Cryptocoins News / NewsBTC - 2 years ago
Proof-of-Work (PoW) cryptocurrency mining has been the subject of bad press in recent times. Critics argue that excessive energy consumption, and its use of fossil fuels, are wasteful and causing irreparable damage to the environment.
But, UK-based e...
Bitcoin News / Bitcoin.com - 2 years ago
Law enforcement authorities in Kyrgyzstan have confiscated thousands of crypto mining machines as part of a new offensive against illegal cryptocurrency mining in the country. Investigators have also identified industrial enterprises that have been s...
Bitcoin News / Bitcoin.com - 2 years ago
Iranian President Hassan Rouhani has announced that cryptocurrency mining is banned in Iran, effective immediately. The ban, which will last until Sept. 22, is imposed as many cities in the country are facing major power blackouts.
Iran has banned c...
Bitcoin News / Bitcoin.com - 2 years ago
On Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center located in Texas. The binding investment worth $25 million is with Dory Creek, LLC as the...