Cryptocurrency News
Cryptocurrency mining has revolutionized the way digital transactions are processed and secured. It involves the use of powerful computer systems to validate and record transactions on a blockchain network. While the process offers lucrative rewards, it also comes with its fair share of challenges. The Mining Process The mining process […]
Bitcoin is a virtual or cryptocurrency which is extremely simple to send or receive. The transaction is as simple as sending or receiving messages. Like any other currency, bitcoin can be used to buy things, or booking etc. The major difference between any usual currency and bitcoin is that bitcoin […]
Bitcoin mining is widely considered to be harmful for our planet’s ecosystem. A new report by Coin Shares tells a different tale, as most of the mining efforts hinge on renewable energy sources. Bitcoin mining operators always seek out cheap electricity rates. Renewable Energy is Crucial for Bitcoin Mining The […]
It was to be expected that the coronavirus crisis would have a big impact for most businesses around the world. Even Bitcoin mining farms are now being affected, resulting in multiple people losing their job. The coronavirus crisis has taken the entire world by storm, but not in a positive […]
Setting up a reliable and profitable Bitcoin mining operation is never easy. In Texas, there may be plenty of opportunities ahead. Finding a reliable source of electricity at a low cost can be a steep challenge. The Future of Bitcoin Mining in Texas That process hasn’t become easier since various […]
Bitcoin mining has proven to be extremely centralized. Layer1 Technologies, an American firm, aims to change that narrative over the coming years. Most people may not be familiar with Layer1 Technologies just yet. An Ambitious Plan for Layer1 Technologies The company is only now rolling out its Bitcoin mining operation […]
The coronavirus has affected many aspects of life in China. Contrary to what most people assume, it can affect Bitcoin mining operations as well. One mine located in a remote suburb has been shut down as a precautionary measure. Coronavirus and Bitcoin Mining It appears the mine is operated by […]
Known as digital gold, Bitcoin (BTC) is the most well-known cryptocurrency. Since the moment the Bitcoin network came into existence back in 2009, this crypto coin already had a value associated with it. But how are new coins generated? Bitcoin mining is the computational process that solves mathematical calculations to […]
Mining if the lifeblood of many top cryptocurrencies. This is especially true for Bitcoin, as miners validate transactions and protect the network at the same time. Not every project in this space is legitimate, however, Bcause Mining is one interesting example. Despite receiving a grant from a US city, they […]
The curious case of Bitcoin’s hashrate spike and dip continues unabated. Earlier this week, the network lost nearly 25% of its hashpower overnight for no specific reason. While the circumstances remain vague, the network saw a new all-time high hashrate spike in the past day. That in itself shows people […]
The future of Bitcoin mining remains rather uncertain. It is still profitable to do so, yet very few new players seem to enter the market. Northern Bitcoin AG, a German firm, is looking to enter the market with a new setup. By combining a new container solution with innovative air […]
Mining cryptocurrencies often requires a lot of dedicated hardware. Even where most altcoins are concerned, it is not just a matter of turning on one’s computer to make money. Interestingly enough, it seems an Apollo Guidance Computer is more than capable of mining Bitcoin. It will not yield any major […]
Bitcoin is a very unique form of money which is often misunderstood. Especially when it comes to mining cryptocurrencies, there are a fair few misconceptions. In Iran, the mining of cryptocurrency has turned into a political debate. Despite there not being any official law prohibiting this industry, several hundred miners […]
It has been at least a few months since the last condemning report involving Bitcoin mining was published. A new report published in Joule claims the emission of Bitcoin miners is getting out of hand rather quickly. So much even that it allegedly puts out as much CO2 per year […]
Any news coming out of China tends to trigger some cryptocurrency market momentum. In recent years, most of the news has been negative, which won’t surprise too many people. In the most recent development, it would appear China’s state planner wants to put an official end to Bitcoin mining in […]
At press time, the father of crypto has broken its present resistance level and moved beyond the $4,000 mark (bitcoin is currently trading for roughly $4,043). The currency has interestingly moved head in price, but it’s also bolstered forth in other ways as well. Many analysts claimed that bitcoin mining […]
At press time, the father of cryptocurrency is trading for just over $3,800. This is about $100 less than where it stood during our previous price article, and it is unlikely bitcoin will undergo another price rally anytime soon. Bitcoin has fallen so badly that many cryptocurrency mining companies are […]
The mining profitability of Bitcoin and its major “clones” has been a topic of debate for some time now. While it was evident Bitcoin would be the most profitable currency to mine for the longest time, that is not necessarily the case any longer. Both Bitcoin Cash and Bitcoin Cash […]