Ponzi schemes lure investors with the promise of quick riches
The art of the Ponzi scheme dates back almost a century ago. Today, the same methods are employed by scam artists in all industries and some with great success.
Washington State digital currency Alert could drive business to Texas
Washington State has been a popular hub for bitcoin mining companies due to its cheap renewable energy, but the Washington State of Financial Institutions and the Tennessee State Government recently issued a warning to buyers of digital currencies.
A Gentle Introduction To Bitcoin Mining
Mining is the process of writing pages (blocks) of bitcoin transactions into the bitcoin ledger, called ‘The Bitcoin Blockchain’, and getting rewarded with newly created bitcoins.
Bitcoin Company’s IPO Precedes Attaining 13.4% Mining Market Share by March 2016
Melbourne based mining company, the Bitcoin Group, is on the verge of becoming the first Mining company to issue an IPO on any major exchange. Plans for the first 6 months include rapidly expanding, to take over 13.4% of the global mining hashrate distribution.
Bitcoin Miner Manufacturer Found Guilty of Fraud
ASIC mining chip manufacturer, HashFast Technologies, has been found guilty of fraud for unfair business practices, and the way it handled returns from their 2013 failed deliveries of the 'Baby Jet' mining rigs.
Bitcoin and Sustainable Mining
Utilizing the earth’s resources responsibly is an ongoing concern. Burning fossil fuels is detrimental to our environment, but keeping costs down is advantageous to a company’s bottom line. Renewable sources of energy are on the rise, and increasingly competitive on price.
Mint Sells Bitcoins Direct From Miners
Amsterdam based BlockTrail recently announced Mint. The service sells freshly mined coins directly from the miner, for a premium.
21 Inc, ‘Decommoditizing Mining’
Bitcoin's best-funded yet mysterious company 21 Inc. recently announced their BitShare program, putting ASIC mining chips in common electronics like USB hubs and routers.
Number of Bitcoin Miners Far Higher Than Popular Estimates
A more seasoned way of gathering statistics about bitcoin miners shows a far higher number of bitcoin miners today than most people have been told. BraveNewCoin interviews mining pool data pioneer Andrew Geyl, aka organofcorti, about the true size of the bitcoin mining network.
Bitcoins Value: Mining
The decision to mine for bitcoin comes down to profitability. A rational individual would not undertake mining if they incurred a loss in doing so.
Bitcoin Adoption; ziftrCOIN Targets New Users
The New Hampshire-based company aims to onboard the next 10 million cryptocurrency users, and recently completed a presale of 4,141,444 ziftrCOINs for a total of $878,695. Bob Wilkins, CEO and co-founder of Ziftr, explains the concepts behind the new cryptocurrency.
Bitcoin Price Drop: CEXio Plans Mining Pause
The Ghash.io Mining Pool, operated by CEX.io, currently has 11% of the network mining power. This may change as the company announced it will 'Pause' it's Mining Operation during the next difficulty increase, due to the price of Bitcoin.
Marco Streng At Bitcoin South: Bitcoin Mining & The Future
Marco Streng, CEO of Genesis-Mining, delivered an informative talk on the History of Mining, the hardware arms-race that evolved over the last 2 years and where things are heading to for the future.
Bitcoin Regulation Pushes Sale of BTC Guild
On the 31st October BTC Guild owner Michael Marsee announced the imminent closure of one of the oldest surviving Bitcoin mining pools. US regulation is cited as a contributing factor. Just hours after making the announcement, multiple parties have expressed strong interest in purchasing BTC Guild.
