Category: Miners
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Russians Design а ‘Beautiful’ Mining Rig
A Russian design studio has developed a “beautiful” cryptocurrency mining rig. The fashionable “Freer” is a modular, customizable home mining device. It comes in different colors, displays and sets of ports, depending on the requirements of the client. Meanwhile, members of the Russian crypto community have urged the government to classify individual miners as self-employed which…
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50 Percent Energy Rate Hike for Crypto Miners Approved in Central Washington State
The commissioners of a public utility district in central Washington State have unanimously approved a rate hike for cryptocurrency miners. The utility serves over 46,000 customers throughout the county. The cost increase starts at 15 percent beginning next year, 35 percent the following year, and 50 percent thereafter. Also read: 160 Crypto Exchanges Seek to Enter Japanese…
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Bitcoin Cash Upgrade Debate: One CPU Equals One Vote
If you are a Bitcoin Cash (BCH) proponent you’ve definitely been hearing a lot about the upcoming hard fork scheduled for November 15. Most people have been discussing the conflict between the Bitcoin ABC developers and Nchain’s recently announced Bitcoin SV project. This week Nchain’s Steve Shadders shared a post concerning the Bitcoin SV client…
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Two Norwegian Miners Scrutinized for Low Taxable Incomes
Two Norwegian cryptocurrency miners have garnered national media attention after declaring taxable incomes of less than $20,000 USD despite having admitted to owning at least 34 bitcoins during December of last year. Also Read: GPU Manufacturing Giant Nvidia Leaves Crypto Mining Reported Incomes of Two Norwegian Crypto Miners Subject of National Scrutiny Twenty-two-year-old cryptocurrency miners from…
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Bitmain Unveils New 18 Terahash Water-Cooled Bitcoin Miner
On August 23, the China-based firm Bitmain Technologies revealed the company’s latest mining device, the Antminer S9 Hydro. The newly manufactured rig is a water-cooled SHA256 miner that commands a hashrate of around 18 trillion hashes per second (TH/s). Also read: Innosilicon’s T2-Turbo Bitcoin Miner is Powerful, But GMO’s B3 is Still the Champ The Antminer…
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BCH Upgrade Debate Continues — Bitcoin Unlimited Reveals Fork Strategy
On August 21 Bitcoin Unlimited’s lead developer Andrew Stone wrote a proposal which outlined a strategy for the upcoming November hard fork. Stone explains that there are two changesets proposed by two different full node clients and Bitcoin Unlimited (BU) plans to implement consensus changes from both organizations, allowing participants the ability to vote for…
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Network Incompatibility Discussed After Bitcoin ABC Launches Latest Version
On August 20, 2018, maintainers of the most used full node BCH client have announced the release of Bitcoin ABC version 0.18.0. The version release follows the recent announcement from the firm Nchain, who recently revealed they were launching a client called Bitcoin SV, but with completely different upgrade features. Also read: Fivebucks.com: Meet the Freelancer’s…
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SHA-256 Mining Hashrate Climbs Significantly in One Year
Over the last year, SHA-256 mining, the process that’s used to find blocks on both the Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks, alongside a slew of other cryptocurrencies, has grown exponentially. Digital asset trading markets have been in a slump over the last eight months of 2018, but the bearish sentiment has not…
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November BCH Upgrade Discussion Heats Up After Bitcoin SV Full Node Announcement
Blockchain development firm Nchain has announced the company’s plans to launch a new Bitcoin Cash full node client called ‘Bitcoin SV.’ Lead developer Daniel Connolly has published the specifications for re-enabling old opcodes for the November 2018 BCH upgrade. So far the unpublished codebase has seen vocal support from the mining pool Coingeek, but right…
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Japan’s Internet Giant GMO Unveils New Crypto Priorities, Exchange Profits Up 7-Fold
Japan’s GMO Internet has unveiled new priorities for its cryptocurrency business along with the performances of its crypto exchange and mining operations. The changes going forward result from the bear market and increased total hash rate. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space GMO Coin Profits Up 7.3-Fold Japanese internet giant GMO published…