Mining

Mining – the process of verifying transactions and packing them in blocks to send to the blockchain – is a critical component of many networks, including the largest one – Bitcoin. It’s the foundation around the entire cryptocurrency ecosystem (for a large part) is built on, and it is absolutely paramount to the concepts of crypto. However, it’s also very technical. It’s a process that requires complex technical setups in terms of both hardware and software, sufficient...

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Binance announced the launch of a new batch of Cloud Mining products for BTC mining in a statement on Wednesday. The exchange’s cloud mining service was released last November and enabled users without mining equipment to earn mining rewards from Binance Pool. Subscriptions, on the other hand, are required to buy hash rates and Bitcoin mining on Binance’s cloud. According to the official blog post, the subscription of the new batch will begin on June 8 and will follow a...

After breaking above both the 100-day moving average and the descending trendline, XRP has initiated a solid upward trend, reaching a significant resistance region at $0.55. The price action in this crucial zone will play a vital role in determining Ripple’s future direction. Technical Analysis By Shayan The Daily Chart Taking a closer look at the daily chart, once the price surpassed the 100-day moving average at $0.44, it went through a brief correction, testing the moving...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Piers Ridyard is the CEO of Radix, one of the world’s oldest digital currency companies. The project is on the verge of turning ten, and he believes many new opportunities and challenges are coming not only for his enterprise, but for the crypto industry in general. Piers Ridyard Discusses His Crypto Journey...

Bitcoin, die weltweit bekannteste Kryptowährung, hat in den letzten Jahren sowohl Enthusiasten als auch Kritiker gleichermassen fasziniert. Einer der Hauptkritikpunkte an Bitcoin ist der hohe Stromverbrauch, der mit dem Mining-Prozess verbunden ist. In diesem Artikel werfen wir einen Blick auf den Stromverbrauch von Bitcoin, die damit verbundenen Herausforderungen und mögliche Perspektiven für eine nachhaltigere Zukunft. Bitcoin-Mining ist der Prozess, durch den neue Bitcoins erzeugt und...

An El Salvador-based Bitcoin firm has begun the first phase of a planned $1 billion investment into sustainably powered digital asset mining in the country. The firm behind the project, “Volcano Energy,” said in a press release that its chief goal is to “position El Salvador as a prominent global player in the Bitcoin mining industry.” A Special Anniversary Announcement Volcano Energy’s announcement comes exactly two years after El Salvador President Nayib Bukele revealed...

John Forsyth, a Missouri emergency room doctor, crypto advocate, and co-founder of crypto project Onfo (ONFO), was recently found dead in northwest Arkansas after being reported missing for over a week. The 49-year-old man was last heard from on May 21 through text messages with his fiancée. Authorities told the deceased’s brother Richard Forsyth that John’s corpse was found on Tuesday. ONFO Coin Co-Creator Mysteriously Found Dead The Forsyth brothers created the ONFO coin in...

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%...