Mining

The recent intensive crackdown of the Bitcoin has led to price decline. Bitcoin is currently trading at the $34,200 level.Generally, China’s crackdown targeting Bitcoin has dealt a big blow to Bitcoin era, particularly Bitcoin mining pools and companies. However some players have been more affected than others, but for miners who are not based in China may be reaping big time.The mining hashrate for Bitcoin, the rate at which Bitcoin is mined, dropped on Sunday to 94EH/s. As per Glassnode’s...

The financial analyst and Global Head of Equity Strategy at Jefferies – Christopher Wood – opined that the Chinese officials want no competition for its digital renminbi. That is why they enforced the crackdown on bitcoin and other cryptocurrencies lately. China Cares About its CBDC Not Carbon Footprint Christopher Wood – the prominent financial analyst focused on the Asian market – surmised that there is more to the story behind China’s negative stance against crypto mining...

Last week, Bitcoin crashed following China’s decision to ban crypto mining in the country. For the first time since January, Bitcoin was trading below $30,000. While the price of Bitcoin has recovered a bit, investors remain uncertain about the possible direction the market could take. China, being the biggest Bitcoin market in the world, has decided to continue its massive crackdown on crypto miners in the country. The impact of China’s decision on the trading market...

The effects of the Chinese crackdown on Bitcoin mining continue to harm the network as the hash rate has dumped to its yearly low of below 90 Ehash/sec. This comes just days before the next difficulty adjustment, which is expected to be one of the largest in BTC’s history. Bitcoin Hash Rate Drops to Yearly Lows The world’s most populated nation decided to intensify its hostile actions against the cryptocurrency industry in May this year when it went after Bitcoin mining....

Selon Coinwarz le « hashrate » [1] de Bitcoin serait aujourd’hui tombé sous les 85 EH/s [2], soit son niveau de septembre 2019. A son plus haut, en mai 2021, le taux de hachage avait dépassé les 190 EH/s. Selon Sébastien Gouspillou [3], cette baisse signifie que 85 à 90% du mining Chinois est probablement à l’arrêt aujourd’hui, une véritable aubaine pour les mineurs du monde entier, mais également une chance pour la décentralisation du...

Last year turned out to be a record-breaking one in terms of blocked computer cryptojacking attempts for cryptocurrency mining, reported the Russian cybersecurity giant Kaspersky. Although the firm noted it had stopped millions of cases, it also warned people about the potential threats. Cryptojacking in 2020 When an attacker gains unauthorized access to a computer or mobile device to mine (or mint) cryptocurrencies is now known as cryptojacking. It typically transpires when...

Stronghold Digital Mining in Pennsylvania has managed to raise more than $100 million to establish a new firm. Stronghold Digital Is Carving the Way to Cleaner Mining The company has made a real name for itself during a time when bitcoin and cryptocurrency mining are the subjects of much controversy. Many analysts are convinced that bitcoin mining requires too much energy; that it boasts as large a carbon footprint as Las Vegas, Nevada, and that it consumes more...

During a recent interview with Bloomberg, the prominent BTC bull spoke about the adverse short-term effects of China’s recent crackdown on Bitcoin mining. While he acknowledged the hash rate and price declines, Saylor believes this ‘mistake’ from the Asian country will provide an excellent opportunity for others. As CryptoPotato reported previously, the world’s most populated nation intensified its crackdown on the cryptocurrency space this year. More specifically, the Asian...

With the development and popularization of the anonymous Utopia P2P ecosystem, the Crypton can become one of the main cryptocurrencies, displacing Bitcoin and even the eco-friendly Chia coin.It’s not so easy to start mining cryptocurrency – you need to have the equipment (computer or ASIC) and reasonably fast internet, register an e-wallet, join the pool of miners (without this, the chances of earning tend to be zero), and register on an online crypto exchange.But do not forget that mining...

Jim Cramer of CNBC and “Mad Money” fame said in a recent interview that he has sold most of his BTC. Jim Cramer Has Parted Ways with Most of His BTC In a statement, Cramer mentioned the following: Sold almost all of my bitcoin. I do not need it. Cramer cited China’s position on bitcoin as the main reason as to why he sold his crypto stash. He says that the country is working hard to kill the entire bitcoin system, not just the mining space. He says that bitcoin is a...