Mining

Offenbar wird es dieses Mal doch ernst. Die chinesische Regierung hatte schon mehrfach angekündigt, gegen das Bitcoin Mining vorzugehen. Doch bisher ruderte man stets zurück. Nun allerdings werden Mining Systeme auf Second Hand Plattformen in China massenweise angeboten. Bitcoin News: Chinesischer Markt sieht Massenverkäufe von Bitcoin Mining SystemenVor allem in den Regionen der inneren Mongolei und in Sichuan wurden neue Gesetze verabschiedet, die mit sofortiger Wirkung jede Form von...

Iran has officially banned bitcoin mining. In a recent statement, the country’s president Hassan Rouhani says that the nation has been the victim of numerous blackouts over the past several months and officials are claiming the extraction of new digital coins could be the cause. Thus, the government is not willing to take any chances and is setting a ban in place before things can potentially get worse. Iran Ends All BTC Mining… For Now Bitcoin mining has been under...

It is essentially clear that the mining of Chia coin comes with its own challenges, even though it takes less energy compared to Bitcoin as it is based on the Proof-of-Stake (PoS) model.Chia Coin, the sensational blockchain protocol touted as a greener alternative to the energy-intensive Bitcoin (BTC) has seen the price of its token, the XCH drop in tandem with the ongoing market correction. The coin opened up for trading on the Huobi Global crypto exchange earlier in the month with its price...

As the debate for cryptocurrency’s energy use catches fire, Ethereum’s transition to the Proof-of-stake (PoS) consensus model is likely to reduce its carbon footprint to a great extent.On Thursday, May 27, Ethereum co-founder Vitalik Buterin spoke on the ongoing debate of carbon emission contributions through crypto mining. The debate has caught fire once again with Tesla recently pulling out of Bitcoin payments. The Bitcoin and Ethereum blockchain both use the Proof-of-Work (PoW) that...

Nachdem Teslas Rückzug vom Bitcoin die Gründung eines Mining Councils hervorbrachte, stellt sich natürlich die Frage, was dieses Council überhaupt erreichen will. Auf Twitter meldeten sich die ersten Mitglieder, um Details preiszugeben. Bitcoin News: Bitcoin Mining Council stellt erste Details vorPeter Wall von Argo ist eines der Mitglieder. Er schrieb, dass vor allem „Transparenz“ und „Mining mit erneuerbaren Energien“ die wichtigsten Ziele des Councils sind:Well said, Amanda.This is about...

[Sponsored Content] It goes without saying that the cryptocurrency market has been particularly volatile throughout the past few weeks. It all started when Elon Musk revealed that Tesla will no longer be accepting bitcoin for its products while bashing the primary cryptocurrency for its inefficient mining process. In all fairness, all of this was rather expected, and many cryptocurrency proponents were left baffling as to how Musk and Tesla failed to see this earlier. Then...

Not long ago, it was reported that Elon Musk was starting to ask bitcoin miners where they got their energy from as a means of better understanding who was using clean energy to extract coins and who was not. Elon Musk Isn’t Putting His Mining Fears to Rest Now, it appears Musk has initiated the first collection of conversations with these miners, and he is happy about the information he has received. This has ultimately sent bullish waves through the crypto space and...

Bitcoin may be one of the most volatile assets. Last week, Bitcoin fell to $29,000. Just less than two months ago, Bitcoin reached the all-time high of $64,895. The crypto market has rebounded after Elon Musk changed his tune on Bitcoin mining. In his tweets, the Tesla and SpaceX CEO said that he spoke with Bitcoin miners in North America who would commit to promote energy usage transparency and accelerate sustainability initiatives worldwide. The massive rally of...

After blaming BTC mining for electricity blackouts and sending spies to hunt down illegal miners, Iran has placed a temporary ban on such endeavors in its borders. According to a Bloomberg coverage, the Iranian government has placed a ban on all cryptocurrency mining endeavors until September 22nd. The ban is effective immediately and comes ahead of the country’s highest energy consumption season. This is Iran’s most strict attempt to reduce crypto mining, which soared in...

South Korea announced plans to establish a pilot program examining the possibility of developing and launching a digital version of the won. The country’s central bank will focus on how the CBDC will work with mobile payment transactions, internet banking, saving accounts, transferring funds, and more. South Korea CBDC Pushes Forward According to a recent Reuters report, the Bank of Korea (BOK) will develop a pilot platform to boost its central bank digital currency (CBDC)...