Category: Mining

Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well

Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well in AlbertaA nascent industry utilizing flared gas to power bitcoin mining units has been developing over the past year or so, in symbiosis with the oil and gas industry in North America. Companies providing services in this promising niche continue to install mobile datacenters at oil wells in the U.S. and Canada, helping producers to save […]

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Iranian Grid Explains Electrical Costs Will Fluctuate for Bitcoin Miners

Throughout the course of 2019, Iran’s government and the country’s energy officials have been creating new guidelines for bitcoin miners setting up data facilities in the oil-rich nation. On Wednesday, Mostafa Rajabi, a spokesperson for Iran’s Energy Ministry, described a new price model for mining operations and prices per kilowatt-hour (kWh) will fluctuate during certain […]

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China Removes Bitcoin Mining From Unwanted Industries List

China Takes Bitcoin Mining Out of Unwanted Industries ListInspired by its new fascination with blockchain, China now seems to have changed its mind about cryptocurrency mining. The latest version of a national macroeconomic plan indicates that the government in Beijing has given up intentions to suppress the bitcoin mining industry, in which Chinese companies have become global leaders. Also read: Another Chinese Lender […]

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Video: Will Bitcoin Crash or Double in Price After the Halving? Miners Have Their Say

Will Bitcoin Double in Price After the Halving? Miners Have Their SayWill the price of bitcoin double or crash during the upcoming halving next year? And how will the mining industry adapt to their revenue stream being cut in half over night? See what professional miners from around the world have to say on the matter. Also Read: US, EU and UK Companies Can Now Pay […]

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Bitmain Aims to Build a 300MW Texas Mining Farm

Bitmain Aims to Build a 300MW Texas Mining FarmThe Beijing-based Bitmain Technologies and DMG Blockchain Solutions announced the launch of a 25MW mining facility in Rockdale, Texas. The new mine aims to bolster Bitmain’s international expansion which will soon expand to 50MW of processing power and then extend the operation’s capacity to more than 300MW. Also read: The Silk Road Investigation: A ‘Pattern […]

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Bitcoin.com Launches HashRace Promotion to Maximize Miners’ Profits

Bitcoin.com Launches HashRace Promotion to Maximize Miners’ ProfitsBitcoin.com, the world’s leading resource for cryptocurrency-related products and news, has launched the HashRace, a Bitcoin.com Pool promotion aimed at maximizing profits for its extensive network of Bitcoin mining clients.

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Bitmain’s Jihan Wu Talks Mining and Industry Growth With Bitcoin.com’s CEO

Bitmain's Jihan Wu Talks Mining and Industry Growth With Bitcoin.com's CEOAt the World Digital Mining Summit in Frankfurt, Germany, Bitcoin.com’s CEO Stefan Rust sat down with Jihan Wu, cofounder of Bitmain Technologies and Matrixport. The two discussed how cryptocurrencies being used for payments is spreading and how Bitmain is doing after the bear market last year. Also read: SEC Wants Second Look at Bitwise Bitcoin […]

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Survey: Chinese Students Want Crypto Jobs, 8% Own Cryptocurrencies

Survey: Chinese Students Want Crypto Jobs, 8% Own CryptocurrenciesA poll conducted among university students in China indicates that many of them see a bright future for cryptocurrencies in their country. A quarter of the respondents said they would seek employment in the industry that deals with digital assets and related technologies. Approximately one in 12 students already owns digital coins. Also read: Ukraine […]

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Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky

Ukraine in a Rush to Legalize Cryptocurrencies Under ZelenskyThe new administration in Kiev, headed by the young president Volodymyr Zelensky, has brought renewed interest in cryptocurrencies. Fresh energy is now being injected into efforts to legalize decentralized digital money and regulate related economic activities. New draft laws have been proposed or are under preparation to accommodate the nascent industry, from which the Ukrainian […]

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4 New High-Powered Bitcoin Miners Revealed

4 New High-Powered Bitcoin Miners RevealedBitmain Technologies and Canaan Creative have announced new mining rigs that process roughly 58-73 terahash per second (TH/s). Sources also reveal that Canaan’s initial public offering (IPO) could be listed in the U.S. next month. Also Read: Mining Firm Canaan Creative Secures Hundreds of Millions of Dollars in Funding Bitmain and Canaan Introduce Bitcoin Miners […]

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Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin

Venezuela's Central Bank Indicates Plans to Stockpile BitcoinVarious reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central de Venezuela’s (BCV) vaults to pay for oil and gas operations. Also read: Maduro’s Petro […]

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Despite Lower Prices, Bitcoin’s Hashrate Remains Strong

Despite Lower Prices, Bitcoin's Hashrate Remains StrongPeople watching cryptocurrency markets have been patiently waiting for prices to rise and the overall sentiment to change. However, one thing that’s been extremely bullish these days is how BTC’s hashrate has doubled in the last three months. Even with today’s sluggish crypto prices, the SHA-256 hashrate has remained unscathed and continues to show persistent […]

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Washington Elite Announces Summit in Vienna

PR: Washington Elite Announces Summit in ViennaThe Austrian capital hosts some of the world’s brightest minds in smart city, crypto, M&A and renewable energy October 11 – 12 during the Washington Elite AI and Blockchain Summit – Smart City Edition in Vienna, Austria.

