Bitcoin Mining

Canaan Launches First Bitcoin Mining TV

4 days ago admin2 0
Imagine turning your TV set on and having it generate a small amount of money while you watch your favorite show. That is now possible thanks to Canaan’s latest development. Canaan creative is launching “the Bitcoin Mining Television,” and just like other house appliances that have a mining component, this device will allow you to Read More

Australia Could See First Solar-Powered Bitcoin Mining Farm in Coal Town

6 days ago admin2 0
An Australian data center operator and its cryptocurrency subsidiary are developing what they describe as the country’s first “behind-the-grid data center” powered by renewable energy. Situated in the coal-mining town of Collie, some 200km south of Perth, the new facility is being developed by data center operator DC Two and subsidiary D Coin and will Read More

$500 Million Bitmain Data Center to Bring 400 Jobs to Texas Coal-Mining Town

1 week ago admin2 0
Bitmain, the world’s largest bitcoin miner and mining equipment maker has announced construction plans for a new blockchain data center and cryptocurrency mining facility in the city of Rockdale in Milam County, Texas. CCN earlier reported that the company released plans to construct a data center in Texas as part of an ongoing North American Read More

Bitmain IPO In Sight After Years Of Solid Earnings

1 week ago admin2 0
Blockchain mining giant Bitmain Technologies has reportedly earned more than $1.1 billion USD in the first quarter of 2018. This is a staggering result considering all the market fluctuations and the fact that its entire profit for the same period in 2017 was $1.2 billion USD. There are rumours about a Bitmain IPO later in Read More

Google Bans Cryptocurrency Mining Apps From Play Store

2 weeks ago admin2 0
With the release of Google’s new policy update on Thursday, cryptocurrency mining apps are now prohibited on the official Android App store. Google’s move to ban crypto mining App is similar to Apple’s decision to ban crypto mining on Mac and iOS both. Nevertheless, Google and Apple both allow crypto mining if the processing happens Read More

What is GPU Mining, and How Does it Differ from ASIC Mining?

2 weeks ago admin2 0
Before we can progress with these concepts, it is necessary to define briefly what cryptocurrency mining is. In very basic terms, mining refers to the process of using CPU, GPU or ASIC processing power for the purposes of hashing blocks and verifying transactions on the blockchain. This is done in exchange for a reward in Read More

Is Bitcoin Mining Still Profitable?

2 weeks ago admin2 Comments Off on Is Bitcoin Mining Still Profitable?
It was a gold rush when Bitcoin prices started rising and newly emerged miners were setting up their mining equipment all over, just to get crushed by ASIC miners. Bitcoin mining, the process of earning Bitcoin while running transaction verifications, has grown widely. From a handful of early enthusiasts, to a small industry to eventually Read More

The Effects Of Centralized Bitcoin Mining

2 weeks ago admin2 Comments Off on The Effects Of Centralized Bitcoin Mining
Bitcoin sparked the revolution that made a significant advance towards web 3.0 possible, with a strong proof of concept for decentralization of money and transactions. Hundreds of DApps or Decentralized Apps have now appeared, and many different startups are now looking to wrest control from centralizing internet forces on every front. However, Bitcoin’s infrastructure is Read More

Bitmain Publishes Hashrate Stats, Claims Just 4% of Total Bitcoin Mining Power

3 weeks ago admin2 Comments Off on Bitmain Publishes Hashrate Stats, Claims Just 4% of Total Bitcoin Mining Power
Advertisement Bitcoin mining giant Bitmain said that it will begin publishing regular reports on the size of its in-house mining operation as part of a wider transparency push it has been making prior to going public later this year. Bitmain Publishes In-House Bitcoin Mining Stats Those statistics, which are current as of July 22, are Read More