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Iran Offers Bounty for Illicit Cryptocurrency Mining Operations

Iranian authorities are offering a bounty to anyone who exposes unauthorized mining operations in the country, Iranian news outlet PressTV reports on Nov. 13.A spokesman of the Energy Ministry announced the bounty program during an interview with local news outlet IRIB News, while illustrating the new electricity pricing mechanism for miners.Mostafa Rajabi, the spokesman in […]

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China Leaves Bitcoin Mining Out Of List Of Restricted Activities

China, which is among the biggest manufacturers of bitcoin mining gear, has decided against eliminating the mining of the cryptocurrency, the state planner has indicated.The National Development and Reform Commission (NDRC) in April sought public opinion on a revised list of industries it wanted to encourage, restrict or eliminate. Bitcoin mining was among the activities […]

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‘Bullish for Bitcoin’ – China Scraps Plan to Ban Cryptocurrency Mining

Bitcoin (BTC) mining will not face a state crackdown in China, authorities have confirmed in new official documents. As noted by Blockstream CSO Samson Mow and others on Nov. 6, mining no longer features on a list of industries Beijing considers undesirable. “Bullish for Bitcoin”The change came via a new edition of China’s Industrial Structure Adjustment […]

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Bitmain Launches Large Cryptocurrency Mining Farm in Texas

Leading cryptocurrency mining hardware manufacturer Bitmain has announced the launched of a 50 MW (megawatt) cryptocurrency mining farm in Rockdale, Texas.The mining farm was launched alongside the Rockdale Municipal Development District (MDD) and Canadian tech firm DMG Blockchain Solutions. The initial plan, for the construction of a 25 MW cryptocurrency mining farm, started in 2018 […]

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Blockchain Firm Bitfury Turns to AI for Big Data Mining

The Bitfury Group may soon be known as a data miner, as well as a crypto mining firm.In an interview with Reuters on Tuesday, the firm’s co-founder and CEO Valery Vavilov said Bitfury has launched an artificial intelligence (AI) division in order to break down the world’s vast amount of data and derive value from […]

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Iran Recognizes Bitcoin and Crypto as an Official Industry, Says MP

The Iranian government’s Economic Commission has approved a mechanism of cryptocurrency mining in the country, according to an announcement by the Iran Chamber of Commerce, Industries, Mines and Agriculture on July 22.Iran’s Economic Commission Approves Crypto Mining ‘Mechanism’Governor of the Central Bank of Iran (CBI), Abdolnaser Hemmati said that “a mechanism to mine digital coins […]

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3 Ways To Earn Cryptocurrency In A Bear Market

The cryptocurrency market has been showing some signs of life in the past few weeks. The price of Bitcoin and altcoins, both major and minor, have had positive movements in the market. However, compared to the end of 2017 and the start of 2018, the cryptocurrency market is still in a decline. Over the past […]

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Bitcoin’s Highest Hash Rate in 4 Months Supports Growing Optimism

Bitcoin hash rate, the computing power securing the network, has reached levels not seen since early November 2018.Bitcoin Hash Rate May Have ‘Bottomed’March 19th saw the Bitcoin hash rate surge past 52 quintillion hashes per second according to data from Blockchain.com.The hash rate measures the performance of bitcoin miners who secure the network. Simply put, […]

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Bitmain Announces New, More Efficient 7nm Bitcoin Mining Chip

Bitmain Technologies has announced a new 7-nanometer bitcoin mining processor that it says offers new levels of energy efficiency.The new ASIC (application-specific integrated circuit), called the BM1397, is said to provide improvements in performance, chip size and energy efficiency for mining proof-of-work cryptocurrencies based on the SHA256 algorithm, such as bitcoin (BTC) and bitcoin cash […]

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How Does Bitcoin Mining Work?

Cryptocurrency mining is painstaking, expensive, and only sporadically rewarding. Nonetheless, mining has a magnetic draw for many investors interested in cryptocurrency. This may be because entrepreneurial types see mining as pennies from heaven, like California gold prospectors in 1849. And if you are technologically inclined, why not do it?Well, before you invest the time and […]

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