Mining

A new form of making money from gaming has rocked the NFT gaming world. For those new to the platform, NFT stands for ‘non-fungible token’ which can be anything from an artwork to a coin. With the new take on NFT gaming – CGU, or Crypto Gaming United – founder Sergio Sergienko takes the concept and improves it by offering a genuine chance for players to make real profit simply by playing a game. Initially launched in Australia and the Philippines, Sergienko believes the...

It looks like China is still not done clamping down on the crypto mining space. Another region known as the Hebei province has agreed to comply with Beijing’s ruling that all crypto mining should be omitted from China’s workforce. The province is now claiming that the practice is illegal and must end within its borders no later than September 30. China Is Still Kicking Miners Out China shocked the world not too long ago when it decided that all crypto mining should...

While worries about Bitcoin’s energy use abound, new analysis shows that the network has already consumed more power than it did during the entirety of last year. Bitcoin’s Rising Power Consumption As reported by Bloomberg, “the network reportedly consumed about 67TWh of electricity in 2020, and its total consumption has already surpassed this in 2021”. By the end of the year, the analysts predict that Bitcoin will have used 91 TWh of electricity, rivaling the consumption of...

Da der jährliche Stromverbrauch um sieben Prozent gestiegen ist, erklärt die iranische Elektrizitätsagentur das Bitcoin Mining für illegal. Foto: Iranischer Safran. 80% des weltweit produzierten Safran stammt aus dem Iran. Foto CC0 Public Domain via Pixabay Digitale Währungen wie Bitcoin spielen eine weiterhin steigende Rolle in der Wirtschaft des Iran. Der Staat hat vielfältige wirtschaftliche Sorgen, sodass das Land auf Suche nach...

Kevin O’Leary, aka Mr. Wonderful on “Shark Tank,” has always been around to discuss his thoughts and ideas on cryptocurrency. Kevin O’Leary Always Has Something to Say Not too long ago, the famed investor commented that he would no longer be purchasing any more bitcoin mined in China given that the country was not known for employing green methods when it came to mining crypto. This was all before China embarked on an anti-mining crusade that would ultimately see all...

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Argo Blockchain – a crypto mining company stationed in London – has borrowed more than 18 million pounds from Galaxy Digital, the hedge fund run by crypto mogul and billionaire investor Mike Novogratz. The purpose? To establish a new mining project in Texas that runs entirely on green energy. Argo Blockchain Has Set Its Sights on Texas The argument for green energy in the crypto mining sector has grown exponentially over the past few months. There are many statements...

Ethereum’s hashrate has recently reached a new all-time high (ATH) as miners have resumed operations despite the hostile approach undertaken by Chinese authorities earlier this year. China Clampdown Disrupts Ethereum’s Rally Recall that Ethereum’s hashrate had hit a peak of 632.8 TH/s on May 19, 2021, following increased activities on the network just after ETH hit an ATH above $4,300. However, the hashrate started to suffer after the Chinese authorities launched a full...

Sam Bankman-Fried – the man in charge of the FTX cryptocurrency exchange – has engaged in an online Twitter feud with Massachusetts Senator Elizabeth Warren after the former presidential hopeful claimed that energy usage in the bitcoin community was contributing to the death of the planet. Elizabeth Warren Doesn’t Like Bitcoin Mining Warren – still under the impression that people are paying attention to her – tweeted a New York Times article claiming that the amount of...

Nodes übernehmen im Bitcoin-Netzwerk die Rolle der “Wächter” und sind daher unerlässlich. Sie überwachen alle Transaktionen in der Bitcoin-Blockchain und stufen diese als gültig oder ungültig ein. Die Hauptaufgabe der Nodes besteht darin, “Double Spending” – die doppelte Ausgabe bereits woanders ausgegebener Bitcoins – zu verhindern. Eine ziemlich intelligente Live-Übersicht über alle am Bitcoin-Netzwerk angemeldeten Nodes bietet die Seite Global Bitcoin Nodes. Was ist eine „Full Node“? Die...