While Bitcoin is growing and miners are increasing their mining capacity, the question “What is happening to our most valuable resource – the environment” remains open. Is it true that mining is a thr...
Tag: Mining
Bitcoin Mining Stocks Lose 50-60% Value Since Crypto Price Peak
Bitcoin mining stocks have drastically collapsed since November following the effect of the hashrate’s 23% growth and bitcoin’s downtrend on the miner’s rewards. Mining Stocks Sharp Decline Arcane Res...
Russian Ministry Pushes To Legalize Bitcoin Mining In Some Areas
Russia’s Ministry of Economic Development recently introduced a proposal to explicitly legalize and tax Bitcoin mining in regions with an electricity surplus. It says Bitcoin mining, which exists in s...
Bitcoin (BTC) Versus Ethereum (ETH) Mining Revenue: Who Comes Out on Top?
Bitcoin miners took a back seat in mining profitability during the month of January as ethereum miners saw a 20% increase in revenue over bitcoin miners. January proved to be a tough month for bitcoin...
KryptoVault Proves Bitcoin Mining Can be Sustainable
KryptoVault is smashing the mining naysayers out of the park with its sustainable operation that helps put Norway’s hashrate at 0.3% of the global computing grunt. KryptoVault is helping the sustainab...
Russia Ministry of Economic Development wants to legalize Bitcoin mining
The Russian government is going all in on cryptocurrencies. Shortly after announcing the country would regard Bitcoin and other cryptocurrencies as currencies, the country now wants to legalize Bitcoi...
Monero community concerned as leading mining pool nears 51% of ecosystem’s total hash rate
On Tuesday privacy coin Monero (XMR) mining pool MineXMR’s hash rate surpassed over 1.4 GH/s, accounting for 44% of the hash rate of the XMR network. MineXMR has about 13,000 miners and charges ...
Intel introduced Bitcoin Mining Chip: Energy-efficient and super fast
Intel Corp announced the release of an energy-efficient super-fast processor chip for blockchain applications on Friday. Users will be able to purchase Intel’s “blockchain accelerator,” which is suppo...
Bitcoin is mined with waste gas in Texas
Yesterday, the New York Post published an article telling the interesting story of two young men from Texas who became millionaires thanks to Bitcoin mining. How two Texas 23-year-olds became million...
Mining pool controls 44% of Monero’s hashrate- The Cryptonomist
Mine XMR, the largest Monero mining pool, is reportedly very close to controlling 50% of the network’s hashrate. Monero community apprehensive After IT security company Sophos discovered a dangerous ...
Crypto Trading: Hungary’s Central Bank Chief Wants Full Ban On Crypto Trading And Mining
Regulators’ constant negativity continues to dominate the crypto news media. Governments have begun to consider countermeasures to crypto trading, with crypto mining becoming a hot topic as well. Györ...
Bitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining Profits – Coinotizia
After Bitcoin’s mining difficulty jumped to the highest value ever at 26.64 trillion, the overall hashrate slumped a hair due to the rise in difficulty and lower bitcoin price. This weekend, Bitcoin’s...
Monero Supporters Beg XMR Miners to Boycott Mining Pool Capturing 44% of the Network Hashrate – Mining Bitcoin News
Reports indicate that the Monero community is upset about a specific mining pool that currently commands 44% of the network’s hashrate. Supporters are asking mining participants to leave a mining pool...
Intel’s crypto mining chip coming by 2022
Intel’s new high-efficiency chip for cryptocurrency mining will arrive in late 2022. Intel invests in blockchain That was confirmed by Senior Vice President and General Manager of Intel’s Accelerated...
Bitcoin Hashrate Surges Tapping Lifetime High, Foundry Commands Top Mining Pool Rank for 30 Days – Mining Bitcoin News
The processing power backing the Bitcoin network has tapped another all-time high (ATH) in 2022, reaching 246 exahash per second (EH/s) on February 12. After the network reached an ATH on January 15, ...
Concerns grow over Monero mining pool with 44% of its hash rate
advertisement Monero mining pool MineXMR now controls 44% of the privacy coin’s hash rate, a position that some think carries potential risks for the network’s security. MineXMR, the largest Mon...
U.S. is now the ‘Bitcoin mining capital of the world:’ GEM Mining CEO
China made headlines in 2021 when it first banned all domestic cryptocurrency mining in June and then outlawed cryptocurrencies completely in September. Following Beijing’s decision, questions remaine...
Intel’s Bitcoin Mining Chip to Be 1000 Times Faster than Closest Rivals, Claims VP
Intel Corp on Friday announced the launch of an energy-efficient super-fast processing chip for blockchain applications. Billed to be 1000x faster than its nearest rivals, Intel’s “blockchain accelera...
4 factors to consider when choosing an industrial-scale Bitcoin mining location
Large-scale miners are the dominant players in Bitcoin (BTC) mining — we should know because we are one. Having scaled up from a set of mining rigs in my dorm room, our team at Genesis Digital Assets ...
Bitcoin Mining Hash Rate Spikes by 30% in 24 Hours
Over the last 24-hours, Bitcoin’s network hash rate rose by 31.69% to reach 248.11 EH/s, further ascertaining the resilience of the network against possible exploitation during the mining process. The...
Intel Corporation to Enter the Mining Chip Race
Could Intel’s launch of a blockchain-focused chip spell doom for Bitmain? Difficult to say, but there are signs to say Intel is taking this space seriously. Bitcoin mining first used Central Processin...
Intel Officially Moves into Crypto Mining Initiative
Intel, the leading global chipmaker, officially announced on Friday its entry into the crypto mining Crypto Mining Cryptocurrency mining is defined as the process through which the transactions of...
Hungary’s Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining – Bitcoin News
The governor of Hungary’s central bank has called for a ban on cryptocurrency trading and mining in the European Union. “It is clear-cut that cryptocurrencies could service illegal activities and tend...
How Texas is becoming a bitcoin mining hub
There are thousands of pounds of bitcoin mining equipment still in transit from China to Texas, part of a multi-month caravan, as Texas Governor Greg Abbott makes courting the bitcoin industry a pinna...
Intel Blockchain Chip: The New Crypto Mining Revolution Likely To Begin
With the rise in popularity and value, many people turn to cryptocurrencies like Bitcoin. So it’s no wonder that Intel has announced a new chip for blockchain applications like NFT’s minting and Bitco...
It’s Time the Mining Sector Fights Back Against Unsustainability Claims, Says Kryptovault CEO
Norway’s largest Bitcoin miner, Kryptovault says that it’s time to change the narrative about mining’s energy usage and contribution to pollution. Generally, mining has been portrayed throughout the i...
Intel to Develop Crypto Mining Accelerators, Claims Circuits Will Deliver ‘1000x Better Performance per Watt’ – Mining Bitcoin News
The California-based technology company and the world’s largest semiconductor chip manufacturer by revenue, Intel, has revealed the company will “contribute to the development of blockchain technologi...
Hungary’s central bank chief wants EU-wide crypto trading and mining ban
György Matolcsy, Governor of the Hungarian National Bank, has proposed a blanket ban on all cryptocurrency trading and mining operations across the European Union. Governor Matolcsy cited the recent ...
Opinion: Why gold isn’t likely to be a safe haven for your money if Russia invades Ukraine
Gold is rallying now but don’t be surprised to see prices fall if Russia invades Ukraine. That’s because the price of gold GC00, +0.17% usually declines in the wake of geopolitical crises. Investors b...