Bitcoin Mining

• Bitcoin’s fossil fuel use criticized. But some Canadian companies hope to turn it green

  Although Bitcoin mining has received a bad reputation for fossil fuel consumption, there are companies trying to run the industry on green energy.

  Canada

  May 13, 2021
  
• Lloydminster’s Upstream Data is mining for more than just black gold

  Upstream Data makes data centres that can be tied into oil wells and using the excess gas on-site, power the data centers which then mine for bitcoin.

  Canada

  Apr 22, 2021
  
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• Nova Scotia university forced to shut down entire network after attempted bitcoin mining attack

  A statement said the software attempted to utilize St. Francis Xavier University's "collective computing power in order to create or discover bitcoin for monetary gain."

  Education

  Nov 5, 2018
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• ‘Energy hunters’: Bitcoin miners search for cheap, innovative energy sources

  The CEO of Hut 8 Mining Corp. recently set up his company in Drumheller because its cheap electricity rates give him the biggest margins for his Bitcoin mining business.

  Economy

  Jan 28, 2018
• Japan cryptocurrency exchange hacked, $530 million goes missing

  Japanese media say an exchange has lost 58 billion yen ($530 million) in cryptocurrency because of hacking.

  Money

  Jan 27, 2018
• Bitcoin transaction fees, wait times are so high, some companies have stopped accepting them

  While doesn't look like you'll be transferring bitcoins to buy your morning coffee anytime soon, experts predicts that this day will come.

  Consumer

  Jan 26, 2018
• Why Canada is poised to become a prime destination for Bitcoin mining

  It won't be long before cryptocurrency mining operations want to set up shop in the true north strong and free — if they haven't already.

  Canada

  Jan 21, 2018
• Quebec poised to become bitcoin mining hub as China cracks down on energy-sapping miners

  Hydro Quebec, which offers some of the lowest electricity rates in North America, says numerous mining companies are considering moving their operations to Quebec.

  Canada

  Jan 18, 2018
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• Bitcoins stolen after cryptocurrency site NiceHash hacked

  The security breach compromised NiceHash's digital wallet, believed to be holding millions of dollars worth of bitcoins.

  Money

  Dec 6, 2017