Several cryptocurrency mining projects – particularly those devoted to extracting new Ethereum tokens – have been pulled away from their mining duties and been made to turn their attention towards coronavirus research.Ethereum Mining Rigs Are Helping to Battle the CoronavirusThe coronavirus was recently declared a global pandemic by the World Health Organization (WHO). As many as 245,000 people have been infected with the virus at the time of writing, while more than 11,000 deaths across the...
Read More »One Of The Biggest Bitcoin Mining Difficulty Adjustments Scheduled For March 25th
Bitcoin went through a serious decline over the past weeks amid the spreading coronavirus and the financial turmoil that it’s causing. As such, the decreasing prices have pushed miners to switch off some of their equipment to reduce costs.However, it’s situations like these that showcase the networks ingenuine design and its ability to self-sustain. One of the biggest Bitcoin mining difficulty adjustments is scheduled for March 25th and it should offset the decreasing profitability.10%...
Read More »Bitcoin Halving Delayed? Following Recent Bitcoin Sell-Off, Average Block Time Increased To 14 Minutes
The latest steep declines in Bitcoin’s price have pushed miners to switch off some of their equipment to reduce costs. Consequently, this slowed down the average daily block time by as much as 70%.Miners’ Response To The Price DropMiners are the backbone of Bitcoin and any other Proof-of-Work-based cryptocurrency. They create new bitcoins by using hardware to solve complicated computer equations. The miner who solves them the fastest receives the reward (fee) for the transaction, which he...
Read More »Bitcoin Popularity Is Growing Heavily Amongst Middle Easterners
As of late, many people have been questioning whether bitcoin qualifies as a “safe haven” asset. Some say no, considering it was not able to withstand the pressures caused by panic over the coronavirus.The Middle East Sees Bitcoin DifferentlyHowever, it looks like many traders and miners in the Middle East would disagree. Evidence suggests that bitcoin and other forms of crypto qualify as safe havens in these states, given they face tough economic conditions and sanctions brought on by the...
Read More »Coronavirus: Nvidia ruft Gamer und Bitcoin-Miner zum gemeinsamen Kampf gegen Covid-19 auf!
Coronavirus: Ein neues Netzwerk soll bei der Simulation der Faltstruktur von Proteinen helfen. Nvidia fordert die Besitzer von Gaming-PCs und Bitcoin-Miner auf, ihre Systeme im Kampf gegen COVID-19 einzusetzen. Im Prinzip jeden, der eine leistungsstarke Grafikkarte hat und damit Rechenleistung zur Verfügung stellen möchte. PC Gamers, let’s put those GPUs to work. Join us and...
Read More »Bitcoin Miners Are Set to Suffer Following Price Drops
The coronavirus has got crypto crashing as of late, but it’s not just the individual coins themselves that are suffering. Miners are also experiencing the harsh realities of a falling industry.Bitcoin Miners Are Likely to Be Hit HardAt the time of writing, bitcoin—the world’s number one cryptocurrency by market cap—is trading for a flimsy $5,300, and even this is nowhere near as low as the number ($4,100) that bitcoin struck during yesterday’s late-night hours. Overall, the asset is down by...
Read More »Crypto Mining Is Providing Its Users with Amazing Flexibility for Mining Bitcoin and Altcoins
Crypto Mining is a platform that offers benefits to different target groups: beginners, enthusiastic home miners and large scale investors.“How can I mine cryptocurrencies easily?” that’s a question most crypto enthusiasts have asked Google time and again. But once presented with ideas like “buy the best mining rig,” or “join a mining pool,” the user is often left more confused than when they had begun their search. Nonetheless, this has become a thing of the past thanks to Crypto Mining, a...
Read More »#830 PlusToken Verkauf Bitcoin Crash & BTC Rückgang gefährlich für Miner
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 830. Heute sprechen wir über folgende Themen: Bitcoin-Rückgang wegen Ausverkauf: PlusToken verkauft 13.000 BTC & Bitcoin Flash Crash gefährlich für Miner. 1.) Bitcoin-Rückgang wegen Ausverkauf: PlusToken verkauft 13.000 BTChttps://de.cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts 2.) Der Flash-Crash des Bitcoin Kurs kann riskant für Miner...
Read More »Top 6 Methods to Earn Money from Cryptocurrencies
Making money with cryptocurrency may sound scary at first, however, there are some convenient ways in which one can profit from the cryptocurrency boom. The cryptocurrency market is hitting a new high, more and more people want to invest in it and make the most of the price movement. That said, not everyone successfully ends up doing that. From overnight millionaires’ success stories to painful tales of the ridiculously high amount of tax owed, this market is a place where fortunes can be...
Read More »Mining Enterprise Canaan Hit with Investor Lawsuit
Bitcoin mining giant and competitor to Bitmain Canaan Inc. (aka Canaan Creative) is being sued by investors who claim that the company has violated several industry laws.Canaan Is Taking a Hard HitThe suit was filed in Oregon last Wednesday by investor Phillippe Lemieux, who believes the enterprise lied to shareholders following its recent initial public offering (IPO). Lemieux claims that the company presented false information about its financial well-being and about its status with the...
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