Mining Blog & Mining News

Mining Blog & Mining News

China's Dominance in Bitcoin Mining Dropped Amid Growing Competition

Chinese Bitcoin (BTC) miners' share in Bitcoin's hashrate, or the computational power of the network, shrunk this year when hashrate jumped by 25%, while the US returned to second place, according to the Bitcoin Mining Map created by the Cambridge Centre for Alternative Finance (CCFAF). The map shows the approximate geographic distribution of global Bitcoin hashrate, explain the authors, with the average hashrate share by country displayed in monthly intervals starting from September 201...
China's Dominance in Bitcoin Mining Dropped Amid Growing Competition

Bitcoin Continues Grinding Higher as Stocks, Gold Levels Off

With the halving now several days away, bitcoin (BTC) has continued to grind higher in the market in recent days, despite a weaker overall crypto market and a levelling off in the price of both gold and US stocks. The outperformance of the number one digital asset has been particularly strong after the COVID-19 panic hit the financial markets with full force in March, sending nearly all assets – including bitcoin and gold – sharply lower. Following the crash, however, bitcoin has seen a strong r...
Bitcoin Continues Grinding Higher as Stocks, Gold Levels Off

Crypto-powered Plastic Surgery, Blockchain Industrial Parks + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news A South Korean company wants to offer crypto and blockchain-powered plastic surgery, and is targeting so-called “medical tourists” – overseas travelers to South Korea who visit in order to undergo cosmetic surgery. Per Asia Kyungjae, the firm – MediBeu – says that its token has been listed on South Korea’s Namebit ex...
Crypto-powered Plastic Surgery, Blockchain Industrial Parks + More News

Six Bitcoin Halving Scenarios and Likelihood of Each

As Bitcoin (BTC) halving approaches, there's been a great debate over the results of the past two halvings compared to this third. Digital asset management firm CoinShares looked into the most popular BTC halving hypotheses to see how likely are they to occur in their opinion, and what their impact on the price of BTC would be. 1. The halving will result in positive supply-side impact over the mid- to longer-term Likelihood: Highly likely Impact: Positive This is the CoinShares research team...
Six Bitcoin Halving Scenarios and Likelihood of Each

Europe’s Biggest Nuclear Station Might Give Electricity to Bitcoin Miners

Ukraine’s plan to offset the financial chaos of the coronavirus pandemic might involve nuclear-powered cryptocurrency mining, says its energy ministry. Yesterday, the country’s Ministry of Energy and Environmental Protection announced that it wanted the country’s four nuclear power plants to look into ways to “integrate crypto mining initiatives.” The ministry said it was working on the initiative with Energoatom, the state agency that manages the nation’s four nuclear power plants. The nuclear ...
Europe’s Biggest Nuclear Station Might Give Electricity to Bitcoin Miners

Powerfull Miners Just Increased Pressure on Smaller Players Ahead of Bitcoin Halving

Less than a week before the third Bitcoin (BTC) mining reward halving, mining just became more difficult as more miners turned their machines on in the end of April. On Tuesday, BTC mining difficulty, a measure showing how hard it is to compete for mining rewards, increased by 0.9%, to 16.1 T, moving closer to all-time high of 16.55 T, seen in March. This difficulty will adjust only in about two weeks, meaning that in the first week after the halving miners will need to deal with the current com...
Powerfull Miners Just Increased Pressure on Smaller Players Ahead of Bitcoin Halving

This Polish Crypto Miner Grows During Lockdown, Looks To Raise USD 3M

A Polish blockchain company says that its user numbers are up despite the pressures of the coronavirus pandemic, and says that investors are flocking to a gaming sector that is booming – in spite of the health crisis pandemic. GamerHash says that building on improved results it is now eying expansion to Asia, and also wants to launch its own token. Owned by the Poznań-based company CoinAxe, GamerHash purports to allow users to share excess computer power when PC users watch movies, play games in...
This Polish Crypto Miner Grows During Lockdown, Looks To Raise USD 3M

