Steem’s troubles have woken up the crypto world to the inherent vulnerabilities of proof-of-stake-based systems
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The Steem Takeover and the Coming Proof-of-Stake Crisis
Category: mining
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$65M Investment Fuels Natural Gas Provider’s ‘Behind-the-Meter’ Bitcoin Mining Operation
On Thursday, a natural gas-based power plant in Dresden, New York, Greenidge Generation LLC, revealed the energy provider has the capacity to mine around $50,000 worth of bitcoins (5.5 BTC) every day. The 65,000 square-foot natural gas utility plant was upgraded when the firm installed 7,000 bitcoin miners that leverage some of the cheapest natural […]
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Riot Reports 147% Monthly Growth In Average Daily Run Rate of BTC Mined
In February, Riot Blockchain saw a remarkable increase in average daily run rate of BTC mined compared to last December
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New York Power Plant Mines $50,000 of Bitcoin a Day
A power plant in New York’s Finger Lakes region now mines about $50,000 of Bitcoin each day using the electricity it produces
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Canaan Used ‘Bogus’ Deal to Attract Investment, Argues Analyst
Canaan’s revenue promises are based on at least one bogus contract, according to analysts
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Cointelegraph Special Report: Coronavirus and Crypto in China
Cointelegraph interviews professionals working in the cryptocurrency industry in China to asses the effects of coronavirus on the local crypto economy
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Bitcoin Mining Investment Strong – BTC Hashrate Surpasses All-Time High
On Monday, March 2, miners processing blocks on the BTC network surpassed the network’s all-time high as the overall hashrate touched 136 exahash (EH/s). The record-breaking achievement happened despite the price of BTC dropping below the $9K region throughout the course of the last week. In four years’ time, BTC’s hashrate has risen over 13,500% […]
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Analyst Claims 98% of Mining Rigs Fail to Verify Transactions
Digiconomist’s founder has claimed the power expended in a single BTC transaction could power a British household for two months.
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Peter Thiel-Backed Startup Says Texas Is the Best Place to Mine Bitcoin
Layer1 is not the only mining company to launch flagship facilities in Texas, with Bitmain and Northern Bitcoin vying for their Texas-based operations to be the largest worldwide
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‘A Drop-in Replacement for ABC’ – BCH Devs Release Bitcoin Cash Node Software
On February 27, a group of developers behind the Bitcoin Cash Node implementation released the first version of the project’s codebase. The new client is essentially a drop-in replacement for Bitcoin ABC 0.21.0, as the code aims to disable the Infrastructure Funding Proposal (IFP). Also Read: BCH Funding Debate: Developers Plan to Launch IFP-Free Version […]
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