Mining

The sudden rise of decentralized finance (DeFi) applications in 2020 has rearranged the cryptocurrency landscape. In a little over two years, a combined sum of $2 billion has made its way into various DeFi protocols, while giving birth to the “yield mining” meme in the meantime.With this in mind, it perhaps shouldn’t be a surprise to learn that searches for Aave have exploded on Google Trends. Aave (LEND) is the third-largest lending protocol on Ethereum, with over $138 million locked in, and...

According to Charles Edwards, founder of crypto asset management firm, Capriole Investments, Bitcoin’s Energy value hit an all-time high. That’s not all. The cryptocurrency’s mining hash rate also posted fresh highs yesterday. Will Bitcoin (BTC) price follow next?Bitcoin’s ‘Intrinsic Value’ Is On the Way UpAs per a tweet posted by Mr. Edwards, Bitcoin’s Energy Value is the cryptocurrency’s ‘intrinsic value.’ This indicator propounded by him has hit new highs and is reason enough to be...

Cryptocurrency appears to be garnering more and more attention as the coronavirus spreads. According to crypto lending platform Block Fi, the company’s monthly revenue has doubled since cases began to spike, suggesting that more people are beginning to see BTC and other forms of crypto as the ultimate way of hedging their wealth against inflation and other economic problems.Block Fi Is Heading for the TopHowever, in a blog post, the company suggests that the bitcoin halving that occurred at...

Sébastien Gouspillou, CEO de Bigblock Data Center, confirme la mise en service prochaine (pendant l’été) de la première tranche d’une nouvelle ferme de mining de bitcoin dans le parc national des Virunga à l’Est de la République démocratique du Congo. Inscrit au patrimoine mondial de l’UNESCO depuis 1979 pour son exceptionnelle biodiversité, le parc est engagé depuis 2011 dans un programme de développement durable mené par l’Alliance...

After a podcast with popular Bitcoin proponent Anthony “Pomp” Pompliano, the famous comedian Bill Burr said that he will buy BTC. Fellow comedian and co-host Bert Kreischer regretted not buying Bitcoin before but seemed more interested in purchasing mining equipment.Current Economic SituationCo-founder and partner at Morgan Creek Digital Anthony Pompliano recently appeared in a podcast jointly hosted by two popular comedians – Bill Burr and Bert Kreischer.Bill Burr (left) and Bert Kreischer...

By examining a well-known technical component, the popular YouTuber The Moon believes that Bitcoin could be heading towards $6,000 in the next few months if it breaks the vital $8,500 level.Bitcoin And The Wyckoff Distribution PatternThe cryptocurrency analyst initially posted the chart on Twitter in which he has inserted BTC’s current position on the Wyckoff distribution pattern. It works as a medium-term technical instrument that begins in a preliminary supply stage (PSY) where the asset’s...

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...