These Miners Might Suffer The Most After Bitcoin Halving

Bitcoin (BTC) miners responsible for up to 30% of the network's hashrate, or the computational power, are the most vulnerable and might be forced to turn the majority of their machines off after Bitcoin mining reward halving next week, according to Alejandro De La Torre, Vice President at major crypto mining pool Poolin. Poolin looked into the hashrate distribution in order to see which of its miners are at the highest risk of shutting down - and it's those that represent the lower quar...
These Miners Might Suffer The Most After Bitcoin Halving

Bitcoin Goes Mainstream (Again) in Billions Season 5 Premiere

This weekend’s big TV show event had a bitcoin (BTC) bent – with series five of Showtime’s Billions drama series focusing largely on the world’s most popular cryptocurency. The first episode of the series aired over the weekend in the United States. Billions began airing on Showtime in 2016, and is partially based on the life of Preet Bharara, a former New York District Attorney. But while previous seasons have focused on legal disputes with hedge fund managers and the manipulation of convention...
Bitcoin Goes Mainstream (Again) in Billions Season 5 Premiere

Bitcoin’s Halving: Stars are Aligning for Next Big Bull-Run

George McDonaugh is the CEO and Co-Founder of KR1 plc, the London listed cryptocurrency and blockchain investment company. Could it ever be a good thing to have your salary cut in half? Ask a Bitcoin (BTC) miner and your answer might well be a resounding ‘yes’. The spotlight is on Bitcoin once again as people, traders and investors look to see how the asset will be perceived and move in the coming months during this global health crisis. Every four years the amount of BTC that’s rewarded to mi...
Bitcoin’s Halving: Stars are Aligning for Next Big Bull-Run

COVID-19 Crisis Weighs On Crypto M&A, Startups To Sweat Harder

Several crypto M&A deals have been delayed due to the COVID-19 pandemic and the general economic uncertainty, Torbjørn Bull Jenssen, the CEO of Arcane Research, told Cryptonews.com. Also, crypto startups will need to put more effort in order to secure fresh capital, he added. The CEO of the crypto research firm is unable to name parties involved in delayed deals due to confidentiality. However, he also stressed “that there are deals going through, so the picture is not all negative.” Also, afte...
COVID-19 Crisis Weighs On Crypto M&A, Startups To Sweat Harder

New Mining Difficulty Record Cancelled Right Before Bitcoin Halving

Four days before the next Bitcoin (BTC) mining difficulty adjustment, the previously estimated all-time high is nowhere in sight. Not only will there not be a new record, but along with the falling hashrate, the difficulty is now expected to drop. Major Bitcoin mining pool BTC.com's latest estimation is that after two consecutive increases the difficulty will correct lower by 0.64% on May 5 to 15.86 T (11:52 UTC). Ten days ago, it was estimated that Bitcoin difficulty adjustment, which is ...
New Mining Difficulty Record Cancelled Right Before Bitcoin Halving

Nuclear Power and Blockchain, Crypto Exchanges Boost Hiring + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain news The Chinese nuclear industry is tentatively looking at blockchain technology adoption proposals, reports media outlet The Paper. In the report, nuclear energy officials point to the fact that domestic energy companies, electric vehicles and liquefied natural gas (LNG) providers have all variously implemented blockc...
Nuclear Power and Blockchain, Crypto Exchanges Boost Hiring + More News

This Miner Buys 1,000 New Antminers as Bitcoin Halving Looms

Publicly traded crypto mining company Riot Blockchain, Inc. says it has purchased 1,000 next generation mining machines, as the Bitcoin (BTC) miners brace for the upcoming halving in mining rewards, expected to occur on May 12. The company said it has recently completed a purchase of 1,000 units of the next generation Bitmain's S19 (110 TH) Pro Antminer machine, worth an estimated USD 2.4 million. Riot Blockchain, which exclusively mines BTC, bitcoin cash (BCH), and litecoin (LTC), further s...
This Miner Buys 1,000 New Antminers as Bitcoin Halving Looms

These New Crypto Regulations Come into Force in Japan Today

It is the start of a new month all over the world, but in Japan, it may the start of a new era for the crypto industry, as a set of new legal amendments comes into force, changing the way that businesses dealing with cryptoassets need to operate in the country. As of May 1, a series of amendments to the existing Payment Services and the Financial Instruments and Exchange acts come into force, following on from requests from the regulatory body charged with policing the nation’s crypto industries...
These New Crypto Regulations Come into Force in Japan Today

