Cryptocurrency News
When it comes to mining various cryptocurrencies, there are many different factors to take into account. If it is not profitable to mine a currency at a specific moment, one’s best option is to either turn off the unit or mine something else. In the case of Bitcoin and Bitcoin […]
Bitmain has dominated ASIC manufacturing since it was founded in 2013. One man has been at the forefront of this domination, leading the company into the giant that it is today; Jihan Wu. However, it may not be so for much longer, with a Chinese publication revealing that a recent […]
Bitcoin’s energy-intensive mining process has been one of its greatest challenges and while various solutions have been proposed, none has quite solved the challenge. However, a group of farmers in a small village in Iceland have found an innovative way to earn cryptos while warming up their houses. The farmers […]
Well, after all the hype and hoopla stemming from bitcoin’s $100 spike roughly 24 hours ago, it appears we’ve been fooled once again. Bitcoin is back down to the $6,500 range, suggesting that the currency has truly found comfort in this area over the past few weeks and isn’t as […]
According to new figures provided by the US Energy Information Administration and obtained by Cleantechnica, an energy-focused publication, renewable energy sources surpassed nuclear energy sources in 2018, which could have a profound impact on the global crypto mining sector. For many years, especially in December of 2017 during the peak […]
Bitcoin mining can be a lucrative venture under the right circumstances. Most countries around the world lend themselves to this type of activity, including Norway. Unfortunately, it seems one particular operation may be shut down because it is generating too much noise for surrounding residents. Noise Is an Issue for […]
At press time, bitcoin is trading for just over $6,400. This is about $50 higher than where it stood yesterday. It’s easy to jump into the fray and assume that maybe, just maybe the market is improving once again, but we’ve seen this too many times to enter this conclusion […]
Cryptocurrency mining has gotten a bad reputation over the years. Experts and analysts often point to the vast electricity usage associated with this business. To counter those concerns, DMG Blockchain is now building its own electrical substation. It’s a very remarkable decision that could usher in a new era of […]
Cryptocurrency mining has always attracted controversy. This is primarily because so many people only see the negative side in terms of electricity usage. China is slowly ending all ‘unofficial’ domestic Bitcoin mining operations, and the territory of Xinjiang Uyghur is the latest to be affected. Removing Illegal Bitcoin Mining Firms […]
At press time, the father of cryptocurrency has jumped to $7,327. This is a massive increase from yesterday’s price, and a clear sign that bitcoin is strong enough to handle present resistance, which is set at roughly $6,800. Granted the currency can step beyond that level, we are likely to […]
At press time, the number one cryptocurrency in the world remains at $6,200. The coin has stayed in this position for more than 24 hours, giving us plausible evidence that perhaps things are beginning to settle… Unfortunately, one source is suggesting that another fall to $6,000 – or perhaps even […]
The state of New York doesn’t have the best of reputations when it comes to cryptocurrency. Its BitLicense requirement has made operating a crypto business very expensive and difficult. In an effort to turn things around, state regulators are now aiming to attract Bitcoin and altcoin miners. New York and […]
At press time, the father of cryptocurrencies has dropped down to about $6,400. That is roughly $200 less than where it stood yesterday afternoon. Enthusiasts everywhere were pleasantly surprised to see the currency spike to $6,600 just prior to the start of the week. However, things began looking a little […]
As more and more people join the cryptocurrency conversation, Bitcoin mining has been thrust into the limelight. And just like everything surrounding this inherently controversial industry, it’s shrouded in misconceptions. Bitcoin mining is disastrous for the environment. It’s expensive. It’s draining the earth’s natural resources. These are all valid arguments, […]
Even though Canada has become a very important country for cryptocurrency mining, it seems things are changing behind the scenes. The Quebec provincial regulator has decided to allow utility providers to hike electricity prices for Bitcoin miners. As such, the rates will be increased by up to 300%, which might […]
Even though there are a lot of debates taking place regarding Bitcoin mining, the network is in a good place. Regardless of energy consumption concerns, the overall hash rate has risen steadily over the past nine months. At this rate, reaching 45 exahash per second will not take all that long. […]
At press time, bitcoin has undergone no change since falling to $6,500 yesterday. It’s been a week of ups and downs for sure, and despite the low price, it’s a little refreshing to see bitcoin stay put for the time being. One source mentions bitcoin is at its lowest point […]
The bitcoin mining ecosystem has undergone some massive changes over the past eight years. During the initial stage of bitcoin mining, using a computer’s processor was more than sufficient. Later on, software was developed to allow for GPU-based mining. Eventually, computers were replaced by FPGAs and the now ever-present ASIC […]