Category: Miners

High-Powered Mining Rigs Drive Bitcoin’s Accelerating Hashrate

High-Powered Mining Rigs Drive Bitcoin's Accelerating HashrateOn August 19, the combined SHA-256 hashrate between the BCH and BTC networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant number of terahash. Currently, the top machine released this summer is Pangolin’s Microbt […]

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Btc.top CEO Highlights the Benefits and ‘Golden Mean’ of Bitcoin Cash

Btc.top CEO Highlights the Benefits and 'Golden Mean' of Bitcoin CashOn July 23, the CEO of Btc.top, Jiang Zhuoer, debated Nchain’s chief scientist Craig Wright in regard to the civil war between BCH and BSV that took place in November. Amid the debate hosted by Bitkan, Zhuoer highlighted the top three advantages tied to the Bitcoin Cash ecosystem. During the dialogue, Zhuoer also emphasized that […]

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How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste

How Big Hydro Power Deals With Bitcoin Miners Prevent Energy WasteWe are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining is actually helping electricity producers prevent energy waste. […]

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Market Outlook: Crypto Bulls Rally After Bearish Downturn

Market Outlook: Crypto Bull Market Still in Play After Bearish DeclineSince July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic on where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend. BTC and a slew of other currencies spiked more than 10% at 11 a.m. EST on […]

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Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status

Georgia Exempts Bitcoin From VAT to Become the Next Country Affirming Its Currency StatusCryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation to free crypto-fiat transactions from […]

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Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned

Iran’s Central Bank Will Allow Bitcoin Mining Operations as Miners Flock to the Oil-Rich NationAccording to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Iranian economy. Also read: Bitcoin Miner Recounts Struggle to […]

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Confronting Bitcoin Network Issues Using Nakamoto Consensus and a Mining Parliament

A Look at Confronting Issues Using Nakamoto Consensus and a Mining ParliamentOn June 28, Bitcoin Cash proponent Javier Gonzalez announced the launch of an interesting protocol called the Bitcoin Mining Parliament (BMP). The theory behind BMP is backed by the concept of Nakamoto Consensus where “miners are the executive power of Bitcoin” and “any needed rules and incentives can be enforced with this consensus mechanism.” Also […]

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Study: Publicly Listed Chinese Firms Quietly Participate in Bitcoin Mining

Study Shows Publicly Listed Firms in China Quietly Participate in Bitcoin MiningAccording to regional reports, a few publicly listed Chinese companies have been secretly mining bitcoin by pretending to provide cloud or web hosting services. Moreover, recent studies have revealed a growing trend of mystery miners processing the BCH and BTC networks at the same time as these firms have been running undercover mining operations in […]

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Honest Nodes Spoiling a Theft Attempt Is Not a 51% Attack, BCH Devs Detail

Honest Nodes Spoiling a Theft Attempt Is Not a '51% Attack,' BCH Devs DetailA number of Bitcoin Cash detractors and media publications have recently been spreading a false narrative that the BCH network was ‘51% attacked.’ In reality, however, honest nodes used their hashrate to stave off attacker nodes that were attempting to steal funds on the network. Also Read: Massive Growth by P2P Exchange and AT&T Accepting […]

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Traders Are Now Banned From Using Localbitcoins Exchange in Iran

Traders Are Now Banned From Using Localbitcoins Exchange in IranTraders from Iran have been banned from using the peer-to-peer trading platform Localbitcoins.com within the country. The Iranian section of the website displays a short message that states that the exchange is “currently not available.” The news follows significant Iranian rial trade volume on the Localbitcoins platform, which has been climbing steadily over the last […]

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Québec Allocates 300 MW Energy Quota for Crypto Mining

Québec Allocates 300 MW Energy Quota for Crypto MiningQuébec, the resource-rich Canadian province, has made up its mind about cryptocurrency mining. Régie de l’énergie, the region’s energy regulator, has rendered its decision on the blockchain sector and lifted the moratorium on electricity supplies. An additional 300 MW of energy will be allocated to power the minting of digital coins, a move that local […]

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These Next-Generation Mining Rigs Pack a Ton of Hashpower

A Great Deal of Hashpower Is Coming With 2019's Next-Generation Mining RigsLast week, mining manufacturer Bitmain launched its latest Antminer 17 series. Now Canaan Creative has published its own device specifications and pricing for the new Avalonminer 10 series that process between 31-33 trillion hashes per second (TH/s). In addition to Canaan’s latest miners, two more China-based companies are releasing next-generation miners this summer that mine […]

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Strong Evidence Suggests a Single Entity Mined More Than 1 Million Bitcoin

Strong Evidence Shows a Single Miner Mined More Than a Million BitcoinOn April 16, RSK Labs chief scientist Sergio Demián Lerner published a new research study concerning the earliest blocks mined on the Bitcoin network. The report concerning one of Bitcoin’s earliest miners provides strong evidence to suggest that a single miner processed 22,000 blocks. Additionally, Lerner has released a new website called Satoshi Blocks that […]

