Tag: Mining

A New Bitcoin World

Bitcoin Cash Miners Break Records Processing Multiple 32 MB Blocks

Bitcoin Cash Miners Break Records Processing Multiple 32 MB BlocksOn Saturday, Nov. 10, the operation BMG mining pool mined multiple 32 MB blocks on the Bitcoin Cash (BCH) network. The first block at height 556034 was the biggest block ever mined on the BCH chain and the process confirmed over 166,000 transactions. A couple of hours later, BMG pool mined 4 more 32 MB […]

The post Bitcoin Cash Miners Break Records Processing Multiple 32 MB Blocks appeared first on Bitcoin News.


November 10, 2018 0

Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development Options

Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development OptionsParaguay’s Itaipú Dam, one of the largest hydroelectric facilities in the world, is supporting bitcoin and ethereum mining in a city on the country’s border with Brazil and Argentina. These efforts have already spawned a number of new cryptocurrency businesses, creating multiple millionaires, but an ongoing reassessment of the dam’s developmental potential could spell boom or bye […]

The post Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development Options appeared first on Bitcoin News.


November 6, 2018 0

Miners Have Begun Using Asicboost on the Bitcoin Cash Network

On Oct. 22, Bitmain released new firmware for the company’s Antminer mining rigs that enables the use of an optimization known as (overt) version-rolling Asicboost. Since then, Bitcoin Cash mining pools have been using the protocol and 63 Asicboost blocks were mined last week on the network. Also read: Developers Launch BDIP: A Bitcoin Cash Proposal […]

The post Miners Have Begun Using Asicboost on the Bitcoin Cash Network appeared first on Bitcoin News.


November 5, 2018 0

Kenya’s Bithub Africa Mines Bitcoin Using Solar Power

Kenya's Bithub Africa Mines Bitcoin Using Solar PowerBithub Africa has started using off-grid solar power to mine bitcoin and ethereum. John Karanja, the founder and chief executive officer of the small Kenyan mining operation, hopes to spread the technology to the rest of the continent while exposing the lie that cryptocurrency mining poses a danger to the environment. Also Read: U.K Government Moots […]

The post Kenya’s Bithub Africa Mines Bitcoin Using Solar Power appeared first on Bitcoin News.


October 31, 2018 0

$50 Million Bitcoin Mining Farm Opens in Armenia

$50 Million Bitcoin Mining Farm Opened in ArmeniaA new cryptocurrency mining facility opened in Armenia on Oct. 18. The $50 million farm will extract bitcoin and ethereum using 3,000 machines, according to local media reports. Around 120,000 more miners are to be added in the months to come. Also read: Marks Jewelers Now Accepts Bitcoin Cash For Payments Multi Group and Omnia Establish […]

The post $50 Million Bitcoin Mining Farm Opens in Armenia appeared first on Bitcoin News.


October 20, 2018 0

Trump Tariffs to Impact Chinese Mining Hardware Manufacturers

Trump Tariffs to Impact Chinese Mining Hardware ManufacturersThe escalating U.S. – China trade war threatens to have an adverse impact on the operations of Chinese mining equipment manufacturers, with imports of mining hardware now facing stateside tariffs of more than 25 percent. Also Read: Former CFTC Chair Advocates ‘Tech Neutral’ Cryptocurrency Regulations  Harsh Hardware Duties In June, the Office of the United […]

The post Trump Tariffs to Impact Chinese Mining Hardware Manufacturers appeared first on Bitcoin News.


October 19, 2018 0

How Bitcoin Mining Can Help Nuclear Reactors

How Bitcoin Mining Can Help Nuclear ReactorsThe most economical, technically simple and safe way to operate nuclear power plants is to generate electricity at a constant rate and as close to full capacity as possible, according to the Nuclear Energy Agency. Bitcoin mining can help by utilizing the excess energy that reactors typically generate outside peak periods of consumption, reducing the […]

The post How Bitcoin Mining Can Help Nuclear Reactors appeared first on Bitcoin News.


October 17, 2018 0

Study Argues Chinese Mining Centralization Poses Threat to Bitcoin Network

Study Argues Chinese Mining Centralization Poses Threat to Bitcoin NetworkA joint study conducted by Princeton University and Florida International University has found three-quarters of Bitcoin mining is based in China and warned of the potential risks that could result from the significant geographical centralization of the mining network. Also Read: Worst Cryptocurrencies of 2018 Have Left Some Heavy Bagholders  Researchers Argue China is the “Most […]

The post Study Argues Chinese Mining Centralization Poses Threat to Bitcoin Network appeared first on Bitcoin News.


October 14, 2018 0

A Guide to Building Your Own Crypto Mining Rig

A Guide to Building Your Own Mining RigCryptocurrency mining has in many respects become an industrialized business. But despite the concentration of hashing power, the increasing difficulty and diminishing returns, in some cases it can still be profitable to mint coins as an amateur miner, probably the most honest way to earn some digital cash. Here’s a guide on how to build […]

The post A Guide to Building Your Own Crypto Mining Rig appeared first on Bitcoin News.


October 1, 2018 0

Braiins OS Publishes Open Source Firmware for Mining Rigs

Braiins OS Publishes Open Source Firmware for Mining RigsThis week the software developers behind the mining operation Slush Pool have announced a new organization alongside releasing an open source operating system (OS) for cryptocurrency devices. The new offshoot company called Braiins has produced a Linux based system for bitcoin mining rigs and they plan to extend the OS to other digital currency software […]

The post Braiins OS Publishes Open Source Firmware for Mining Rigs appeared first on Bitcoin News.


September 29, 2018 0