Bitcoin mining difficulty has increased over 3.5 fold this year, climbing from 1.93T at the start of the year to 7.02T. The monthly increment was at the rate of 15 per cent on average. That means, the hashing power contributed by miners who joined the digital gold rush freshly this year accounted for roughly 75 […]
China, a world leader in bitcoin mining, is home to the three largest crypto miner manufacturers – Bitmain (Antminer), Canaan (Avalon) and Ebang (Ebit), all having seek to go public in Hong Kong this year. Many more competent new players like Innosilicon, Whatsminer (ShenMa), Pandaminer, Bitfily, are springing up with their latest product delivering over 30T hashrate. Apart […]
Shenyu, co-founder of F2Pool, world’s sixth largest crypto mining pool based in China, posted a Weibo unveiling the critical crypto prices below which miners have to be shut down for lack of profitability. The price of bitcoin, the dominant cryptocurrency, has struggled throughout 2018, declining by almost 70 per cent since the start of the year. […]
With cryptocurrency markets struggling, Bitfury Group has immersed its mining equipment in a non-conducive liquid to reduce costs at its 40-megawatt mining plant in Tbilisi, Georgia, as it races to mine the remaining 21 million mineable bitcoins. The company’s investment in cooling technology signals the extent cryptocurrency miners are going to chill their energy-intensive computers, […]
As economic sanctions start to bite, Iran is now looking to cryptocurrencies to ease the damage. The world’s third-largest oil-producer seeks to follow in the footsteps of Venezuela, which has issued an oil-backed digital currency called the Petro. But can Iran succeed where Venezuela is ostensibly faltering? Iran to Start Mining Cryptocurrencies in Three Weeks […]
It’s become fashionable in public circles to bash Bitcoin on account of its energy consumption. Virtually every week, mainstream media (MSM) attacks bitcoin mining, painting alarmist pictures of a planet burning due to the ‘wasteful’ design of Proof of Work. The reality is less cut-and-dried. Bitcoin’s defenders have been hitting back lately, with one new […]
Electricity is the number one cost for cryptocurrency mining, giving an edge to whoever can secure it for the lowest price. Bitfarms, which has access to cheap renewable energy in Canada, reports that mining a single BTC cost the company just $1567 in the first half of the year. $1567 Per BTC Tel Aviv Stock […]
Malicious cryptomining attacks jumped 956 percent from the first half of 2017 to the first half of 2018, IT security firm Trend Micro reported Wednesday. In its latest Midyear Security Roundup, Trend Micro researchers noted that there were more than 787,000 detections of malicious cryptocurrency mining software in the first six months of 2018, up […]
Over the last few weeks, we’ve been reporting on the wide variety of new cryptocurrency miners entering the digital asset economy. Some of these newly created miners are bringing faster processing power and more optimized chips, while others have even built mining rigs that tether to a water-cooling system. Now another new SHA-256 mining rig […]
The New York Firm, DPW Holdings Inc. plans to use existing power generated by Valatie Falls, for a crypto mining farm. This hydroelectric dam was bought by Valatie Falls Hydro in March 2018, using debt financing from Digital Power Lending, a DPW subsidiary. A cryptocurrency mining operation is to be setup and running by the […]
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