The rise of major Bitcoin mining institutions is inevitable
2020 marks a new era for mining institutionalization, bringing with it both benefits and challenges. Go to Source Powered by WPeMatico
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China’s leadership in the Bitcoin mining industry will be challenged
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
S9 Resurrection: Higher Bitcoin Prices Allow Miners to Switch Outdated Mining Rigs Back On
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
Binance launches Ethereum Mining Pool with 0.5% fees
Binance users can now sign up to mine Ether, as well as Bitcoin, via the exchange’s mining pool. Go to Source Powered by WPeMatico
A New Bitcoin Mining Pool Claims It Has Tools to Censor Blockchain Transactions
A blockchain and technology company claims its new bitcoin mining pool is embedded with tools that enable the pool to censure transactions in the blocks they mine. According to a statement issued by the DMG, the parent company to Blockseer mining pool, this ability allows the latter to “exceed” the compliance requirements of the U.S. … Read more
Greener pastures: Bitcoin miners now looking beyond Chinese borders
Chinese crypto miners migrate seasonally from the southern regions in search of cheaper electricity. But is it always due to the climate? Go to Source Powered by WPeMatico
Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners
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
Erratic Processing Power: Bitcoin’s Hashrate Gains 45% in a Day, Then Loses 41 Exahash
Seven days ago Bitcoin’s network difficulty saw the largest drop in nine years as it slid over 16% last week. Similar to the crypto asset’s price, the hashrate has been extremely volatile according to statistics. After dropping to 111 exahash per second (EH/s), the network hashrate spiked a whopping 45% on Tuesday morning to 161 … Read more
Bitcoin fees plummet as mempool clears to zero
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
Grin network hit with 51% attack while GRIN token remains resilient
An unknown mining group currently controls more than half of the Grin blockchain’s hashing power. Go to Source Powered by WPeMatico