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Category Archives : Bitcoin Mining

A Bullish Bitcoin Mining Hashrate Prevails Despite Price Uncertainty
17 Aug
5:05

A Bullish Bitcoin Mining Hashrate Prevails Despite Price Uncertainty

The major cryptocurrencies are holding on to their recent short-term gains, as the oversold bounce that followed the early-week liquidation continues. One of the most oversold top coins, Ripple is leading the way higher as it broke out above the $0.30 resistance and rallied to $0.32 in early trading. The…

Experts: Bitcoin Hashrate Increase Shows Investors are Happy in Long-Term
17 Aug
5:16

Experts: Bitcoin Hashrate Increase Shows Investors are Happy in Long-Term

Advertisement The hashrate of the Bitcoin network, which represents the amount of computing power securing the blockchain, has continued to increase despite the 70 percent decline of BTC since January of this year. David Sapper, chief operating officer at Australia-based cryptocurrency exchange Blockbid, said in an interview with Bloomberg that…

Mining startup dumps unprofitable users, blames it on Bitcoin price drop
16 Aug
5:27

Mining startup dumps unprofitable users, blames it on Bitcoin price drop

Popular cloud based cryptocurrency mining service, Genesis Mining, is calling it time on lower tier Bitcoin mining contracts after claiming they’ve become a pointless endeavor. In a Genesis Mining blog post (spotted by Cryptovibes), the cloud mining firm stated that it will no longer continue to support its lower tier…

How Bitcoin Mining Could Become An Activity For The Crypto Bourgeois
16 Aug
5:35

How Bitcoin Mining Could Become An Activity For The Crypto Bourgeois

Bitcoin mining was once an activity for techies. An activity that made the most of powerful computing rigs in order to mine and develop a currency which could be used to hide away from the ruling class. An activity for a working class hero. Now though, much like cryptocurrencies themselves,…

New Player to Offer Next Generation ASIC Chips This Year
15 Aug
5:43

New Player to Offer Next Generation ASIC Chips This Year

Mining A new competitor is advancing on plans to enter the mining hardware market by the end of the year. Canadian company Squire Mining has raised almost $20 million to finance the design, development, and testing of a new ASIC chip and bitcoin mining rig. Squire also wants to set…

Coders Renew Efforts to Fork Mining Giant Bitmain Off Siacoin Blockchain
15 Aug
6:18

Coders Renew Efforts to Fork Mining Giant Bitmain Off Siacoin Blockchain

New code is set to be released that would make obsolete the mining hardware designed by chip maker Bitmain for the decentralized storage protocol siacoin. Revealed in an email obtained by CoinDesk, Obelisk, a startup that aims to offer alternative mining equipment for the protocol, has proposed code would give…

Bitcoin Mining Monopoly Bitmain May Branch Out From Crypto
14 Aug
6:08

Bitcoin Mining Monopoly Bitmain May Branch Out From Crypto

Cryptocurrency investors are not getting any respite from the bearish mood of the market as, once again, Bitcoin dipped below $6,000 to reach a near 2018 low on Tuesday. The market has been hit by uncertainty over the upcoming cryptocurrency regulations from various jurisdictions across the world, and in the…

Students are Mining Bitcoin in University Dorms, Campuses are Alert
14 Aug
6:40

Students are Mining Bitcoin in University Dorms, Campuses are Alert

While Bitcoin mining — which is the backbone of many public blockchains —  is often left to the operators of data centers, some university students have begun to try their hand at running their own, in-dorm mining efforts. Bitcoin Mining In Unexpected Places — University Campuses Speaking with CNBC journalists, Patrick…

Bitcoin (BTC) Holds onto Mining Crown, Hashrate Sets New Record
13 Aug
6:24

Bitcoin (BTC) Holds onto Mining Crown, Hashrate Sets New Record

The latest market downturn has not prevented miners from supporting the network at unprecedented rates. Bitcoin (BTC) saw mining rates hit a record of over 55 million TH/s, later retreating but still standing high at 52 million TH/s. The climb to peak rates follows a dip in mining, which took…

Vietnamese Stop Importing Bitcoin Mining Rigs as Import Ban Looms
13 Aug
6:29

Vietnamese Stop Importing Bitcoin Mining Rigs as Import Ban Looms

Regulation Vietnamese businesses and individuals have stopped importing bitcoin mining equipment into the country since the beginning of July, according to the Ho Chi Minh City Customs Department. This follows the government’s efforts to pass a law banning the import of bitcoin mining rigs into Vietnam. Also read: Yahoo! Japan Confirms…