Mining

BTC/USD is currently trading at $7,861 (+1.4% from the beginning of the day). The crypto is in motion as part of a vigorous bull trend in Asia amid growing volatility and a tested zone past the $8,000 price level.As Bitcoin halving approaches, several market analysts are trying to project how this will influence the price, while in some other forecasts, an analyst said that dominance in the Bitcoin market may not surpass 75%, and price recovery may be limited to $15,000.The Bitcoin sphere...

Two of the largest corporations in Japan, SBI Holdings and GMO Internet Inc., have found their way into the bitcoin mining sector through a connection with Frankfurt-based company and owner of the world’s largest Bitcoin mine, Northern Bitcoin AG. According to Bloomberg, an agreement between the two Japanese firms and Whinstone Inc., a subsidiary of Northern Bitcoin AG, will enable SBI and GMO to start their mining operations in the coming months by using rented capacity at Northern Bitcoin’s...

Google has taken a stance against an Ethereum application it thought was mining cryptocurrency.Google Moves Against Crypto – AgainThe application is known as Meta Mask, and Google has removed the wallet from its Play Store – only to quickly reinstitute it. Following a quick reexamination of the situation, Google has decided that the application was not extracting new coins like it thought and has made the application available for download once again.If this sounds familiar, it’s because...

Als Satoshi Nakamoto, der Erfinder von Bitcoin, die digitale Währung einführte, erläuterte er, wie das Peer-to-Peer-Netzwerk für digitale Zahlungen funktionieren würde, um schnelle, sichere und unzensurierbare Transaktionen zu ermöglichen. Im ursprünglichen Whitepaper erläuterte er das Protokoll, mit dem neue Coins im Bitcoin-Netzwerk in Umlauf gebracht werden. „Die erste Transaktion in einem Block ist eine spezielle Transaktion, die neue Coins generiert, welche dem Ersteller...

Darn it! China was doing so well, too. Following all the hype and hoopla about China finally saying “yes” to bitcoin mining, it seems the country doesn’t have enough electricity to provide for all the new operations.China Says, “Slow Things Down!”China recently announced that all cryptocurrency mining activity would be legal within its borders. This was a big deal considering the country’s strained relationship with bitcoin and its altcoin cousins. For one thing, regulators were long debating...

Today January 3, 2020, marks the completion of 11 years since Bitcoin founder Satoshi Nakamoto created the Genesis Block on the Bitcoin network. Also called ‘Block 0’, the Genesis Block was the first-ever block available on the Bitcoin blockchain.Six days later on January 9, 2009, Satoshi Nakamoto released the first Bitcoin software client. Thus, the crypto community often celebrates January 9 as the birthday of Bitcoin when Block 1 was mined.Although the usual block time on the Bitcoin...

Sichuan ist eine chinesische Provinz, die im Südwesten des Landes. Foto: Chengdu Strommangel: China zwingt Bitcoin-Miner zur Senkung der Schürf-Effizienz. Aufgrund der bevorstehenden Trockenzeit hat Chinas Regierung Bitcoin-Miner in der Provinz Sichuan dazu gezwungen, ihren Stromverbrauch drastisch zu reduzieren und bei Vergehen harte Massnahmen angedroht. Strombedarf der...

Der BTC Kurs konnte zum Jahresende nicht mehr anziehen, der Höchststand aus 2017 blieb im letzten Jahr unerreicht. Die Hash Rate jedoch stieg am 1. Januar 2020 auf ungefähr 119 Quintillion Hashes per Second und damit auf einen neuen Rekordwert.Bitcoin News: Bitcoin Hash Rate mit neuem HöchstwertEine ungeschriebene Regel des Marktes lautet:Der Preis folgt der Hash Rate.Und so wartet der Markt aktuell darauf, dass der neue Rekordwert der Hash Rate auch den BTC-Kurs anschiebt – allerdings bisher...

Unknown miners currently account for 69.44% of the Bitcoin Cash hashrate. Established mining pools have disappeared completely. Others had their network influence cut in half. The same issue arose in April, when an unknown miner named Satoshi Nakamoto came close to controlling a majority of the BCH mining power. The Bitcoin Cash (BCH) network could be on the verge of a malicious attack after an unidentified mining pool assumed control of 70% of the blockchain’s hashrate.That’s according to...

Is China suddenly withdrawing the legality of cryptocurrency mining?China Takes a Stab At a Mining OperationRecently, the country – which has held a rather negative attitude towards bitcoin and digital currency – announced that the process of mining and extracting new digital coins was legal. China had been engaged in a hot debate over the legality of crypto mining given that it was allegedly causing irreparable damage to the environment. However, after several months of going back and forth,...