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Bitcoin Mining impact on Environment Debate Reopened by Think Tank

Bitcoin Mining impact on Environment Debate Reopened by Think Tank

The impact of mining bitcoins on the environment has raised concerns again as a suitability based think tank in Australia pointed out that the mining alone can consume up to 60% global annual production of electricity. Long Future Foundation calculated this estimate on the suppositions that 1 BTC is valued …

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London Photographer All Set for Bitcoin-Only Challenge

London Photographer All Set for Bitcoin-Only Challenge

In one of its kind challenge, London’s Abby Scarlet is a photographer and has decided to take on a challenge where she will only accept Bitcoins as payment from her clients. She revealed in her interview in her North London Studio that has been two weeks since she went on …

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HashRabbit invested $500k in mining software solution

Hashrabbit, a startup that supplies endeavor centered programming to encourage the administration and security of bitcoin mineworkers, has raised $500,000. The financing originates from Tim’s Draper Associates alongside Vegastechfund, a venture firm run by Zappos organizer Tony Hsieh. Close by the subsidizing advertisement, Hashrabbit is making its product suite accessible …

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Bitcoin mining company Butterfly Labs shut down by FTC

Labs shut down by FTC

Company marketed specialized computers designed to produce the cryptocurrency but delivered useless machines, according to an FTC complaint. A bitcoin-related company that allegedly engaged in deceptive marketing of specialized computers designed to produce the cryptocurrency has been shut down at the request of the US Federal Trade Commission. In a …

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DigitalBTC’s New Mining Centre Powered 100% by Renewable Energy

DigitalBTC

Australian bitcoin firm digitalBTC has announced a multi-year hosting and power supply agreement with Verne Global – a UK-based company specialised in “power-conscious” data centre solutions. Under the agreement, digitalBTC will instal mining hardware at Verne Global’s data centre campus in Iceland, which is powered exclusively by renewable energy, and will source approximately 50% of …

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