Mining

On Nov. 8, bitcoin’s mining difficulty fell for the first time in 2019, but what does this mean for the industry going forward? On Monday, bitcoin’s mining difficulty adjusted itself down by 7%, making it easier for miners to solve algorithms, and thus mine blocks. As to why this occurred, it appears to be in conjunction with bitcoin’s recent price drop. Mining difficulty is set to reconfigure itself every 2016 blocks, or roughly every two weeks. Difficulty modulates based on how long it...

Bitcoin’s mining difficulty represents a number which regulates the overall time that miners must include new blocks to the blockchain. Historically, however, there’s somewhat of a pattern that might show a specific correlation between difficulty adjustments and the performance of Bitcoin in terms of price, and we might be on the verge of another bull run.Next Bitcoin Difficulty Adjustment Coming On November 21stWhen it comes to Bitcoin’s mining difficulty, its value is updated on a biweekly...

Canaan Creative, the Chinese Bitcoin mining company is all set to go public by listing its shares on the Nasdaq trading platform next week on November 20. As we have already reported, Canaan filed for its U.S. IPO on October 28, with Galaxy Digital, Credit Suisse, Citigroup and four other underwriters.Canaan is one of the biggest rivals of Bitmain in the crypto mining space. As per the report, Canaan is planning to raise around $400 million from its IPO. However, it is unclear at this stage...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 747. Heute geht’s um folgende Themen: Erster Bitcoin ATM Einbruch Deutschlands, Bitcoin-Mining-Schwierigkeit geht stark zurück & Alibaba Bitcoin Rewards. 1.) Bitcoin ATM – Erster Einbruch Deutschlands gemeldethttps://cryptomonday.de/bitcoin-atm-erster-einbruch-deutschlands-gemeldet/ 2.) Bitcoin-Mining-Schwierigkeit geht stark zurück: Hashrate...

It’s awful when something you’ve created is being used in a bad way, and C++ software language creator Bjarne Stroustrup is feeling this firsthand, but how accurate are his thoughts?Stroustrup: Not a Big Bitcoin FanStroustrup is the builder of C++, which is a programming system that’s used to power all kinds of new software platforms – including bitcoin mining. In a recent interview, the tech genius explained that while he’s very proud of his creation on an individual level, he has no control...

Singapore’s central bank – Monetary Authority of Singapore (MAS) – has recently joined hands with Wall Street giant JP Morgan and Temasek. The partnership aims to build a blockchain-based prototype for cross-border multi-currency payments.The announcement comes just a time when global banking institutions are exploring blockchain and digital currency payments. MAS also said that its blockchain prototype can carry payments in different currencies on the same network. In the official press...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 746. Heute geht’s um folgende Themen: Neue Krypto Partnerschaft in der Schweiz, Tunesien gibt eigene digitale Währung auf Blockchain aus & Meatec.io Antminer S9 Gewinnspiel. 1.) Neue Krypto-Partnerschaft! Wird die Schweiz endgültig zum Bitcoin-Paradies?https://coin-update.de/neue-krypto-partnerschaft-wird-die-schweiz-endgueltig-zum-bitcoin-paradies/ 2.) Tunesien gibt eigene digitale Währung auf Blockchain...

Yang Zuoxing, CEO at MicroBT, is under investigation by the local police. The investigation is allegedly related to a dispute over Bitmain’s intellectual property rights. Yang nor MircroBT have released an official statement. A former Bitmain employee, Yang Zuoxing, is under investigation by the local police in China. The case appears to be related to a dispute involving the intellectual property rights of the mining giant corporation. Open Investigation According to a report by the Chinese...

Bitcoin mining in China is no longer in the line of fire.Bitcoin Mining Is A-OKFollowing several years of going back and forth on the subject, regulators within China’s borders have finally decided that bitcoin mining should be allowed to continue without interference from the government. The country had long considered banning the process of extracting new bitcoins as a means of protecting the environment, though now it appears those fears have subsided.The bulls are seeing this as a huge...

Bitmain is going through a power struggle between its main founding members. Jihan Wu told Bitmain’s staffers that Micree Zhan was being laid off. Zhan said he was ousted without consent and is prepared for a legal battle. Bitmain Co-Founder Micree Zhan was recently forced out of the firm without any consent or prior knowledge. Now, the world’s richest crypto billionaire is preparing to go to court, if necessary, to guarantee his return to the mining giant. Power Struggle A civil war has...