Gominer company (a crypto mining firm) has made public that it is going to offer their cloud mining service to the public. It has been in crypto mining business for past four years with Canada as its home base. They are also planning to built a social media platform for crypto mining community where the user can connect with each other making them able to share, post, send messages, post comments etc.,
Iran has stepped-up its cryptocurrency mining strategy as they have decided on a new tariff of the cryptocurrency mining activity in the country. The mining operations now allowed to be operated in the country but the authorities will be putting a premium on miner’s energy prices to limit the impact of the activity on the national power grid. Many major Chinese BTC miners were outsourcing their operations in order to take advantage of these lower energy costs.
Recent studies have been conducted to study correlation of Bitcoin adoption & crypto mining to environmental impact, but in a recent interview with University of Cambridge’s Michel Rauchs said, “If regional governments try to create disincentives like subsidies and raising taxes, miners will just naturally leave to another place with low costs and electricity in high abundance. And that’s fine.”
The Financial Industry Regulatory Authority have given its approval to BHPA Inc (a crypto-cloud mining firm) to trade under the ticker “BHPA” OTC Markets Group. The company’s CEO Wenjie Wu commented, “We are excited to be quoted on the OTC and to be trading under a stock symbol that helps to support a cohesive and coherent identity for current and prospective investors,”
A green paper that describes an eco-friendly means of mining cryptocurrencies has been released by Chia (a tech company located in USA). The paper explains, “Instead of using proofs of work, Chia alternates proofs of space with verifiable delay functions. This results in a chain than in many aspects is similar to Bitcoin, in particular, as in Bitcoin no synchronisation is needed and we can prove rigorous security guarantees assuming a sufficient fraction of the resource.”
The president of the partially recognized Republic of Abkhazia, Raul Khadjimba has unveiled its plan to build a large cryptocurrency mining farm. Khajimba agreed with the remark that it is necessary to put the whole thing on the state balance, and added that we want the state to govern such processes. Despite the potential for legislative delays, he hopes that the plan to set up a mining farm can be implemented sooner rather than later.
The Iran government came down on the crypto miner located in the nation by announcing that they will be cutting off power to crypto mining until new energy prices are approved. An official from Iran’s Ministry of Energy, Rajabi stated, that crypto miners will be identified and their electricity will be cut, because the country has seen a 7% spike of electricity consumption over a monthly period ending.
The Ministry of Economy of Abkhazia has developed a law draft on the settlement of cryptocurrency mining activities in the region. Crypto mining has been put out of picture in December 2018 following power crisis. The new draft law will leave open the possibility of introducing temporary restrictions on the use of the power system for cryptocurrency mining in the event of crisis situations in the energy grid.
LoudMiner, uses virtualization software VirtualBox on Windows and QEMU on Mac OS to mine crypto on a Tiny Core Linux virtual machine, thus having the potential to infect computers across multiple operating systems.It targets applications whose purposes are related to audio production, which usually run on computers with robust processing power and where high CPU consumption in this case caused by stealth crypto mining might not strike suspicion.
MSRise (a Singapore company) has revealed that a new generation of energy efficient miners from 550 to 800 watts, though built on standard built it offers high-productive, low power consumption mining farm. MSRise in its statement: “In case of our success, it will be the most green ICO in the entire history. And we believe that buyers will be able to make the right choice in favor of preserving the environment.”