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Bitcoin Hash Rate ‘Not Affected’ as China Floods Knock Out Miners
21.8.2019
Bitcoin shakes off new miner outages after China floods
Bitcoin Miners Halt Operations as Rainstorm Triggers Mudslides in China
21.8.2019
A severe rainstorm in China's southwest has led to fatal mudslides, causing some local hydropower plants and bitcoin miners to halt operations
High-Powered Mining Rigs Drive Bitcoin’s Accelerating Hashrate
20.8.2019
On August 19, the combined SHA-256 hashrate between the BCH and BTC networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant number of terahash....
Top 7 Youngest Crypto Miners Under 20
16.8.2019
Hardly anyone refrained from considering investing money in cryptocurrency during its epic rise in price last year. Many people decided that they could even get a loan to spend it on cryptocurrencies. However, the most significant thing was not only about buying and selling Bitcoins. The most...
Bitcoin Mining Industry’s Exponential Growth Just Won’t Stop
11.8.2019
A decade ago when Satoshi Nakamoto unleashed the Bitcoin network, the security behind the protocol was guarded by only a few miners. These days, mining the SHA-256 algorithm has become a thriving industry that hasn’t stopped growing. Also Read: Exploring the SLP Token Universe Built on...
Litecoin Just Halved Its Crypto Rewards for Miners
5.8.2019
Litecoin, the fourth-largest cryptocurrency by market value, has just reduced its block reward for miners by half
Computing Power of Bitcoin Establishes New Record with 100K+ Miners Online
5.8.2019
The aggregate computing power that goes into securing the blockchain of bitcoin has established a fresh record. As per the data released by BTC.com, a mining service operator, the average hash rate for bitcoin mining has hit 71.43 quintillion EH/s (hashes per second) over the period of the past...
Bitcoin’s Computing Power Sets Record as Over 100K New Miners Go Online
5.8.2019
The total computing power now dedicated to securing the bitcoin blockchain has set yet another record
Importer of Bitmain’s Bitcoin Miners Draws Criminal Investigation in Russia
31.7.2019
An importer of Bitmain's bitcoin miners is under investigation for underpaying customs fees, a search warrant obtained by CoinDesk reveals
Btc.top CEO Highlights the Benefits and ‘Golden Mean’ of Bitcoin Cash
27.7.2019
On July 23, the CEO of Btc.top, Jiang Zhuoer, debated Nchain’s chief scientist Craig Wright in regard to the civil war between BCH and BSV that took place in November. Amid the debate hosted by Bitkan, Zhuoer highlighted the top three advantages tied to the Bitcoin Cash ecosystem. During...
How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste
22.7.2019
We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining...
China: Blockchain Tourism Initiative Launched, Bitcoin Miners Busted
22.7.2019
Yunnan Province, China. China’s crypto-crackdown remains firmly in place, but interest in all things blockchain and cryptocurrency-related remains high in the Middle Kingdom.
Per Xinhua, tourists and tour operators visiting attractions in the Yunnan Province will soon be able to obtain...
7 Unorthodox Ways to Mine Bitcoin
20.7.2019
Bitcoin isn’t crazy – in fact it might just be the soundest monetary system this generation has ever known. Some of the techniques miners have devised to extract it, however, are extremely unorthodox, ranging from the ingenious to the downright crazy. Here are seven of the strangest...
Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status
13.7.2019
Cryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation...
Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned
12.7.2019
According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into...
Confronting Bitcoin Network Issues Using Nakamoto Consensus and a Mining Parliament
1.7.2019
On June 28, Bitcoin Cash proponent Javier Gonzalez announced the launch of an interesting protocol called the Bitcoin Mining Parliament (BMP). The theory behind BMP is backed by the concept of Nakamoto Consensus where “miners are the executive power of Bitcoin” and “any needed...
Iran Bitcoin Miners Set Up Shop in Mosques Amid Gov’t Crackdown
28.6.2019
Bitcoin mining, while frowned upon in Iran, is giving Iran’s economy a much-needed boost
Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque
27.6.2019
On Tuesday, the Iranian energy grid corporation Tavanir warned illegal bitcoin mining operations that they would be cut off from their supply. Following the announcement, pictures of a mining facility set up in a mosque went viral on social media. Also Read: Iranian Energy Grid Blames...
Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners
25.6.2019
Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption...
Demand for New Bitcoin Miners Is Again Outstripping Supply
25.6.2019
Bitcoin's price jump has juiced demand for new mining equipment, with some models on backlog until October