Photonics Bitcoin Mining Tech Aims to ‘Democratize’ Energy Use

Three researchers have published a paper at Cornell University’s arxiv.org proposing a system called Optical Proof of Work (OPOW) to potentially be employed in Bitcoin mining. According to the paper, “heavy reliance on electricity has created scalability issues, environmental concerns, and systemic risks.” The authors state that silicon photonics could be used to shift mining…

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Russian Aluminum Plant Set to House Cryptocurrency Mining Farm

International economic sanctions have propelled many countries toward cryptocurrencies — from Venezuela to Iran. Now, U.S. sanctions imposed on one Russian company have paved the way for a cryptocurrency mining operation to take over a decidedly industrial facility. Rusal Turns to Cryptocurrency Mining in Face of Sanctions One such establishment is Rusal, an aluminum giant…

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Bitmain’s Jihan Wu Talks Mining and Industry Growth With Bitcoin.com’s CEO

At the World Digital Mining Summit in Frankfurt, Germany, Bitcoin.com’s CEO Stefan Rust sat down with Jihan Wu, cofounder of Bitmain Technologies and Matrixport. The two discussed how cryptocurrencies being used for payments is spreading and how Bitmain is doing after the bear market last year. Also read: SEC Wants Second Look at Bitwise Bitcoin…

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Bitmain to Play Matchmaker Between Mining Farms, Miners With New Service

Bitmain is creating the eHarmony of bitcoin mining. Okay, maybe that’s a bit embellished, but the mining firm is creating a tool that connects large-scale mining operations with individual suitors shopping for mining hardware hosting services. The new service, dubbed the World Digital Mining Map (WDMM), will create a directory of cryptocurrency mining farms and…

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