Mining

So you want to start mining but don’t have enough money to buy an ASIC or the latest GPU to mine your favorite Proof-of-Work crypto? Don’t worry, soon you will be able to mine cryptocurrencies with the power of your mind, thanks to Microsoft. And no, it’s not a late April Fools day joke. According to documents from the World Intellectual Property Organization, Microsoft has been working for at least one year to develop a system that harnesses the energy of the human body and...

Bitcoin mining continues to earn hate from environmentalists around the world, as the most recent calculations suggest the process requires more energy than the entire country of Sweden. Bitcoin Mining Gets More Expensive as the Price Expands A new report suggests that the higher the price goes, the more energy is needed to extract and mine new coins. Right now, bitcoin is traversing high $50,000 territory; it recently hit a new all-time high of approximately $61,000....

The Bitcoin network continues to become more and more robust. This is confirmed by the expanding computing power put in the blockchain from miners, which has resulted in new all-time highs for the mining difficulty and the hash rate. New ATH for BTC Hash Rate Hash rate is a measuring unit of the processing power on Bitcoin’s blockchain. Essentially, it suggests that when there’re more miners who put their computational devices to work on the network, the metric goes higher,...

One of the big problems with bitcoin as of late is that it hasn’t become very energy conscious. Many companies and individuals alike complain that mining the currency is causing huge problems for our environment, and they want to make sure the planet is still in a healthy place in the future. Now, firms such as DMG Blockchain Solutions and Argo Blockchain are taking these worries to heart and looking to create an entirely new green sector for the mining space. Argo...

Amongst other things, the Bazarswap exchange offers a P2P OTC trading service that currently attracts a zero fee.Riding on the back of the surging innovation and tailored offerings in the crypto space, particularly in the decentralized exchange (DEX) ecosystem, Bazarswap is making its debut as a new Over-the-Counter (OTC) trading platform dedicated to serving Ethereum-backed ERC-20 tokens. The DEX outfit is an offshoot of Minereum, a blockchain innovative project that aims to revolutionize...

The aspirations of Miami City as noted by Suarez to be a Bitcoin mining hub are in complete contrast to the recent position taken by China’s Inner Mongolia.The Mayor of Miami Francis Suarez has noted his desire to turn the city into a Bitcoin (BTC) mining hub as he expressed confidence in the city’s energy potentials. Speaking in an interview with Laura Shin, a crypto-journalist and host of Unchained Podcast, Mayor Suarez said Bitcoin mining is considered a “dirty” activity because 90% of it...

Bitcoin has been taking a lot of guff in that it allegedly leaves behind a serious carbon footprint. Many new reports have emerged over the past week claiming the process of extracting new coins does heavy damage to our environment and that it uses more energy than various countries. However, according to figures like Mike Coyler – chief executive of Foundry – bitcoin can somehow serve as a link between present energy and renewable energy, and perhaps the nasty,...

Backed by industry leaders, including Boxmining, KVestor, Orion Protocol, and Vendetta Capital, ethbox aims to mitigate any risk involved in ERC-20 transactions.Boxmining Founder Michael Lu joins ethbox as an advisor as a successful IDO whitelisting sets an excellent precedent for the upcoming EBOX token sale.EBOX Tokens Listed on Uniswap as Project Showcases Transformative Plan to Simplify & Secure Ethereum TransactionsSurfing on the Initial Dex Offering (IDO) hype within the...

Kevin O’Leary – aka Mr. Wonderful on “Shark Tank” just keeps changing his mind on bitcoin. Not that there’s anything wrong with that, but he suggests he’s able to change his mind considering how accepting society has become of the world’s number one digital currency by market cap. O’Leary Felt He Couldn’t Talk About Bitcoin in the Past In a recent interview, O’Leary commented that at one point in time, it was rather difficult to like bitcoin or admit one liked it...

There is a long-lasting argument in the world of crypto that bitcoin is somehow negative for our environment. That it utilizes too much electricity, and as a result, our atmosphere is likely to take a real kick in the rear at some point in the future. Now, that argument is being pushed further, as data from Bank of America suggests the mining sector utilizes more energy than American Airlines, a company that flies more than 200 million people across the country each...