Over the years, the crypto arena has been growing extensively, and most people are gradually venturing deeper into the industry. However, many crypto enthusiasts have no idea that major cryptocurrencies, such as Bitcoin and Monero, are mined through a proof-of-work algorithm or a variation of it. As for the mining process, it is usually very extensive, requiring the use of heavy CPU...
BlockFi has received the bankruptcy court's approval to set up the auction for its crypto mining business. The bidding process will conclude by 20 February and all deals will be subject to approval from the court.
BlockFi Inc. was granted permission by the bankruptcy court to hold an auction for the cryptocurrency lender's mining operation. During a Monday morning video court hearing, BlockFi attorney Francis Petrie stated that the company intends to submit bids as soon as possible to benefit from the current market circumstances. Petrie informed US Bankruptcy Judge Michael […] The post...
Argo Blockchain investors have filed a class action lawsuit, claiming that the miner misled investors and omitted important details during its 2021 initial public offering (IPO). On January 26, a brand-new complaint was launched against Argo and a number of its executives and board members. It asserts that the company concealed its vulnerability to cash […] The post...
In Pennsylvania, the first nuclear mining center in the United States has been finally completed. A 48-megawatt nuclear-powered bitcoin mining center is set to open on a massive 1,200-acre campus in the United States. The 300,000-square-foot facility is set to revolutionize the way bitcoin is mined, as it harnesses the power of nuclear...
The U.S. Securities and Exchanges Commission SEC accidentally disclosed the private information of crypto miners from the blockchain company Green. In a recent report, the agency leaked the contact details like names and email addresses of several cryptocurrency miners working with the Green blockchain company. SEC Admits Its Mistake in Recent Reveal On January 17th, the Washington Examiner...
September 2022 marked the arrival of the Ethereum merge, the long-awaited upgrade of the Ethereum (ETH) network from proof-of-work to a...
Northern Data (XETR:NB2), a publicly-listed provider of High-Performance Computing (HPC) solutions from Germany, has published its mining division Bitcoin (BTC) production numbers for December and 2022. Additionally, the company forecasted an annual revenue in the...
Argo Blockchain (NASDAQ:ARBK), a publicly-listed crypto mining company, published its December 2022 operational update on Wednesday,...
Core Scientific, a publicly-listed crypto mining company, was able to increase its Bitcoin (BTC) production in December 2022,...
Technology giant Microsoft has banned cryptocurrency mining on its online services without written pre-approval. According to a Thursday report from The Register...
Despite the latest rallies in recent years of Bitcoin, we can see that the broader market has taken a beating in 2022. Over the past few months, since the price of Bitcoin continued to seesaw between bullish and bearish candlestick patterns, today we can see the bigger picture and realize the bearish trend. And yet, even in this situation, one question still resonates...
Microsoft has modified its policy terms to make it clear that mining cryptocurrencies on its online services are not permitted...
Proof-of-work is a blockchain consensus mechanism used to confirm and record cryptocurrency transactions. It requires network participants to use computational power to solve complex cryptographic puzzles as fast as possible, rewarding only the first participant to succeed. Every cryptocurrency has a blockchain, a public ledger comprised of transaction blocks. Each block of transactions in a proof-of-work cryptocurrency has a unique hash. To...
The post New York's Democratic Gov Puts Ban on Cryptocurrency Mining appeared first on Coinpedia Fintech News On Tuesday, Kathy Hochul, the governor of New York, signed legislation outlawing some bitcoin mining businesses that use carbon-based energy sources. A proof-of-work...
The recent crash in the price of bitcoin has distressed bitcoin miners. They are compelled to sell in order to cover their expenses. In the past three weeks,...
Bitfarms (NASDAQ:BITF), a cryptocurrency mining company, recently reported its financials for the three months that ended 30 September 2022. Despite higher
Canaan Inc. (NASDAQ:CAN), a cryptocurrency mining hardware manufacturer, reported its quarterly numbers on Monday. During the three-month period that ended on 30 September 2022, the computing solutions provider achieved a revenue of $137.5 million, representing a decrease compared to the last quarter and the same period a year earlier.
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Cryptocurrency mining may seem attractive to those looking to get some of that magical internet money. But as ASIC took over the proof of work mining, while staking kept getting more expensive, people started to look towards mobile crypto mining. Sure, mobile mining does sound attractive, considering you only have to use your mobile device for it. And as mobile devices started being...
Blockchain is significantly changing the world we live in, and the crypto market comes with opportunities the world has never seen before. Therefore, we can’t help but wonder how to mine cryptocurrency. There’s a lot to learn about cryptocurrencies, starting with their history, how they work, their potential impact on our society’s future, and many more. But today, we’ll talk about one of...
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