Old coal plant is now mining bitcoin for a utility company

The dirty secret to bitcoin’s huge power consumption is its massive power consumption. Computers around the world consume enough electricity to mine bitcoin. It is somewhere around the Netherlands and Poland, depending on how you estimate. Electricity has become so important that one private equity company owns a power station to mine bitcoin. Greenidge Generation claimed that they could mine one […]

Australian man Craig Wright’s claim he invented bitcoin to be considered by UK court

An Australian computer scientist who maintains he generated bitcoin is taking legal actions in the uk, which might induce the court to rule whether he’s really the cryptocurrency’s inventor. London’s high court this week let Craig Wright’s attorneys to pursue the operator and also writer of this bitcoin.org site, known as Cobra, more than what […]