28 Oct '17, 10pm

How Many Barrels Of Oil Are Needed To Mine One Bitcoin?

How Many Barrels Of Oil Are Needed To Mine One Bitcoin?

Giant ether mining start-up, BitFury Group, is there. BitFury, out of the Netherlands, generated over $90 million in revenue this year, and predicts it will be generating $585 million in revenue by 2021. While its flagship data center is in the Republic of Georgia, it’s also now tapping into the cool temperatures of Iceland. Emmanuel Abiodun, founder of Cloud Hashing, a company which owns a computing facility in Iceland, chose Iceland because of its cheap and plentiful geothermal and hydroelectric energy, and the “free Arctic air” that is piped in to cool the machines. Iceland is also ground zero for Hong-Kong-based Genesis Mining Ltd, which is building the largest ether mining facility in the world in Iceland. And HIVE has recently acquired a new data center from Genesis for $9 million and a 30 percent equity stake in HIVE, according to Bloomberg, which says HIVE shares h...

Full article: http://www.zerohedge.com/news/2017-10-28/how-many-barrels...

Tweets

How many barrels of oil are needed to mine one ...

rt.com 27 Oct '17, 8am

Read more Bitcoin surges to over $6,000 to set new record for 2 weeks in a row The bitcoin mining industry consumes 22.5 T...

7 Ways To Turn One Webinar Into Many Pieces Of Content

7 Ways To Turn One Webinar Into Many Pieces Of ...

searchenginepeople.com 28 Oct '17, 1am

Creating large amounts of valuable content is a universal challenge among marketers. Whether we’re talking about images, a...

the average energy cost of one Bitcoin equates to 20 barrels of oil

the average energy cost of one Bitcoin equates ...

trustnodes.com 04 Nov '17, 10am

It takes 20 barrels of oil to mine one bitcoin according to some number crunching, with the network as a whole consuming a...

Billionaire Peter Thiel: "Bitcoin's Harder To M...

zerohedge.com 27 Oct '17, 8am

Outspoken billionaire investor Peter Thiel told attendees at the Future Investment Initiative in Riyadh, Saudi Arabia, tha...

A Quick History of Cryptocurrencies BBTC — Befo...

bitcoinmagazine.com 27 Oct '17, 6pm

This guest post by Ian Grigg is reprinted with permission from financialcryptography.com . Before Bitcoin, there was crypt...

How is it not obvious that these 800,000 barrel...

aceee.org 29 Oct '17, 1pm

The Environmental Protection Agency is taking the first of possibly several steps that could set back fuel efficiency for ...

Bitcoin

bitcointalk.org 25 Oct '17, 2am

Bitcoin Silver Make Bitcoin Decentralized Again DECENTRALIZATION Bitcoin Silver implements a new PoW algorithm, Equihash, ...

String a few Galaxy S5s together and you can mi...

engadget.com 30 Oct '17, 2pm

from Greenpeace too, and likely wasn't too happy about the slamming it got from the organization. Which leads us to the Ko...

Bitmain, Whose Chips Mine Digital Coinage, Moves into Deep Learning

Bitmain, Whose Chips Mine Digital Coinage, Move...

electronicdesign.com 26 Oct '17, 5pm

Bitmain , which makes custom chips that run algorithms used to mine cryptocurrencies like Bitcoin, announced on Wednesday ...

May the cyberforce be with you! More #millennia...

raytheon.com 25 Oct '17, 10pm

May the cyberforce be with you More millennials needed to fill cyber jobs as threat increases Share “Alexa, what do young ...

Alaska’s Bristol Bay & The Pebble Mine https://...

earthjustice.org 23 Oct '17, 4am

The Bristol Bay watershed is worth fighting for. It is a sustainable economic powerhouse for local communities and the sou...