Mining

BHP, formerly known as BHP Billiton, has successfully completed its first blockchain trade deal with China Baoshan Iron & Steel Co Ltd worth $14 million.Anglo-Australian multinational mining company, BHP announced that it has successfully made its first blockchain-based transaction with China Baoshan Iron & Steel Co Ltd. According to the media, the transaction that is estimated to be worth $14 million was facilitated by a Canadian technology firm MineHub.Despite being immature in the...

It looks like North America is about to become a major player in the bitcoin mining sector thanks to companies like Core Scientific.Core Scientific Is Paving the WayThe enterprise has recently inked a deal with a mining equipment venture in Malaysia to purchase more than 17,500 Antminer machines from Bitmain. The company has already gotten its hands on some of these machines and have installed them so that miners can begin extracting new coins. The rest of the machines are slated to arrive by...

Was Obyte so besonders macht? Im Gegensatz zu den meisten anderen Altcoins setzt Obyte nicht auf eine klassische Blockchain, sondern auf ein DAG. Der sogenannte Directed Acyclic Graph ist zwar nicht unbedingt neu, macht Obyte dennoch zu einem speziellen Cryptocoin, der viele Probleme der Blockchain-Scalability lösen könnte.Crypto News: Obytes DAG im Vergleich zur BlockchainObyte hat in seinem offiziellen Blog eine detaillierte Zusammenstellung veröffentlicht, welche die Blockchain und das DAG...

Russia starts using 5G network on autonomous mining dump trucks A 5G pilot zone has been deployed for the first time at the SUEK coal company open-pit mine in Khakassia, Russia to test the potential of 5G as part of an autonomous haulage system developed by Zyfra, Finnish-Russian industrial digitalization leader. The pilot project is trialed on 130 tons BELAZ-7513R autonomous mining dump trucks. Robotic dump trucks are part of the Zyfra...

We’ve often heard about how much bitcoin is presently circulating throughout the financial markets. At the time of writing, about 18 million units of BTC have been extracted or mined since the currency was founded, which means that there are only about three million units left.Bitcoin Is Close to Being Fully MinedBitcoin is a finite currency. It cannot be continuously printed or developed the way fiat can, and analysts say there are only about 21 million bitcoin units available to the world....

Bitcoin suffered a 3% price drop on Wednesday, coinciding with the largest flow of BTC from miners to exchanges in over a year.BTC Flows From Miners to ExchangesThat’s according to data from blockchain analysts at Glassnode, which showed a huge transfer of 2,650 BTC going from Bitcoin miners to the Bitfinex exchange on Tuesday. Seen below, that equates to the largest transfer of BTC from miners to exchanges since March 26, 2019.The last time such a large volume of BTC moved from miners to...

Ripple is moving its wheels faster than the prior years in increasing XRP adoption and also onboarding more customers on its ODL services and the Asian market will be one of the priorities for the company in the nearest future.Through an interview that was published on June 19, 2020, Adam Traidman the CEO of SBI Ripple Asia, BRD wallet and SBI Mining Chip Co. confirmed that ODL capabilities are going to go full scale in Asia market later this year or early next year.Among other issues...

An average of $15 million worth of ETH has been locked into Ethereum’s DeFi protocols each day for the past week. That equates to more than four times the amount of Ethereum, which is produced every day as a result of mining.Ethereum’s DeFi Protocols See Huge InfluxAccording to data from DeFiPulse.com, over $500 million entered various DeFi protocols in the past seven days, averaging just over $78 million per day. Lock-ins of ETH specifically numbered 461,000 in that time, equating to an...

Recent data indicates that Ethereum miners prefer holding their mined coins and have increased their balance in the past few weeks. At the same time, the number of ETH addresses containing from 100,000 to 1,000,000 coins have jumped by nearly 5% in June alone.Ethereum Miners HODLBecause of the current proof-of-work consensus algorithm that Ethereum employs, the network relies on miners to use their time and processing power to solve cryptographically difficult puzzles. If successful, miners...

It looks like bitcoin SV (BSV) and cryptocurrency exchange Binance – the largest and most popular cryptocurrency trading platform by daily volume – are at each other’s throats.BSV Is Angry About Binance’s DecisionsThe two companies are fighting with each other over Binance’s decision last year to delist the new cryptocurrency token made popular and consistently promoted by Australian tech entrepreneur Craig Wright. Jimmy Nguyen – the president of bitcoin SV (Bitcoin Satoshi Vision) – has said...