Chia network not so green? CPU mining reportedly destroys SSD in weeks
If you want to save the world, it’s going to take a lot of hard drives. Go to Source Powered by WPeMatico
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Report: China’s Bitcoin Hashrate Dominance Dives, ‘North America Could Steal the Lead’
A newly published regional report shows that China’s hashrate has likely dropped to 55% while the U.S. has climbed to 11%. Another study predicts that it’s possible North America could overtake China in terms of hashrate by the end of 2021. Bitcoin Mining Farm Operator Says Mining Industry in North America Is Booming For years … Read more
Alipay set to allow users test China’s digital yuan
China’s e-payment giant will allow some users to link their accounts to the country’s digital yuan app. Go to Source Powered by WPeMatico
China’s Digital Yuan Smart Card to Feature Biometrics and Fingerprint Scanning
The People’s Bank of China’s upcoming digital yuan card will feature IDEX Biometrics and fingerprint scanning, according to regional reports. China’s “Digital Currency Electronic Payment” or DCEP is getting closer toward launch by the day. Last week, smart card manufacturer Chutian Dragon and IDEX Biometrics announced the companies are working on a digital yuan payments … Read more
Signs the Bitcoin hashrate is starting to move away from China
The U.S. is slowly increasing its share of the Bitcoin hashrate. Go to Source Powered by WPeMatico
Digital Yuan Launch Draws Near: JD.com Employees Paid in e-CNY, Tencent, Ant, Mastercard Engage With PBoC
China, the world’s most populous country, has jumped leaps and bounds in comparison to a great number of other countries when it comes to the creation of a central bank digital currency. As each day passes, China’s digital yuan is seemingly getting closer to large-scale adoption, as big-name corporations like the e-commerce giant JD.com, Mastercard, … Read more
2021’s Largest Epoch Drop: Bitcoin Network’s Mining Difficulty Dips Over 12%, Hashrate Nears 200 Exahash
Bitcoin’s mining difficulty has seen a massive drop this week, as the metric slid 12.6% and was the largest difficulty drop in 2021. The mining difficulty decline follows the recent electrical outages in China which had affected the network’s hashrate to some degree. Following the difficulty drop, Bitcoin’s hashrate is climbing northbound again nearing the … Read more
Rolling up the sleeves: China’s tech giants drive digital yuan adoption
CBDC tests are proceeding toward deployment, as Chinese internet, fintech and e-commerce giants are leading the digital yuan vanguard. Go to Source Powered by WPeMatico
Fed Chair Jerome Powell Says Dogecoin and Gamestop Hype Highlights ‘Froth in Equity Markets’
Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings. The central bank’s lead executive was asked about feverish stocks like Gamestop shares and the crypto asset dogecoin. Powell said that the Federal Reserve aims … Read more
Bitcoin mining in China set for ‘stricter supervision’ due to carbon concerns
China is reportedly paying more attention to the crypto mining sector, amid concerns of its growing carbon footprint. Go to Source Powered by WPeMatico