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Mining

“Mining” refers to a way of earning cryptocurrencies. A lot of cryptocurrencies are mined by solving complex algorithms and math problems, and “miners” are rewarded for solving them in tokens. However, it’s unknown how long mining will be considered a sustainable practice for two reasons; first, miner rewards for Bitcoin have dropped 50 percent every year; and, second, bitcoin mining requires the solving of complex math problems, which in turns means a lot of electricity-eating computer computations.

Is Central Asia the New Safe Haven for Crypto Mining Amid Iran-US Crisis?

With cheap electricity and friendly regulation, is Central Asia the new promised land for crypto miners? Go to Source Author: Cointelegraph By Ana Alexandre

Crypto Mining Malware ‘Dominates’ Cyber Criminal Activity, Report

Just like any other industry, the crypto industry is highly vulnerable to cyberattacks in 2020, according to a Check Point Research‘s cybersecurity report. Cloud Infrastructure...

Uzbekistan to Create National Mining Pool, Launch Licensed Exchange

Establishing a “national mining pool” has been declared a priority in Uzbekistan. Miners who join the pool will enjoy lower electricity rates, announced the...

This Company Sets Out to Prove Crypto Mining Has a Place in Your Home

Hotmine, a company based in Ukraine which engineers home appliances for crypto enthusiasts, is not new to mining equipment development. But sometimes it takes...

Bitcoin’s Hashrate Rises and Rises as World Bank Warns of Debt Crisis

Bitcoin’s hashrate has broken all records, rising to 120 quintillion calculations a second (petahashes) for the first time ever. That makes it a three...

Nasdaq Issues Warning to Bitcoin Mining Company

According to recent reports, Nasdaq recently notified Golden Bull Limited, warning the company that it is no longer compliant with listing rules due to...

Powerful Mining Rigs Offer Extended by Zigmabit Inc

Zigmabit Inc. (www.Zigmabit.com) has achieved a critical milestone in reshaping how the mining of cryptocurrency is done. The mining rig manufacturer has now crossed...

Mining Giant Bitmain May Lay Off Another 50% of Staff Before BTC Halving

Cryptocurrency mining giant Bitmain is reportedly working to reduce its workforce by another 50 percent pending the BTC halving Go to Source Author: Cointelegraph By Joeri...

Unknown Miner Reaches 70% of Bitcoin Cash Hashrate

The unknown hashrate of Bitcoin Cash (BCH) has suddenly reached 68.75% today in a surprising development. In the past seven days, the unknown hashrate...

Vitalik Buterin in 2015: Proof of Stake in “9-12 Months”

Vitalik Buterin, ethereum’s co-founder and its leading figure, promised Proof of Stake (PoS) in 9-12 months all the way back in 2015. On July...

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