mining

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BTC Hashpower Doubles During Bear Market as Miners Sacrifice Profit for Position

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According to Fundstrat analyst Sam Doctor, it appears Bitcoin Core (BTC) hashpower has doubled since just before the start of summer. That figure is impressive considering the lingering and deep bear market. “Even with upgrades to existing equipment, implies almost 1GW of new power consumption vs 5.2GW in May ’18m” Mr. Doctor tweeted. “Breakeven now … Read more

Josh Garza Sentenced to Prison and Fined $9M over GAW & Paycoin Scam

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U.S. Attorney’s Office District of Connecticut has announced Homero Joshua Garza (Josh Garza) has been sentenced to “21 months of imprisonment, followed by three years of supervised release, the first six months of which [Mr. Garza] must spend in home confinement, for his role in his companies’ purported generation and sale of virtual currency.” The … Read more

Russia Developing Own Mining Pools

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The Russian crypto association is working on two projects to create mining pools offering better conditions to the local mining companies. The industry has seen robust growth with 70,000 enterprises currently operating in the field. Miners are taking advantage of the cheap electrical energy produced in Russia. Many companies believe it’s time to legalize all … Read more

Bitcoin Hits $24,000 In Iran After Government Okays Mining

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The world’s most expensive bitcoin core (BTC) price is in Iran. A combination of high foreign currency demand, economic sanctions and an improved regulatory environment – with some speculation – have sent the price of the leading digital currency skywards. How high can it go? Also Read: Iran Officially Recognizes Cryptocurrency Mining Falling Rial, New Policy … Read more