Mining

The Open Network (TON) ecosystem has seen an exponential surge in growth and innovation, becoming a beacon for developers and investors alike in the world of cryptocurrencies. Initially conceptualized by Pavel Durov as the blockchain platform for Telegram, TON has evolved into a robust and scalable network, boasting high transaction speeds and user-friendly applications. This article aims to shed light on five promising cryptocurrencies within the TON ecosystem,...

[PRESS RELEASE – Road Town, Tortola, British Virgin Islands, March 27th, 2024] GoMining, a world-leading firm widely recognized for its groundbreaking concept of seamlessly mining Bitcoin via the ownership of NFTs backed by computing power, is pleased to announce the introduction of an updated community-driven in-platform voting system. From now on, every community member will have the opportunity to influence platform development by submitting ideas and participating in a...

[unable to retrieve full-text content]CoinspeakerReport: Corporate Bitcoin Mining Is Threat to Future of BTC Wall Street funding of public Bitcoin mining companies has affected the incentive structure behind mining activities. Report: Corporate Bitcoin Mining Is Threat to Future of BTC

[unable to retrieve full-text content]CoinspeakerTexas Bitcoin Miners Teamed Up with Argentinian Firms for Sustainable Mining Operations Argentina, ranked 12th among global me­thane emitters pe­r World Bank data, presents opportunities for mine­rs beyond Giga seeking to capitalize­ on this greenhouse gas. Texas Bitcoin Miners Teamed Up with Argentinian Firms for Sustainable Mining Operations

As the much-anticipated Bitcoin halving event looms in late April, a migration of outdated mining equipment from the United States to regions offering cheaper electricity is underway. This migration is driven by the need to maintain profitability due to reduced mining rewards and escalating operational costs. US Bitcoin Miners Prepare for Halving According to a Bloomberg report, approximately 6,000 aging Bitcoin mining machines are set to be decommissioned in the U.S., with...

Ripple’s price has been trending lower against BTC and consolidating against USDT. While XRP has been underperforming over the last few months, investors can still be optimistic as significant support levels are available. Technical Analysis By TradingRage The USDT Paired Chart Against USDT, the XRP price has been steadily declining since failing to break through the $0.7 resistance level. However, support has been found to be around $0.6, preventing further drops. Should...

Jian Wen, a former takeaway worker residing in north London, was found guilty of one count of money laundering after she was found with Bitcoin worth over $2.5 billion (£2 billion) in 2018. Jian Wen assisted a Chinese fugitive known to Wen as Zhang Yadi, whose real name is Qian Zhimin, in laundering the BTC funds. The Bitcoin Laundering Case Wen was found with Bitcoin valued at over £2 billion, which she had been involved in converting into assets such as multi-million-pound...

[unable to retrieve full-text content]CoinspeakerAvalanche Foundation Announces $1M Mining Incentive Memecoin Rush Program to Improve Ecosystem Liquidity Avalanche will off $1 million in incentives via the Memecoin Rush program to improve liquidity and general accessibility of community coins. Avalanche Foundation Announces $1M Mining Incentive Memecoin Rush Program to Improve Ecosystem Liquidity

Avalanche Foundation, the non-profit organization behind the Avalanche ecosystem, has launched the first phase of a $1 million liquidity mining incentive program dubbed Meme Coin Rush. According to an announcement seen by CryptoPotato, the first phase has been kicked off with participation from liquidity management and decentralized market-making platform SteakHut and decentralized exchange Trader Joe. Avalanche Begins Memecoin Rush Meme Coin Rush was created to help scale...

Bitcoin mining firm Core Scientific announced that total revenue for fiscal year 2023 amounted to $502.4 million, reflecting a decrease of $137.9 million or 22% from the $640.3 million recorded in the previous year. Core Scientific said that it had successfully mined 19,274 BTC (valued at approximately $1.4 billion) during 2023 despite undergoing bankruptcy. Core Scientific Reports Revenue Fall According to the official press release, the decline in total revenue stemmed...