2020-7-29 18:39 |
The Tuesday memo does not give a specific reason for the bitcoin mining ban but broadly cited security concerns.
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China has been the go-to place for Bitcoin mining for years now, with cheap electricity costs being the main reason behind the same. However, the United States, a country that was mostly known for hobThe post Bitcoin: Will 'institutionalization of mining' sustain Chinese dominance? appeared first on AMBCrypto.
2020-5-15 14:30 | |
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China is the Bitcoin mining capital of the world primarily because of the availability of clean hydroelectricity in abundance at an affordable price. This is the primary reason Chinese Bitcoin mining farms are responsible for over 60% of Bitcoin mining.
2020-4-24 20:26 | |
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The Bitcoin price has increased from $6,400 to $10,150 in less than two months. Ahead of the block reward halving in May, BTC is likely to see a continuous upward trend. The Bitcoin halving in May reduces the total reward miners get for mining blocks containing transactions on the network.
2020-2-10 23:00 | |
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Bitcoin Cash, the famous fork of Bitcoin, has been the center of crypto-controversy for the past few days, and the reason behind it - one of the proposals presented for the upcoming network upgrade, sThe post Bitcoin Cash developer tax could impact Bitcoin and Bitcoin SV mining ecosystem appeared first on AMBCrypto.
2020-1-27 17:30 | |
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The MetaMask Ethereum wallet, one of the key entry points to crypto-based logins and distributed apps, has been suspended from the Google Apps Store. The reason cited was that MetaMask allowed phone-based mining, which the wallet provider denied.
2019-12-27 13:38 | |
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Bitcoin’s seven day average mining power suffered a drop in the week bygone to 90 EH/s from 97.90 EH/s on 24th October. The drop comes after the mining power saw three months of continuous rise. According to Chris Zhu, the co-founder of Poolin, the reason for this decline is surprisingly unobvious – the end of […]
2019-11-2 03:59 | |
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Bitcoin (BTC) mining uses up as much electricity as Austria in a year, at 73. 12 TW/h, shows data collected by Digicomist. com. This exorbitant energy use is viewed as one of the strongest arguments that mining is an activity extremely damaging to the environment.
2019-10-20 16:30 | |
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If you’re a Bitcoin miner or enthusiast, you now have another reason to smile. On October 12th, RSK, the project that brought smart contracts to Bitcoin, launched a new incentive program that will provide a big boost to its merged mining rewards program.
2019-10-16 04:16 | |
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Analysts have reportedly discovered the source of the sextortion emails that’ve plagued the internet since last year — the ones that demand Bitcoin or else they’ll leak videos of you masturbating to kinky pornography.
2019-10-14 18:12 | |
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The prevention of mining centralization via the use of ASIC miners is becoming more common in the crypto market lately. Now, Ravencoin (RVN) is set to implement a new hard fork that will make the network resistant to ASIC miners.
2019-10-1 22:09 | |
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China’s link with cryptocurrency is not only limited to government initiatives but also the local users that still dominate the Bitcoin mining landscape. Primitive Ventures’ Dovey Wan, who also holds deep understanding of China’s financial market, recently claimed the aforementioned reason as the primary factor for China’s sizable local crypto supply.
2019-9-4 19:10 | |
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Argo Blockchain, a company focused on Bitcoin mining, has recently increased its hashrate. The company has been reported to have expanded its mining capabilities a lot lately. The reason for that is that the company got a lot of money because the price of its stocks went up. According to Google Finance, the stocks of […]
2019-8-28 04:55 | |
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SBU (Security Service of Ukraine) detectives have discovered a cryptocurrency mining operation at one of the nation’s nuclear power plants. The agency has reason to believe that it was officials at the facility that had installed the unauthorised hardware.
2019-8-22 23:00 | |
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Ethereum is currently focused on upcoming hard fork Istanbul. However, this upcoming hard fork will not include the most-talked-about Ethereum Improvement Protocol, ProgPow. The main reason behind this move can be attributed to the security audit of the protocol.
2019-8-18 22:30 | |
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In a recent post shared by Bitcoin. com, arguments have been made in relation to how crypto mining activities can help oil companies reduce both their costs and excess oil, where the latter typically goes to waste.
2019-7-20 23:40 | |
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Besides fat-fingered whales, the other species HODLers should learn to fear are large-scale Bitcoin miners whose electricity cost is zero. The reason? Their break-even point is low enough to depress the fair market value of the Bitcoin price, dashing the asset’s seven-figure ambitions.
