Although criticized for its carbon footprint, crypto mining, and bitcoin mining in particular, is a profitable business. It is dominated by large, financially powerful companies. But the operation remains accessible to a handful of independents, some of whom are renowned for their efficiency.
In a recent report, the UN looks at the energy consumption of Bitcoin, highlighting a close link between the price of BTC and its energy consumption. But what is the reality?
About 6 months from now, the Bitcoin halving, which is the 'halving' of rewards given to miners working with the Bitcoin protocol, is set to take place. The Bitcoin halving has been the subject of various speculations and analyses, with discussions ranging from the potential price increase of BTC to the challenges miners might face, as well as systemic effects. JP Morgan predicts that this event will have a negative impact on the profitability of mining operations.
Between China and the United States, the hatchet has never been buried. The trade war initiated by the two superpowers in 2018 took on a different form a year later. Since 2019, analysts have renamed this Sino-American antagonism the 'technology war.' It began with a decree banning Chinese technologies meant for equipping American 5G companies. Packs of sanctions followed this restriction, unfortunately creating a boomerang effect. Electronic giants specializing in bitcoin mining chips like Intel and Nvidia are suffering.
The European Union is to fork out nearly €1 million (in fiat or crypto?) to assess the environmental impacts of cryptocurrencies and bitcoin mining activities. Does this mean that Brussels prefers strict regulation of these activities to the ban? In any case, crypto-enthusiasts will be sure to follow the progress of this study, especially the publication of the first reports. The fate of bitcoin mining and crypto activities in Europe will in fact depend on it.
An unexpected event has shaken the very foundations of Bitcoin, the most famous and valuable digital currency. Marathon Digital, one of the most technologically advanced mining companies, recently mined an invalid block. But what does this mean for the network and all of us?
The Terra storm heavily impacted the Bitcoin price and several crypto projects, including Celsius Network. In July 2022, the crypto lender formerly led by Alex Mashinsky declared bankruptcy, with a balance sheet burdened by over $4.7 billion in debt to its users. However, the Celsius team remained resilient during these challenging times. Recently, the bankruptcy court gave the green light for the execution of the financial restructuring plan for this crypto company. To top it off, Celsius acquired a Bitcoin mining site in Texas.
Is the decentralization of the Bitcoin network about to improve thanks to minimalist miners such as Nerdminer and Bitaxe?
MIAMI (BUSINESS WIRE) - U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC” or “the Company”), a leading operator of large-scale data centers for new-age workloads such as digital asset mining, is thrilled to announce that it has secured a deal with Celsius Network LLC (“Celsius”) to host an initial 8,500 miners with an estimated sticker hashrate of 820 petahash (PH) at the USBTC Alpha Site. This significant agreement represents a robust advancement in the Bitcoin mining industry and continues the strong collaboration between USBTC, and Celsius, with support from the Fahrenheit, LLC coalition (“Fahrenheit”) which includes USBTC, Arrington Capital, Proof Group Capital Management, Steven Kokinos, and Ravi Kaza.
After El Salvador, Bhutan and Russia, the Sultanate of Oman is now rolling out the red carpet for bitcoin miners.
The crypto world, vast and complex as it may be, remains a place where innovation continually finds its place. In this frantic race for modernization, Tether introduces a major breakthrough: Moria.
After a 10-year hiatus, the team led by Matt Groening, father of The Simpsons, is back in action. Two weeks ago, the American platform Hulu marked the return of the cult series with the broadcast of “The Impossible Stream”. This was followed by “Children of a Lesser Bog” and “How the West Was 101001”, all about bitcoin, cryptos and NFT.
The Bitcoin halving is a major event in the cryptosphere. Good news for some, it could unfortunately have devastating consequences for miners.
What is the probability of winning 6.25 bitcoins by mining alone, i.e. without using a pool?
A solo miner defies the odds and hits the jackpot! With a one in 5,500 chance, this independent miner struck gold by solving a Bitcoin block worth 6 BTC, approximately $160,000. What makes this remarkable feat even more impressive is that it was achieved using mining hardware that is six years old.
Every four years, the Bitcoin protocol experiences an event known as the Halving. It is undoubtedly one of the most significant events in the network. This highly anticipated event involves a change in the protocol's monetary policy by halving block rewards. In April 2024, the block reward will drop to 3.125 BTC. With this crucial deadline approaching, how can you best prepare?
The hashrate of Bitcoin broke its record on Tuesday, May 2. How can we explain such a sudden increase?
It's time for Deskoin to get a makeover. After several weeks of hard work, its developers (finally!) present a new version of the platform. Several features are now available to users. You will find all the details in this article.
In less than a year, the next Bitcoin Halving will take place. If history repeats itself, we may be on the verge of a new all-time high (ATH).
The Russian mining industry is experiencing strong growth, with BitRiver leading the way, propelling Russia into the top 3 globally.
Currently, the price of Bitcoin (BTC) is on an upward trajectory, which is excellent news for investors. After all, this bullish trend represents a significant opportunity for them to make substantial gains. However, Justin Bons, founder of Cyber Capital, believes that the flagship crypto could become a victim of its success. Here's why.
In cryptocurrencies, a block reward is the reward given to miners who have added a block to the blockchain. Depending on the digital asset in question, the attribution of these rewards may vary. However, in most cases, people who insert a block into the blockchain receive some of the coins…
As Citibank rightly recalled this week, “Bitcoin’s electricity consumption is a feature, not a bug.” It is necessary to guarantee its decentralisation and cannot be obtained with the wave of a magic wand. This paper explains how Bitcoin’s decentralisation works, and why other cryptocurrencies can’t reach the mark. The legend…
In this current climate of FUD news, sometimes it is nice to have some light-hearted news. So, please put your hands together to the West Midlands for bringing us this welcome break! British police searching for the green gold, ended up finding the digital gold, Bitcoin (BTC), last week.
So you’ve got the crypto basics down and then you start to learn about Ripple… wait, what, it cannot be mined? Well, not directly at least. Ripple was designed to be used as currency through a centralised payment system. While this is its advantage, it is also the main…
Profitably mining Bitcoin as an individual is now a distant memory. As such, Litecoin, one of its closest cousins, sometimes referred to as the ‘digital silver’ (Bitcoin being the digital gold), should catch your attention. Before you start mining Litecoin, however, it is important to look at the reasons for…
Ethereum is the name of a network but more precisely of a blockchain. Each person who makes their own computing power available to the Ethereum blockchain receives ether (ETH), the currency of the network, in return. Therefore, when you mine Ethereum it means you earn ETH in return for an…
Mining is one of the ways to obtain bitcoins without having to buy or trade them with other cryptocurrencies. Mining BTC means you are at the start of the Bitcoin process, from the very beginning of when this virtual currency is created. So, how is it mined? What computer equipment…
Bitcoin mining is attacked as a particularly controversial activity in mainstream media for its supposed monstrous carbon footprint. However, this sector fascinates people around the world, including those within the crypto community, in part due to a certain opacity that shrouds it in mystery. Who are these miners and is…
Many people dream of being able to earn ether without investing a penny in it. But is that really possible? If so, can you become rich doing it? And more importantly, how? In today’s article, we’ll see the different options available to you to try to get ETH without having…