At the start of August, 2017, several media were granted access to one of the world’s largest Bitcoin mines, located in Inner Mongolia (China), operated by Bitmain Technologies. Bitcoin mines typically keep their operations private
As of today, Digiconomist is featuring an Ethereum Energy Consumption Index.
A “backdoor” in Bitmain’s mining equipment was found (and fixed) this week, and the SEC is reviewing its decision to reject a Bitcoin ETF.
Ever since Bitcoin’s inception its trust-minimizing consensus has been enabled by its proof-of-work algorithm. The work is performed by so-called miners; power hungry machines
Bitmain is accused of exploiting a weakness in proof-of-work, and Bic Camera has started accepting Bitcoin.