News
Bitcoin’s mining difficulty, on Sunday, hit a new all-time high, rising roughly 4.68% from 37.59 trillion to 39.35 trillion. By industry standards, mining difficulty is the figure that represents the computational power required to mine a single BTC. It’s updated roughly every two weeks. It
News
Binance, the largest crypto trading protocol by daily exchange quantity, has disclosed an intent to financially assist the industry focused on digital currency extraction through its loan initiative that was recently introduced by the exchange’s mining group. As announced by the trading protocol, “In the light of current market
Press Releases
So you have heard of bitcoin but aren’t sure what bitcoin mining is all about? Read on to learn what bitcoin is and how it works. What is Bitcoin Mining? Bitcoin mining is the process by which miners contribute their processing power to verify and process Bitcoin transactions and
News
A Monday report revealed New York City's Mayor, Eric Adam’s speech against a proposed law that is a notch away from making bitcoin mining illegal in the nation for the next two years. The proposed bill is composed to put a halt on proof of work (PoW)
Bitcoin
Square Inc - the payments subsidiary owned by Twitter CEO Jack Dorsey, is set to invest in a new Bitcoin Clean Energy Initiative which aims to make crypto mining more eco-friendly. Announced this week, Square says it will be investing $10 million in the project in a bid to support
Africa
Multiple reports show that a growing number of Egyptians are turning to Bitcoin (BTC) as the country's economic and unemployment crisis continues. According to local news Al-Monitor, many Egyptians are picking up interest in bitcoin mining and trading since the start of the coronavirus pandemic, as they seek
Bitcoin
The Cambridge University Centre for Alternative Finance (CCAF) has launched a "Bitcoin Mining Map" - a tool that shows the distribution of hashing power and origin of monthly Bitcoin mining activities worldwide. According to the University, the platform is the first to publicly offer a geographical breakdown of
Bitcoin
As the Bitcoin halving event edges closer, the Bitcoin mining industry is agog with expectations for miners and bitcoiners who anticipate a rise in profitability and overall BTC price. With five (5) days before the bitcoin block rewards are reduced by 50%, the btc network has reached its strongest point
Bitcoin
Bitcoin (BTC) hit a new hash rate milestone this week, despite dropping almost 12% last week. The bitcoin hashrate refers to the combination of computing power which miners dedicate to validating transactions on the Bitcoin blockchain. That is, the higher the value, the more power there is. Analysts say the