Mining

Publicly-traded Bitcoin mining company Stronghold Digital Mining (SDIG) said it plans to return more than 26,000 mining rigs to New York Digital Investment Group (NYDIG) to reduce its debt significantly. NYDIG is a leading bitcoin firm that helps miners finance mining equipment and power infrastructure. The mining company also intends to restructure a convertible note for cash after receiving a binding commitment letter from private credit investment manager WhiteHawk Capital...

The number of romance scams involving crypto have exploded in recent years. Not long ago, Kevin Sam of Antioch became the latest victim of one such scam, and he’s lost hundreds of thousands of dollars in digital currency funds. Kevin Sam Has Lost a Lot of Money Sam says he met a woman online that he’s not naming at press time. She described her as such: She was very kind. Still to this day, she’s kind of empathetic. He commented that their relationship continued to grow...

This Is How Long You Need to Work to Buy 1 Bitcoin Even though Bitcoin has lost over 50% of its value over the last year, 1 single BTC still costs more than most Americans make in over six months. At BanklessTimes.com we have compared the current trading price with the average monthly income in different countries to see how long time each person would have to work to afford a single Bitcoin. Here is the list: This Is How Long You Need to Work...

There is a rapid heatwave spreading through the state of Texas. This means everybody’s air conditioning units are going to be on, and electricity is going to be short. As a result, crypto miners in the Lone Star state are expected to shut down here and there to at least calm their operations for a while. Texas Is the Crypto Mining Hotspot Texas, for the past several months, has caught the eye of crypto miners across the globe. Not only does the region offer vast amounts...

The Norwegian bitcoin mining company – Kryptovault AS – reportedly plans to move its operations north of the Arctic Circle. The relocation is prompted by the rising electricity costs in the country, while the northern regions are still relatively unaffected by the crisis. Over the past few years, Norway has turned into a cryptocurrency mining center for the European region due to its green policies. According to estimations, 98% of the energy production in the nation comes...

App Swarm, Corp. – a company that focuses on mobile development, crypto assets, non-fungible tokens (NFTs), and cybersecurity solutions – is boosting the amount of crypto equipment it’s employing to focus more on mining Ethereum, the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin. App Swarm Says It’s Mining a Lot of ETH It’s a unique situation given that so many hobby miners and small mining companies appear to be suffering...

The crypto winter is really wreaking havoc on crypto miners everywhere. While large scale miners are still doing “ok” in the general scope of things, those who have simply made mining a hobby and who are doing it from home have either been forced to leave the industry completely or really scale back so they can save money on their operations. Crypto Miners Have Seen Profits Really Fall Many of the at-home crypto miners to emerge in recent years say they have seen their...

Ethereum's July Miners' Revenues are Up 13% to Stand at $620M, Beating Bitcoin's $597M Ethereum (ETH)miners hit a good stride in July, according to a BanklessTimes analysis. They made $620.56M, up from $549.58M the month prior. That’s a 13% rise in Ethereum miner revenues from June to July. And it’s $23 million more than the $597M that Bitcoin miners made in the same month. Jonathan Merry, CEO of BanklessTimes, has been explaining the upswing in ETH...

Monero ist derzeit der populärste Anonymity-Coin des Marktes. Dies jedoch könnte sich bald ändern, denn der größte Mining-Pool Moneros hat angekündigt, seinen Betrieb einzustellen. Wird Monero dadurch seine Position im Markt verlieren oder wird diese sogar durch eine Dezentralisierung des Minings gestärkt werden? Crypto News: Größter Monero Mining Pool wird abgeschaltetBeim Mining-Pool handelt es sich um Minexmr. Der Pool hat derzeit eine Gesamt-Hashrate von 1,05 Gh/s, wodurch dieser Pool...

So you heard about Bitcoin, but don’t really know much about it. How does it work? What can you do with it? And how do you get paid for it? If you want to earn some extra cash without working too hard, then let’s talk about cryptocurrency. Bitcoin was created in 2009 by Satoshi Nakamoto, who released his invention completely free of charge. Since its inception, Bitcoin has become one of the most valuable assets in existence, worth over $100 billion at press time. Many...