Bitcoin Network Braces for Notable Difficulty Increase in 3 Days

Bitcoin Network Braces for Notable Difficulty Increase in 3 DaysBitcoin’s mining difficulty, the measure of how difficult it is to find a new block and add it to the blockchain, is set to increase significantly on Jan. 15, 2023, according to current estimates. At the time of writing, Bitcoin’s mining difficulty appears to be on track for a 10% increase, rising from 34.09 trillion […]

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Kenyan Firm Using Wasted Energy to Mine Bitcoin — Business Model Said to Potentially Help Decentralize Mining

A Kenyan bitcoin mining company, Gridless, recently revealed how it is helping local communities reduce electricity costs by using excess generated power to mine bitcoin. The Gridless model has been hailed because it potentially helps to decentralize bitcoin mining as well as move some hashpower to Africa. Using Wasted Energy to Mine Bitcoin Gridless, a […]

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Nicehash Crypto Mining Pool ‘Fully’ Reimburses All Users Affected by 2017 Hack

Nicehash Crypto Mining Pool 'Fully' Reimburses All Users Affected by 2017 HackA Slovenian cryptocurrency mining pool and trading platform announced that they’ve managed to fully compensate their users affected by a hacking attack that took place in December 2017, which took over 4,600 bitcoins. Nicehash ‘Fully’ Reimburses Users Affected in 2017 Hack According to the letter published by Martin Škorjanc, CEO of Nicehash, the company “fully” […]

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Nicehash Returns 60% of Coins Stolen in the Hack

Nicehash Returns 60% of Coins Stolen in the HackNicehash, the cloud mining service that got hacked in December, has returned 60 percent of the stolen bitcoins, according to local media. After the cyberattack last year, the Slovenian company promised to fully reimburse its customers and has been doing it on a monthly basis. The police investigation into the case is still ongoing.    […]

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Classic Mainstream Media Clickbait Scare Resurfaces: ”Chinese Government Can Take Over Bitcoin”

Another Mainstream Media Clickbait Scare: ”Chinese Government Can Take Over Bitcoin”The latest story (again) on mainstream media meant to scare away uninformed people from using bitcoin is about the possibility of China taking over the cryptocurrency. This particular FUD (fear, uncertainty and doubt) meme was also publicized widely in 2015 and 2016. Also Read: The Psychology of the Cryptocurrency FOMO-FUD Cycle Has Been Weaponized Scare […]

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