It’s Now Easier (And More Profitable) to Mine Bitcoin After Difficulty Drop

As Bitcoin mining hash rate has decreased amid lower prices, the mining difficulty has adjusted by design, making it easier to mine bitcoin.  Bitcoin mining difficulty adjusts to lower price For most of 2018, while the bear market persisted, mining hash rate and difficulty for Bitcoin continued to increase. Now it appears that the mining […]

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Bitcoin Mining: Everything You Need to Know

Bitcoin mining is a term that everyone in the cryptocurrency and even many outsiders are familiar with. This is a process performed by high-powered computers (also known as nodes), which solve complicated computational math problems. While distinct, there are certain similarities between bitcoin mining and actual mining for precious metals such as gold, for example. […]

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Sweden Braces For Migrant Caravan Of Norwegian Bitcoin Miners

Data center managers in Sweden are expecting a deluge of inquiries from cryptocurrency mining operations in Norway. The Norwegian authorities this week revoked energy tax subsidies for the sector, throwing the future of many companies into doubt. ‘The Dirtiest Form of Cryptographic Output’ Up until this week, mining firms in Norway qualified for the same […]

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Bitmain No Longer Under Influence of Jihan Wu, Says Lawyer

Bitmain co-founder Jihan Wu no longer has influence over the company’s decision-making processes after an executive board reshuffle, a lawyer told local media November 12. Wu Now ‘Supervisor’ As Sanyan Blockchain reports, the mining giant altered the make-up of its board last week. Among the changes, Wu’s position went from a director to a “supervisor,” […]

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How To Mine Bitcoin More Efficiently…Use An Actual Mine in Norway

Bitcoin mining is unquestionably a costly business, but Northern Bitcoin claims to have cut expenses by using a former metal mine in Norway. Innovation Station Bitcoin mining is unquestionably a costly business, both in financial and ecological terms. But Northern Bitcoin claims to have cut their price and energy costs by utilizing a former metal […]

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Why Did Bitmain’s Antpool ‘Stop Mining’ SegWit Blocks?

Antpool, the Bitcoin mining pool owned by hardware manufacturer Bitmain, has stopped mining Segregated Witness (‘SegWit’) blocks. A Question Of ‘Charity’? In a move which has sparked suspicion among cryptocurrency figures, data from the past seven days of block mining shows Bitmain mining blocks of under 1 megabyte – smaller than SegWit blocks mined by […]

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Bitcoin Mining: Three Reasons Why Energy Consumption Rhetoric Is Pure Nonsense

When they aren’t bashing Bitcoin as a bubble, nocoiners can usually be found trying desperately to prove how the activities of miners will bring about the end of the world. Here are three reasons why the energy consumption rhetoric is utter garbage. The Global Energy Misconception The pseudo-environmentalist brigade will have you believe that Bitcoin […]

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Bitmain Fights Rumors by Launching New ASIC Chip

As Bitmain’s IPO date approaches, negative news involving the company could add up. The CEO of Bitmain, Jihan Wu, countered the pessimism by launching a brand new “algorithm acceleration chip.” Bitmain’s Anonymous Detractors After the news that Bitmain’s earnings over the course of Q2 didn’t turn out according to plan, someone who claims to be an insider […]

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Highly Illogical? William Shatner Endorses ‘Bizarre’ Bitcoin Solar Mining

Wilma Woo · June 14, 2018 · 12:00 pm Star Trek stalwart William Shatner has become the latest celebrity to champion Bitcoin by endorsing a solar-powered mining project in Illinois. ‘You Have To Blank Your Mind’ In an interview with Chicago Tribune on June 13, the 87-year-old veteran actor told of his support as spokesman for […]

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Philippines: UnionBank Mines Bitcoin In Conference ‘Experiment’

Wilma Woo · May 18, 2018 · 12:00 pm The seventh-largest bank in the Philippines by assets ran Bitcoin miners at a conference this week, signaling bullish sentiment from the local finance industry. Philippines Bank ‘Exploring How Bitcoin Works’ Through Mining Images uploaded to social media from the BusinessWorld Economic Forum 2018 by Satoshi Citadel […]

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