The bitcoin mining facility that DMG Blockchain Solutions announced it was building in British Columbia, Canada in July is now operational. Though the full capacity of the facility is 85 megawatts, initially only 60 megawatts will be made available at the operation that occupies 27,000 sq. ft. The power that the Mining as a ServiceThe post What Bear Market? Major Bitcoin Mining Farm Goes Live in Canada appeared first on CCN
11/11/2018 / 23:15:31
According to Rebecca Harding, a financial journalist and the acclaimed author of “The Weaponization of Trade: the Great Unbalancing of policy and economics,” major financial institutions are waiting to invest in the crypto market. Harding, who operates as the CEO of Coriolis Technologies, a trade technology company that provides services to major banks and corporationsCCN
10/04/2018 / 21:23:21
Cryptocurrency exchange Coinsquare has reached a partnership agreement with a major Canadian bank and we’ve covered the announcement in The Daily. Also in Canada, a large bitcoin farm may be cut off from the grid by a mayor concerned about electricity consumption, and elections in Québec are likely to change the game for mining companies. […]Bitcoin News.
10/02/2018 / 12:50:40
The Daily | Bank | billionaire | bitcoin farm | Bitfund | Canada | Canadian | China | chinese | Coinsquare | Elections | Exchange | Hut 8 | Investor | li xiaolai | Miners | mining | N-Featured | Quebec | Tycoon | | BTC|Mining|Exchange|Fiat|Asia
The French-Canadian province has quickly become a cryptocurrency mining hotspot due to the naturally cold weather and cheap electricity. However, the industry might be seriously impacted following today’s local parliamentary elections. An Important Vote In early 2018, the provincial government of Quebec was loaded with demand on behalf of cryptocurrency mining companies from China and around the world. However, the Parti Liberal du Quebec – the political organization currently in charge — put a damperRead MoreBitcoinist.com.
10/01/2018 / 19:00:09
Hong Kong-based Libellum Ltd will struggle the opacity of the world's largest supply chain market to make the process of entering it easier.CoinSpeaker.
09/03/2018 / 12:55:33
Electricity is the number one cost for cryptocurrency mining, giving an edge to whoever can secure it for the lowest price. Bitfarms, which has access to cheap renewable energy in Canada, reports that mining a single BTC cost the company just $1567 in the first half of the year. Also Read: The Daily: Huobi Nears […]The post Report: Miner Spends Only $1567 per Bitcoin appeared first on Bitcoin News.
08/30/2018 / 17:35:01
Idealistic startup Argo Blockchain PLC, a mining company, is the first cryptocurrency-related firm to sit on the prestigious London Stock Exchange. In only its initial trading day, Argo raised $32 million, earning a $61 million valuation in the process. Also read: Bitcoiners Hope to Have a Friend in Top US Regulator Jay Clayton Mining Company […]The post $32mil Raised by Mining Company Listed on London Stock Exchange appeared first on Bitcoin News.
08/05/2018 / 07:00:16
Markets and Prices | Argo Blockchain PLC | Bitcoin gold | Canada | Ethereum | Ethereum Classic | Genesis mining | Henderson Global Investors | Iceland | Jonathan Bixby | Jupiter Asset Management | London Stock Exchange | LSE | MaaS | Miton Capital | N-Featured | Quebec | Zcash | | Mining|Exchange|ICO|Business|BTC
Bitmain, the world’s largest bitcoin mining firm, is preparing to open a new data center in Texas, external job postings show. The China-based cryptocurrency company, which reportedly recorded $1.1 billion in profit during the first quarter, is currently looking for a project manager and data center site manager to staff a new plant in Rockdale,CCN
07/31/2018 / 16:56:15
In recent mining news, Brookstone Partners has announced its intention to build a 900-megawatt wind farm in Dakhla, Morocco, Hydro-Québec has been given permission to charge cryptocurrency miners increased rates, and DMG has begun installing its 85-megawatt substation in Canada. Also Read: Crowd Psychology Driving BTC Prices, Finance Experts Say Brookstone Partners Plans 900 MW Wind […]Bitcoin News.
