Tag: Bitcoin Mining

Link Global, a Canadian Bitcoin mine operator is facing fines to the tune of about $7 million for setting up power plants in the area, without approval from the government. However, having already installed several power plants without following due legal protocol, the company has admitted that it’s finances will be greatly distressed if the […]

Argo Blockchain has just announced its plans to expand its mining capacity that will more than double its present hashrate. The London-based cryptocurrency mining company hopes to achieve this expansion with the acquisition of 20,000 S19J Pro bitcoin miners from Bitmain. And those miners, which are going to be delivered in several installments, are expected […]

Nayib Bukele, president of El Salvador has confirmed that the country has mined its first official Bitcoin using energy from volcanoes. Bitcoin mining is a very topical issue that has seen a lot of negative reviews, mostly because of its impact on the environment. However, in a bid to mitigate the said impact, El Salvador […]

Bitcoin miners are now turning their attention to nuclear energy as many of them continue to look for ways to reduce carbon emissions to the barest minimum.  Serious criticisms have greeted the adverse effect the industry has on the environment. As a fact, there is a lot of growing concerns about the heavy carbon footprints […]

Bitcoin hashrate has dropped significantly from its all-time high as miners are seemingly turning off older mining machines because of the cryptocurrency’s price drop. According to CryptoCompare data, BTC’s hashrate dropped from an all-time high of 137 million TH/s to around 75 million TH/s at press time, a significant drop of about 45%. The network’s […]

Bitmain VS MicroBT – Bitcoin mining power worldwide has been affected by manufacturing delays caused by the coronavirus outbreak in China, effectively reducing growth in the cryptocurrency’s computing power. Nevertheless, some Bitcoin miners based in the Asian nation have seen an increase in their market share while others struggle to keep up. Bitmain has held […]

Bitcoin mining process can be a bit complicated to get started with, but using a USB bitcoin miner is the easiest and the cheapest way available to start mining bitcoins. We have provided a detailed set of guidelines on USB bitcoin miners and how they work. Since its inception, bitcoin has come a long way. […]

Bitcoin Mining Power is seeing more computational power invested in coin generation than ever before. As of Jan. 6, Bitcoin’s mining network has reached a hashrate of 120 exahashes per day. This number has been growing steadily over the past decade, but it has grown significantly in recent months. In the last year alone, the […]

Potentially the world’s biggest bitcoin mine is said to have signed up two top corporate customers, SBI Holdings and GMO. The Japanese corporate giants will be renting mining capacity at the facility in Rockdale, Texas, recently put into construction by Whinstone Inc., according to Bloomberg sources. The firms are to begin mining “within coming months,” […]

Recently, the country – which has held a rather negative attitude towards bitcoin and digital currency – announced that the process of mining and extracting new digital coins was legal. China had been engaged in a hot debate over the legality of crypto mining given that it was allegedly causing irreparable damage to the environment. […]

Bitcoin mining held a stunning competition in 2019, lifting both the hash rate and difficulty to all-time highs. But it turns out for significant stretches, mining pools absorbed serious losses. Bitcoin Mining Undeterred by Falling Prices in 2019 Most of the big miners this year produced coins at a loss due to unfavourable market prices. […]

Argo Blockchain, increased the number of its crypto mining machines to 7,000, with plans to add additional 10,000 machines in 2020. Argo Blockchain to Increase Crypto Mining Machines by 10,000 The crypto mining industry saw a surge in interest due to recovering prices in 2019, with many of the miners who previously left the industry […]

Taking pride in being the face of the cryptocurrency arena, the Bitcoin network is likely to initiate 18 Millionth Bitcoin Will Be Mined on Friday, i.e., October 18, 2019, as was stated by Anthony Pompliano in his tweet on October 15. Anthony is the well-known co-founder of leading investment enterprise, Morgan Creek Digital Assets. In […]

One company is driving its business plan straight into the “bitcoin wastes too much energy” argument and has raised $30 million to do Renewable Bitcoin Mining. That’s according to Layer1 co-founder and CEO Alexander Liegl, which plans to bring wind-powered bitcoin mining rigs to West Texas early next year. The company is raising a total of $50 million at […]

BCause Bitcoin Mining, a Bitcoin (BTC) mining operation in the city of Virginia Beach in the United States, was ordered to liquidate its assets. In an Oct. 9 article, local news outlet the Virginian-Pilot reported that the Bitcoin mining company filed for bankruptcy earlier this year. This week, a federal judge approved the motion to […]

Subscription-based UK bitcoin mining firm Argo Blockchain has registered a profitable third quarter even though the asset it deals in witnessed a sharp drop in value. The UK Bitcoin Mining company, whose stocks are listed on the London Stock Exchange (LSE), confirmed its revenues rose to £3.6 million (~$4.42 million) in the three months ending […]

To a newcomer, the cryptocurrency and bitcoin mining market might seem like any other industry and some might even be intimidated by it. Scarcely would anyone believe that it is only 10 years old. In 2008, it was just a hobby for some scholarly enthusiasts motivated probably by ideals like breaking free from centralized fiat […]

How Does Bitcoin Cloud Mining Work? If you want to invest in bitcoin mining without the hassle of managing your own hardware, there is an alternative. You can use the cloud to earn your coins. Put very simply, cloud mining means using (generally) shared processing power run from remote data centres. One only needs a […]