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Power-gulping cryptocurrency miners now charged higher fees in New York The New York State Public Service Commission said on Thursday, March 15 that upstate municipal power providers are now allowed to charge higher rates to cryptocurrency miners. The reason should be obvious: Companies and individuals digging for digital gold are consuming large amounts of ...
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US court halts activities of four people in cryptocurrency schemes WASHINGTON (Reuters) - A federal court has halted the activities and frozen the assets of four people who allegedly promoted schemes falsely promising large returns for small payments of bitcoin and other cryptocurrencies, the Federal Trade Commission said on Friday. The FTC, which requested a ...
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Florida citrus IT manager tied to cryptocurrency mining A Florida Department of Citrus employee is facing charges related to using the state agency's computers to mine for cryptocurrency. ( File photo ). A Florida Department of Citrus employee has been arrested on allegations of using state computers to mine for cryptocurrencies. The Florida Department of ...
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For the first time, a US city has banned cryptocurrency mining after large-scale operations used up ... It turns out that commercial cryptocurrency mining operations used up so much electricity that the city of Plattsburgh exceeded its allotted monthly budget of electricity. One single cryptocurrency mining operation called Coinmint used up around 10% of the city's allotted power supply alone in January and ...
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Who owns all the Bitcoin? A few billionaire whales in a small pond The recent correction didn't shake the biggest owners of cryptocurrency, however. A few crypto-whales are sitting on a stash of Bitcoin, Litecoin, and Dash worth billions of dollars, and they're not selling. Instead, most of them continue to buy, hoarding masses of cryptocurrency, gradually migrating Bitcoin ...
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