USD 515M Crypto Fund, Blockchain-Powered Remittance Pilot + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investment news a16z crypto, the crypto arm of venture capital giant Andreesen Horowitz, has raised USD 515 million for its second fund dedicated to cryptoasset and blockchain technologies, thus surpassing its initial goal of USD 450 million. Per Axios, the fund will primarily back crypto-related startups, and it will also buy and...
USD 515M Crypto Fund, Blockchain-Powered Remittance Pilot + More News

Four Reasons Why Bitcoin Might Not Rally Right After The Halving

Compared to the previous two Bitcoin (BTC) halvings that were marked by major jumps in the coin's price around the time of the event, this halving may be different and BTC may not see a bull in the months following the event, according to CryptoCompare, a provider of the crypto market data. The third Bitcoin mining reward halving is estimated to happen on May 12. Even the Google searches for 'Bitcoin halving' are skyrocketing, with recent searches "substantially eclips[ing] the sear...
Four Reasons Why Bitcoin Might Not Rally Right After The Halving

How Healthy Will the Bitcoin Network Be Post-halving?

Johnson Xu is the Chief Analyst at TokenInsight, a token data and rating agency. __ Bitcoin (BTC)’s third halving is now less than two weeks away, per most estimates. As such, the industry is curious to discover what will happen to the Bitcoin network in the wake of this long-awaited event. Breaking down the data around hashrate, miner revenue, block interval and BTC marginal cost of creation can help anyone hoping to take a sneak-peek into the future of the network’s health. We have made the fo...
How Healthy Will the Bitcoin Network Be Post-halving?

Ethereum Has More Whales and Some Of Them Manipulate - Research

There's an influx of new ethereum (ETH) whales, while some of the ETH whales manipulate the market, according to Adam Cochran, Partner at decentralized autonomous organization Metacartel Ventures. Cochran explains in his first of several announced reports (also 'translated' into a Twitter thread) that he manually audited the top 10,000 Ethereum addresses in order to learn about liquidity, profitability, and market manipulation. Here are some of his findings. 1. There are more new wha...
Ethereum Has More Whales and Some Of Them Manipulate - Research

Libra and Ripple Find New Friends, Dash Fights In Japan + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Libra news Checkout.com, a global payment services provider, said it joined the Libra Association. "The Libra project holds the promise of increasing financial inclusion for billions of unbanked people, empowering them to participate in the digital economy and reducing disparities," the company said.American economist and a former...
Libra and Ripple Find New Friends, Dash Fights In Japan + More News

This Chinese Move Could Help Local Miners After Bitcoin Halving

A Chinese municipality has formally requested Beijing’s permission to allow it to offer surplus electricity to the region’s “blockchain industry” – believed to be code for bitcoin (BTC) miners. The move could have potential knock-on effects for the wider crypto community, and could see potentially reduce BTC mining costs in the lead-up to the next bitcoin halving event. In an official release from the local government of Ya’an, a prefecture-level city in the western part of China’s Sichuan provi...
This Chinese Move Could Help Local Miners After Bitcoin Halving

Crypto Derivatives Skyrocket, Mining Pool Industry Heats Up + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news TokenInsight, a token data and rating agency, reports that the total crypto derivatives trading volume in the first quarter of 2020 reached USD 2.1 trillion, which is an increase of 314% from 2019 four quarters' average. The report states that this data shows that futures market participants may have been relati...
Crypto Derivatives Skyrocket, Mining Pool Industry Heats Up + More News

Digi-Yuan Confirmations, Royal Screw-Ups and 20 Crypto Jokes

Another eventful crypto week. Let's take a look at what happened. So, China's central bank officially confirmed that digital yuan testing is coming soon, and there are reports that McDonald’s, Starbucks, and Subway may take part in its testing. Uniswap and Lendf.Me were attacked using a known vulnerability, with the latter losing over USD 25M. But a day later, the attacker returned all the stolen money as they screwed up royally. BTC mining difficulty went up again and may even reach a n...
Digi-Yuan Confirmations, Royal Screw-Ups and 20 Crypto Jokes

