Mining

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,...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 779. Heute sprechen wir über folgende Themen: Youtube sperrt Krypto Videos und Kanäle & Ethereum Co-Founder Exit & 7.000 Bitcoin-Asics in China beschlagnahmt. 1.) YouTube Reinstates More Crypto-Related Content, Admits To Mistake Via Twitterhttps://cointelegraph.com/news/youtube-reinstates-more-crypto-related-content-admits-to-mistake-via-twitter 2.) Ethereum Co-Founder Exit? Whale versendet 92.000 ETH an...

Justin Sun – CEO of TRON – is never one to shy away from the press, whether the news emerging be negative or positive. The man appears to believe that all press is good press, and now he’s making headlines with his $1 million donation to Greta Thunberg.Sun: I’m a Lot Like GretaThunberg first rose to prominence in August of 2018 when she organized a student protest outside Sweden’s parliament. Her issue? That politicians weren’t doing enough to thwart the effects of climate change.Since then,...

Hassan Rouhani – the president of Iran – has suggested that all Muslim nations should come together and utilize a single cryptocurrency as a means of standing against U.S. sanctions and “manipulation.” He also suggested that relationships built through cryptocurrencies could potentially bring all participating nations closer together.Rouhani: Crypto Can Unite Us AllRouhani spoke at a recent summit in Kuala Lumpur – the capital of Malaysia – and commented:In the past, Prime Minister Tun Dr....

Data shows that Bitcoin’s hashrate has just hit a new all-time high of 111 EH/s, which represents a 170.73% increase since January 1, 2019. Bitcoin Hashrate. Source: Blockchain.comHash rate measures the amount of computing power used by miners to generate new blocks every 10 minutes, keeping the Bitcoin network running at all times, a process known as mining. The increasing hashrate could suggest that the network is getting more robust and secure, as the chance for a potential attack on it...

Place/Date: - December 24th, 2019 at 12:23 pm UTC · 2 min read Source: Eminer “Eminer was started with a simple idea. As long as Bitcoin is king, mining is fundamental”Eminer is a blockchain financial service platform that integrates computing power services, financial services, circulation services, and information services.Cloud computing service and Cloud BTC miner service have been launched.Eminer platform currently owns around 20,000 mainstream BTC miners and miners of other...

In its recent crackdown, the Chinese authorities have seized 7000 crypto mining machines alleged for illegally consuming electricity. The local Chinese media publication CCTV reported that the confiscation of crypto mining equipment as part of inspection across the country.Over the last few years, China has been the most lucrative destination for crypto miners. Regions like Sichuan produce an abundance of hydroelectric thereby making electricity available at a very cheap cost. We already know...

Nowadays lots of crypto analysts are looking forward to the halving event, wondering what it means and how the crypto community will respond to the changes. Mr. Ilya Goldberg, executive partner at ECOS believes: the halving event holds a much more positive change for the crypto environment than you may have initially thought.So what exactly is a halving event? In layman’s terms, it is when the reward for mining new Bitcoin blocks is cut in half, and it occurs every 210,000 blocks. If we look...

At the time of writing, bitcoin is on something of a rebound. The currency has recently spiked back into the $7,100 range despite falling to $6,800 as early as last week, but one source says we should have “seen this coming.”Bitcoin Is Moving on UpAccording to new data regarding mining operations, the price of extracting a new bitcoin costs roughly $6,300. Thus, it’s unlikely that bitcoin will ever fall below that level. Just a few days ago, bitcoin came dangerously close to that point, but...