Mining

The latest news coming out of Iran points to growing support for Bitcoin and cryptocurrency miners in the country.Miners will now have access to the electricity output from three power plants to mint digital assets, courtesy of Iran’s Thermal Power Plant Holding Company (TPPH).Tender For Bitcoin, Crypto Miners To Leverage Output of 3 Power PlantsAccording to today’s report from an Iranian local daily, the country’s Thermal Power Plant Holding Company (TPPH) will hold a tender to offer the...

A former employee of CSIRO – the Australian Commonwealth Scientific and Industrial Research Organisation, has avoided prison after being caught using a supercomputer at work for mining cryptocurrencies. Jonathan Khoo, 34, worked as a contractor at the federal government’s scientific research agency.Generating $6,897 Worth Of Ethereum and MoneroAs per a recent news report, between January and February 2018, Khoo has managed to use two supercomputers at his workplace for the purpose of mining...

ONTOSWAP will be launched in three steps. Version 1.0 will be launched at the very beginning of next month together with liquidity mining after the start of token sales. Versions 2.0 and 3.0 will go live later.At the time of the rapid changes in the fintech sector, more and more new DeFi (decentralized finance) projects have been emerging lately. But with their novelty, most of the projects still have weaknesses like slow speed, low usability and high cost, centralization, lack of cross-chain...

Here’s an interesting notion. On paper, bitcoin and crypto miners have appeared to be suffering as of late. The industry has fallen into a pit of blackness following the spread of the coronavirus pandemic as it is not considered a “necessary” field the same way restaurants and grocery chains are.Bitcoin Miners Earned a Lot of Money Last MonthAnd yet in August, according to a new report, bitcoin and cryptocurrency miners have allegedly made well over $300 million. Despite the pandemic, despite...

Following the destruction of the Australian indigenous site against the landowners wishes, Rio Tinto investors seek candidates to replace CEO Jacques.Rio Tinto (NYSE: RIO) CEO Jean-Sebastien Jacques has resigned following investors’ revolt over the destruction of a 46,000-year-old indigenous site in Australia. The company said that Jacques will depart at the end of March 2021 or once a successor is chosen.In May, the world’s largest metals and mining corporation, Rio Tinto, destroyed the...

The Digital Currency Group (DCG) just got a whole lot bigger and is now a global enterprise with its latest purchase of Luno, a digital currency exchange based in the UK.Luno Is Now a Part of the Growing Digital Currency GroupDCG is already a major firm considering it owns the institutional crypto trading platform Grayscale. Just a few months ago, the company posted more than $1 billion in trades for its second quarter, meaning that customers had to be trading more than $300 million each...

Two years after the infamous Bitcoin Cash hard fork of 2018, the news about the new one scheduled for November 15, 2020, is spreading, and this time, nobody seems happy about the new possible drama.The Bitcoin Cash community is at the beginning of a new era – Bitcoin Cash hard fork may happen on November 15, 2020, splitting the network into two blockchains. The hard fork is a result of longstanding debates over development funding.Three main implementations are working in BCH right now:...

Being able to mine cryptocurrency and earn a passive income without having to buy thousands of dollars’ worth of hardware almost sounds too good to be true. However, it is a real practice that countless crypto users have turned to in order to profit in a much safer way than trading digital coins.This is, of course, possible through the process of staking.Staking allows you to lock a number of coins that you own in a crypto wallet, and then use them to help run the coin’s network. In doing so,...

After a freefall that led to an almost $2000 drop, Bitcoin’s price is showing signs of stability. From a March vs. September BTC price action comparison chart, however, it’s possible that the pain is just beginning.Why Did Bitcoin Price Crash Last Week?Several possible reasons can be attributed to Bitcoin’s near 20 percent crash. Miner selloff is one of the strongest possibilities, as suggested by CryptoQuant. After the price drop, the on-chain/data provider shared statistics that pointed to...

Centralized exchanges are facing the harsh reality of losing out to DeFi protocols that don’t have as many costs involved with transacting. The only way to get back in the game is to launch their own DeFi products to lure customers back, and liquidity farming is the most popular activity in the industry at the moment.Huobi Hunting DeFiThe Singapore-based crypto exchange, Huobi Global, has just announced a DeFi liquidity mining campaign beginning today, September 7. The incentive is the first...