Category: Miners
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Hash Wars: Day Two and the Anticipation for BCH Trading Platforms to Reopen
It has been close to 24 hours since the Bitcoin Cash (BCH) blockchain split on Nov. 15, and the community is assessing the first day of battle. At the time of writing, both chains are still operational and the ABC chain has a 32-block lead on the SV chain. Now many BCH supporters are patiently…
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Hash Wars: The Bitcoin Cash Hard Fork Has Begun
Today Thursday, Nov. 15, a majority of the cryptocurrency community is fixated on the contentious Bitcoin Cash (BCH) hard fork and watching the spectacle with great anticipation. At approximately 1:00 p.m. EST miners backing both implementations started the fork process in order to change the Bitcoin Cash protocol ruleset. Currently, at the time of publication,…
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Japanese Internet Giant GMO Postpones Shipments of 7nm Bitcoin Mining Equipment
Japan’s GMO Internet has postponed the shipments of its two lines of 7nm bitcoin mining rigs. A representative of the company has clarified the situation to news.Bitcoin.com, noting that some refunds have already been issued. In addition, the company is planning to relocate its mining operations. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space…
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Bitmain’s New 7nm Antminer Goes on Sale on November 8
Mining rig manufacturer Bitmain Technologies has announced the company’s latest Antminers equipped with 7nm semiconductors will go on sale on Nov. 8. According to the China-based organization, Bitmain will release two new models called the Antminer S15 and the T15. Also Read: Bitcoin Cash Fork Watch: BCH Infrastructure Providers Reveal Contingency Plans Bitmain Plans to Sell…
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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…
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The Daily: September Losses for Most Traders, Crypto Debit Cards Shipped in Singapore
The majority of cryptocurrency traders recorded losses on their investments last month, according to a report we’ve covered in The Daily. In this edition, we also look at the new debit cards allowing customers in Singapore to spend cryptocurrencies anywhere Visa is accepted and the decision of a large cryptocurrency mining company to move one…
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Drivechain Project Sees an Influx of Development Since Launch
Software developer Paul Sztorc revealed on Sept. 24 the launch of his first iteration of Drivechain, a sidechain concept that enables a cross-chain consensus validation system based on the proxies of miners. Since then, developers have created a faucet, block explorer, a script install, side-shift transfers, transaction replays, and another chain that resembles the Bitcoin…
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Bitcoin Cash Organizations Start Preparing for the November Hard Fork
As the days draw closer to the scheduled Bitcoin Cash upgrade, affiliated organizations are preparing for the hard fork. Data websites like Coin Dance have added statistics for feature support, upgrade voting, and public opinion. Meanwhile, the Nchain-backed SV-Pool has officially announced that its pool is now open to public miners. Also Read: Samsung Begins 7nm…
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Russian Lawmakers Drop ‘Mining’ References in Digital Assets Bill
Russian lawmakers have dropped the term “mining” from a bill to regulate digital assets, following the earlier removal of references to “cryptocurrency.” In addition, the proposed legislation no longer covers the taxation of mining profits, as such matters will fall under the oversight of the Federal Tax Service. Also read: Despite Setbacks Crypto Wages Still…
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Church Mining Cryptocurrency Told to Pay Higher Electricity Rates
The outcome of a court case in Russia may affect the popular practice of cryptocurrency mining in basements and garages. According to a recent ruling, a church in Irkutsk must pay higher electricity rates for installing and running mining hardware on its premises. ‘Grace’, the religious organization of the local evangelical community, has been taking…