Bitcoin is Dominating Crypto Taking Over 90% of All Mining Fees

When considering Bitcoin dominance in terms of market cap and trading volume, spare a thought for the poor miners. The miners of other altcoins, that is, as they share under 10% of the total fees value between them. Only Bitcoin (and Ethereum) Mining Truly Earns A Fee According to figures from Messari.io, Bitcoin miners collected […]

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Bitmain Losing 88% Market Share is Turning Out Great For Bitcoin (BTC)

Bitcoin mining giant Bitmain has less positive news as bitcoin price reclaims $6000 and the hash rate continues its steady climb. Its internal mining operations show a reduction of 88% of hash power in the past month. Bitmain On A Steadily Downwards Trajectory Beleaguered Bitcoin mining-rig manufacturer, Bitmain, just can’t seem to catch a break these […]

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Bitcoin Network Hash Rate Climbs to 6-Month High

The Bitcoin hash rate has climbed to its highest level since late October 2018 as the BTC spot price looks to break $5,800. Bitcoin Hash Rate Reaches 4th-Highest-Ever Level Data from Blockchain.com currently shows the Bitcoin hash rate – the computing power responsible for securing the network, at above 58 quintillion hashes per second (58 […]

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Square Cash Bitcoin Sales Will Overtake Mining Rate After 2020

Square’s Cash app reported record Bitcoin revenue once again, in its Q1 2019 earnings report. If growth continues at this rate, there could soon be 2 BTC bought on Square Cash for each one mined. Record Quarterly Bitcoin Sales On Cash App Jack Dorsey’s financial services provider, Square, posted another quarter of record BTC sales through […]

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Why Moving to Texas Could Give Bitcoin Miners Maximum Profit

Flaring, a common practice of burning off natural gas that can’t be efficiently captured and stored has reportedly reached record levels in the state of Texas. Let’s look at why Bitcoin mining would be the perfect solution to capture this energy ‘waste’ and transform it into sound money.  Texas ‘Energy Waste’ Rises 85% According to […]

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Chinese Company Lost $23 Million Allegedly Mining Cryptocurrency in Secret

A subsidiary of Chinese firm Huatie has been sold off at 10 percent of its initial value following losses from suspected secret cryptocurrency mining activities amounting to about $23 million. 90 Percent Value Plunged Probably Due to 2018 Bear Market According to Chinese crypto media outlet 8BTC, Huatie HengAn, a subsidiary of Huatie has been […]

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Binance Officially Delists Bitcoin SV (BSV) In an Unprecedented Move

Binance has officially announced that it will delist Bitcoin SV from its list of supported tokens. The cryptocurrency exchange has given traders a one-week grace period to adjust to its decision. Binance Officially Delists BSV In a statement published on its website on Monday (April 15, 2019), Binance announced its decision to delist Bitcoin SV. […]

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Bitcoin Converts ‘Waste Product’ From Oil Industry into Financial Freedom, Says Miner

Bitcoin mining is an industry that seeks out cheap energy sources that would often go to waste. And in some parts of North America, natural gas is becoming pretty much exactly that. The Oil Industry Produces More Gas Than It Can Handle Natural gas prices in North America have tanked. As an unavoidable by-product of […]

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Bitmain IPO Application Fails to Impress – Set to Expire Today

After six months of inactivity, the Bitmain IPO is set to expire bringing to a close another difficult chapter for the beleaguered cryptocurrency mining behemoth. Bitmain IPO: Dead on Arrival The Bitmain Technologies application for an initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX) expires today, Monday (March 25, 2019). Exactly six […]

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GPU Miners May Soon Have Another Way to Make Money

GPU-based cryptocurrency miners have taken a beating throughout this bear market — just ask NVIDIA. However, users with spare GPUs may soon be able to put their ineffective mining hardware to another profitable use: renting rendering power to those looking to experience quality PC gaming on an underpowered computer.  As reported by TechCrunch, Vectordash is […]

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