Mining

Bitcoin is doing extremely well as of late. The world’s number one cryptocurrency by market cap has once again surged into the $56,000 range and it looks like the asset is again about to hit its all-time high of $57,000. Bitcoin Mining May Be Doing Some Damage However, with this growth comes a few consequences, and one of those consequences is the carbon footprint that allegedly comes with the extraction of new BTC and crypto mining. As BTC’s price expands, we’re going...

Mining cryptocurrencies is one of the best ways to make money in the cryptocurrency industry. However, mining profitable cryptocurrencies like Bitcoin and Ethereum can be expensive since it requires high-end computing machines. Also, the cost of maintaining these machines is immense and beyond the reach of the average crypto lover. This is why cloud mining has become popular, as it offers crypto enthusiasts the opportunity to mine cryptocurrencies while paying a...

ChainGuardians is a platform combining blockchain technology and gaming to enable a player-focused and player-driven economy. Players of the game can participate in both the ChainGuardians RPG game and the ChainGuardians NFT mining platform, earning income and rewards. ChainGuardians has announced their Initial Dex Offering (IDO) for the ChainGuardians Governance Token (CGG) on Polkastarter, the premier decentralized fundraising platform. ChainGuardians IDO Details The...

Parity Technologies aims at developing and releasing a generic asset parachain to serve as one of the first common-good chains on Polkadot. Dubbed Statemint, it would provide functionality for deploying various asset types, such as tokenized artwork or even central bank digital currencies (CBDCs).Statemin to Come on PolkadotThe press release shared with CryptoPotato explained that the on-chain governance networks of Polkadot and Kusama can currently grant parachain slots by public referendum...

Not too long ago, Live Bitcoin News reported that as bitcoin surged, so did many stocks that were associated with various digital tokens and mining operations. At the time of writing, it seems like the world’s number one digital currency by market cap has been struggling to move past the $50,000 mark again. It is currently still stuck at $48,000 after several days, and there are quite a few crypto-based stocks that are now suffering because of it. The Bitcoin Price...

Canadian company Neptune Digital Assets Corp. is partnering up with Link Global Technologies to engage in crypto mining operations. Neptune and Link Are Hooking Up to Mine Crypto As the price of bitcoin has exploded in recent months, the prospects of mining crypto are suddenly looking rather positive. The higher the price of a certain coin, the more profitable it is to mine, so right now, one can assume that anyone extracting new coins is making a nice living for...

The EIP 1559 is a welcome move for Ethereum users that standardize the transaction fee across the network and reduces volatility. However, mining pools have placed a strong opposition to it.As per the latest development, July 2021 is the scheduled period when the Ethereum Improvement Protocol (EIP) 1559 will go live. As per Ethereum’s core developers’ call on Friday, March 5th, five other EIPs along with EIP 1559 are likely to join the London hard fork.The Ethereum fraternity has been eagerly...

Despite the partnership announcement, Galaxy Digital Mining did not provide specific details on the number of machines deployed for the first installation.Diversified financial services and investment management company in the digital asset sector Galaxy Digital (TSX: GLXY) said it is now hosting its newly-launched Bitcoin mining operations at Blockstream facilities. The diversified financial services firm noted that its Bitcoin-mining operations would use Blockstream facilities to initially...

The move by Inner Mongolia to curb its crypto mining operations stems from Beijing’s concerns about the region’s inability to meet up with energy efficiency standards.Inner Mongolia, a region in Northern China, is set to stop all of its crypto mining operations in order to pursue Beijing’s energy efficiency demands. As reported by CNBC, the Bitcoin (BTC) mining hub will stop the approval for new digital currency mining farms to be established while shutting down existing ones.Bitcoin and...

From both ends of the world, bitcoin is the target of much speculation. In the west, it appears to be the subject of positivity, with the likes of Citibank commenting that bitcoin is likely to be at the center of much cultural and revolutionary change. In the east, countries like China are looking to implement serious limits on bitcoin and crypto mining. With both sides offering opposing views, it looks like bitcoin has used this time to heal some of its wounds and...