HashChain Technology Acquires Blockchain Company NODE40

HashChain Technology Acquires Blockchain Company NODE40

HashChain Technology Inc. (HashChain) has acquired the blockchain technology company NODE40 for $8 million USD and 3,144,134 common shares of stock in HashChain (TSXV: KASH) (OTCQB: HSSHF).
HashChain Technology Acquires Blockchain Company NODE40

HashChain Technology Acquires Blockchain Company NODE40

HashChain Technology Inc. (HashChain) has acquired the blockchain technology company NODE40 for $8 million USD and 3,144,134 common shares of stock in HashChain (TSXV: KASH) (OTCQB: HSSHF).

Vermont Lawyer Warns of Legal Complications Ahead for Cryptocurrency Miners

Are miners — the nodes on a blockchain that process transactions — partners in a company? And, if they are deemed partners, and a cryptocurrency project collapses leaving coin holders holding the bag, what legal construct is in place to protect miners from lawsuits? One Vermont lawyer sees a “nightmare” unfolding. Stepping back a few steps, last month, several news sites ran stories about proposed legislation (S.

Energy Company Hydro-Quebec Looks to Attract Bitcoin Miners

Hydro-Quebéc (HQ) is a public utility that manages the generation, transmission and distribution of electricity in Quebec, Canada, but it finds itself in a position of generating more power than its customers need. In an article from Le Journal de Québec, Éric Martel, president and CEO of HQ, relates how HQ is facing a death spiral for electricity consumption.

Our Top 5 Bitcoin “Good News” Stories of 2017

When the history of Bitcoin and blockchains is written, 2017 will be the year tagged as the “turning point” when Bitcoin and “red hot” blockchain technology went mainstream. The steadily rising bitcoin price and market cap is a key, though not the only, indicator that a tipping point has been reached.

Canadian TSX Venture Exchange Approves Crypto-Mining Company HashChain to Launch Monday

On December 18, 2017, HashChain Technology, a cryptocurrency mining company, went public for the first time on the TSX Venture Exchange under the ticker symbol KASH, joining at least eight other crypto-related startups including HIVE Blockchain Technologies (Genesis Mining).

New Bitcoin Mining Centers Set to Increase North American Market Position

While China continues to dominate the bitcoin mining market, North America has now gained another significant player who can help decentralize mining power. Hut 8 Mining Corp (Hut 8) and the Bitfury Group (Bitfury) have announced a partnership that will create North America’s largest bitcoin mining center, located primarily in Alberta, Canada.
Veritas Looks to Adopt Suitable Eco Mining

Veritas Looks to Adopt Suitable Eco Mining

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Opinion: Bitcoin Mining Consuming More Electricity Than 159 Countries is a Positive

The Bitcoin network consumes more electricity than 159 individual countries including ireland, a new report by CBS revealed. In contrary to most claims, bitcoin’s massive consumption of electricity is a positive aspect of the cryptocurrency, as it provides more security value to the network. Proof-of-Work is Important For Bitcoin Earlier this year, in a response to JPMorgan CEO Jamie Dimon’s baseless condemnation on bitcoin, security expert John McAfee stated on CNBC’s Fast Money that bitcoin is a better store of value and a currency than all fiat currencies including the US dollar, because of its decentralized nature and the resources required to generate or produce new bitcoins.

Ethereum Price Gains Boost Nvidia GPU Sales

Ethereum price hikes are pushing the value of Nvidia, according to analyst Mitch Steeves of RBC Capital. Steeves claims higher Ethereum prices will increase the use of Nvidia GPUs for mining. On Monday, Nvdia shares were up by $1.67, or 0.8%, at $216.60. Steeves, who has given Nvidia an “outperform” rating, said the payback period of cryptocurrencies has fallen as the prices have risen. The price increases include Ethereum, Monero, Zcash and bitcoin.

Sweden is Evolving into the Next Major Bitcoin Industry and Mining Market

Claire Ingram Bogusz, a researcher at Stockholm School of Economics, noted that Sweden’s bitcoin market is growing at a rapid rate, due to friendly regulatory frameworks for fintech startups and cryptocurrency mining. “Sweden is among the leaders in the global bitcoin market. There’s a very high-level of knowledge about it here, and a high-level of digital competence in the Fintech space.

Bitcoin Gold Launches on November 12

After weeks of preparation, Bitcoin Gold (Bgold; BTG) is finally launching tomorrow,  November 12, 2017. Bitcoin Gold is the second project to fork away from the Bitcoin blockchain to create a new coin this year; on August 1, Bitcoin Cash (Bcash) was the first.

Bitcoin Gold Launches on November 12

After weeks of preparation, Bitcoin Gold (Bgold; BTG) is finally launching tomorrow,  November 12, 2017. Bitcoin Gold is the second project to fork away from the Bitcoin blockchain to create a new coin this year; on August 1, Bitcoin Cash (Bcash) was the first.

Bitcoin Mining in China is Not Banned Yet, Contrary to Reports

Throughout this week, false reports regarding the legality of bitcoin and cryptocurrency mining have emerged. Local sources have revealed that bitcoin mining is not banned as of yet. Unconfirmed Reports and Rumors Initially, Sichuan Electric Power Company, released an unconfirmed circular which claimed that the use of electricity to produce and mine bitcoin is illegal. Caijing, an independent news publication based in Beijing, first reported on the circular released by Sichuan Electric Power Company, and more media outlets followed.

