Bitcoin mining smoking computer

Summer on Seneca Lake, the largest of the Finger Lakes in upstate New York, is usually a time of boating, fishing, swimming and wine tasting. But for many residents of this bucolic region, there's a new activity this season — protesting a gas-fired power plant that they say is polluting the air and heating the lake. They have increased the electrical power output at the gas-fired plant in the past year and a half and use much of the fossil-fuel energy not to keep the lights on in surrounding towns but for the energy-intensive "mining" of bitcoins. Bitcoin is a cryptocurrency — a digital form of money with no actual bills or coins. The computers earn small rewards of bitcoin by verifying transactions in the currency that occur on the internet around the world.

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Content:

• How Iceland became the Bitcoin miner’s paradise
• Good Money? Bitcoin mining and the future of money part 2
• Plans for a data centre near Clyde raise crypto-mining concerns
• Smoke Loader: Crypto Mining Malware Remains a Very Serious Threat
• The Utility of Natural Ventilation Systems in Data and Crypto Mining Centers
• Assessing cryptocurrency with Yale economist Aleh Tsyvinski
• Cryptocurrency miners in Youtube ads
• One Per Cent
• Cryptocurrency mining malware has infected over 1.65 million computers this year
• Smoking Out the Rarog Cryptocurrency Mining Trojan

WATCH RELATED VIDEO: I Mined Bitcoin On My Computer For 1 Week

How Iceland became the Bitcoin miner’s paradise

Fred Lambert. Now the bitcoin world is even encroaching in the Tesla world as a Model S owner built a cryptocurrency mining rig in his electric car. For those not familiar with bitcoin and other cryptocurrencies, they require crowdsourced computing power to process transactions and maintain the blockchain, which acts as a ledger of the entire currency. At the core of it, it comes down to computing hardware and electricity. You want to maintain those costs as low as possible in order to keep your mining profitable.

But that would require Tesla to enable access to that computer and I think most people would agree that it is better left to be used by the Autopilot, which powers some important active safety features. What advantages this setup would have to offer over a regular in-home mining rig?

The idea was suggested in order to use the free access to electricity with the Supercharger network. Of course, that presents its own issues. Finally, that rig would create a lot of heat inside the Model S. What do you think? A cool but useless experiment or a project with potential?

Let us know in the comment section below. FTC: We use income earning auto affiliate links. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter , Facebook , and LinkedIn to stay in the loop. Check out our YouTube channel for the latest reviews. Guides Tesla Tesla is a transportation and energy company. It sells vehicles under its 'Tesla Motors' division and stationary battery pack for home, commercial and utility-scale projects under its 'Tesla Energy' division.

The Tesla Model S is an all-electric luxury sedan and the first vehicle developed from the ground up by Tesla. The Tesla Roadster was the first vehicle developed by Tesla, but it was based on a chassis by Lotus. Through Zalkon. You must be logged in to post a comment. November 29, Also, it would require an increased use of the battery pack, which is not good for durability.

You can send tips on Twitter DMs open or via email: fred 9to5mac. Fred Lambert's favorite gear. Get interesting investment ideas by Fred Lambert. Loading Comments

Good Money? Bitcoin mining and the future of money part 2

A little while ago, I heard something really interesting about bitcoin. We've done a bunch of podcasts about bitcoin. You know, it's this entirely new digital form of money. But this thing I learned, it made me think about the whole project in a completely different way. Bitcoin - it is having some problems.

Plans for a data centre near Clyde raise crypto-mining concerns

The huge carbon footprint of Bitcoin and its ilk means the colour of digital money is a sooty grey. Researchers have found a way to make virtual greenbacks actually green. Fans of the virtual tender rejoiced. For many it signalled the moment cryptocurrencies moved from the shadowy fringes into the mainstream. The value of Bitcoin and Tesla shares surged. Several weeks later, on 13 May , Musk cancelled his plan. The reason? Bitcoin is a major contributor to the climate crisis. According to Cambridge University's Centre for Alternative Finance, the computing power required to produce the cryptocurrency uses more electricity each year than Malaysia or Sweden. Most of this is drawn from coal-guzzling furnaces in China.

Smoke Loader: Crypto Mining Malware Remains a Very Serious Threat

AN inferno at a block of flats is believed to have been caused by overheating computers in an illegal bitcoin mining factory. The night-time blaze in eastern Russia destroyed eight apartments and flooded dozens more as firefighters tackled the flames. Pictures after it was put out showed charred computer equipment found on the top floor- said to have been used for "mining" the virtual currency. The Emergencies Ministry confirmed: "We have spotted something which looks like mining equipment.

The Utility of Natural Ventilation Systems in Data and Crypto Mining Centers

A view shows smoke billowing from inside a building that houses several TV and radio stations following the protests triggered by fuel price increase, in Almaty, Kazakhstan January 6, LONDON, Jan 14 Reuters - Kazakhstan may no longer be the bitcoin sanctuary it once was, according to some big miners who are looking to leave the global crypto hub following internet shutdowns last week that compounded fears about tightening regulation. Yet the resumption of operations may belie problems to come for the fast-growing cryptocurrency industry, according to four major miners interviewed by Reuters, with some saying they or their clients may look for other countries to operate in. The internet outage compounded growing concerns about the stability and prospects of the business as tighter government oversight looms, the miners said. Vincent Liu, a miner who moved operations to Kazakhstan from China to take advantage of the country's cheap power, said the changing environment had led him to look at shifting operations to North America or Russia.

Assessing cryptocurrency with Yale economist Aleh Tsyvinski

Up in smoke. Looks like a warehouse in Thailand full of Bitcoin-mining machines caught fire. Local media and Bitcoin websites suggest that the facility, packed with over computers connected to the Bitcoin network, went up in flames on 7 November. The machines mined Bitcoins by solving cryptographic puzzles. The fire has been blamed for a sudden slowdown in activity on the Bitcoin network.

Cryptocurrency miners in Youtube ads

Given the current trends in Bitcoin mining, Chinese researchers estimate that the energy consumption from this process in their country alone will peak in at The annual energy consumption of the Bitcoin blockchain in China is expected to peak in at Image credit: Aaron Olson.

One Per Cent

RELATED VIDEO: Inside Iceland's Massive Bitcoin Mine

He plans to buy two bitcoin mining machines — basically boxes stacked with computer processing power — and bolt them to the side of the house in Kellyville, Sydney. From the mining machines he wants to run two cables: one to the roof where it draws energy directly from the solar panels there, the other to the pool, offloading the excessive heat generated by the constant mining. Like most crypto players who have spent time on the engineering side of things — building blockchains , tokenising systems, establishing markets — Sergienko is easily exasperated by inefficiency. Sergienko makes his Young Rich List debut at No. Dominic Lorrimer. It may as well be used to make some money.

Cryptocurrency mining malware has infected over 1.65 million computers this year

A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, May 21 Reuters - On U. They are using stray natural gas unwanted by oil companies to power their search for another treasure: cryptocurrencies like Bitcoin. Cryptocurrencies are virtual coins exchanged without middlemen, such as central banks, to purchase goods and services. Extracting the currency from cyberspace, however, requires vast amounts of often-expensive electricity.

Smoking Out the Rarog Cryptocurrency Mining Trojan

Microsoft discovered a quick-spreading cryptocurrency-mining malware that got into half a million computers in under 12 hours. The good news is, they were able to block the malware for the most part. On March 6, an initial detection of at least 80, occurrences transpired — and within half a day, another , occurred. The Microsoft team behind the discovery also saw how the digital currency mining payload quickly spread throughout Russia, Turkey, and Ukraine.