Mining

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Cybercrimes are increasing both in numbers and sophistication. The latest to find itself on the receiving end was the Bitcoin mining pool, BTC.com, which announced suffering a cyber attack on December 3rd. The perpetrators siphoned certain digital assets worth $700,000 owned by BTC.com’s clients and nearly $2.3 million in asset value owned by its parent firm, BIT Mining Limited. According to the official press release, the incident was reported to the Shenzhen law enforcement...

2022 has been a brutal year for the crypto investors market by the harsh crypto winter. It all started with the collapse of the TerraUSD algorithmic stablecoin, which prompted other major crypto players to fall like dominos: Three Arrows Capital. Voyager Digital, Celsius Network, FTX, BlockFi. Not one project, protocol, or institution exists that hasn’t felt the sting of contagion this year. Bitcoin futures volumes are hovering near multi-year lows owing to the tightening...

The Bitcoin-focused investment group, New York Digital Investment Group (NYDIG), released a report in September examining how Bitcoin’s protocol has managed to attract such wide adoption despite its tiny developer ecosystem.  Here are the highlights: The network, which launched in early January 2009, has only 40-60 monthly active developers, according to the report.  This is not a static bunch. 1,140 developers have contributed to Bitcoin over its lifetime, with 5 to 10 new...

Bitcoin-Mining ist der Prozess, bei dem Transaktionen in der Bitcoin-Blockchain validiert und bestätigt werden. Dabei werden neue Bitcoins geschaffen, wodurch das Angebot an Bitcoins erhöht wird. Das Mining von Bitcoins hat in den letzten Jahren enorm an Popularität gewonnen und ist heute eine lukrative Möglichkeit, an der Kryptowährung teilzuhaben. Aber wie funktioniert Bitcoin-Mining eigentlich und lohnt es sich noch, in das Mining von Bitcoins zu investieren? Der Prozess des Minings von...

Bankrupt Bitcoin miner Core Scientific may be about to forfeit nearly all corporate equity in order to pay off its debt.  Owners of the company’s convertible notes are seeking a 97% acquisition of the firm in return for up to $75 million of debtor-in-possession financing.  Core Scientific’s Restructuring Plan As announced by the mining firm on Wednesday, the Ad Hoc Noteholder Group intends to provide $56 million to Core Scientific, with the remaining $19 million coming from...

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Canaan – a large manufacturer and distributor of bitcoin and crypto mining equipment – has seen its profits and revenue plunge over the course of the last several months. Thus far, net income for the company has dipped roughly 88 percent in 2022, and the company has only made a little more than $8.5 million for the year. Canaan Isn’t Doing So Hot The mining sector has been suffering heavily as of late, partly because prices are going down, but also because electricity...

Heat Bit – a company that recently launched a personal heater to be sold to customers – has announced that its product comes with a twist… It’s the first personal heater out there designed to mine bitcoin. Heat Bit Keeps You Warm… and Wealthy Heat Bit initially launched a Kickstarter campaign for the device last year. After getting all the proper safety licenses in place and making the money it needed, the product was unveiled last October and is now available for...

This festive season has just gotten merrier with The HyperNation revealing more exciting development in the December grand event, ‘Whimsical Gaming Kingdom’. The year-end event, set to be the largest ever held by the first virtual nation, has received encouraging responses from the massive crowd who turned up at the virtual gala on 17 December 2022 08:00 EST. All attendants were amazed by the next big leap coming forth as the New Year 2023 approaches. The year 2022 has...