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2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners
24.7.2020
Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining...
Devastating Floods in China Raise Questions About Bitcoin Mining Too
22.7.2020
Source: a video screenshot, Youtube/ARIRANG NEWS
With cities under water, billions in damages already reported, and the amount of flooding that China hasn't seen in years putting an increasing pressure on the world's largest hydropower station, there is reasonable concern that mining facilities...
Vitalik Buterin Warns High Fees Threaten Ethereum’s Security
22.7.2020
As Ether transaction fees hit 100 gwei, the project’s co-founder warns that a failure to respond could undermine the security of the network
Cryptojacking and Ransomware Cases Grow in Mexico
22.7.2020
Mexican media report on a new study that reveals a lack of trust from locals towards public cloud network security as cryptojacking cases rise
New Satoshi Stash Estimate Claims Creator Mined $10.5B Worth of Bitcoin
21.7.2020
On Monday, the blockchain trackers and researchers from Whale Alert published a new research report about the infamous fortune allegedly owned by Satoshi Nakamoto. Researchers estimate that Bitcoin’s creator possibly mined coins up to block 54,316, capturing 1,125,150 BTC or $10.5 billion...
US State of Texas Saddles Up to Become the Next Blockchain Capital
21.7.2020
Texas ups its aspirations to become the go-to place for crypto in the U.S., forming a new blockchain council and highlighting the state’s mining capabilities
$10.9 Billion Bitcoin Stash Proves Satoshi Is Still the Biggest Whale
20.7.2020
Analysts estimate Satoshi mined $10.9 billion worth of Bitcoin to keep the network safe but will these BTC ever be spent?
First Mover: Bitcoin Miners Find Upgrade Financing Aplenty, Even as Prices Languish
20.7.2020
Big-money players are extending financing to bitcoin miners for equipment upgrades, even though prices are still torpid two months after the halving
Venezuela Bans Bitcoin Mining Operations in the Country’s Public Housing Sector
18.7.2020
According to the Venezuelan Minister of Habitat and Housing, the government has banned mining operations in any low-income neighborhoods with subsidized housing. Ildemaro Villarroel told the public the restrictions are due to “high power consumption” in those areas. The United Socialist...
Bitcoin Mining Firm Northern Data Slams ‘Trolls’ After Stock Drops 40%
18.7.2020
Northern Data’s head of finance calls whistleblowers “anonymous trolls” and says that the company is completely transparent
Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14%
18.7.2020
A new report by crypto research company Bitooda claims that China accounts for only 50% of global Bitcoin mining capacity, and the U.S. 14%. The data is in sharp contrast with earlier findings from the University of Cambridge Centre for Alternative Finance (CCAF), which put China’s share...
Venezuela Tells Citizens in Gov’t Houses to Stop Mining Crypto
18.7.2020
The Venezuelan government is set to ban crypto mining in government-provided housing, per an official announcement.
The announcement was made in a video tweeted by state-owned television station VTV Canal 8.
In the video, Ildemaro Villarroel, the Minister of Housing, stated that the central...
Venezuela Bans Crypto Mining From Public Housing
17.7.2020
Crypto mining can harm the country’s electricity distribution, says a Venezuelan minister
Blockchain Bites: Binance’s Bitcoin Mining, ConsenSys’ Legal Trouble and Why Politicians Blame Twitter, Not Bitcoin
17.7.2020
Binance will consolidate its bitcoin mining, ConsenSys is accused of intellectual property theft and Wonder Woman's illustrator will sell art on Ethereum
Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low
17.7.2020
Onchain data shows that bitcoin miners are hoarding despite the 50% loss in revenue that started on May 11, during the third reward halving. The seven-day average of bitcoin miners’ outflow volume and mining funds sent to exchanges remains significantly low. Roughly four weeks ago on June...
China Controls 50% of Bitcoin Mining While US Hits 14% — New Survey
17.7.2020
Shifting estimates of China’s Bitcoin mining presence come with the proviso that much capacity remains “unaccounted for.”
Riot Blockchain Boosts Its Hash Rate By 45% With 1,000 New Antminers
17.7.2020
Riot Blockchain is deploying its first tranche of 1,000 Antminers S19 Pros and expects its hash rate to tag 357 petahashes per second
Binance Pool Poised to Grab More Bitcoin Hash Rate in Russia and Central Asia
17.7.2020
Binance is looking to consolidate more bitcoin mining hashrate to its pool in Russia and the Central Asia region
Zcash Latest Hard Fork ‘Heartwood’ Makes Mining Private
16.7.2020
Privacy coin Zcash has successfully hard forked at block height 903,00 in a planned network update known as “Heartwood.”
Iran Licenses 14 Bitcoin Mining Farms, Cuts Electricity Tariff up to 47% for Miners
14.7.2020
Iran has reportedly issued permits for 14 bitcoin mining farms and will cut up to 47% off of the electricity tariff in order to support authorized cryptocurrency mining centers. Crypto miners will soon have to register with the government. Iran Licenses More Crypto Mining Farms The Islamic Republic...