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Cryptocurrency mining is a fundamental concept that underpins the entire blockchain technology ecosystem. For beginners entering the world of digital currencies, understanding the basics of cryptocurrency mining is a crucial first step. What is Cryptocurrency Mining? At its core, cryptocurrency mining is the process of validating transactions and adding them to the public ledger or … Read more
Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy … Read more
Taproot soft fork introduces the concept of Merkelized Abstract Syntax Tree (MAST) to improve the scripting capabilities and privacy of the Bitcoin network. Go to Source Powered by WPeMatico
The 34-year old convict was reportedly not able to make use of the stolen mining equipment due to a “lack of relevant knowledge.” Go to Source Powered by WPeMatico
President Alexander Lukashenko has advised workers to stay in their home country instead of emigrating to fill low-paid farming jobs in Poland and Germany. The Belarusian leader pointed to an alternative source of income, noting there’s enough electricity in Belarus to power cryptocurrency mining. Lukashenko Calls on Belarusian Workers to Build Mining Farms, Not Work … Read more
Buying bitcoin is a bit like buying contraception: it’s a basic human right, you should be entitled to do so privately, and it’s nobody’s business what you plan to do with it. Whether you’re buying bitcoin to set aside for a rainy day or to expend immediately in a fit of passion, you shouldn’t have … Read more
Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies are working to expand the niche and U.S.-based EZ Blockchain shared … Read more
According to reports, bitcoin mining manufacturer Bitmain Technologies confidentially filed for a U.S.-based initial public offering (IPO) with the Securities and Exchange Commission. The news follows the alleged removal of cofounder and executive director Micree Zhan and the recent announcement of a facility in Texas with the capacity to house 300MW of hashpower. Also read: … Read more
In recent news pertaining to cryptocurrency mining, Nvidia has witnessed a drop in its share price after announcing an unexpectedly modest earnings outlook – partly driven by reduced demand for mining hardware. Also, the World Digital Mining Summit has been scheduled for late September in Tbilisi, Georgia, and reports continue to surface detailing opportunistic students … Read more
The city of Salamanca in the U.S. state of New York is reportedly establishing a moratorium on cryptocurrency mining operations in the city. This will stop crypto miners from “using up all the residents’ power and effectively make all of them get a price increase on their utility bills,” a member of the city’s council … Read more
