Tag Archives: Bitcoin Mining

For many people, i.e. Warren Buffett, bitcoin and cryptocurrency are two things that should be avoided at all costs. For others however, like billionaire Peter Thiel, bitcoin’s success is just getting started, and the coin represents a whole new wave of financial innovation that the world hasn’t seen yet.Peter Thiel: The BTC Champion?Thiel is the co-founder of PayPal. His love of crypto is ironic considering he lost former executive David Marcus to Facebook’s blockchain division. Marcus later...

If there’s one thing we can all agree on, it’s that bitcoin and the crypto industry probably need to up the ante on their privacy protocols. While blockchain is typically more secure than other forms of digital finance technology, we are often hearing stories about exchange hacks and malicious actors that seek to get their fingers on digital funds that just don’t belong to them.Bitcoin Privacy Needs to Be UppedKevin Pan, the CEO of Poolin (one of the top three bitcoin mining pools in the...

Today, on Friday, the 18 millionth bitcoin is set to be mined. That means there are only three million BTC units left to extract after this.Bitcoin Will Become Harder to GetThe mining process behind bitcoin has been a rather controversial activity. For one thing, China says that it is damaging to the Earth’s environment. The country has long been considering a ban on bitcoin and crypto mining in the future.Second, there have been huge concerns regarding a bitcoin 51 percent attack from...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 731. Heute geht’s um folgende Themen: Mehrheit der Deutschen lehnt Libra von Facebook ab, 18 Millionen BTC gemined & Dash PowerBank Verlosung Gewinner. 1.) Mehrheit der Deutschen lehnt Libra von Facebook abhttps://de.cointelegraph.com/news/mehrheit-der-deutschen-lehnt-libra-von-facebook-ab 2.) The 18 Millionth Bitcoin To Be Mined this Friday, Only 3 Million...

With bearish activity spreading throughout the crypto space as of late, many people are looking for some sort of miracle to sort things out. Many have long believed that the upcoming bitcoin halving – set to take place in May 2020 – is likely to do the trick. Unfortunately, according to Bitmain CEO Jihan Wu, this may not be the case.Bitmain CEO Predicts a Lack of BullsBitmain is one of the largest – if not the largest – cryptocurrency mining corporations in the world. Stationed in China, the...

A Singaporean has been indicted in the U.S. on charges of stealing cloud computing power on Amazon Web Services (AWS) and Google to mine cryptocurrency. According to the U.S. Attorney’s Office in the Western District of Washington, Ho Jun Jia used the stolen identity and credit card information of a video game developer based in California and a Texan resident to open cloud services accounts with Amazon Web Services and Google Cloud Services. Ho also impersonated the founder of a tech firm...

Last month, Google made a shocking announcement: that it had developed a supercomputer that could potentially solve very long and complicated mathematical equations. For some analysts, this meant only one thing: that bitcoin was about to become obsolete.A Supercomputer that Makes BTC Obsolete?Data pertaining to the computer was eventually published to NASA’s website, though the information was ultimately taken down potentially because it had not yet been confirmed.As we all know, bitcoin...

There’s no denying that bitcoin has great promise. Since it first emerged on the financial plane roughly ten years ago, the currency has come a long way and is changing the world of monetary trading as we know it.Bitcoin and Its Carbon EmissionsUnfortunately, not everyone is convinced that it has something to offer. One of the big problems with bitcoin that continually gets in the way is its carbon footprint, which according to some analysts is bigger than one might expect. In the past, it’s...

When will people learn that they shouldn’t be “mining on the job?” Unless you’re employed as a bitcoin miner, you should wait until you’re on your own time to engage in such activity.Mining Can Be a Tricky – and Sometimes Illegal – BusinessThat’s what one Russian engineer is learning this week. Denis Baykov, a worker at the Federal Nuclear Center in Sarov, has been fined roughly 450,000 rubles (about $7,000 USD) for utilizing a supercomputer inside the nuclear facility in which he works to...

As bitcoin hits its worst price week in a long time, some analysts are backing away from their previous predictions regarding how well bitcoin could do by the end of the year. Tom Lee, for example, has recently commented that it’s a very bad time to be trading bitcoin, but others, like John McAfee, are refusing to get off the high horse.John McAfee: $1 Million for BTC Is Still PossibleHaving recently announced his run for presidential office in 2020, McAfee is no stranger to controversy. His...