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Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies are working to expand the niche and U.S.-based EZ Blockchain shared […]
The post Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin appeared first on Bitcoin News.
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Satoshi Nakamoto’s Bitcoin technology has inspired a lot of innovation spawning a myriad of tokens representing digitized assets. There are now token creation systems on blockchain networks like Omni Layer, Counterparty, and Ethereum. Each framework comes with the cost of sending tokens and right now the Simple Ledger Protocol is one of the cheapest most […]
The post Tokens Built on Bitcoin Cash Are Cheaper to Send Than Those of Rival Networks appeared first on Bitcoin News.
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Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus to mine cryptocurrencies. This new business is growing […]
The post Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint appeared first on Bitcoin News.
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Ethereum is one of the more interesting blockchain and cryptocurrencies ecosystems next to Bitcoin. Even so, there are genuine concerns over its capabilities to scale or reduce overall transaction costs. It appears a solution has come to market which allows users to tokenize Ethereum Gas as they see fit. There are a lot of interesting aspects to this concept, albeit it remains to be seen if and how it will be used accordingly. Teaching a Valuable Lesson About Gas Most people who use Ethereum or purchase ETH don’t have the faintest idea what gas really is. Even though it is
The post 4 Reasons why Tokenizing Ethereum Gas Makes Perfect Sense appeared first on The Merkle Hash.
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Weekends often result in unusual phenomena where cryptocurrency trading is concerned. Several markets have risen by over 30% in value today, even though there is zero reason for any of them to do so. The NEO Gas price is currently on quite the tear, as its value continues to rise. A peculiar development, as this utility token has now re-entered the market cap top 100. Gas Price is Moving up Swiftly In the cryptocurrency world, there is hardly ever a boring day. Although not all market momentum might make sense at first, one sometimes has to take the profits when
The post GAS Price Gains 40% yet no one can Explain why appeared first on The Merkle Hash.
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Dealing with the vast influx of new cryptocurrencies can be a big challenge for novice users. Things only get more confusing when that specific currency has more than one native token. In the case of NEO, there is the main NEO currency, as well as GAS. Both form an integral part of the ecosystem as […]
The post NEO vs GAS Explained appeared first on NullTX.
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The U.S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.” The token sale failed to raise money but the tokens were issued as part of a bounty program, which […]
The post SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token appeared first on Bitcoin News.
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Another month, another almighty congestion on the Ethereum network. Gas prices have soared this week, passing 500 gwai at one stage, before settling on a still-pretty-substantial 56 gwai. As a result, the average transaction cost is $0.49, making it more expensive to send crypto on Ethereum than on other major blockchains such as BTC or […]
The post Rogue App Wreaks Havoc –Transaction Costs Soar as the Ethereum Network Slows appeared first on Bitcoin News.
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Move over Cryptokitties. The ethereum network has a new batch of games to blame for rising gas fees. Over the past week, the viral success of dapps such as Ether Shrimp Farm, Ether Cartel, and Pepe Farm has congested the ethereum blockchain, questioning its readiness for enterprise adoption. Also read: Cryptocurrency is Property in Russia, Justice […]
The post Shrimp, Frogs, and Drugs Are Clogging the Ethereum Blockchain appeared first on Bitcoin News.
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It’s amazing what a fat green wick can do. In just 30 minutes on Thursday, bitcoin rose by $1,000, sparking ear-to-ear smiles and mass euphoria throughout the crypto space. In today’s edition of Bitcoin in Brief, we explore the ramifications of the BTC breakout plus a whole lot more. Also read: Bitcoin in Brief Thursday: Crypto […]
The post Bitcoin in Brief Friday: That Green Candle appeared first on Bitcoin News.
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