Mining

The central bank of Russia is allegedly considering a ban on all crypto activities, including transactions and mining. If this goes through, Russia will become the next in what appears to be a string of countries that have taken on very anti-crypto attitudes as of late. Russia May Be Next to Ban Crypto Prior to Russia is China, which announced over the summer that it was going to be ending all crypto and bitcoin mining projects within its borders as it worked to become...

Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network...

Investors of Core Scientific Inc. (a leading US bitcoin mining company) have reportedly approved a plan to get listed on Nasdaq. The firm started trading under the symbol CORZ. Nasdaq’s Newest Member According to a recent report by Bloomberg, the blockchain infrastructure provider – Core Scientific Inc. – will proceed through an estimated $4.3 billion merger with the special-purpose acquisition company Power & Digital Infrastructure Acquisition Corp. (ticker XPDI). The...

While bitcoin’s price went through another steep correction in the past 24 hours, the network’s robustness only increases. The BTC hash rate recently tapped a new all-time high, while the mining difficulty went through a 9% positive adjustment, leading to a peak of its own. Hash Rate and Mining Difficulty See ATHs Ever since the summer of 2021, when the Chinese authorities ousted bitcoin miners and the hash rate dumped by 60% in weeks, the metric has been gradually recovering...

An individual Ethereum miner who mined a complete block hit the jackpot by receiving 170 ETH for his efforts. Converted in USD value, the reward equals nearly $540,000 (calculated by the time when the block reward was mined). Beating the Odds Despite some people claiming that Ethereum mining (still being proof-of-work) is harmful to the environment, the process is still thriving, and even single individuals are constantly trying their luck to mine blocks on their own. One...

Bitcoin-Preis Crash in den Morgenstunden. Bitcoin-Preis Crash in den Morgenstunden. Kommt es zum schwarzen Freitag in der Bitcoin-Welt? Und was sind die Gründe, warum der Bitcoin-Preis sich seit einigen Stunden deutlich ins Negative kehrte? Aktuell notiert ein Bitcoin bei einem Preis von 38’943 US-Dollar. Was sind die Gründe? Die russische Zentralbank will offenbar die Verwendung und Erzeugung von Kryptowährungen verbieten. Das hat nicht nur...

Jack Dorsey – the CEO of Block, formerly known as Square – has emerged to say that his firm is moving forward on plans to develop an open bitcoin mining system. Jack Dorsey Wants a World Where Everyone Can Mine BTC What does this mean? Basically, all customers of Block will have the opportunity to mine bitcoin and other forms of crypto through a fully accessible system. In a tweet late last week, Dorsey announced: We’re officially building an open bitcoin mining system....

The vice-chair of the European Securities and Markets Authority (ESMA) – Erik Thedéen – urged the EU financial regulators to prohibit the cryptocurrency mining model known as proof-of-work. He also claimed that bitcoin has turned into a “national issue” for his homeland Sweden because of the amount of renewable energy devoted to mining the asset. ‘The Solution Is to Ban Proof-of-Work’ In a recent interview for the Financial Times, Erik Thedéen (also Director-General of...

Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network...

Intel – the world’s second-largest semiconductor chip manufacturer – appears to be planning a Bitcoin mining chip reveal. At this year’s ISSCC conference, the organization has a presentation scheduled under the “Highlighted Chip Releases” category to showcase a “Bonanza Mine” processor. The Bonanza Mine Processor As reported by Tom’s Hardware, Intel describes the chip as an “ultra-low-voltage energy-efficient Bitcoin mining ASIC”. An ASIC is an application-specific integrated...