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Mining

Wird Gold bald wertlos?

Die aktuelle NASA-Mission OSIRIS-REx ist erfolgreich verlaufen und ziemlich spektakulär: Das erste Mal wurde Gesteinsproben von einem Asteroiden auf die Erde gebracht: OSIRIS-REx ist eine Raumsonde der NASA zum Asteroiden Bennu, die am 8. September 2016 gestartet wurde. Am 24. September 2023 gelang es, Proben von der Asteroidenoberfläche nach Rückflug und erfolgreicher Landung einer Rückkehrkapsel zu bergen. Im Prinzip ist dies das erste Mal, dass Asteroid Mining erfolgreich durchgeführt...

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CGMD Miner Redefines Cloud Mining in the Simplest Way

 Conventional cryptocurrency mining methods have become unsustainable due to high electricity and hardware management costs. Amid this scenario, CGMD Miner positions itself as a leading cloud mining platform that stands out as a beacon of opportunity for users seeking a seamless entry into the mining arena. The cutting-edge platform is designed with a mission to make acquiring cryptocurrencies easy and fast for everyone. With CGMD Miner, users can step into the world of...

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Bitmain Invests $53.9 Million in Core Scientific to Support Mining Operations

Core Scientific, Inc., a prominent player in high-performance blockchain computing data centers and software solutions, has revealed that Bitmain, a global leader in manufacturing digital currency mining servers, will be making a significant investment of $53.9 million in it. This move further strengthens the longstanding relationship between the two companies. Bitmain and Core Scientific have agreed to acquire new Bitcoin mining equipment and host a new hosting agreement....

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Mining Bitcoin Or Ethereum Can Be Daunting, Bitcoin Spark Ends Mining Fears

The decentralized platform has made an immense surge in market capitalization. This is pivoted by the entrance of various projects that seem eye-catching to entrepreneurs. These projects have mining pools within their networks. For instance, Ethereum and Bitcoin, the world’s leading digital currencies, made an impact on the crypto ecosystem with the inauguration of mining systems. However, Ethereum switched to staking with a new consensus called proof-of-stake that could...

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Next-Generation ASIC Miners: A Glimpse into the Future of Profitability

In the following, we take a look at cryptocurrency mining and the strong competitive benefits that ASIC miners have to offer. Enhanced Efficiency, Enhanced Returns The primary driving factor behind the next-gen ASIC miners is their enhanced efficiency. As opposed to their predecessors, these miners consume significantly less power per hash, translating into reduced operational costs. In an industry where electricity expenses can devour a substantial chunk of revenue, this...

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Crypto Mining Giant Bitmain to Invest $53.9 Million in Core Scientific

Bitmain’s investment represents not only a significant financial commitment but also a strategic move to fortify its partnership with Core Scientific. Bitmain, a leading manufacturer of crypto mining rigs, has announced a substantial investment of $53.9 million in Core Scientific, a major North American blockchain data center provider and digital asset miner since 2017. Core Scientific operates data centers in multiple US states and utilizes their Minder software for efficient mining...

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Kraken User Falls Victim to $4.5M USDT Loss in Phishing Scam

In yet another successful phishing scheme, an unsuspecting user suffered a multimillion-dollar loss in Tether. Etherscan data revealed that $4.46 million worth of Tether (USDT) was siphoned from an unsuspecting Kraken wallet user. The stolen funds were subsequently transferred to an address concluding with “ACa7.” Another Successful Phishing Attack Details are thin about how the scam was executed, however, prominent blockchain security company PeckShield flagged the address...

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Bitcoin Network Faces Congestion with Over 470,000 Pending Transactions

The Bitcoin network is currently dealing with an increase in transaction congestion, with data from the Mempool indicating a backlog of over 470,000 pending transactions. Somewhat expectedly, this has resulted in the transaction fees on the Bitcoin Network fluctuating quite severely. Bitcoin Transaction Fees Fluctuate Mempool data reveals that the Bitcoin Network is experiencing the longest block fullness with over 470,000 pending transactions. Recent data also reveals that...

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Hut 8 Merger with USBTC Greenlighted by Canadian Supreme Court

The merger between Hut 8 and USBTC is not just a significant event within the crypto space, it also holds great promise for investors and the broader financial markets. In a recent development, Hut 8 Mining Corp (NASDAQ: HUT) has received final approval from the British Columbia Supreme Court for its merger with US Bitcoin Corp (USBTC). The Journey to Merger Between Hut 8 and USBTC The merger between Hut 8 and USBTC was first announced in February 2023, marking a pivotal moment in the...

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Ripple v SEC Lawsuit Consequence? XRP High Up Yet Another List

The case between Ripple and the United States Securities and Exchange Commission has surely done a lot of damage to the company and its cryptocurrency – XRP. In fact, a lawyer who represents tens of thousands of XRP holders recently took it to X to outline the damage that the lawsuit has caused the company. He argued that it harmed not only the cryptocurrency’s adoption but also potentially affected major developments in the past three years. XRP Amid the Ongoing SEC Saga...

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