Category: Miners
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Transnistria Welcomes Crypto Miners, Plans to Expand the Industry
The government of Transnistria has recognized the importance of cryptocurrency mining for the territory’s economy and budget. The unrecognized republic in Eastern Moldova now plans to expand the industry by attracting more miners with a crypto-friendly business climate and favorable regulations. Also read: CEO of Romanian Exchange Coinflux Arrested on US Warrant Tiraspol Plans…
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Chatter Report: Voorhees Questions ‘Smart Money’, Sechet Explains ‘Miners Don’t Vote’ Declaration
In today’s Chatter Report, Erik Voorhees criticizes cryptocurrency-focused venture capital firms for reneging on their signed term sheet deals. Also, Steve Patterson calls out Amaury Sechet over Chris Pacia’s comment that miners don’t vote. Lastly, imaginary_username contemplates on the different roles of miners and users in Bitcoin. Also read: BCH Devs Discuss Securing Instant Transactions…
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French Lawmakers Propose Lower Electricity Rates for Cryptocurrency Miners
Two French legislators have made a number of proposals aimed at turning France into a leading force in the development of the industry built around cryptocurrencies. One of the ideas is to allow crypto mining companies to take advantage of preferential electricity prices. Also read: Ukrainian Village Distributes Dividends From Crypto Investment ‘France Must Have…
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BCH Devs Discuss Securing Instant Transactions With the Avalanche Protocol
Over the last couple of weeks, the Bitcoin Cash (BCH) community has been talking fervently about zero-confirmation transactions and a new pre-consensus mechanism called Avalanche. On Monday, Openbazaar developer Chris Pacia published a comprehensive description of the pre-consensus protocol that could theoretically bolster secure zero-confirmation BCH transactions. Also read: Onegold Customers Can Now Purchase Digital Bullion…
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Chinese Miners Short BTC Markets to Hedge Against Falling Prices
The price of bitcoin core (BTC) has dropped considerably over the past few months, significantly affecting individuals and organizations that mine the cryptocurrency. According to recent reports, many miners in China are now short selling bitcoins to hedge against falling digital asset prices. Also Read: Markets Update: Cryptocurrencies Are Still Blood Red Some Chinese Miners Are…
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Chatter Report: Pompliano Praises Bitcoin Performance, Antonopoulos Says Death Spiral ‘Unlikely’
In today’s Chatter Report, we explore the different ways crypto influencers have been responding to the low prices of 2018. Some are unfazed like Anthony Pompliano, who still believes that bitcoin is the best performing asset. Others are reassuring like Andreas Antonopoulos, who has been busy addressing concerns about bitcoin being in a death spiral. The rest…
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Chatter Report: Buy Walls, Miner Anonymity and Bitcoin vs. the State
In today’s edition of Chatter Report, crypto influencers debate the importance of buy walls to support crypto prices, reason for and against miner anonymity and ponder the outcome of governments attacking bitcoin. Also read: Markets Update: Bull Trap or Reversal? Traders Question the Recent Crypto Spike Hodlers of Last Resort and Buy Walls Early bitcoin…
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Russian Miners Sell Their Equipment Amid Market Plunge
A growing number of Russian miners are looking to sell their hardware. The recent market correction has decreased the profitability of minting digital coins, especially for enthusiasts who are mining in their homes, basements and garages. Also read: Bitcoininfo.ru Wins Court Case Against Ban Russian Miners Selling Used Hardware Amateur mining used to be very…
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Norway Revokes Mining Subsidies, Bitmain Opens Washington Facility
In mining news, Norway will revoke electricity subsidies currently available to cryptocurrency miners at the start of next year. Also, Bitmain has opened a 12 megawatt data center in East Wenatchee, Washington, and Bitfury has announced new additions to its advisory board and board of directors. Also Read: Markets Update: Dump Drives Record BTC Volume on…
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Hash Wars: BCH Community Evaluates Six Days of Battle
The Bitcoin Cash (BCH) blockchain split on Nov. 15 and the community are still discussing the subject at great length. Since the chain splintered into two separate networks, additional trading platforms like Coinbase and Bitstamp have re-established BCH markets by choosing to list the ABC chain with the exchange ticker “BCH.” Also Read: Indian Government Expects…