AI Says Only Bitcoin, Ethereum, And Tezos To Rise Next Week

While bitcoin (BTC), ethereum (ETH), and tezos (XTZ) could go up in the next week, an artificial intelligence (AI) system predicts that the same fortune doesn't await the rest of the top 10 coins. Crypto data firm Nomics has announced on Wednesday the beta release of 7-day cryptoasset price predictions, utilizing a machine learning model known as long short-term memory (LSTM). This means that it examines huge quantities of data upon which it learns to predict a price. After acknowledging tha...
AI Says Only Bitcoin, Ethereum, And Tezos To Rise Next Week

Bitcoin Rallies, Almost Hits Pre-Crash Level, Ethereum & Co Jump Too

The most popular cryptocurrency, bitcoin (BTC) rallied on Thursday sharply, almost recovering all losses suffered on Black Thursday in March. At pixel time (14:55 UTC), BTC trades at c. USD 7,573 and is up 5% in an hour and 6% in a day. The price increased 8% in a week and 12% in a month. BTC price chart: Other major coins are also up around 3%-4%, except tezos (XTZ), which rallied 9% in a day and 25% in a week. Also, XTZ is the only top 10 coin that is in green against BTC today. Meanwhile, US...
Bitcoin Rallies, Almost Hits Pre-Crash Level, Ethereum & Co Jump Too

Central Bank of Argentina Tests Blockchain-powered System + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news The Central Bank of Argentina has started promoting a proof of concept based on blockchain. According to the emailed press release, this is a decentralized system solution powered by RSK smart contract technology that would allow for end-to-end traceability of account debit claims. This system, launched within the fr...
Central Bank of Argentina Tests Blockchain-powered System + More News

Mining Difficulty Might Reach All-Time High Before Bitcoin Halving

Bitcoin (BTC) mining difficulty just saw its biggest rise in six months and it's estimated it'll reach an all-time high in two weeks. Bitcoin mining difficulty, a measure showing how hard it is to compete for mining rewards, just went through another adjustment, and the numbers were close to what was estimated yesterday, but still haven't reached that far. It went up 8.45%, thus reaching 15.96 T, short of 16.55 T discussed a day ago, but more than was estimated two weeks ago (5.65%)....
Mining Difficulty Might Reach All-Time High Before Bitcoin Halving

Bitcoin Mining Difficulty Set For Biggest Jump Since Mid-September

After a historic crash in March and partial recovery, Bitcoin (BTC) mining difficulty is set to see its biggest jump since mid-September last year, threatening to push more miners out of the market less than three weeks before the BTC mining reward halving. Another mining difficulty adjustment is expected to happen tomorrow, April 21. As it stands now, major Bitcoin mining pool BTC.com estimates that it will rise 8.56%, thus reaching 15.98 T, compared with 16.55 T it was before the crash. Two w...
Bitcoin Mining Difficulty Set For Biggest Jump Since Mid-September

Why BCH and BSV Halving Data Is a Poor Indicator for Bitcoin Forecasts

Johnson Xu is the Chief Analyst at TokenInsight, a token data and rating agency. __ We are moving ever closer to Bitcoin (BTC)’s third halving, while the coronavirus pandemic continues to disrupt the global economy, creating a ripple effect across the global financial market. The forthcoming halving, coupled with weak bitcoin prices, is forcing the network to undergo an unprecedented cleanse to rebalance – and become a more efficient and healthy network. Network hash rate reduction has tradition...
Why BCH and BSV Halving Data Is a Poor Indicator for Bitcoin Forecasts

Hopes and Strategies In Play As Miners Prepare For Bitcoin Halving

The Bitcoin (BTC) halving is fast approaching, and already miners are swooping into action. Some are phasing out older mining hardware, while others are preparing to take equipment offline if the bitcoin price falls below certain thresholds after the halving. But while the halving will obviously reduce mining rewards by 50% and a chunk of mining rigs will be turned off, miners hope to regain equilibrium in the event of any short-term volatility and bet on rising bitcoin prices. Slower blocks and...
Hopes and Strategies In Play As Miners Prepare For Bitcoin Halving
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