Tag: mining
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Pow.re, a bitcoin miner, starts building a mining facility in Paraguay and buys 3,600 Microbt ASICs
Pow.re Holdings Limited, a crypto mining company, claims that the company announced it had started building two new mining facilities in Asunción, Paraguay. The new data centers will control 12 MW of hydroelectric power, and the company has also purchased 3,600 Microbt Whatsminer mining rigs, which generate about 396 PH/s of hashrate each second. Pow.re…
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Block Times Indicate That Progress Toward Bitcoin’s Halving Is 60% Complete, and That a Halving Could Take Place Next Year
Progress toward the subsequent halving of the Bitcoin block reward has surpassed 60%, according to countdown statistics based on the typical block generation time of about ten minutes. Although the majority of halving countdown clocks use the ten-minute average, the countdown using the most recent block intervals, which are around 7:65 minutes, indicates that the…
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Iran modifies rules to make it easier for cryptocurrency miners to access renewable energy
In order to facilitate the crypto mining industry’s access to green power, Iranian authorities have revised a few regulations. Licensed miners will now have access to discounted electricity produced nationwide from renewable sources. The Iranian Ministry of Energy has altered some crypto mining rules to make it easier for organizations licensed to print digital currency…
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Bank of Russia is prepared to legalize cryptocurrency mining if miners export coin production
The legalization of cryptocurrency mining would be supported by the Central Bank of Russia, provided that the earnings from the activity are converted to fiat currency outside of Russia. The regulator’s most recent stance on the subject follows a softening of its position on the potential use of cryptocurrencies for payments, even if only globally.…
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Like It or Not: Public Companies Are Feeling the Crypto Mining Boom
While cryptocurrencies may be back in the headlines, most public companies are today keeping any interest in the technology on the periphery of their business. For tech giants Nvidia and Advanced Micro Devices (AMD), however, that is no longer an option. So far in 2017, cryptocurrency miners have taken over the market for consumer graphics…
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Bitmain Debuts High-Speed Ethereum GPU Miners After Dash Rollout
Mining hardware manufacturer Bitmain has today released two ASIC-style products specifically for mining Ethereum and its forks. Currently visible only on the Chinese version of its site, the G1 and G2 provide Ethereum GPU mining at up to 220Mh/s. The release comes just a week after the company debuted its Antminer D3, which focused on privacy-centric altcoin Dash. In…
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Russian Government Plans to Subsidize Bitcoin Mining Electrical Cost
Russian newspaper Izvestiya has reported that the Russian government intends to subsidize the cost of electricity for cryptocurrency miners. The report indicates that the Russian government, through the Institute for Internet Development (IRI) and the Russian Association of Blockchain and Cryptocurrency (RABIK), have laid out plans to make electricity costs lower for Russian Bitcoin miners. While the report does…
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Monopoly-Resistant Mining? Paper Claims Bitcoin Centralization Fears Overblown
Bitcoin might be naturally resistant to mining monopolies – or so claims a new research paper authored by University of Siena professor of economics, Nicola Dimitri. At a high level, the paper contends “the intrinsic structure of the mining activity seems to prevent the formation of a monopoly,” a finding that could ease some of…
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Venezuelan Bitcoin Miners Turning to Ethereum After Government Crackdown
An increasing number of Venezuelans are shifting to mining digital currencieslike Bitcoin so that they can afford to buy their basic needs and survive due to the current hyperinflation being experienced in Venezuela as of late August 2017. Another reason for the shift is the affordability of mining due to the low cost of electricity in the country.…
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Bitcoin Cash Returns to Profitability Amid Mining Adjustments
The relationship between bitcoin and bitcoin cash continued to evolve today, with the two blockchain networks competing for miner interest and computing power. At press time, the bitcoin cash blockchain has seen five downward difficulty adjustments after struggling to produce blocks yesterday. Blocks 481,878 through 481,882 each pushed down the difficulty (the mechanism that regulates reward release) under the…