Tag: crypto mining

For quite a long time period it was a common practice among some investors considered to invest some of their holdings in gold or other valuable commodities. It is right to some extent as gold is a good option to save your portfolios from inflation and stock market drops. And what is an interesting thing to notice is that the same idea is...

Bitcoin mining has now developed into a lucrative business globally. Provided you live in a country with acceptable electricity costs or you can somehow generate the energy yourself cheaply. Most of Bitcoin mining is done in China because electricity costs and infrastructure are cheap there. Due to the waste of energy in Bitcoin, there are repeated discussions about the usefulness of mining. China...

The program permits Hut 8 to redeem their borrowed coins without a long term commitment.

Former directors of Canaan Inc. are investing in the Shanghai firm and will help launch its new mining subsidiary.

All markets are cyclical, and the cryptocurrency markets are no different. At the height of the crypto bubble in 2017, everyone wanted to get into Bitcoin. People scrambled to buy the asset and altcoins on exchanges like CoinEx, while others took the...

Crypto-jacking is giving nation-state hackers a decoy for their more malicious attacks, Microsoft cautioned in a report.

The company reported strong financial results as the gross mining margin increased to $9.2 million.

Canaan, one of the top crypto mining...

Bitcoin has brought attention back to the crypto space but has now become so expensive and its network so overly congested with participants that mining it is no longer as lucrative as it used to be. Only the largest companies with access to cheap energy prices can find success mining BTC. But that doesn’t make cryptocurrency mining entirely unprofitable. In fact, a new...

Bitcoin mining difficulty recently experienced its second-largest percentage drop in its 12-year history. The crypto mining difficulty dropped by about 16% on November 3, 2020. Popular blockchain analytics firm Glassnode estimated Bitcoin mining difficulty to be at about 16.78 trillion. That is approximately a -16%...

Aberdeen, Hong Kong, Hong Kong, September 10, 2020. – The act of mining cryptocurrencies is about 12 years now. The first cryptocurrency, Bitcoin, was mined for the first time in January 2009. Back then, the process was democratic. The person or group of people that wrote the Bitcoin code (Satoshi Nakamoto) envisioned a process that […] The post...