Category: Bitcoin Mining
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The rise of major Bitcoin mining institutions is inevitable
2020 marks a new era for mining institutionalization, bringing with it both benefits and challenges.
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China’s leadership in the Bitcoin mining industry will be challenged
China has a lot of advantages in the Bitcoin mining industry, though it won’t last forever, as more countries are entering the space.
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S9 Resurrection: Higher Bitcoin Prices Allow Miners to Switch Outdated Mining Rigs Back On
With bitcoin prices hovering over a certain handle, a great number of old ASIC mining rigs manufactured years ago are starting to become profitable again. Reports indicate that in China, where the average electricity cost is around $0.06 per kilowatt-hour (kWh), miners are starting to leverage old miners manufactured by Canaan, Bitmain, and others. Chinese…
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Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners
Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators. According to one report that quotes an anonymous source, the objective of this meeting is to discuss…
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World Economic Forum calls blockchain key to sustainable digital finance
A new WEF report touts blockchain technology as a cornerstone of environmental sustainability.
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Bitcoin fees plummet as mempool clears to zero
Reduced mempool activity not only results in reduced fees but gives users a chance to perform transactions that may not otherwise be practical.