2019-7-14 22:30 | |
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Going against the tide of crypto adoption, Australia’s central bank published a comprehensive report aimed at glorifying their domestic fiat against Bitcoin. The primary argument made by the Reserve Bank of Australia (RBA) was related to the network speeds, scalability and mining costs of Bitcoin, although the ultimate focus was on flaunting Australia’s fiat network’s current performance.
2019-6-21 22:00 | |
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R3 Founder Finds Security Aspect Of Mining “Pretty Scary,” Shares All During MCC 2019 Prague-based, Braiins, company operating Slush Pool, a crypto-mining pool, launched the Braiins OS Cobalt sometime last year.
2019-6-3 21:20 | |
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For some reason, CoinDesk and other publications have taken to publishing the narrative that Bitcoin Cash leveled a “51% attack” on its own chain. Here is one of the articles in question for reference.
2019-5-25 10:24 | |
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On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.
2019-5-11 21:34 | |
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While the Crypto Winter may be lingering with us into the spring, crypto exchanges are doing just fine. According to CoinMarketCap, there are now 255 major crypto exchanges.
2019-5-4 22:14 | |
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AMD Surpasses Target Earnings As Crypto Bull Market Returns Advanced Micro Devices (AMD), a U. S. -based IT company has surprised Wall Street with more earnings than expects this year, the company affirmed yesterday, April 30.
2019-5-1 21:37 | |
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China is considering banning Bitcoin miners, citing environmental issues as the reason; in reality the situation is different, writes Forbes
2019-4-27 19:39 | |
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A Chinese company subsidiary of Huatie, has been sold for $2 million after having a valuation of $25 million a year ago. The firm is called Huatie HengAn and the reason behind this plunge in its value is related to the drop in cryptocurrency mining profitability. Company Losses 90% Of Its Value After Bear Market […]
2019-4-21 01:25 | |
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The Massive Progress Of Mivhash Mivhash has started with a concept of renewable energy for cloud mining and for this purpose they use renewable energy that is low in cost. This is the reason why you can invest your Cryptocurrency with Mivhash without having to worry about the high prices for buying hardware that eventually […] The post MivHash a renewable energy cloud mining service is becoming the strongest contender in the cloud mining industry appeared first on ZyCrypto.
2019-3-29 16:42 | |
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Bitmain’s long-anticipated initial public offering (IPO) filing with the Hong Kong Stock Exchange is officially a bust. The mining titan’s IPO expired on Tuesday, March 26, 2019.
2019-3-26 00:22 | |
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An Israeli court ruled on March 17, 2019, that banks can't enforce a blanket ban against all accounts linked to cryptocurrency. Instead, the court said, banks need to consider the specific type and scope of crypto-related activity before determining whether or not to open an account.
2019-3-20 18:53 | |
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Ebang, one of China’s top manufacturers of bitcoin miners, is planning to produce 400,000 mining machines in 2019. On February 22, 2019, Ebang reportedly announced this plan to expand dramatically throughout the fiscal year.
2019-2-26 22:09 | |
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The Spanish cryptocurrency project CryptoSolarTech, which promised to launch mining farms using solar energy, decided to reimburse all funds collected within the ICO to investors. The reason is that it did not manage to receive permits from the Spanish authorities.
2019-2-24 12:48 | |
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As if Bitmain’s year hasn’t been rough enough, having posted big losses and laying off entire departments, its flagship product now has a firmware vulnerability. A few weeks ago, Bitcoin Core contributor James Hilliard discovered an exploit in Bitmain’s S15 firmware.
2019-2-21 23:44 | |
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One problem that concerns many is the centralization of mining within the Bitcoin ecosystem. Fortunately, there are talented developers working to solve this problem and Matt Corallo, full-time Bitcoin developer at Chaincode Labs, is one of them.
2019-1-26 23:50 | |
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Another bitcoin miner this week shut down its operations, though the news didn’t come as much of a shock. The latest closure, of U. S. -based Giga Watt which went bankrupt last year, follows a trend among large mining operations that stretches back years.
2019-1-18 09:35 | |
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According to the Graphic Processing Unit development company, and graphics cards designer, Nvidia is going from bad to worse as it sees less that positive returns on its GPU sales for cryptocurrency mining.
2018-12-31 20:36 | |
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Africa (countries in Africa) just like many other countries are still yet to fully adopt the technology of cryptocurrency and the major reason for this can be traced down to law enforcement organizations who are still uncertain on what to categorize cryptocurrencies as and where exactly the digital currencies fall into.
