Mining

The cryptocurrency industry continues to comingle with that of artificial intelligence in what is reported as a new deal between tech heavyweight Microsoft and former Ethereum miner – CoreWeave. According to recent coverage by CNBC, Microsoft has signed a deal with the former Ethereum miner – CoreWeave. It’s worth noting that CoreWeave has spun up its usage of cloud computing infrastructure from Ethereum mining and is currently one of the rapidly developing providers. It...

Stocks in Europe and Asia have risen in response to the debt ceiling increase approved by lawmakers in the US. Stocks in Europe opened higher today after the US Senate approved a bill to suspend the government’s debt ceiling. Following a 63-36 vote, US lawmakers agreed to raise the debt ceiling to prevent the country’s first-ever debt default. Congress has now sent the approval to President Joe Biden for assent. As of 9:30 am London time this morning, the STOXX Europe 600 climbed 0.7%...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up HappyMiner is a cloud mining company that allows individuals to return investment through its cloud mining services. The company is pleased to announce new affordable cloud mining plans. To address the latest innovation, HappyMiner announces new affordable cloud mining plans. It enables individuals to invest in...

Sustainability-focused Bitcoin mining firm CleanSpark is expanding its ASIC fleet by 12,500 units after investing $40.5 million into new hardware.  The added equipment is projected to bring CleanSpark’s total hash rate to over 16 exahashes per second (EH/s).  CleanSpark’s Mining Discount According to a press release from CleanSpark on Thursday, the firm’s newly purchased fleet of Antminer S19 XP machines worked out to a cost of $23 per terahash ($/TH).  Data from Hashrate...

Ethereum has been consolidating within a narrow price range, tightly bound by the upper limit of the descending flag pattern and the 100-day moving average. However, a breakout is imminent and will determine the subsequent direction of the cryptocurrency. Technical Analysis By Shayan The Daily Chart Examining the daily chart, Ethereum demonstrated a period of stable price action around the $1790 mark, near the 100-day moving average, before gaining support and embarking on an...

In den letzten Jahren hat die Blockchain-Technologie eine Revolution in der Finanzwelt ausgelöst. Eine der bekanntesten Anwendungen der Blockchain ist Bitcoin, eine dezentrale digitale Währung. Doch wie entstehen Bitcoins und wie funktioniert das sogenannte Mining? In diesem Leitfaden werden wir das Geheimnis des Bitcoin-Minings Schritt für Schritt enthüllen und es auch für Anfänger verständlich machen. Schritt 1: Verständnis der Blockchain-Technologie Bevor wir uns mit dem Bitcoin-Mining...

Mining is at the forefront of the security and overall concept of many digital currencies, including Bitcoin and many others. However, setting up a mining operation is difficult. The upfront cost to make it economically viable is considerable, but it also requires a lot of technical knowledge, ongoing fine-tuning, and a myriad of other activities that many regular users simply don’t have. This is where solutions such as cloud mining come into play. The following takes a...

Chip-manufacturing giant NVIDIA (NDVA) surpassed a $1 trillion market cap, bringing the company’s total value close to that of all cryptocurrencies in the world combined. The company’s stock opened at $405.96 on Tuesday, before rising as high as $416.39 by 9:50 am ET. The 6% pump marked a 52-week high for the company. Shares have since cooled to just $402.53 a piece as of 12:47 pm ET, bringing them slightly below the $404.86 level needed to maintain a $1 trillion value.  The...

The Biden Administration’s federal budget proposal to charge a 30% tax on all Bitcoin miners in the United States has been scrapped, a national policymaker confirmed on Sunday.  The withdrawal is part of a series of tax-related concessions made by the administration in negotiations surrounding the nation’s fast-approaching debt ceiling. No More Mining Tax Ohio Rep. Warren Davidson shared the text for the newly proposed debt ceiling deal on Sunday – a culmination of...

The recent US debt ceiling deal has struck out the previous crypto tax bill proposed by the Biden administration.  Congressman Warren Davidson has confirmed that the recent US debt ceiling deal blocks a potentially pivotal crypto tax bill proposed by the Biden administration. Davidson’s confirmation came as a response to a tweet by Bitcoin advocate and Riot Platforms research executive Pierre Rochard asking for clarity. Following Sunday’s debt ceiling agreement between US President Joe...