Mining

As the price of bitcoin continues to surge this week, new arguments are emerging regarding the incredible amounts of energy bitcoin mining requires.Bitcoin Mining Needs More Energy Than EverIn the past, we have all read reports of bitcoin mining needing as much energy as what’s necessary to power Sin City (aka Las Vegas, Nevada). In addition, we have also heard that countries such as Iceland now use more energy for bitcoin mining that they do to power all their residences, but how much of all...

The hashrate on Bitcoin’s network surged to yet another all-time high, this time above 155 million TH/s. Simultaneously, the blockchain went through another adjustment that increased the difficulty levels to a record of their own.Bitcoin Hash Rate To Fresh HighsThe hash rate is a measuring unit of the processing power of the BTC network. The more miners put their computational devices to work, the higher the hash rate goes, which makes the system more secure and robust.Since over 60% of...

Bitcoin-Miner konnten im Januar 2020 einen Rekordumsatz verzeichne. Rund 1,12 Milliarden US-Dollar wurden in den vergangenen 31 Tagen erwirtschaftet. Das übersteigt sogar noch die Zahlen aus dem Rekordmonat Dezember 2017, als am Ende 1,25 Milliarden US-Dollar auf der Habenseite standen. Im Januar 2018 verzeichneten Bitcoin-Miner einen Umsatz von 1,02 Milliarden US-Dollar. Während diese Zahlen im letzten Monat knapp erreicht wurden, gab es im Bereich der Block-Subventionen...

Ukraine has announced plans to establish major data centers near some of its many nuclear power plants. These centers will ultimately be used to mine cryptocurrency and store important documents. The news suggests that bitcoin and cryptocurrency is growing more popular around the world as prices continue to experience further spikes.Ukraine Looks to Establish Itself as a Mining StateAs it stands, there are contrasting reports regarding how much electrical energy will be required for the...

The lawsuit between Ripple and the Securities and Exchange Commission (SEC) just keeps heating up. Ripple has now put in a request with the agency to view documents determining its decisions to allow both bitcoin and Ethereum to be exempt from securities statuses through what’s known as a “Freedom of Information” request.Ripple: What Makes Us So Unique, Huh?Here’s a little background on the situation. Ripple is being charged by the SEC for hosting an improper token sale back in 2013....

January 2021 will remain in crypto history with multiple bitcoin records, including ATHs for the BTC price, hash rate, and mining difficulty. Moreover, recent data indicated that the number of unique addresses transacting on the network had also surpassed the previous record from three years ago.Bitcoin’s Activity Sees An ATH RecordAccording to data from the analytics company Glassnode, the number of unique addresses on the Bitcoin network that either sent or received coins had charted a...

Popular blockchain company, Blockstream has purchased $25 million worth of MicroBT’s WhatsMiner M30s Bitcoin mining hardware. Blockstream stated in an announcement that it plans to deploy the hardware across its various mining facilities located in the United States and Canada. A Top Secret Mining FacilityFurthermore, Blockstream disclosed that it would allocate some of the mining equipment to a new “top-secret” mining facility it plans to launch soon. The purchase will be an essential...

Ryzen 5000: Power Notebooks in den Startlöchern Laptops mit Ryzen-5000-Prozessoren bringen einen deutlichen Leistungsschub. Die ersten Achtkerner von AMD wurden Anfang Januar enthüllt und lassen bisherige Notebook-Prozessoren alt aussehen. Verbessertes Energiemanagement Zu den ersten Geräten mit Ryzen-5000-Prozessoren zählen das Asus RoG Strix G17 und das Asus RoG Flow X13....

Während sich die Situation nach den jüngsten Verwerfungen und teils drastischen Einbrüchen der Wirtschaft im Corona-Massnahmen-Jahr 2020 wieder stabilisiert hatte, lähmt nun ein weltweiter Chipmangel die Produktionen zahlreicher Branchen. Die Ursachen dafür liegen zu gewissen Teilen im Boom der Kryptowährungen – allen voran der des Bitcoins. Im Bereich der PC-Komponenten gibt es während der Pandemie...

China has always had the upper hand when it comes to bitcoin mining. The country hosts two of the largest distributors and builders of mining equipment in Bitmain and Canaan Creative. However, as of late there appears to be a national chip shortage, which means China may be losing its edge when it comes to extracting new crypto units.China Is Starting to Lose Its EdgeRight now, the prices of mining machines and related equipment have surged like there’s no tomorrow in China given how rare...