After a nearly two-month-long drop streak, Bitcoin (BTC) mining just got a bit more difficult. Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, went up 1.74% today, going from 27.69 T to 28.17 T. The rise follows three consecutive drops, a streak that began in the second…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: The US Gets Another Crypto Regulation Idea, USD 9M Returned to Nomad, Zipmex ‘Stabilizes’ + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
The mining firm said it aims to have a hashing capacity of 28 MW at the Alabama facility by the fourth quarter, and 55 MW by the second quarter of 2023. Digihost, a United States-based cryptocurrency mining company, has announced plans to move part of its fleet from New York to Alabama in an effort…
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A potential Ethereum (ETH) PoW split chain may continue to function but would have substantial issues to resolve along the way, according to the research team of the major crypto exchange BitMEX…. Read More: If Ethereum Splits, Leading Exchanges are ‘Likely’ to List ETHPoW Token – BitMEX Read more »Pay, Trade, Buy Bitcoin with Credit…
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It may be as soon as August that miners start returning, and difficulty is already planning an uptick. Bitcoin (BTC) miners have been capitulating for almost two months, but an end to the squeeze could already be here. That was the conclusion from Blockchain infrastructure and cryptocurrency mining firm Blockware as it published its latest…
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Mining expert Mohamed El Masri predicts that Bitcoin will be worth around $430,500 when the last coin is minted. When the last Bitcoin (BTC) is finally mined, the livelihood of miners who rely on block rewards as a source of income will be affected. Despite this, the future of mining stays promising, according to an…
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On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining facility dubbed “The Bunker,” now has approximately 3.8 exahash per second (EH/s), after the 18 MW increase boosted the computational power by 200…
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Ethereum Classic is a relatively smaller PoW chain compared to Ethereum in terms of usage and hash rate. Ethereum’s proof-of-work (PoW) powered by GPUs generated approximately $19 billion in revenue last year for ETH miners. But these revenue streams are in danger as Ethereum is expected to become a proof-of-stake (PoS) blockchain via “the Merge” upgrade…
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Authorities in Iran have revised some rules for the crypto mining industry in order to facilitate its access to green power. Licensed miners will now be able to purchase electricity produced from renewable sources from across the country at lower rates. Cryptocurrency Miners in Iran Allowed to Source Green Energy From Across Country Iran’s Ministry…
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On Thursday, Foundry Digital LLC, the mining company and subsidiary of Digital Currency Group (DCG), announced the launch of Foundry Logistics in order to advance standards in the cryptocurrency mining industry. The newly launched arm of the company plans to “bridge the gap between hardware manufacturers and buyers by providing an all-in-one solution for mining…
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