Crypto Mining Accepted as an Industry by Iranian Authorities
The Secretary of Iran’s Supreme Cyberspace Council revealed that the government has accepted crypto mining as an industry Go to Source Powered by WPeMatico
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Iran Officially Recognizes Cryptocurrency Mining
As economic sanctions start to bite, Iran is now looking to cryptocurrencies to ease the damage. The world’s third-largest oil-producer seeks to follow in the footsteps of Venezuela, which has issued an oil-backed digital currency called the Petro. But can Iran succeed where Venezuela is ostensibly faltering? Also read: As Zimbabweans Struggle for Cash, Even the … Read more
New Study Highlights the Many Positives of Bitcoin Mining
It’s become fashionable in public circles to bash Bitcoin on account of its energy consumption. Virtually every week, mainstream media (MSM) attacks bitcoin mining, painting alarmist pictures of a planet burning due to the ‘wasteful’ design of Proof of Work. The reality is less cut-and-dried. Bitcoin’s defenders have been hitting back lately, with one new … Read more
4 Bitcoin Mining Hardware Manufacturers Competing For the Industry’s Top Spot
Cryptocurrency mining manufacturers are vying for the top spot in the industry. Even though Bitmain remains the market leader, a fair few other companies are making inroads. The following companies, ranked in reverse order of market traction, are currently active in the world of commercialized Bitcoin ASIC mining. One can only hope more firms will … Read more
50 Percent Energy Rate Hike for Crypto Miners Approved in Central Washington State
The commissioners of a public utility district in central Washington State have unanimously approved a rate hike for cryptocurrency miners. The utility serves over 46,000 customers throughout the county. The cost increase starts at 15 percent beginning next year, 35 percent the following year, and 50 percent thereafter. Also read: 160 Crypto Exchanges Seek to Enter Japanese … Read more
24 Things About Bitcoin You Might Not Have Known
Even though Bitcoin is nearing its tenth birthday, a lot of people remain in the dark about the world’s leading cryptocurrency. That is rather worrisome, although there are helpful infographics to offer a quick recap of important facts. There is a lot more to Bitcoin than meets the eye. The Bitcoin Mystery Unveiled One of … Read more
Bitfi Closes Wallet Bounty Program, Removes ‘Unhackable’ From Branding
Bitfi has removed the “unhackable” title from its wallet and ended its bounty program after several reportedly successful attempts by researchers Go to Source Powered by WPeMatico
BitMEX Research: Future Success of Bitmain Depends on Skilled Management
BitMEX says that mining giant Bitmain has “legendary” potential, but future success will depend on management Go to Source Powered by WPeMatico
Report: Miner Spends Only $1567 per Bitcoin
Electricity is the number one cost for cryptocurrency mining, giving an edge to whoever can secure it for the lowest price. Bitfarms, which has access to cheap renewable energy in Canada, reports that mining a single BTC cost the company just $1567 in the first half of the year. Also Read: The Daily: Huobi Nears … Read more
Poland Introduces New Bill to Clarify Crypto Taxation
A long-awaited bill in Poland defines different types of crypto activities and imposes taxes on some revenues Go to Source Powered by WPeMatico