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Tag: bitcoin mining

Bitmain, the largest mining hardware manufacturer made around $4 billion last year

BitcoinVenkatesh ThallamFebruary 23, 20180

Bitmain, one of the largest Bitcoin miner and hardware manufacturer has made around an estimated $4 billion in operating profits. The price of Bitcoin and other Cryptocurrencies have increased exponentially in the last year creating a great demand for GPU’S and ASIC based hardware miners. To have a comparison in terms of revenues, big companies…

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Energy Consumption from Bitcoin Mining needs to be taxed says a Silicon Valley Congressman

BitcoinVenkatesh ThallamFebruary 18, 20180

Hundreds of theories have been used to kill Bitcoin and write it off as non-viable technology, the latest among them is the energy consumption. The bitcoin non-believers have come up with a new argument that the energy consumed to do bitcoin mining is too much for it to viable in the longer term as it…

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