Mining

There are several conflicting reports in the crypto world as of late. Despite the idea that bitcoin is surging like mad and is on the verge of once again striking the $11,000 range, it looks like things are very up and down otherwise for both miners and institutions.The Bitcoin Market Is Straddled with Ups and DownsRecently, Live Bitcoin News reported that Bit Farms, a cryptocurrency mining firm, is straddled with heavy debt and is struggling to repay the $20 million+ it owes by the time 2021...

Canadian crypto mining firm Bit Farms is swamped with high-interest debt.How Will Bit Farms Pay Everything Off?The company has been struggling to pay off much of what it owes. Straddled with declining revenue, the company is scheduled to pay more than $20 million by the time 2021 rings in, which means the venture could be in a heap of trouble.The mining industry has been treated very poorly over the past several months largely due to the coronavirus pandemic that has been spreading across the...

Popular cryptocurrency YouTube content creator DataDash believes that Bitcoin has entered a long-term bull cycle. He based his opinion on several factors, including the famous stock-to-flow model, the increasing hodling mentality from investors, and the issuance of new coins. Weekly And Monthly Bullish Patterns According to Nicholas Merten, the person behind the popular DataDash YouTube channel, Bitcoin’s recent performance solidifies an upcoming bull run. He began by examining a nearly...

Is it safe to say that Bakkt has been a total failure?Bakkt Really Hasn’t Amounted to MuchIt has been roughly one year since the institutional crypto trading platform came about, and one honestly wonders what it’s contributed to the space, especially when examining the latest trading figures the platform has been experiencing. For more than a month, bitcoin options have not been traded via the platform, and since June 15 of this year, the numbers for Bakkt have been stuck at a big fat zero.To...

Ethereum co-founder Vitalik Buterin admitted in a tweet that the higher transaction fee on the second-largest blockchain network is opening the door to security risks. However, he said that the fee market reform EIP 1559 will solve this.Higher Transactions Fees Vs. Block Reward Encourage Malicious MiningIn a recent tweet, Buterin said that the transaction fee revenue had got closer to 50% of the block reward revenue on Ethereum.Transaction fee revenue is now nearing half as high as block...

Whale Alert has recently published the report in which it states that Satoshi Nakamoto, a mysterious founder of Bitcoin (BTC) also known as Patoshi, is supposed to mine 1,125,150 BTC what worth around $10.9 billion.Satoshi Nakamoto, the inventor of Bitcoin has mined $10.9 billion judging from recent reports by the analytics firm Whale Alert a few days ago. Satoshi Nakamoto, who also uses his alias, Patoshi was found to have protected the Bitcoin network in its infancy through his mining...

Proof of Work, a consensus mechanism, has proved to be the backbone of some of the leading and widely-adopted blockchain networks. These include Ethereum, Litecoin, and, of course, Bitcoin.Many from the blockchain industry have wondered how come Proof of Work (PoW) remained so resilient over all these years. Some are even baffled by its resilience as it has withstood a long list of challenges like growth, performance, and security issues over the years.Key Takeaways From 5 Years of PoWThe...

There appears to be a running theme of mixing politics with crypto, and the latest example comes by way of former Ron Paul campaign manager Craig Bergman.Bergman Sees Crypto in a New LightBergman was the political director for the Ron Paul 2008 presidential campaign. Since exiting the political spectrum, he has served as the president and CEO of a cryptocurrency mining company called Vortex Blockchain Technologies Inc. At the time of writing, the company currently focuses on mining bitcoin...

Is bitcoin readying itself for another bull run? According to crypto executive Charles Edwards and what’s known as the Hash Ribbon indicator, the answer is “yes.”The Hash Ribbon Is Appearing Once AgainThe last time a “Hash Ribbon” appeared was in late April. At that time, the world’s number one cryptocurrency by market cap was trading for around $7,500, more than $3,000 higher than where it had stood during the coronavirus peak in mid-March. From there, bitcoin ultimately rose to as high...

There has been very little action on crypto markets over the past 24 hours. The majority of high cap coins are cooling off again following minor movements over the weekend.Bitcoin is no exception, remaining range-bound as the tedium continues. BTC managed to top $9,300 again a few hours ago but has since declined back below $9,180, which is still within its channel of consolidation.The longer-term support zone is at the $8,800 level, so a break below this could see things go south very...