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Is Staking the Answer to Cryptocurrency’s Mining Problems?
23.3.2020
Here’s how proof-of-stake chains, where the network is secured by staking, could help to solve today’s mining problems
Huobi's Mining Arm Records 547% Surge in Operating Revenue in 2019
19.3.2020
Huobi’s mining arm recorded a 547% surge in operating revenue in 2019 after the business was launched in March 2018
Could the Russian Central Bank Try to Ban Bitcoin Mining?
18.3.2020
Cryptocurrency enthusiasts and business insiders have reacted with alarm to a recent interview given by the head of the central Bank of Russia’s legal department hinting that cryptocurrencies could be outlawed in the country – leading to a possible block on Bitcoin (BTC) and altcoins mining.
Recent...
Price Drop Casts Pall Over Bitcoin Miners’ Equipment Upgrades
16.3.2020
Bitcoin miners spent $500M+ over the past six months preparing for May’s “halving”. Last week’s price crash means they may wait longer for the payoff
Bitcoin Miner Stumbles Upon $8M Stash From 2010, Sells Before Crash
14.3.2020
A lucky former miner appears to have cashed out an old stash of 1,000 Bitcoin just days before Thursday’s brutal crash
AsicBoost Dominates Bitcoin Mining, Solving Bitmain’s 2017 Controversy
12.3.2020
The 2017 AsicBoost controversy has now become irrelevant as it gains adoption
Genesis Mining Rejects $3.1 Million Suit From Former Contractor
10.3.2020
Digital Capital claims that Genesis owes it more than $3.1 million in unpaid invoices, while Genesis is seeking to recoup all funds paid to the firm during their failed partnership
Bitcoin Mining Rig Manufacturer Canaan Sued – Accused of Misleading IPO Investors
7.3.2020
Bitcoin mining rig manufacturer Canaan Inc. is being sued for allegedly breaking U.S. securities laws before its initial public offering (IPO). Phillippe Lemieux, a Canaan investor, filed a class-action lawsuit that claims the company violated the Securities Act of 1933. Lemieux believes Canaan...
Why Bitcoin Mining Might Be the New Business Model for US Power Plants
5.3.2020
South Korea gets legal recognition for crypto, New York power plant mines BTC and the end of the intranet era for enterprise blockchain?
$65M Investment Fuels Natural Gas Provider’s ‘Behind-the-Meter’ Bitcoin Mining Operation
5.3.2020
On Thursday, a natural gas-based power plant in Dresden, New York, Greenidge Generation LLC, revealed the energy provider has the capacity to mine around $50,000 worth of bitcoins (5.5 BTC) every day. The 65,000 square-foot natural gas utility plant was upgraded when the firm installed 7,000...
New York Power Plant Mines $50,000 of Bitcoin a Day
5.3.2020
A power plant in New York’s Finger Lakes region now mines about $50,000 of Bitcoin each day using the electricity it produces
Investors Sue Bitcoin Mining Giant Canaan; Shares Crashed 48% in 3 Months
5.3.2020
A securities class action lawsuit has already been filed against the second-largest producer of Bitcoin (BTC) mining equipment, China-based Canaan (CAN). Meanwhile, the price of its shares dropped by almost 50% since the trading begun in November.
In their press release, investor rights law firm...
Bitcoin’s Computing Power Is Growing Again After Coronavirus-Related Disruption
4.3.2020
The bitcoin network’s processing power is growing again as major Chinese miner manufacturers resume shipments following coronavirus-related delays
Bitcoin Mining Investment Strong – BTC Hashrate Surpasses All-Time High
2.3.2020
On Monday, March 2, miners processing blocks on the BTC network surpassed the network’s all-time high as the overall hashrate touched 136 exahash (EH/s). The record-breaking achievement happened despite the price of BTC dropping below the $9K region throughout the course of the last week....
Analyst Claims 98% of Mining Rigs Fail to Verify Transactions
1.3.2020
Digiconomist’s founder has claimed the power expended in a single BTC transaction could power a British household for two months
Peter Thiel-Backed Startup Says Texas Is the Best Place to Mine Bitcoin
29.2.2020
Layer1 is not the only mining company to launch flagship facilities in Texas, with Bitmain and Northern Bitcoin vying for their Texas-based operations to be the largest worldwide
Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit
27.2.2020
On Thursday, the China-based mining rig manufacturer Bitmain announced the launch of two new Antminer S19 series models that process between 95 to 110 trillion hashes per second (TH/s). The Antminer S19 Pro model with 110TH/s and 29 joules per terahash (J/TH) is 24 trillion hashes per second faster...
World’s Top Crypto Miners Race to Roll Out Top-of-Line Machines Ahead of Bitcoin Halving
27.2.2020
Bitcoin miner manufacturers Bitmain and MicroBT are racing to bring top-of-the-line machines to market ahead of bitcoin's halving event
Bitcoin Mining Difficulty Slips For the First Time in 2020 + More News
26.2.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Mining news
After five consecutive increases, the Bitcoin mining difficulty dropped by 0.38% on February 25, and is estimated...
Riot’s Stock Dips 5% as It Focuses on Bitcoin Mining Ahead of Halving
21.2.2020
Nasdaq-listed Riot Blockchain plans to sell its new crypto exchange business to focus on Bitcoin mining about three months ahead of the halving event