MINING
The process that results in the release of certain amounts of a particular digital currency into its circulating supply. Mining is often the process that governs the verification of transactions and the addition of blocks to a blockchain.
European Crypto Miners Share Insights About Their Local Mining Industry
dGen, a non-profit research organization, in its report, has revealed that the cryptocurrency miners in the European region believe that Europe's higher electricity prices as compared to that of Russia and China is due to the strict regulation, strong protections, and political stability.
China Accounts for 65 Percent of Bitcoin’s Hash Power, New Research Reveals
An interactive map published by the University of Cambridge’s Alternative Finance Center (CCAF) revealed Chinese miners accounted for 65 percent for the global hashing power used by Bitcoin. The CCAF tracked mining data for over a year from websites like BTC.com, ViaBTC, and Poolin, with the premier university claiming the map is the first-of-its-kind effort in visualizing hash power data by geography.
Bitcoin Halving: Everything You Need to Know in 5 Minutes
In May 2020, Bitcoin is expected to experience its third halving in history. Bitcoin halving refers to the halving of Bitcoin block rewards, which occurs once every 210,000 blocks created (approximately every 4 years).
Crypto Miners Allege Chinese Bitcoin Mining Giant Delivered "Defective" Product
Ahead of Bitcoin’s much-awaited halving event on May 12, a group of miners alleged Bitmain’s latest “Antminer” deliveries were defective and led to losses for investors.
Bill Gates Foundation’s COVID-19 Vaccine is a Satanic Plot says Oscar-Winner
Microsoft’s recent patent for a human powered crypto mining system based on sensors that convert physical or mental activity into computer power has generated a lot of interest and captured the imagination of the public, but perhaps some are looking a little too closely.
China's Bitmain shows Bitcoin Mining remains Profitable After Posting $300 Million in Revenues
Bitmain, one of the largest mining equipment makers globally, has reported revenues of $300 million thus far in 2020. While its business has faced turmoil in recent times, the core strategy continues to reap benefits.
China Allows Building of Hydroelectric Plant in Well Known Bitcoin Mining Town
Government authorities in China have allowed construction to go ahead to increase the capacity of current hydroelectric plants in the Ya'an district of Sichuan, a town popularly known in cryptocurrency circles to be teeming with Bitcoin miners.
Ethereum's Vitalik Buterin Thinks Mining Monero on HTC Phones is a “Fool’s Game”
Ethereum co-creator has downplayed the partnership between HTC and Midas Labs, which enables Monero mining on mobile phones.
Matrixport's Evolved Enterprise-Grade Cactus Custody and Holistic Approach to KYT and AML Compliance
Matrixport is a Singapore-based cryptocurrency startup which was launched by former Bitmain CEO Jihan Wu. Established in July 2019 with the goal to offer over-the-counter trading, lending and custody services for crypto, Matrixport boasts a systematic security model, global distributed infrastructure and business-focused security innovation capability to assure the security and reliability of users' assets.
COVID-19 Hits Canadian Crypto Mining Firm Bitfarms, Forced to Lay Off Staff to Maintain Cost Efficiency
Publicly-listed Canadian crypto mining form Bitfarms has temporarily reduced employees because of the social and economic challenges caused by the coronavirus outbreak.