2018-12-20 23:38 | |
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The Bitcoin Cash (BCH) hashwar begun on November 15. Over the last 24 hours, the two sides have battled for control of the world’s fourth largest cryptocurrency. A BitMEX analysis from earlier today reveals just how costly the battle has become: both BCH camps are mining at a major loss. One reason why bitcoin is […]
2018-11-17 08:04 | |
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BTCC will be shutting down its mining pool by the end of the month. According to a recent notice made by the Hong Kong-based exchange, BTCC will deactivate its mining pool servers on November 15, 2018, and cease all operations entirely come November 30.
2018-11-7 21:29 | |
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BTCC, Hong Kong-based cryptocurrency exchange, is shutting down its mining pool business, BTCC Pool Limited, after 4 years in operation. On November 6, BTCC Pool said that it would shut down all mining servers on November 15 and would cease operations indefinitely from November 30, citing the reason for the closure as “business adjustments”. The […]
2018-11-6 16:08 | |
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Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it.
2018-10-24 19:38 | |
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Bitcoin (BTC) held its ground when the stock market plunged deep into the red yesterday. Both the S&P 500 and Dow Jones Industrial Average registered significant drops. However, Bitcoin (BTC) remained unaffected by it.
2018-10-11 17:00 | |
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Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
2018-10-3 19:05 | |
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Switzerland is one of Europe’s most pro-crypto countries. Home of Zug, affectionately known as Crypto Valley, Switzerland are spearheading numerous moves to cryptocurrency adoption, and are also fostering a very healthy mining industry too.
2018-9-21 08:00 | |
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Chart for BTC/USD (1W) Bitcoin (BTC) is currently trading just above $6,400. The average cost for mining one Bitcoin (BTC) lies slightly below this level between $5,800 and $6,200. This is the reason the price has managed to stay above those levels for now despite the fact that the volume is so low that a couple of million dollars could swing the price either way.
2018-9-20 17:00 | |
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Google removed at least three major cryptocurrency wallets from its Play Store overnight. While the reason for their removal is not immediately clear, Bitcoin. com CEO Roger Ver is blaming Google’s new cryptocurrency mining policy.
2018-9-13 14:19 | |
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A decommissioned mine in the Norwegian Fjords is alleged to have been converted into a data centre, designed to mine Bitcoin in an efficient and sustainable manner. It’s not the first time an old mine has been re-designed as a Bitcoin mine, there’s a very good reason for that too, old mines allow for the perfect environment for cryptocurrency mining.
2018-9-3 18:00 | |
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Media accounts are leaning toward blaming a supposed lack of interest in cryptocurrency as the reason US chip behemoth Nvidia has backed out of the mining industry. It was only a little over a year ago the company hoped to make an impact in the space.
2018-8-24 05:00 | |
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Japanese telecom giant SoftBank has denied media reports of its involvement in a pre-IPO funding round of bitcoin mining rig manufacturer Bitmain. Last week, several media outlets had reported that SoftBank and Chinese internet giant Tencent were leading a pre-IPO funding round for Bitmain.
2018-8-21 18:03 | |
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Security and volatility. They are the two aspects of cryptocurrencies that are attacked the most. While there are other challenges such as scalability, the energy consumption associated with mining, and privacy, cryptos’ volatility is often cited by skeptics as the reason they could never become a mainstream payment method. In 2017 alone, Bitcoin’s value rose […]
2018-7-31 23:00 | |
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Although the ideas behind the current Ethereum protocol have largely been stable for two years, Ethereum did not emerge all at once, in its current conception and fully formed. Before the blockchain has launched, the protocol went through a number of significant evolutions and design decisions.
2018-7-21 23:03 | |
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MinerBit claims to be the leading mining company in Bitcoins, why we say ‘they claim' is because the company still has a long way to acquire such a title. Read on to find out why you should stay clear of the platform just yet.
2018-7-5 13:17 | |
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Tether has announced the expansion of its USDT token to an eighth blockchain.
The FMA reports two-thirds of the investment fraud reports filed in 2020 were related to cryptocurrency and digital currency trading products.
This is the second bitcoin ETF approved to trade in Canada.
Geely will own 80% of the venture while Concordium will own the rest.
Gates has previously criticized cryptocurrencies and said he'd short bitcoin "if there was an easy way to do it."
A new tie-up with payments firm Klarna brings the exchange access to more than 5,000 banks across Europe.
Local firm Bitcoin Suisse has partnered with the canton of Zug, converting cryptocurrency tax payments into Swiss francs.