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A U.S. publicly-listed Chinese sports lottery firm is extending its arms into the crypto industry by announcing another related maneuver. 500.com Ltd announced it has acquired Btc.com, the well known bitcoin mining pool. Jihan Wu Is the ‘ Biggest Beneficial Owner’ of the Mining Pool Per the announcement, the online lottery service provider bought the … Read more
The price of bitcoin touched an all-time high surpassing the $50k handle on February 16, 2021. Cryptocurrency advocates celebrated the milestone as bitcoin has spiked more than 200% during the last 90 days and 400% against the U.S. dollar for the entire year. Bitcoin (BTC) has crossed the psychological $50,000 zone after fighting the region … Read more
After corporate infighting temporarily halted chip shipments in 2020, Bitmain’s Antminer team says business will resume as normal following former CEO Jihan Wu’s departure. Go to Source Powered by WPeMatico
There’s a new type of token gaining popularity in the crypto space with the launch of coins that are backed by a specific amount of proof-of-work (PoW) hashrate. On January 6, 2021, Binance launched a new project called the bitcoin standard hashrate token (BTCST), a coin that represents 0.1 terahash (TH/s). Furthermore, the mining operation … Read more
The Bitcoin network’s hashrate has been operating at very high processing speeds during the last few weeks, as the overall hashrate touched a whopping 171.2 exahash per second (EH/s) on Monday. Moreover, the network’s mining difficulty has also touched an all-time high (ATH) at 20.61 trillion, the highest difficulty the network has ever experienced in … Read more
Bitcoin price may have hit a multi-year high, but numerous fundamental factors signal that even better days are ahead. Go to Source Powered by WPeMatico
Crypto analysts are pushing back against the narrative that the current BTC rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by an ongoing regulatory crackdown in that country, has reportedly left miners unable to sell their BTC holdings. Miners Are Selling The analysts … Read more
Where can you mine Bitcoin and Ether in 2020? Here are the top tips about mining pools and what you need to know before joining one of them. 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
The launch of a new ‘censored’ mining pool has some Bitcoiners worried its a harbinger of things to come. Go to Source Powered by WPeMatico
