Final Russian Nuclear Scientist Sentenced Over Illicit Crypto Mining

A Russian nuclear lab scientist will serve three years in a prison colony for illegally using government equipment to mine bitcoin. Andrey Rybkin of the All-Russian Scientific Research Institute of Experimental Physics in Sarov, Russia, was the last employee of three to be sentenced by a local jurisdictional court according to Russian news source Meduza […]

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With 18 Million Bitcoins Mined, How Hard Is That 21 Million Limit?

In a matter of hours, the 18 millionth bitcoin will have been mined and the world’s first cryptocurrency will draw one step closer to its hard-coded cap of 21 million coins. “The pie is shrinking. This [milestone] gives people some simple math to raise awareness about where we’re at in the [bitcoin mining] process,” said […]

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WATCH: Inside a Siberian Crypto Mining Complex

  In Siberia, cheap hydropower, cold climate, and abandoned Soviet industrial infrastructure has made the region of Irkutsk an attractive spot for urban explorers and, more importantly, crypto miners. In the city of Bratsk lies one of the largest hydropower plants in Russia. The massive dam and generator feeds the region’s growing mining farms. Cheap electricity […]

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Blockstream Launches Bitcoin Mining Farm With Fidelity as Early Customer

Blockstream has launched a colocation mining service and already counts the Fidelity Center for Applied Technology and LinkedIn founder Reid Hoffman as customers. On Thursday, the bitcoin and blockchain technology firm announced a new mining wing, Blockstream Mining, along with a BetterHash-based mining pool, Blockstream Pool. Led by cryptographer Dr. Adam Back, Blockstream is best known […]

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