Information from China Claims many Bitcoin Miners have shut down due to reduced hash rate. How Possible?.

There has been news going around that major mining rigs in China have shut down as a result of reduced profitability due to reduced hash rate. According to the information, many miners say they have been mining at a loss for months but can no longer afford to continue because of increased electricity tariffs due […] The post Information from China Claims many Bitcoin Miners have shut down due to reduced hash rate. How Possible? appeared first on ZyCrypto. origin »

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North Korea to Hold Crypto Conference in April.

North Korea plans to host an international summit of experts from the cryptocurrency industry. The Pyongyang Blockchain and Cryptocurrency Conference will be held in April of next year at a science and technology center in the national capital. origin »

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Bitcoin Cash ABC update exposes potentially catastrophic vulnerability.

It hasn’t been long since the monstrously wasteful hash wars began, but it already seems both newly spawned blockchains are running into potentially crippling technical difficulties. Shortly after BSV (nChain’s implementation of Bitcoin Cash) suffered from a bug that split its network in two, it appears that BAB (Bitcoin-ABC’s implementation of Bitcoin Cash) has rolled out a software update that puts its entire network at risk of 51-percent attacks from rogue miners. origin »

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Bitcoin Hashrate Drop Sparks Rumors of $3.8K Miner ‘Turn-Off Price’.

The drop in Bitcoin hashrate has sparked rumors China has turned off huge numbers of mining rigs as the process is no longer profitable. ‘More Economic To Turn Them Off’ Video and photo content which allegedly came from F2Pool owner BitFish hit western social media November 20, being uploaded by local news feed cnLedger and Primitive partner Dovey Wan. origin »

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ETH Mining Not Profitable, Miner Heats Home With ASIC Rigs.

In recent mining news, Susquehanna International Group has reported that it is no longer profitable to mine ether with a GPU. In other news, a Canadian miner has taken to Twitter to share photos of a system that recycles the heat generated by his six ASIC miners, while Jihan Wu has accused Craig Wright of […] The post ETH Mining Not Profitable, Miner Heats Home With ASIC Rigs appeared first on Bitcoin News. origin »

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