Mining

It’s been over 9 months since Bitcoin’s all-time high at $69K in November 2021. The cryptocurrency continues its gruesome downtrend and has yet to show any signs of recovery. The market is currently quiet, but next week’s price action could be key to determining the mid-term future. Technical Analysis By: Edris The Daily Chart Looking at the daily chart, the price has been consolidating in a tight range between $19,500 and $20,500 over the past few days, showing little intent...

Arcane Research – a digital asset analysis firm – has published a report examining Bitcoin mining, and its relationship with global energy.  The paper argues that the mining industry can transform worldwide energy production for the better – contrary to its frequent portrayal as a social and environmental harm.  Reinforcing the Grid and Renewable Technologies The report, published on Wednesday, provides four ways in which mining can improve energy systems in a desirable and...

With the mining era slowly coming to an end, the world’s largest Ethereum mining pool – Ethermine – has launched a staking pool service for users. To become a validator on the Ethereum network, users must invest 32 ETH. But Ethermine’s new service, dubbed – Ethermine Staking – offers a workaround. It aims to let members of the pool collectively stake their Ether (ETH) and also earn interest after the transition of Ethereum’s consensus mechanism from Proof-of-Work (PoW) to...

Bitcoin’s hash rate is recovering fast – and it has the mining difficulty to prove it. The network’s latest difficulty adjustment rose the mathematical bar for mining a block by 9.26% – the largest increase since January. That’s the third adjustment in a row during which network difficulty has risen, despite a bear market that inflicted serious pain on the mining industry.  Bitcoin Remains Secure According to data from BTC.com, Bitcoin’s difficulty recovered to 30.98 trillion...

Iranian trade minister revealed on Monday that regulations and logistics have been finalized to facilitate the use of crypto in Iran’s international trade. The move comes nearly 3 weeks after it officially announced to have completed $10 million worth of imports paid in crypto. Iran Approves Crypto for Global Trade Iran’s Trade Minister Reza Fatemi Amin said the country, which has been facing US sanctions since 1979, on finalized regulations to use cryptocurrencies for...

The bitcoin mining difficulty is expected to see its largest increase in over seven months later this week. This comes as the hash rate has surged by almost 30% in the past two weeks. Largest Increase in Mining Difficulty Since January? The bitcoin mining difficulty adjustment is an essential part of the world’s largest blockchain that makes it either easier or harder for miners to do their job depending on the number of entities plugged into the network. Essentially, the...

Les thématiques du jour : MINAGE & ÉNERGIE (matin), TECH & TOOLS (après-midi). Les conférences se déroulant dans la salle Ledger s’adressent au grand public, celles de la salle Stackinsat sont davantage à destination des experts et des professionnels du secteur. Le programme complet est disponible sur l’application Surfin Bitcoin 2022 (Play store – App store). 9h00 – Besoin énergétique du bitcoin par layer avec Nicolas Cantu,...

Im Iran wurde in den letzten Tagen Equipment der Mining-Farmen beschlagnahmt. Offiziell heißt es, dass die iranische Regierung damit Blackouts verhindern wolle, die durch Strommangel verursacht werden. Crypto News: Crypto-Mining-Farmen im Iran beschlagnahmtInsgesamt berichtet die Regierung von 9.404 beschlagnahmten Mining-Geräten. Bei den Farmen handelt es sich jedoch vor allem um illegale Einrichtungen, die nicht offiziell gemeldet sind.Schon im letzten Jahr kam es zu Blackouts, so dass die...

The total amount of traditional currencies that are accessible for purchase fluctuates up and down under the steady gaze of national central banks; however, the number of bitcoins that are in circulation will never change. The term “halving” refers to the method by which the Bitcoin protocol will automatically cut in half the number of new coins released with each new block. So, what is bitcoin halving? We shall cover that and more in the following sections. Bitcoin...

It has been a tough year for crypto miners who had to sell their coins to cover their costs and fund expansion as well as for the repayment of debts. But this trend appears to be continuing into the third quarter of the year for some. Bitcoin price successfully broke out before facing rejection near the $25,000 level. Since then, it has been on a downtrend. This has resulted in mounting sell pressure on Bitcoin miners. However, during the brief upswing in early August, they...