Mining

The move of MicroBT to go public in the United States will be a big win for the ambitious company amid the growing demand and the ongoing rise in the adoption of Bitcoin by institutional investors.Chinese based cryptocurrency mining rig manufacturer MicroBT is reportedly to go public in the United States through an Initial Public Offering (IPO). The news which was first broken by Chinese crypto blogger Colin Wu did not specify the projected IPO timeline for the Whatsminer manufacturer but...

[PRESS RELEASE – Please Read Disclaimer]DMEX stands for Decentralized Mining Exchange. It is a decentralized trading platform for cloud mining power. DMEX is building a cloud mining power trading platform for the average users so that they could enjoy the freedom for participation, transparency in incomes, and liquidity in assets. In order to realize this mission, decentralization is the key. DMEX platform does not rely on third-party suppliers to construct the cloud mining market. Instead,...

Central District Court in California sentenced GemCoin founder Steve Chen to 10 years in federal prison. Chen has been announced guilty of being the mastermind and leader of a $147 million crypto Ponzi scheme that involved mining and digital currency fraud, and tax evasion.Over 70,000 Investors Defrauded with Gemstone-backed CryptoAccording to the US Department of Justice, 63-year-old Californian Steve Chen and a team of conspirators have masterminded the fraudulent endeavor that remained...

Although the price of bitcoin has crashed in the past 24 hours with double-digit percetages, the network’s fundamentals remain strong. Recent data indicated that BTC’s mining difficulty and the hash rate had reached new all-time highs.BTC Mining Difficulty And Hash Rate ATHsThe mining difficulty on the BTC network goes through an automatic adjustment every 2,016 blocks (or roughly two weeks). Depending on the number of active miners putting their computational power to work on the blockchain,...

Central Washington – an area that has attracted a high level of bitcoin and crypto mining operations thanks to its low energy costs – has been told to watch out for any signs of bootleg mining companies.Central Washington Is Now Keeping an Eye OutAmong the red flags that the area has been put on high alert for are unusually high energy bills and exhaust fans that operate on a 24-hour scale.The area has been one of the most sought-out regions amongst crypto and bitcoin miners since 2017. At...

In a recent Twitter reply, the CEO of Tesla and SpaceX admitted that he wouldn’t turn out getting paid in Bitcoin. His statement came as a reply to Ben Mezrich, the author of Bitcoin Billionaires. Ben Mezrich and Elon Musk on BitcoinA couple of days ago, Ben Mezrich, the author of Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption, took it to Twitter to say that he wouldn’t turn down getting paid in bitcoin again.As CryptoPotato reported earlier in 2020, Bitcoin started...

Every forex trader needs a platform. Without one, you won’t be able to connect to the forex market to start trading.  If you search for forex trading platforms, you’ll likely come across a variety. However, the problem you can face is determining which platforms are regulated and trustworthy over the others.We made a list of the best five online trading platforms for Australian traders. The following list is of regulated and trusted brokers and platforms that can help you make the most of...

Riot Blockchain reported that the mining revenue had increased by 21% to $6.7 million for the first nine months of 2020.Riot Blockchain Inc (NASDAQ: RIOT) stock soared approximately 11.71% on Tuesday to close the day trading at $18.41. Meanwhile, they had obliterated part of the gains during Wednesday’s pre-market as they were trading around $18.16, down approximately 1.36%.Riot Blockchain stock experienced an astronomical rally last year, whereby they are up approximately 1135.57% in the...

Pull out the cake, put on those party hats and blow out the candles! Bitcoin is celebrating a birthday. It was exactly 12 years ago on January 3, 2009 that the very first unit of the world’s largest and most powerful cryptocurrency by market cap was extracted from the blockchain.Bitcoin’s Birthday Is HereAnd what a great way to celebrate this newfound horizon. The asset recently spiked beyond the $33,000 mark, reaching a new all-time high and starting 2021 off on solid ground. Gaurav Dahake –...

Right as bitcoin struck its new all-time high of roughly $28,700 in late December of last year, several bitcoin mining stocks rose to new levels, thereby suggesting that mining is becoming a much more lucrative business and that the world’s number one digital currency is more profitable than ever.Bitcoin Mining Companies Are Growing Like Never BeforeAbout a week ago, shares in companies such as Riot Blockchain and Marathon Patent Group experienced their highest peaks in years. The sentiment...