Mining

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...

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...

The GoldFinX blockchain will allow you to track gold at all stages of supply, from its production to its final destination, to verify the legality of ore mining.Recently, in search of easy and big profits, to the crypto market have come many new investors who thoughtlessly invested money and manipulated the price of cryptocurrencies, as a result of which this Big Bubble burst. The great and terrible “Crypto-disaster of 2018” happened during which many coins either lost their entire price or...

A recent report indicated that one transaction involving the largest cryptocurrency uses the same amount of electricity as a British household for nearly two months.98% Of Mining Rigs Never AchieveEssentially, Bitcoin mining is the process of creating new coins and confirming initiated transactions. It’s executed by “miners,” who are solving complicated equations. On average, every 10 minutes, a new block is added to the giant distributed public ledger of already existing transactions,...

A power plant in upstate New York known as Greenidge Generation says it’s mining up to $50,000 in new bitcoins each day.Greenidge Has the PowerThe average number of new coins extracted through the plant – which has been using its own energy reserves to get the job done – has been 5.5. Greenidge Generation says it’s looking to potentially put the U.S. on the map as a serious crypto competitor to China, which at the time of writing, controls much of the world’s bitcoin mining power.The company...

Bitcoin hash rate hit its all-time high and set a new record. Meanwhile, BTC price came back to the $9,000 price level with the bulls showing their strength over the bears.Bitcoin hash rate has set an all-time high after surpassing the previous set record of 150,000 PH/S. This is according to data from Coin Dance, which gives monthly feed on harsh rate. This coincided with the sudden recovery of BTC price to hit $9,000 after days of losing.If the price continues pushing upwards, it shows...

Bitcoin halving is one of the major reasons for volatility increase before May 2020. Miners increased their effors in mining Bitcoin. But during a coronavirus attack, it may be difficult to resist the temptation and sell coins to buy masks and disinfectors.After Bitcoin price reached $10,000 last week, it hasn’t been moving back and traders are wondering what happens next. Next Bitcoin halving and coronavirus fears force worldwide crypto communities to protect their family from both the...

Bitcoin’s hash rate just hit another new all-time high of 136 EH/s, an indication that miners are not backing out despite the recent selling pressure which led to a slump in the price of BTC last week.Miners Are Bullish On BitcoinData on Blockchain.com suggests that Bitcoin’s hash rate has been increasing steadily since the start of 2019. And now the network is processing as much as 136 quintillion hashes per second, which is about 25 quintillion increase since the last ATH in December last...

Tom Lee, Gründungsmitglied des Investmentfonds Fundstrat, erklärte, dass Investoren den Preis für Bitcoins in die Höhe treiben, wenn die Kryptowährung groß genug wird. Auf der Coingeek-Konferenz 2020 erläuterte er in seiner Rede außerdem, dass der Krypto-Markt nach wie vor „winzig“ sei. Im Verhältnis zu traditionellen liquiden Mittel beträgt der Krypto-Anteil lediglich 0,1 Prozent und sei demnach...

Layer1 Technologies – a bitcoin mining startup operating in West Texas – has opened its doors for business.Layer1: We Want to Compete with ChinaThe company has specifically mentioned that it’s looking to counter bitcoin and crypto mining activity in China, which up until this point, has long been considered the world’s number one bitcoin and digital currency haven. At the time of writing, Layer1 has unveiled several 2.5-megawatt containers and is extracting several new coins.The history of...