The work that goes into creating bitcoins and other digital currencies is as fundamental as it is labor-intensive. Coverage will enhance your understanding of this vital part of the process from every angle.
The government in Iran is reportedly moving to authorize bitcoin mining but seems divided on the topic.
The power authority of Zhenjiang noticed an unusual spike in electricity consumption and abnormal line loss in some factories, and reported them to the local police.
Chinese bitcoin miners have made requests through official channels to Iranian government, asking if they can leverage the country’s cheap power.
The University of Cambridge’s Judge Business School has released a model for estimating Bitcoin’s real-time and annual energy use.
Cryptocurrency miners in Iran have seemingly moved their operations to religious centers, which receive free energy in the country.
The Iranian government has reportedly seized over 1,000 bitcoin miners as it works to curb the industry’s use of subsidized energy.
The crypto mining industry’s energy consumption today go toward providing proof of work, immutability and consensus in a decentralized network.
Mining pool operators Bitmain and Poolin are locked in a legal battle over noncompete agreements.
Iran’s deputy energy minister is pushing for cryptocurrency miners to pay power bills at rates equivalent to those charged for electricity exports.
According to CoinShares’ latest biannual mining report, the vast majority of bitcoin mining power comes from renewable energy sources.
Strict regulations, costly electricity prices and the high cost of setting up a mining rig are some of the major reasons why the African mining community is spread so thin.
Braiins, the company behind Slush Pool, is pushing out some upgrades for its popular products — Slush Pool and Braiins OS.
Although China has shut down bitcoin trading platforms, its attitude toward bitcoin mining is still ambiguous. Now, 70 percent of the world’s bitcoins are produced in China, especially along the Dadu River, where there is plenty of hydropower.
Chinese companies have jumped on the bandwagon of bitcoin mining, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations.
“Last year was not profitable for many miners,” said Hut 8 CEO Andrew Kiguel. “[But] we believe that bitcoin is the future of digital money and that our work is crucial.”
In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.
Research has shown that the number of on-chain Bitcoin transactions has risen dramatically throughout 2019, but SegWit is keeping fees down.
“With green hydroelectricity at a competitive price, innovative universities and this recent decision by the Energy Board that clearly supports the [mining] industry, Québec has all the ingredients to become a blockchain hub,”
Profits earned from bitcoin mining have seen a clear rise since the start of April 2019 and hit a near half-a-year high on April 15, 2019.
The president of Belarus reportedly plans to establish a mining farm adjacent to the country’s nuclear power plant.
A number of provincial governments are offering lower rates to attract bitcoin miners and Labrador’s government is considering energy incentives to attract “outstanding requests for service” from bitcoin data processors.