Mining

Bitcoin Magazine’s Week in Review for week of August 25th, 2018

Norwegian bitcoin miner Kryptovault is facing a shutdown of its operations due to extensive noise complaints from locals and a lack of proper paperwork.

King is focusing his energies as a member of GEAR’s Advisory Board, helping the small startup, still in incubation, to raise funds for the development of green mining technology.

The idea of “green crypto” is not a misnomer. There are initiatives out there that encourage more responsible cryptocurrency mining.

With the sheer number of cryptocurrencies available to mine, cryptomining malware is becoming a popular choice for attackers.

Last year, growing problems of Bitcoin mining centralization came to light with the controversy of an AsicBoost scandal. As a largely centralized hash rate began to threaten the software’s magical property, concerns were raised that incentives at the crux of Bitcoin’s game theory had broken away.

Since the report’s publication, many leaders in the crypto community have argued that the BIS is incorrect in much of what it seems to state as fact.

This move could potentially open the company’s books to the world and allow the stock market to assign the company real-time value.

Representatives of Hydro Quebec are asking that the total amount of energy made available to digital currency miners be limited to 500 megawatts.

While many in the West often overlook Africa as an emerging blockchain innovation center, a deeper look across the continent tells a very different story.