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From Booze to Bitcoin Mining – Why Violent Prohibition Is Always Harmful

6.8.2019
Stories continue to emerge about newly discovered illegal mining operations being busted by state and corporate authorities. Just last week Iranian media reported the seizure of 177 Bitcoin mining units worth over $270,000 being smuggled via truck in the Arak region. On July 31, Russia’s...

LTC Mining Rewards Have Been Halved; Next Halving will be done in 2023

6.8.2019
After reaching the block height of, 680,000 at 10:16 UTC on 5th August, Litecoin (LTC), has halved its crypto rewards. This is a landmark point for the LTC miners given the structural design of the crypto has a pattern to reduce its mining rewards to half in almost every four years. Therefore...

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...

The First ‘Halving’ of Litecoin Mining Rewards is Just 4 Days Away

1.8.2019
Yesterday, Charlie Lee, the creator of Litecoin, made an announcement which caught a lot of attention. In a Twitter post, he said that in the coming four days he would be found cutting Litecoin mining rewards into half. Why is this special? Well, it is special because it will take place for...

PR: Bitpunter Launches Transaction Mining for Online Gaming

1.8.2019
The recent advent of transaction mining as a business model has taken the cryptocurrency world by storm, with transaction fee mining exchanges such as BitMax and FCoin overtaking other long-serving exchange powerhouses in a short span of time. The post PR: Bitpunter Launches Transaction Mining...

Venezuelan Government Accused of Using Bitcoin to Bypass US Sanctions

25.7.2019
Nicolás Maduro and the United Socialist Party of Venezuela have been accused of circumventing financial blockades imposed by the U.S. government. According to local reports, Maduro’s regime evades sanctions with cryptocurrency alongside an airline application called Jetman Pay....

Iran Legalizes Crypto Mining

22.7.2019
Iran is officially recognizing bitcoin mining as an industry it will regulate and for which it will set electricity rates

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...

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...

Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

19.7.2019
Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize...

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