Bittrex on SegWit2x: Bitcoin Will Remain as BTC, Market Will Decide

Bittrex, the third largest cryptocurrency exchange in the world by trading volume, has released an official statement regarding the SegWit2x hard fork scheduled to be executed on November 16. Original Bitcoin Blockchain Will Continue as “BTC” In the statement, Julian Yap of Bittrex emphasized that the original bitcoin blockchain will continue with the moniker “BTC” after the SegWit2x hard fork occurs later this month.

Arkansas Sheriff Mines Bitcoin In Cyber Crime Prevention Initiative

The county sheriff in Bentonville, Ark. is mining bitcoin as part of a program to prevent cyber crime, according to the Northwest Arkansas Democrat Gazette. Detectives interviewed about the initiative did not give a lot of details about the program, but said the sheriff is using bitcoin for undercover operations.
GMO ICO? Bitcoin-Friendly IT Firm Announces Token Sale

GMO ICO? Bitcoin-Friendly IT Firm Announces Token Sale

Japanese IT firm GMO is adding another twist to its ongoing cryptocurrency initiative: a plan for an initial coin offering (ICO). The token sale was disclosed in an announcement on Tuesday. Though some of the finer details remain unclear, the company – which previously revealed plans to open up a cryptocurrency mine and an accompanying cloud mining service – is planning to use the token as part of a payment system for an upcoming series of products.
TSMC: Cryptocurrency Mining Drove Strong Third Quarter Revenue

TSMC: Cryptocurrency Mining Drove Strong Third Quarter Revenue

The chief financial officer for the Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest independent semiconductor foundry, cited cryptocurrency mining in the firm's third-quarter results. The company – which provides semiconductor manufacturing services for a range of industries, including firms that design and assemble application-specific integrated circuits (ASICs) for cryptocurrency mining – announced third-quarter revenue of $8.32 billion, an increase of 17.9% compared to the previous quarter and 1.
Torrent Website Offers Users Rewards for Cryptocurrency Mining

Torrent Website Offers Users Rewards for Cryptocurrency Mining

A torrent downloads website has started offering visitors the option to enable a cryptocurrency mining feature and earn incentives for the platform, according to a TorrentFreak report. The news indicates a possible shift in tactics by torrent websites, after a number of popular services have been found to have installed hidden cryptocurrency mining code that harnesses visitors' computer processing power without seeking permission. Some, such as The Pirate Bay, have notably failed to inform site visitors that their CPU was being used by the miner, a strategy that led domain supplier Cloudflare to classify the undisclosed process as "malware" and remove the domains of torrent site ProxyBunker for also hosting mining code.
Torrent Website Offers Users Rewards for Cryptocurrency Mining

Torrent Website Offers Users Rewards for Cryptocurrency Mining

A torrent downloads website has started offering visitors the option to enable a cryptocurrency mining feature and earn incentives for the platform, according to a TorrentFreak report. The news indicates a possible shift in tactics by torrent websites, after a number of popular services have been found to have installed hidden cryptocurrency mining code that harnesses visitors' computer processing power without seeking permission. Some, such as The Pirate Bay, have notably failed to inform site visitors that their CPU was being used by the miner, a strategy that led domain supplier Cloudflare to classify the undisclosed process as "malware" and remove the domains of torrent site ProxyBunker for also hosting mining code.

The Curious Case of Bitcoin’s “Moby Dick” Spam and the Miners That Confirmed It

The scaling debate has dominated the Bitcoin space for well over two years now. As a central issue, Bitcoin’s one-megabyte block size limit was often insufficient to include all transactions on the network. This ultimately led to the replacement of this block size limit for a block weight limit through Segregated Witness, allowing for up to four megabytes of transaction data.
Like It or Not: Public Companies Are Feeling the Crypto Mining Boom

Like It or Not: Public Companies Are Feeling the Crypto Mining Boom

While cryptocurrencies may be back in the headlines, most public companies are today keeping any interest in the technology on the periphery of their business. For tech giants Nvidia and Advanced Micro Devices (AMD), however, that is no longer an option. So far in 2017, cryptocurrency miners have taken over the market for consumer graphics processing units (GPUs), using the devices to solve the cryptographic puzzles required by ethereum (and other "scrypt"-based cryptocurrency protocols) and claim their lucrative rewards.
Reports: Showtime Websites Used to Secretly Mine Cryptocurrency

Reports: Showtime Websites Used to Secretly Mine Cryptocurrency

American TV network Showtime has been forced to remove code from two of its websites that secretly mined the privacy oriented cryptocurrency monero on visitors' computers, according to reports. Gizmodo and The Register both indicate that two websites run by Showtime – the eponymous Showtime.

Uncertainty Dominates as China Continues to Clamp Down on Cryptocurrencies

China is clamping down on cryptocurrency, that much is clear. But while the developing story dominates headlines, a notable trend is the lack of official information. Chinese officials seem to systematically decline requests for comments, local sources are willing to provide information on condition of anonymity only, while leaked documents remain unverified. Despite this lack of clarity, here’s what’s known so far. Effects on Trading The most important thing we know for sure is that Chinese bitcoin exchanges will be closing down, or at least exiting China.

SONM: A Universal ‘Fog Supercomputer’ Powered by the Ethereum Blockchain

A frequently heard critique of blockchain technology is that mining is a power-intensive process that consumes energy, generates heat and damages the environment for the sole purpose of maintaining the blockchain. On one hand, maintaining an open and secure blockchain is important and, therefore, worth the energy it costs to maintain it. On the other hand, perhaps the energy spent can be partly redirected toward other important applications. SONM (Supercomputer Organized by Network Mining) is an ambitious project that wants to turn mining computers into nodes of a worldwide supercomputer able to tackle demanding, resource-intensive computing tasks of any nature.