Tag Archives: Mine Bitcoin

No doubt bitcoin has been moving through hoops and tunnels since the coronavirus took hold of the global economy, but thanks to companies like Grayscale, it doesn’t look like the currency is about to lose its steam anytime soon.Grayscale Is One of Many Companies Supporting BTCBack in March, the currency saw its price fall into the mid-$5,000 range. This was after it had spent the whole previous month trading for well over $10,000, a price the currency hadn’t seen in roughly half a year. From...

It’s funny how more than two weeks have passed since bitcoin’s famed third halving, and yet people are still talking about it as though it were fresh news. Bitcoin IRA – despite the big gap between now and the occurrence – has unveiled a new report that discusses the company’s alleged findings pertaining to the halving and what traders can expect in the coming future.Bitcoin IRA Reveals Some New DataA halving occurs for bitcoin every four years. The previous two occurred in 2012 and 2016,...

Bitcoin mining and hardware firm Bitfury has announced that it will give accredited investors everywhere the opportunity to invest in its data and mining centers.Bitfury Allows Investors Access to MiningAccredited investors (or institutional investors, as they’re often called) are widely considered to be among the primary ingredients in making bitcoin and other forms of cryptocurrency more mainstream and legitimate. However, institutional players have shown a great reluctance to enter the...

Apparently, not all mining companies are in good shape. Canaan Creative – the largest mining facility in China after Bitmain – has announced that sales seriously dropped during quarter one of 2020, and that the company has lost nearly $6 million despite significantly lowering prices on all its mining equipment.Canaan Creative Takes a Nasty HitIn all, Canaan has lowered the prices of all its mining machines by half in the past few months, but this hasn’t been enough to keep revenue streams...

The bitcoin halving has come and gone, and many were worried about the state of bitcoin’s mining operations and how they would handle the coming future. Would mining remain a profitable industry, or would it sink into oblivion never to be heard from again?The Halving: Did It Hurt the Industry?While there are certainly changes the arena must deal with, bitcoin miners and mining machines are still witnessing some profits creeping into the space, suggesting that the recent halving hasn’t...

Several supercomputers in European nations have been shut down following reports that they’ve been infected with cryptocurrency mining malware. Thus far, devices in countries such as the United Kingdom, Switzerland and Germany have all been affected and taken offline at the time of writing.Mining Malware Shuts Down SupercomputersThere is now an ongoing investigation into where the malware came from and which parties are potentially responsible for uploading it onto the computers. The malware...

Bitcoin mining company Riot Blockchain has announced the purchase of more than 1,000 additional mining machines in the face of bitcoin’s latest halving event, set to occur on Tuesday of next week.Riot Blockchain Is Boosting Its EffortsThe company put out a statement explaining that it has bought 1,040 next-generating Bitmain S19 (95 TH) Antminers. Overall, the company spent just shy of $2 million on the machines. The company says it will use these machines to up the ante on its mining...

Sun Kissed Industries, Inc.’s Numuni Inc. subsidiary says that it sees bitcoin mining as a key source of revenue for its digital media platform.Numuni Is Getting Into Mining At an Odd TimeThe company works to ensure digital content creators garner funds for their work. The company recently put out a statement suggesting that it may get into bitcoin and cryptocurrency mining in the coming weeks, though it’s probably not thinking everything through.For one thing, miners are about to lose a lot...

A Chinese city known as Ya’an is asking all its bitcoin and crypto miners to use up all its excess hydropower.Ya’an: Use Up Our Water!Ya’an is known as being one of the biggest bitcoin mining hubs in the country of China. It has recently put out a notice telling all crypto miners that there is a surplus of hydroelectrical power, and it wants to see it used up before the summer, which is typically a very rainy season for those living in the area. The rain will provide more water to be utilized...

Microsoft and cryptocurrency have developed a strong relationship over the years, but its latest maneuver is likely to make many crypto fans raise their eyebrows in a state of confusion and concern.Microsoft to Unveil New Mining Technology – Through Your Brain?The computer and software giant has recently unveiled a new patent application for technology that’s in development. This technology is designed to monitor bodily functions – like your brain activity – to mine cryptocurrency.How would...