mining

crypto

On Tuesday, lawmakers will vote on an unaltered crypto tax bill

The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation. And any crypto firm deemed to be a “broker” will be subject to broad third-party reporting requirements. On Monday, Jake Chervinsky, Compound Labs’ general counsel, tweeted. That the US Senate had voted 68 in favor to 29 against ending the […]

bitcoin mining

Difficulty of mining bitcoin has decreased for the fourth time in a row

Despite China’s ongoing crackdown on cryptocurrency mining, mining new Bitcoin (BTC) is becoming easier, with BTC’s mining difficulty dropping yet again. According to data from Bitcoin explorer BTC.com, the Bitcoin network experienced its fourth consecutive negative adjustment of mining difficulty on July 18, dropping 4.8 percent. The most recent mining difficulty adjustment took place at […]

crypto mining

China has banned crypto mining in Anhui Province

The Chinese government is continuing its crackdown on crypto mining by suspending operations in yet another province. According to local news agency Hefei Online, authorities in Anhui, a small province in eastern China, have announced a set of measures to address rising electricity demand and a resulting power supply shortage over the next three years. Anhui […]

Active Bitcoin miners are now 'unlikely' sellers as a result of a profit boost, according to data.

Active Bitcoin miners are now ‘unlikely’ sellers as a result of a profit boost, according to data.

According to new data, Bitcoin (BTC) miners are “unlikely” to put pressure. On the BTC price by selling coins in the coming weeks. Glassnode, an analytics resource, sought to allay fears of another large miner sell-off in its latest weekly report, The Week On-chain. Difficulty drop a gift to remaining miners Miners selling BTC to […]

Riot targets 0.46% of total hash power

Riot Blockchain Boosts It’s Hash Rate by 45% Per Second by Deploying 1,000 Antminers

Publicly listed Bitcoin (BTC) mining company Riot Blockchain expects to increase its hash rate by 45 percent after receiving 1,000 Bitmain S19 Pro Antminers. The batch of miners consists of the first of three tranches ordered by Bitmain’s latest generation of miners. With a total of 2,000 S19 Pro and 1,040 S19 miners recently purchased […]

Bitcoin Mining

ASIC Miners Are the Best Way to Ensure Bitcoin Network Security

Wholesale adoption of Bitcoin Application-Specific Integrated Circuits (ASIC) mining (BTC) will raise a factor of up to 2,000 the cost of an attack of 51%. At the Unitize Conference on 10 July, Rod Garratt University of California Santa Barbara presented the study co-authored by Maarten van Ordt of the Bank of Canada. It looked at […]

Researcher: Exchanges Could Fight Hackers By Renting Mining Power

Exchanges Can Battle Hackers By Renting Mining Power: Researcher

Coin Metrics researcher Lucas Nuzzi, speaking at the virtual event Unitize. Suggested that one way for exchanges to fight against hackers is by leasing online markets mining power. 6 Ticking countdown confirmations Nuzzi conjectured that a hacked exchange could rent enough hashpower through an online marketplace to oblige the network to reorganize favorably: “So it […]

Galaxy Digital Has Been Accepted to the Toronto Stock Exchange via the Sandbox

Galaxy Digital Has Been Accepted to the Toronto Stock Exchange via the Sandbox

Galaxy Digital Holdings, Crypto Venture Capital and Trading Desk, has been granted conditional approval. To participate in the TSX Sandbox of the Toronto Stock Exchange. TSX’s sandbox, revealed during April of last year, provides a testing ground for new policy growth. And an effort to promote support for listing applications “that may not generally satisfy […]

Crypto Mining Giant Bitmain Confirms Problems with S17 Antminer Units

Crypto Mining Giant Bitmain Confirms Problems with S17 Antminer Units

Bitmain, a Chinese mining hardware company, has admitted having issues with some of the Antminer S17 units. A Bitmain spokesperson told on May 6: “Antminer is paying close attention to the issues of some products from the 17 series, which has recently been mentioned by the media,” Also added: “During this process, we have begun […]