Bitcoin (BTC) mining may well be the lifeblood of the cryptocurrency but the industry is in a constant state of flux for a number of reasons. 2017 was a banner year for cryptocurrencies in general, but Bitcoin was the standout as it soared to an all-time high of $20,000 in December. As it gripped people […]
This week cryptocurrency miners had processed the 17 million coins across both Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks, marking a great milestone within the history of blockchain technology. Now there are only 4Mn BCH and BTC left to mine but it’s still a very long time away until the very last coins are […]
China’s crypto mining giant, Bitmain, is one step closer to establishing mining facilities in Washington state. The Port of Walla Walla – Walla Walla county’s economic development agency – unanimously approved a land lease and purchase option that would allow Bitmain to build its new crypto mining facility. The company’s Ant Creek subsidiary will be […]
Bitcoin sluggish and declining profit have raised a higher demand to crypto mining. On the other hand, China’s crackdown on cryptocurrencies broadens to bitcoin mining, some of the industry’s biggest players are branching out to bitcoin-favored countries like Russia, Iceland, Norway and Canada. “We are locating our mining farm in Siberia, Russia by getting some […]
An Indian chamber of commerce is launching a bitcoin mining training program in 30 cities across India. The goal is to teach young people about bitcoin, cryptocurrencies, blockchain technology, crypto mining, and entrepreneurship to empower the rural population for self-employment. Bitcoin Mining Training Program Dalit Indian Chamber of Commerce and Industry (DICCI) is collaborating with […]
With each passing day, it seems as though the conversation on Bitcoin’s energy consumption rages on, though new ground is rarely broken on the topic. Like bears to honey, media outlets flock to FUD stories on mining’s electrical costs and doomsday predictions of a world driven to the ecological brink, thanks to bitcoin mining. There […]
After the rise of bitcoin mining, it was always the first step to find a suitable large enough site with electricity and suitable temperature to construct mining farm. It takes relatively more time and manpower to finish one mining farm. The profit is also affected by the variation of the dry season and wet season […]
The EU plans to Track Bitcoin Mining taking place in Europe to minimize Electricity Consumption The European Commision notices the rising electricity consumption due to cryptocurrency mining by the European Union, as stated by European Commissioner Mariya Gabriel, who supervises digital economy and society. Gabriel noted that the Commission is aware of the concerns raised […]
Québec, Canada has recently been thought to be a bitcoin mining boom town, as more data centers set up there to take advantage of relatively cold climes and low cost electricity. Not everyone is happy about it, especially the local government who fail to see why decentralized, invisible, magic internet money is worth anything at […]
Bitcoin might be magical internet money, but it has a very physical side in the form of the mining equipment needed to maintain the network. And if you’re someone that doesn’t like to leave an online trail or use a credit card for all your purchases, nothing beats a store IRL. That’s why bitcoin hardware […]
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