07/28/2018 / 10:45:41
Mining | 85 | 900 | Brookstone | brookstone partners | build | Canada | Cryptocurrency | dakhla | DMG | Farm | hydro | Increases | megawatt | Miners | mining | Morocco | MW | N-Featured | Quebec | rates | round | substation | up | wind | | Mining|BTC|Market
Dominic Lacroix, the subject of ICO fraud charges, transferred $3.7 million worth of bitcoins to a court-appointed administrator right in a Quebec City courtroom on July 6 as ordered by a judge, according to ICI Quebec. Canada’s Financial Markets Authority and the U.S. Securities and Exchange Commission claimed Lacroix was responsible for a fundraising schemeThe post Judge Forces Alleged ICO Fraudster to Fork over $3.7 Million in Bitcoin appeared first on CCN
07/22/2018 / 19:30:20
In today’s Bitcoin in Brief, Belarus, which legalized crypto activities this spring, is now turning its attention to adopting standards for companies operating crypto exchanges and issuing tokens. We’ve covered the decision of the Russian payment provider Qiwi to motivate its employees with tokens. The Daily also features crypto news from China and Canada. Also […]Bitcoin News.
07/20/2018 / 11:55:49
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Bitcoin mining firms looking to set up shop in Quebec will now have to pay more for electricity. This is after the energy regulator of the Canadian province, Régie de l’énergie, gave the region’s utility firm, Hydro-Quebec, the go-ahead to impose a deterrent tariff that will see cryptocurrency miners paying double the rate that isCCN
07/20/2018 / 00:30:25
A survey by the Bank of Canada has found that 85 percent of Canadians are aware of Bitcoin. The survey further revealed that the level of ownership of the digital currency had nearly doubled in 2017, with most of the owners holding it for speculative reasons and as a form of investment. The residents of […]
07/14/2018 / 21:00:44
Despite worries about cryptocurrency mining — from the impact that it can have on the environment to the potential impact it can have on the rates for other local electricity consumers — the state of New York has approved a bid to provide cheaper electricity to miners. State of Crypto Mining in New York Yesterday,...NewsBTC.
07/13/2018 / 19:00:18
Tempers are flaring in Quebec, as its climate and relatively cheap electricity have made it a magnet for the burgeoning cryptocurrency mining industry. The provincial government and its energy concern, Hydro-Quebec, have been accused of playing favorites to the likes of mining giants such as Bitmain. Also read: Troll Slayer: Derek Magill Defends Peer-to-Peer Electronic […]The post Quebec Mining Drama: Bitmain Money Muscle or Local Sour Grapes? appeared first on Bitcoin News.
07/06/2018 / 13:50:09
A month after authorities in Quebec lifted a moratorium on allowing Bitcoin miners, local businesses have begun threatening to leave suspecting unfair policies. ‘Very Saddened’ In a series of tweets June 28, D-Central founder Jonathan Bertrand claimed that due to conflicting interests and agendas at government level, as well as an “intense lobbying effort” from the world’s largest mining corporation Bitmain, had left smaller participants “completely stunned.” “I am a Quebecer and I want toRead MoreBitcoinist.com.
07/04/2018 / 14:00:57
A survey conducted in Canada’s Ontario province has sought to shed light on cryptocurrency investing habits in the region as well as the views of financial consumers and their understanding of the nascent technology. The study, which was compiled by the Ontario Securities Commission’s Investor Office, revealed that at the moment 5% of Ontarians, orCCN
07/03/2018 / 01:00:41
The Canadian province of Quebec has reportedly decided to charge cryptocurrency miners up to roughly three times the current price after they flooded utility Hydro-Quebec with requests for mining operations. In addition, several crypto-related proposals have been submitted including one that requires crypto firms to bid for power. Also read: Yahoo! Japan Confirms Entrance Into the […]Bitcoin News.
06/23/2018 / 02:40:47
Mining | bidding | Bitcoin | BTC | Canada | cheap electricity | cheap energy | companies | crypto | Cryptocurrency | Digital Currency | hike rates | Hydro-Québec | Kilowatt | megawatts | Miners | mining | N-Economy | power | Quebec | utility | Virtual Currency | | BTC|Mining|Trading|Asia
Even though Canada has become a very important country for cryptocurrency mining, it seems things are changing behind the scenes. The Quebec provincial regulator has decided to allow utility providers to hike electricity prices for Bitcoin miners. As such, the rates will be increased by up to 300%, which might make the mining process unprofitable. […]
06/22/2018 / 02:00:53
Embellished estimates as to the total electricity consumed through bitcoin mining have again made the rounds in the media recently, with many stories claiming that energy consumed by mining annually is comparable to that which is consumed by the entire nation of Ireland. Said stories appear to have been triggered by research published by Alex […]Bitcoin News.
