Mining

The real buzz in the cryptocurrency industry right now is about the long-awaited Bitcoin third halving, which is only a few hours away. Expectedly, results in Google Trend show an increasing interest in the topic.Bitcoin 2020 Halving In HoursEveryone, including critics, is alert as the Bitcoin miners move closer to block 630,000, where the mining reward is scheduled to half from 12.5 BTC to 6.25 BTC. At the time of this writing, the current block is 629967, meaning there are less than 35...

The median confirmation time for transactions with miner fees to be included in a mined block and added to Bitcoin’s ledger has decreased substantially on the day that the halving is estimated to take place. If the rate continues as it is, the event will take place a few hours sooner than expected.10 Blocks Mined in 47 MinutesAccording to information from Blockchain.com, the average time for the network to generate new blocks has decreased substantially.Blocks 629952 through 629961 were mined...

Bitcoin mining company Riot Blockchain has announced the purchase of more than 1,000 additional mining machines in the face of bitcoin’s latest halving event, set to occur on Tuesday of next week.Riot Blockchain Is Boosting Its EffortsThe company put out a statement explaining that it has bought 1,040 next-generating Bitmain S19 (95 TH) Antminers. Overall, the company spent just shy of $2 million on the machines. The company says it will use these machines to up the ante on its mining...

A designated team at Cambridge University has just released The Bitcoin Mining Map. The digital tool shows the geographical location of Bitcoin hash rate distribution and the countries where it’s concentrated.The Bigger PictureThe tracking tool enables users to locate and keep an eye on the monthly share of the global hash rate of different countries, starting from September 2019. The bitcoin tracker will also provide users with an additional second map consisting of focused, detailed and...

Bitcoin Mining Map Das Cambridge Centre for Alternative Finance publiziert immer wieder sehr wertvolle Studien über das Bitcoin-Netzwerk. Insbesondere im Bereich Stromverbrauch ist die Forschung die Universität von Cambridge federführend. Daher ist folgende Publikation absolut spannend und brisant: Eine Karte die aufzeigt, wo auf der Welt die Bitcoin Mining Geräte verteilt...

Sun Kissed Industries, Inc.’s Numuni Inc. subsidiary says that it sees bitcoin mining as a key source of revenue for its digital media platform.Numuni Is Getting Into Mining At an Odd TimeThe company works to ensure digital content creators garner funds for their work. The company recently put out a statement suggesting that it may get into bitcoin and cryptocurrency mining in the coming weeks, though it’s probably not thinking everything through.For one thing, miners are about to lose a lot...

Merely days ahead of the Bitcoin halving, Ukraine and Iran are taking steps into expanding mining services within their borders.Ukraine plans to utilize excess nuclear power, while the Asian country has granted a license to a Turkish company to operate up to 6,000 mining rigs in Semnan.Nuclear Power Utilized For Crypto Mining?The Ukrainian Ministry of Energy and Environmental Protection recently published a press release outlining the possibility of adopting cryptocurrency mining soon....

The Bitcoin halving 2020 will be here in just one short week. And while we don’t know the exact date and time yet (more on that in a minute), it’s a fairly big deal. That’s because if we look at previous Bitcoin halvings, we see a pretty clear trend of the Bitcoin price rising shortly after the halving. So what exactly is “the halvening,” why does it happen, and why don’t we know when it will occur? In this article we’ll explain everything you need to know. What does the...

10 years have passed since the birth of Bitcoin and the first use of Blockchain, a technology that has not stopped evolving, and it is no wonder. Blockchain has opened a huge world of opportunities for both large companies and individual users, not only for the development of new applications or improvements to computer systems but for the possibility of obtaining rewards through cryptocurrency mining, thus creating a market which is more competitive every day. In this sense, we see that...

As BTC halving is expected to happen next week, Bitcoin network’s mining difficulty has reached close to its all-time high of 16.55 trillion. Bitcoin’s mining difficulty adjusts itself every two weeks or every 2016 blocks depending on the competition in each adjustment cycle.We are just seven days from one of the most-awaited events of 2020, the next Bitcoin halving. Next week, the world’s largest cryptocurrency will undergo halving cutting the mining rewards to half. As scheduled, Bitcoin’s...