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Mining News

US Regulator Fines and Suspends Former Banker for Mining Bitcoin

US Regulator Fines and Suspends Former Banker for Mining Bitcoin

[ad_1] By CCN Markets: A former investment banker has been slapped with a fine and a suspension by self-regulatory body Financial Industry Regulatory Authority (FINRA) for mining Bitcoin. According to the regulator, Kyung Soo Kim pursued outside business activity in December 2017 without giving his former employer a written notice. Kim is an ex-employee of […]

Wasted Naysayers Continue to Flog Wasteful Energy-Consuming Bitcoin

Wasted Naysayers Continue to Flog Wasteful Energy-Consuming Bitcoin

[ad_1] By CCN Markets: Here we go again. Yet another article has surfaced taking potshots at the perceived threat of Bitcoin’s energy consumption. A recent article out of MIT Technology Review claims that: Mining Bitcoin is a hugely wasteful process. For miners to accrue more of the cryptocurrency, powerful computing hardware must solve increasingly difficult, […]

bitcoin mining

Bitcoin Mining Is Shockingly Mostly Powered by Green Energy

[ad_1] By CCN: Contrary to popular opinion, it appears that Bitcoin mining might not be as bad for the environment as people think. In a highly detailed report, CoinShares research reveals that 74% of mining activity runs on renewable energy. “We show that Bitcoin mining is mainly located in global regions where there are ample […]