06/17/2018 / 04:20:01
As an emerging asset class, cryptocurrency and blockchain technology related investments are gaining begrudging respect among finance professionals. Market slides aside for the moment, a study released by Grayscale Investments attempts to make the case investors should seriously consider adding crypto to their respective portfolios, as they bring better returns and, counterintuitively, reduce risk and […]Bitcoin News.
06/14/2018 / 11:40:29
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Argo Blockchain has announced plans to be listed on the London Stock Exchange, becoming the first crypto-focused company to do so. The UK-Canadian firm hopes to raise $20 million from the listing at a valuation of $40 million, and Switzerland’s Mirabaud Securities will act as the corporate broker for the company. Argo Blockchain offers mining-as-a-service […]
06/13/2018 / 21:00:07
In recent regulatory news, Brett Redfearn, the director of the United States Securities and Exchange Commission (SEC)’s Division of Trading and Markets, has described the self-reporting efforts of cryptocurrency exchanges as “underwhelm[ing],” Hydro-Quebec has again suspended new applications from mining companies seeking to operate in the province, and the SEC has published a new page […]The post Regulations Round-Up: SEC ''Underwhelmed” by Exchanges’ Reporting, Quebec Halts New Mining Operations Again appeared first on Bitcoin News.
06/12/2018 / 13:24:16
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Cryptocurrency mining has become very popular in Canada. The country’s abundance of renewable energy and robust power grid infrastructure have made specific provinces very appealing. Unfortunately, it seems things will change in the province of Quebec fairly soon. Energy approvals for mining operations have been halted until further notice. Quebec Will Reevaluate Bitcoin Mining Most […]
06/10/2018 / 14:00:57
The Canadian province of Quebec will lift a moratorium on the sale of electricity to cryptocurrency mining operations, local media outlets have reported. According to Le Journal De Montreal, officials reversed course on the moratorium due to fears that Quebec would miss out on potential revenues from the booming industry. At the same time, Quebec … ContinuedCCN
06/09/2018 / 14:15:50
The energy supplier for Quebec, Canada, has temporarily stopped providing power for new digital currency mining projects. Hydro-Quebec claim that the move is to ensure that they can continue to supply the rest of the province with power, as well as exploring other developing industrial sectors. Hydro-Quebec to Propose Strategy for Blockchain Firms to State’s...NewsBTC.
06/08/2018 / 21:00:18
United States Commodities Futures Trading Commission (CFTC) commissioner, Rostin Behnam recently gave a speech in which he predicted that “virtual currencies […] will become part of the economic practices of any country.” The CFTC commissioner predicted that cryptocurrencies will have a transformative effect in providing financial services to unbanked populations, and undermine corruption through increasing […]The post Virtual Currencies to Become ''Part of the Economic Practices” of All Nations – CFTC Commissioner appeared first on Bitcoin News.
06/07/2018 / 23:20:42
Regulation | Become | behnam | CFTC | commission | commissioner | commodities | commodity | currencies | economic | Futures | N-Economy | Nations | PART | Practices | Rostin Behnam | trading | virtual | | Trading|Commodity|BTC|Regulation
The Canadian Province of Québec’s ban on the sale of electricity to cryptocurrency miners has been lifted, with a new decree expected to be put into place to monitor the sale of electricity to miners, according to sources. Hydro-Québec’s Mandate In a report from the Le Journal De Montreal, sources suggest the move to lift the moratorium...NewsBTC.
05/31/2018 / 22:00:37
Cryptocurrency mining is very popular in Canada. This is both a blessing and a curse for local officials. The Quebecois government had taken exception to people mining Bitcoin. As such, no one was allowed to sell electricity to these miners for the foreseeable future. That ban has now been lifted. Quebec is a very tech-oriented...Bitcoin Network, News, Charts, Guides & Analysis.
05/31/2018 / 20:00:26
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