Distribution on Binance Causes 30% Increase in Ethereum’s Proof of Work

Kavon Hyatt | September 20, 2022 | Leave a comment

Before, the Ethereum blockchain used proof-of-work. The proof-of-work is a consensus technique that requires a lot of processing time and energy from all the distributed nodes that make up the blockchain. Ethereum switched from proof-of-work to proof-of-stake. Bearish Movement ...

The Bitcoin Hash Rate Hit a Record Peak, and the Next Halving is Scheduled for 2023

Kavon Hyatt | September 13, 2022 | Leave a comment

The next half of Bitcoin’s block reward has been brought ahead in time because the Bitcoin hash rate just set an all-time high. On September 11th, the hash rate of the Bitcoin network achieved a raw value of 281.79...

White House May Soon Impose Limitation On Mining Crypto

Kavon Hyatt | September 9, 2022 | Leave a comment

A report from the White House reveals a suggestion to place barriers on mining crypto. The US seeks to direct miners to use clean energy in place of greenhouse gases when mining. Because this measure will aid mitigate gas...

NFT’s On ETH POW Stake Will Not Be Supported – OpenSea

Kavon Hyatt | September 3, 2022 | Leave a comment

The date for the Ethereum upgrade is near, and gradually the events seem to be coming to reality with ongoing preparations from different ends. The September scheduled consensus protocol will be happening a few days from now. The project...

Iran: Latest Crypto Mining Clampdowns Trigger New Regulations

James Dodson | August 26, 2022 | Leave a comment

The past five months had Iran seizing over 9.4K cryptocurrency mining rigs, while the nation dealt with electricity outages during summer. According to Tehran Electricity Company CEO Kambiz Nazerian and Iran International, these mining equipment are scattered across the...

Will ETH Miners Use Ethereum Classic as Replacement After Merge?

James Dodson | July 20, 2022 | Leave a comment

Ethereum has presented substantial upswings over the previous week, shooting past the $1,500 mark by July 19. Nevertheless, Ether might not be the single benefactor of the recent Merge update. An old face reaps benefits from this news. Ethereum...

Russia Wanted To Legalize Bitcoin Mining In Some Areas

George Wisneski | February 18, 2022 | Leave a comment

The proposal was made to introduce taxes on crypto mining realized profits and to recognize it as a commercial activity. As the Russian government working out a regulatory framework for digital assets, another proposal regarding the crypto mining industry...

Bitcoin Miners Embrace the Global Mining Power in Terms of Developing ‘Vigorously’

George Wisneski | January 31, 2022 | Leave a comment

As per experts in the field, irrespective of Bitcoin’s charge, Cryptocurrency is the most stable it has ever been. Cryptocurrency (Bitcoin) is, from all indications, at the top of everyone’s mind these days, as the charge of Bitcoins has...

Block, Led By Jack Dorsey, Has Announced A BTC Mining Platform And Is Putting Together A Core Group

George Wisneski | January 15, 2022 | Leave a comment

Block, the company of the outgoing in earlier times branded as per Square and led by Twitter co-founder Dorsey is developing a Cryptocurrency (Bitcoins) processing infrastructure and employing a team to help with it. On Wednesday, Jack wrote that...

Russian Government Permits Regions to Raise Electricity Rates for Crypto Miners

George Wisneski | January 2, 2022 | Leave a comment

Moscow’s federal government has given permission to regions for determining the local electricity tariffs for the people and this could end up having an impact on crypto mining at homes. The subsidized household electricity in the country is being...

US Senator has Questioned the Environmental Footprint of Bitcoin Miner Greenidge

Brian Oldham | December 24, 2021 | Leave a comment

Senator Elizabeth Warren has written to the CEO of Greenidge generation holding, inquiring about the excessive impact that their Bitcoin mining operation has imparted to the environment. This mining facility is currently operating in upstate New York and at...

Swedish Authorities Ask European Union For A Ban On Crypto Mining Activity

Kavon Hyatt | December 13, 2021 | Leave a comment

Swedish officials have issued an open letter for European Union recommending a prohibition over the energy-exhaustive crypto mining operations as it is hindering the country, as well as the EU area in general, from fulfilling the Paris Climate Agreement...

Around 45% Of The BTC Mining Industry Is Reportedly Relocating: Is It Good News For BTC?

Kavon Hyatt | July 7, 2021 | Leave a comment

Right now, as the Bitcoin (BTC) hash rate is moving away from China, it has also dropped noticeably. Chinese crackdown has forced 45% of crypto miners to relocate, but Bitcoin (BTC) is not affected much from this. Undoubtedly it...

Texas Could Be The Next Destination For Chinese BTC Miners

Kavon Hyatt | June 21, 2021 | Leave a comment

China has become a kind of ‘dead zone’ when it comes to Bitcoin (BTC) and cryptocurrencies in general. 75% of the world’s total BTC mining hash rate had previously come from China, and ever since the ban had been...

Blockstream And Square Are Going To Roll Out Solar-Powered BTC Mining Facility

Kavon Hyatt | June 11, 2021 | Leave a comment

In recent news, a new BTC mining facility that will be solar-powered in nature shall be launched soon, thanks to the combined efforts of Adam Back’s Blockstream and Jack Dorsey’s Square. Jack has been supportive of cryptocurrencies for a...

Blockstream Acquires A Bitcoin Mining Hardware Worth $25 Million From MicroBT

Kavon Hyatt | January 29, 2021 | Leave a comment

In a bid to boost the quality of their services in North America, Blockstream, a blockchain firm, deployed a new bitcoin miner worth $25 Million. The purchase was made from MicroBT following an announcement made on the 27th of...

Mining

Distribution on Binance Causes 30% Increase in Ethereum’s Proof of Work

The Bitcoin Hash Rate Hit a Record Peak, and the Next Halving is Scheduled for 2023

White House May Soon Impose Limitation On Mining Crypto

NFT’s On ETH POW Stake Will Not Be Supported – OpenSea

Iran: Latest Crypto Mining Clampdowns Trigger New Regulations

Will ETH Miners Use Ethereum Classic as Replacement After Merge?

Russia Wanted To Legalize Bitcoin Mining In Some Areas

Bitcoin Miners Embrace the Global Mining Power in Terms of Developing ‘Vigorously’

Block, Led By Jack Dorsey, Has Announced A BTC Mining Platform And Is Putting Together A Core Group

Russian Government Permits Regions to Raise Electricity Rates for Crypto Miners

US Senator has Questioned the Environmental Footprint of Bitcoin Miner Greenidge

Swedish Authorities Ask European Union For A Ban On Crypto Mining Activity

Around 45% Of The BTC Mining Industry Is Reportedly Relocating: Is It Good News For BTC?

Texas Could Be The Next Destination For Chinese BTC Miners

Blockstream And Square Are Going To Roll Out Solar-Powered BTC Mining Facility

Blockstream Acquires A Bitcoin Mining Hardware Worth $25 Million From MicroBT

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