Mr. Dexter Ng of Singaporean company Mining.sg has reported growing demand for his company’s cryptocurrency mining hardware. Mr. Ng told Channel News Asia that “customers come in and order 50 rigs on their own.” Also Read: Central Bank of Singapore Sees No Reason to Regulate Cryptocurrencies It Has Been Reported That Singaporean...
Chinese bitcoin miners are the latest tranche of the country’s cryptocurrency community to be hit by restrictions. This time it’s not the government but a subsidiary of the State Grid Corporation that has issued the decree, in a move which calls into question the country’s ability to sustain bitcoin...
The Russian Association of Blockchain and Cryptocurrency has conducted a study to determine the best location for cryptocurrency mining in the country. The best region found is a major transport and distribution center as well as a transit hub with cheap electricity. Currently, there are very little crypto mining...
Russia has been suffering from a shortage of graphics cards that can be used to mine cryptocurrencies, causing their prices to almost double. However, it was not ordinary households that purchased most of these cards. State-owned Sberbank has come forward, admitted to buying them, and apologized for causing the...
Companies from China and the European Union have applied to start mining operations in Russia. The country already has “hundreds” of cryptocurrency mining factories but still has free energy capacity for foreign companies to set up mining farms. Also read: Russia Promises Regulation Will Not Kill ICOs 40 Applications Received The Russian...
The government of a Japanese city known for its renewable energy and low temperature in the wintertime is attracting cryptocurrency miners to use its clean electricity. One company has already announced that it will open “the first clean energy-based Japanese mining center” in the city to mine 10 cryptocurrencies...
RT has reported that citizens of the Russian city of Irkutsk in Siberia have been using cryptocurrency mining to heat their homes. Irkutsk has attracted many cryptocurrency miners due to the city’s cheap power prices. Also Read: Bitcoin ATMs On the Rise in Russia Two Irkutsk Entrepreneurs Have Developed an Underfloor Heating...
Advanced Micro Devices (AMD) has announced an estimated gross profit margin of 35% percent for the fourth-quarter of 2017. Although the announcement has revealed a lower profit forecast than anticipated by some analysts, AMD’s share price has seen gains of more than 80 percent over the course of the...