Chinese bitcoin mining giant sets up Swiss hub

One of the world’s largest bitcoin miners is setting up a hub for European operations in Switzerland, a person familiar with company has confirmed to The Chinese firm Bitmain Technologies is setting up in Zug just as the Chinese authorities move to shut down cryptocurrency miners. Bitmain Technologiesexternal link builds …


Bitcoin ‘mining’: A new way for North Korea to generate funds for the regime

North Korea appears to be funding itself with bitcoin, according to a recent report. Recorded Future, an intelligence research firm backed by Google Venture and In-Q-Tel (a venture capital firm funded by the CIA), reported that North Korea began “mining” bitcoin on May 17 and could be using the digital currency to generate income for …


Solar-Powered Bitcoin Mining Could Be a Very Profitable Business Model

Bitcoin and other cryptocurrencies are now a major business, with the global market capitalization of these coins exceeding $170 billion at their recent peak, according to Coin Market Cap. Bitcoin alone has reached over $70 billion in value, up from nothing when it was created just eight years ago. A …


Does Bitcoin Have a Mining Monopoly Problem?

During bitcoin’s early days, anyone could “mine” it using their home computer. But as the price of digital currency climbed towards $100 in 2013 (it’s now over $4,000), professional mining groups with specialized computer chips emerged. Today, these groups, or pools—nearly all based in China—have become concentrated and now dominate …


Russia Reportedly Making Plans to Subsidize Domestic Crypto Mining

Russia’s complex relationship with digital currency took another interesting turn this week, as news reports suggest that the government is preparing to provide electricity subsidies to its domestic Bitcoin miners. The Russian news outlet Izvestiya broke the story, as Institute for Internet Development (IRI) project activities director Arseny Shcheltsin reportedly …


Japanese E-Commerce Giant DMM Unveils Bitcoin Mining Plans

The Bitcoin mining ecosystem direly needs more decentralization. Although people from all over the world participate a few pools effectively control the network. Japan’s DMM Group will look to change all of this in the near future. The company announced plans to launch a Bitcoin mining operation. The will also …