Tag Archives: Bitcoin Mining

It’s hard to know where bitcoin will go from here. While the last few days have been relatively positive in that bitcoin has spiked beyond the $6,000 line – more than $1,000 from where it stood previously – the currency still faces a very strange and unpredictable future given the amount of political uncertainty that exists due to the expanding coronavirus pandemic.Where Does Bitcoin Go From Here?In addition, the currency is set to undergo a halving in May that many analysts and enthusiasts...

As of late, many people have been questioning whether bitcoin qualifies as a “safe haven” asset. Some say no, considering it was not able to withstand the pressures caused by panic over the coronavirus.The Middle East Sees Bitcoin DifferentlyHowever, it looks like many traders and miners in the Middle East would disagree. Evidence suggests that bitcoin and other forms of crypto qualify as safe havens in these states, given they face tough economic conditions and sanctions brought on by the...

Coronavirus: Ein neues Netzwerk soll bei der Simulation der Faltstruktur von Proteinen helfen. Nvidia fordert die Besitzer von Gaming-PCs und Bitcoin-Miner auf, ihre Systeme im Kampf gegen COVID-19 einzusetzen. Im Prinzip jeden, der eine leistungsstarke Grafikkarte hat und damit Rechenleistung zur Verfügung stellen möchte. PC Gamers, let’s put those GPUs to work. Join us and...

The coronavirus has got crypto crashing as of late, but it’s not just the individual coins themselves that are suffering. Miners are also experiencing the harsh realities of a falling industry.Bitcoin Miners Are Likely to Be Hit HardAt the time of writing, bitcoin—the world’s number one cryptocurrency by market cap—is trading for a flimsy $5,300, and even this is nowhere near as low as the number ($4,100) that bitcoin struck during yesterday’s late-night hours. Overall, the asset is down by...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 830. Heute sprechen wir über folgende Themen: Bitcoin-Rückgang wegen Ausverkauf: PlusToken verkauft 13.000 BTC & Bitcoin Flash Crash gefährlich für Miner. 1.) Bitcoin-Rückgang wegen Ausverkauf: PlusToken verkauft 13.000 BTChttps://de.cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts 2.) Der Flash-Crash des Bitcoin Kurs kann riskant für Miner...

Making money with cryptocurrency may sound scary at first, however, there are some convenient ways in which one can profit from the cryptocurrency boom. The cryptocurrency market is hitting a new high, more and more people want to invest in it and make the most of the price movement. That said, not everyone successfully ends up doing that. From overnight millionaires’ success stories to painful tales of the ridiculously high amount of tax owed, this market is a place where fortunes can be...

Bitcoin mining giant and competitor to Bitmain Canaan Inc. (aka Canaan Creative) is being sued by investors who claim that the company has violated several industry laws.Canaan Is Taking a Hard HitThe suit was filed in Oregon last Wednesday by investor Phillippe Lemieux, who believes the enterprise lied to shareholders following its recent initial public offering (IPO). Lemieux claims that the company presented false information about its financial well-being and about its status with the...

A power plant in upstate New York known as Greenidge Generation says it’s mining up to $50,000 in new bitcoins each day.Greenidge Has the PowerThe average number of new coins extracted through the plant – which has been using its own energy reserves to get the job done – has been 5.5. Greenidge Generation says it’s looking to potentially put the U.S. on the map as a serious crypto competitor to China, which at the time of writing, controls much of the world’s bitcoin mining power.The company...

Layer1 Technologies – a bitcoin mining startup operating in West Texas – has opened its doors for business.Layer1: We Want to Compete with ChinaThe company has specifically mentioned that it’s looking to counter bitcoin and crypto mining activity in China, which up until this point, has long been considered the world’s number one bitcoin and digital currency haven. At the time of writing, Layer1 has unveiled several 2.5-megawatt containers and is extracting several new coins.The history of...

Is China losing its grip on bitcoin mining? According to an executive at Grayscale, many bitcoin mining operations have shifted their attention from China to North America and have promptly moved to western territory to carry out their “currency extraction projects.”Is China Losing Its Mining Power?China has long had a very mixed relationship with cryptocurrency. This goes double for mining and currency miners, who at one time, didn’t know if they were going to have a job granted that they...