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Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power

Bitcoin Miner Recounts Struggle Involved With Obtaining Cheap Iranian PowerOver the last six months, reports of Chinese miners crossing the border to obtain cheap electricity from regions like Vietnam, Cambodia, Thailand, and Iran have abounded. According to a recent interview, Chinese miners have found extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation of Iran. However, managing to get thousands of machines […]

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Bitcoin Cash Markets and Network Gather Strong Momentum in Q1

Bitcoin Cash Markets and Network Statistics Gather Strong Momentum in Q1The first quarter of 2019 has ended and things are starting to look much better for digital assets this year. Bitcoin cash (BCH) prices touched all-time highs for 2019 during the end of Q1 and the network’s overall strength has improved a great deal since the fork last year. Also read: Broken Phone? Don’t Sweat […]

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More Than 30% of BTC Traffic Stems from the Veriblock Project

More Than 30% of BTC Traffic Stems from the Veriblock ProjectOver the last few weeks, a blockchain project called Veriblock whose protocol piggybacks off the Bitcoin Core (BTC) network has sparked debate. More than a quarter of BTC’s transaction numbers stem from the Veriblock system and the project has been criticized for using the blockchain in this manner. Also Read: Orca Pool Mining Operation Aims to Defend […]

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Report Claims 85% of the Monero Network Dominated by ASIC Miners

Report Claims 85% of the Monero Network Overshadowed by ASIC MinersOver the last few years, certain cryptocurrency networks have tried to block ASIC mining with many fruitless attempts to forge ASIC-resistant protocols. Multiple cryptocurrency developers have attempted to brick ASIC miners, but with scant success. A perfect example is the privacy-centric digital currency Monero, a project that has tried to fork the software multiple times […]

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Crypto Mining Could Bring Russia $1B in Taxes, Report Suggests

Crypto Mining Could Bring Russia $1B in Taxes, Report SuggestsUsing its excess energy generating capacity to mine cryptocurrencies, Russia can increase its budget receipts by more than $1 billion dollars in annual tax revenue. The estimate comes from a report that also calls for the establishment of a Russian crypto valley.   Also read: Defying Crypto Winter, Swiss Crypto Valley Grows to 750 Companies […]

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Bloq Labs Reveals Software Suite That Aims to Increase Hash Power by Double Digits

The blockchain organization Bloq Labs has introduced a beta version of a new software suite for cryptocurrency miners called Titan. Bloq co-founder Jeff Garzik announced the project at the recent Binance conference in Singapore and claims the protocol can maximize a mining machine’s hashrate by double digits with thoughtful configuration and dynamic adjustment. Also read: An […]

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New Malware Attacks Hold ASIC Miners to Ransom

According to reports from cybersecurity researchers, there’s a new ransomware virus on the loose that’s targeting bitcoin miners. A file locking program called H-Ant has allegedly infected certain Antminer models in China and if the ransom is not paid the software aims to destroy the infected machine. Also Read: Money Transmitter License Not Required for Crypto […]

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The Daily: Sapphire Develops GPU for Grin, TSMC Sees Drop in Mining Revenue

In The Daily this Saturday, Sapphire has designed a new graphics card suitable for mining the recently launched Mimblewimble cryptocurrency Grin. In other news related to the minting of digital coins, Taiwan Semiconductor Manufacturing Company has reported a significant decrease in its revenues from the mining segment, and some Ethereum miners have switched to Constantinople […]

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Chatter Report: Antonopoulos on Rolling Checkpoints, Vays Defends Song’s Stance on Credit Cards

Antonopoulos on Rolling Checkpoints, Vays Defends Song’s Stance on Credit CardsIn today’s roundup of crypto chatter, Andreas Antonopoulos explains rolling checkpoints and how consensus is achieved between miners, developers, exchanges, merchants, and wallets. Chris DeRose believes new Bitcoin pundits are toxic compared to the old ones. Also, Tone Vays defends Jimmy Song’s position on using credit cards over bitcoin.   Also read: Hash Wars: A Successful BCH […]

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9 Cryptocurrency Firms Sue Washington State Utility Over 50 Percent Rate Hike

9 Cryptocurrency Firms Sue Washington State Utility Over 50 Percent Rate HikeA major utility in the U.S. state of Washington, Grant County public utility district, and its commissioners are facing a lawsuit filed by nine cryptocurrency firms. The suit alleges that they “acted inappropriately in creating and approving a new rate that raises electricity costs” for cryptocurrency miners. Also read: Indian Supreme Court Moves Crypto Hearing, Community […]

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A Look at Some of the ‘Next Generation’ Mining Rigs Available Today

A Look at Some of the 'Next Generation' Mining Rigs Available TodayOver the last year, cryptocurrencies have lost a lot of value yet bitcoin miners continue to process transactions and earn block rewards. A bunch of new mining rigs were announced in 2018 that packed some serious hashrate. As the new year begins, some of the top devices that process between 28-76 trillion hashes per second […]

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