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Bitcoin Cash Miners Plan $6M Development Fund by Leveraging Block Rewards


A group of Bitcoin Cash mining pool operations have decided to help fund BCH infrastructure development. On January 22, Btc.top founder Jiang Zhuoer revealed that five mining pools are preparing a short-term developers donation plan. Miners from Btc.top, Bitcoin.com, Viabtc, Antpool, and Btc.com...

Bitcoin Cash Sees Mining Pool Shift and Hashrate Surpass 4 Exahash


While people have watched the BTC network surpass 100 exahash per second (EH/s), Bitcoin Cash (BCH) has been steadily gathering hashrate as well. Since the November 15, 2018 blockchain split, which produced the Bitcoin SV (BSV) chain, BCH hashrate has jumped by more than 3x. Bitcoin cash is often...

Developer Proposes Decentralized Bitcoin Hashrate Derivatives


There’s a new concept called Powswap that lets people speculate on hashrate in order to hedge against price volatility. Powswap was developed by the software engineer Jeremy Rubin who believes hashrate derivatives products allow people to leverage new trading strategies. Also read: Regulatory...

Simple Ledger Protocol Shines During the Final Day of TNABC Miami


On Friday, The North American Bitcoin Conference (TNABC) convened for its final day with a great deal of well known speakers from the blockchain and cryptocurrency industry. The slew of speakers discussed topics like the future of crypto mining, SLP tokens, digital currency enterprise solutions...

Uzbekistan to Create National Mining Pool, Launch Licensed Exchange


Establishing a “national mining pool” has been declared a priority in Uzbekistan. Miners who join the pool will enjoy lower electricity rates, announced the country’s agency overseeing the crypto industry. The Central Asian nation is also preparing to launch a licensed...

Tokyo-Based Zigmabit Offers Mining Rigs for Homes and Offices


Cryptocurrency mining develops rapidly like any high tech sector. Improvements in the hardware and auxiliary systems make it possible to design mining rigs that are more compact and silent than they used to be, while also profitable to run. Zigmabit is a manufacturer that assembles units suitable...

Pre-Bitcoin Halving Race Pushes Mining Difficulty to Record High


As Bitcoin (BTC) mining difficulty and hashrate are reaching new all-time highs, the Cryptoverse is discussing the meaning behind it, and it seems unlikely that the miners are capitulating ahead of the Bitcoin mining reward halving in May. As reported by Cryptonews.com in October 2019, miners will...

Close to 11 Million BTC Haven’t Moved in Over a Year


According to a new research report published by Digital Asset Data, more than 10 million BTC has been sitting dormant for a whole year. Data shows that unmoved bitcoins account for roughly 59% of the current minted supply and it’s the largest number of dormant coins since the start of 2017....

Bithumb Pledges $8M to South Korea’s ‘Regulation-Free’ Blockchain Zone


South Korean cryptocurrency exchange Bithumb has pledged to invest roughly $8 million into the Busan blockchain zone. The region was recently declared “regulation-free” by the national government and modeled after the Switzerland town of Zug. Bithumb’s subsidiary GCX Alliance will...

Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump


On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share. Since then, Canaan has launched a series of five...

More Altcoin Mining to be Integrated by Mining Pools in 2020 - Report


2020 will see the mining pools start to integrate more altcoin mining with huge market potential and risks, says token data and rating agency TokenInsight. The agency's 2019 mining industry report claims that there are only 64 mineable coins including Bitcoin (BTC) with more than USD 100,000...

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