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A Short History of the World’s Largest Bitcoin Mining Pools

7 Unorthodox Ways to Mine BitcoinMining pools grow and shrink, and rise and fall altogether. Today there are more extinct mining pools than there are active ones. The hashpower of the survivors secures hundreds of PoW crypto networks, from major coins such as BTC and BCH to obscure altcoins such as monero classic and “zelcash.” The following guide provides an […]

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PR: Bitmain’s Announces Highly Anticipated World Digital Mining Summit

PR: Bitmain’s Announces Highly Anticipated World Digital Mining SummitThe World Digital Mining Summit (WDMS) hosted by Bitmain – the world’s top 10 and China’s second largest fabless chipmaker – is set to return on 8-10 October in Frankfurt with a focus towards industry investment and innovation for the mining sector.

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Bitmain Launches Next Gen Miner as Bitcoin Hashrate Touches 100 Exahash

Bitmain Launches Next Gen Miner as Bitcoin Hashrate Touches 100 ExahashLast Thursday the China-based mining rig manufacturer Bitmain announced the launch of two new Antminers that offer hashrates between 53 to 64 terahash per second (TH/s). When the Antminer sale started on Monday, first batch devices sold extremely fast and Bitmain expects to deliver units by mid-November. Meanwhile, the combined SHA256 hashrate (BCH and BTC) […]

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Bitcoin’s Early Days: How Crypto’s Past Is Much Different Than the Present

Bitcoin's Early Days: How Crypto's Past Is Much Different Than the PresentOver the last 24 hours, cryptocurrency enthusiasts have been discussing a transaction that saw 94,000 BTC sent to an unknown wallet. The hoopla over the large transaction shows how things have changed significantly over the last decade. Back in cryptocurrency’s early days, between 2010-2012, large bitcoin transactions like this weren’t such a big deal and […]

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5 Key Concepts from Day One at Bitcoin Cash City

5 Key Concepts from Day One at Bitcoin Cash CityWith day one of North Queensland’s Bitcoin Cash City all wrapped up, conference attendees were left with an overflow of big ideas to distill, process, and potentially integrate. These include underwriting merchant adoption, building tech parks and mining operations, BIP70 applications, separation of money and state, government applications of crypto, user experience, and regulation. The […]

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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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Bitcoin Mining Industry’s Exponential Growth Just Won’t Stop

Bitcoin Mining Industry's Exponential Growth Just Won't QuitA decade ago when Satoshi Nakamoto unleashed the Bitcoin network, the security behind the protocol was guarded by only a few miners. These days, mining the SHA-256 algorithm has become a thriving industry that hasn’t stopped growing. Also Read: Exploring the SLP Token Universe Built on the Bitcoin Cash Chain Bitcoin Mining Pools and ASICs […]

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From Booze to Bitcoin Mining – Why Violent Prohibition Is Always Harmful

From Booze to Bitcoin Mining - Why Violent Prohibition Is Always HarmfulStories continue to emerge about newly discovered illegal mining operations being busted by state and corporate authorities. Just last week Iranian media reported the seizure of 177 Bitcoin mining units worth over $270,000 being smuggled via truck in the Arak region. On July 31, Russia’s Kraskom power company reported illegal siphoning of power from municipal […]

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Sorry, I Don’t Want to Pay for More Bombs: Bitcoin as a Hedge Against Funding War

Sorry, I Don't Want to Pay for More Bombs: Bitcoin as a Hedge Against Funding WarAfter nearly two decades of U.S.-led coalition bombs falling on the Middle East, peace in the region still has not been achieved. Now the United States is once again bolstering military forces, this time in Saudi Arabia. Meanwhile, taxpayers in multiple countries are being forced to pay for these ill-fated and unethical campaigns, with little […]

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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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7 Unorthodox Ways to Mine Bitcoin

7 Unorthodox Ways to Mine BitcoinBitcoin isn’t crazy – in fact it might just be the soundest monetary system this generation has ever known. Some of the techniques miners have devised to extract it, however, are extremely unorthodox, ranging from the ingenious to the downright crazy. Here are seven of the strangest attempts at extracting bitcoin ever conjured. Also read: […]

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