Tag: miners

Putin Orders Drafting of Digital Currency Laws, Affecting Miners

Following a few months of conflicting statements, recent reports from the Kremlin indicate that Russian President Vladimir Putin has made a decision on digital currencies. He has ordered his government to create laws meant to clearly govern the status of Bitcoin and other digital currencies, but also to thoroughly regulate initial coin offerings, mining, and other aspects of cryptocurrency by summer 2018. Decisions, Decisions While there have been several hints that Russia …
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Bitcoin Users vs Bitcoin Miners

It is obvious there is a disconnect between both the miners and the users of Bitcoin. Due to the scaling debate, it appears some sort of battle line has been drawn between both groups, even though they ultimately aim to achieve the same goal. This turmoil has created a very uneasy situation, effectively splitting the community. Miners And Users Don’t See Eye To Eye If there is one thing we can …
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Potential Negative Effect of Bitcoin Halving

On July 26, the bitcoin block reward will decline from 25 btc per block to 12.5, limiting the number of bitcoin in circulation. While many believe this could increase the price of bitcoin, it actually could potentially go the exact opposite direction. The blocksize debate has been the most highly anticipated discussion in the bitcoin community. With the birth of Bitcoin Classic, a proposal to increase the bitcoin blocksize by …
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FTC Settles Charges Against Bitcoin Mining Hardware Manufacturer Buttlefly Labs

Bitcoin mining hardware manufacturer Butterfly Labs, has agreed to settle a dispute with the FTC, which accused the company of deceiving customers. According to the FTC’s complaint – which was filed on the 18th of September in 2014 – Butterfly Labs misrepresented the profitability of their mining machines, and also kept customer’s pre-payments without delivering the mining hardware for an extend period of time. According to an official press release …
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