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Bitcoiners on social media have panned remarks by acting U.S. currency comptroller Brian Brooks that bitcoin is owned by China due to the country’s disproportionate share of the crypto’s mining power. The bitcoiners argue that the disproportionate number of miners stationed in China only means the corresponding block rewards will reflect this imbalance. They add … Read more
Bitcoin mining revenue has topped $20 million per day, its highest level this year. Go to Source Powered by WPeMatico
Bitcoin exchange reserves dropped from 2.5 million to 2.355 million in the past month as around 145,000 BTC, worth $2.35 billion, moved out of exchanges. Go to Source Powered by WPeMatico
2020 marks a new era for mining institutionalization, bringing with it both benefits and challenges. Go to Source Powered by WPeMatico
China has a lot of advantages in the Bitcoin mining industry, though it won’t last forever, as more countries are entering the space. Go to Source Powered by WPeMatico
With bitcoin prices hovering over a certain handle, a great number of old ASIC mining rigs manufactured years ago are starting to become profitable again. Reports indicate that in China, where the average electricity cost is around $0.06 per kilowatt-hour (kWh), miners are starting to leverage old miners manufactured by Canaan, Bitmain, and others. Chinese … Read more
Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators. According to one report that quotes an anonymous source, the objective of this meeting is to discuss … Read more
A new WEF report touts blockchain technology as a cornerstone of environmental sustainability. Go to Source Powered by WPeMatico
Reduced mempool activity not only results in reduced fees but gives users a chance to perform transactions that may not otherwise be practical. Go to Source Powered by WPeMatico
Miners are likely starting to sell some BTC at this point. Go to Source Powered by WPeMatico
