It’s fair to say that the past few months have been pretty hard on bitcoin miners, with the leading cryptocurrency seeing its market cap fall below the USD 100 million threshold for the first time in over a year. Times are tough for miners, with the recent drop below USD 4,000 rendering many operations unprofitable, which has seen around 100,000 individual miners close up shop … [Read more...] about Bitcoin Miners Have Taken a Hit, but There’s Still Some Positive News to Be Found
Authorities in China have cracked down on BTC mining companies. On the 5th of November, the power supply to miners in Guizhou and Xinjiang was cut off. This had a severe impact on the BTC hash rate, down 10% since the cut off (from 50 Exahash/s to 45 Exahash/s). A hard time for BTC mining companies Many cryptocurrency mining companies rely on slim profit margins, especially … [Read more...] about Bitcoin Mining Companies in China Shut Down by Authorities
A startup known as Coinmine has recently launched a new user-friendly crypto mining rig called the Coinmine One. The venture is backed by Coinbase and Arrington Ventures. The miner is not powerful enough to mine bitcoin, which will largely be left to Bitmain ASIC miners. However, it is powerful enough to mine Ethereum Classic (ETC), Ether (ETH), Zcash (ZEC), and Monero (XMR). … [Read more...] about Coinmine One to Bring Mining to the Masses
Over the past few years, we’ve seen low electricity rates in central Washington state prove attractive to bitcoin miners, but those days may soon be coming to an end.News coming out of both Chelan and Grant counties suggests that an electricity price hike may very well be on the horizon. A negative effect on bitcoin miners Bitcoin miners use specialist equipment that eats … [Read more...] about Bitcoin Miners in Washington Face Electric Rate Hike
With 6,000 wallets already downloaded, a rise from 1,653 only seven days prior, and 20 million TAU coins distributed, it’s safe to say that TAU and its proof-of-transaction technology seems to have made quite an impression on the crypto space thus far.The total supply of TAU coins sits at 10 billion, with a year-long ICO very similar to that of EOS currently … [Read more...] about TAU Gaining Popularity as Potential Is Recognized
News has emerged that two cryptocurrency mining facilities have opened in both Reykjavik and Blonduos, Iceland.Etix Blockchain, a subsidiary of Etix Everywhere, a Luxembourg-based data center operator is behind the move, which comes on the heels of the company receiving considerable investment from SBI Crypto Investment, which is itself a subsidiary of SBI Holdings. High … [Read more...] about Two Cryptocurrency Mining Operations Opened in Iceland
Over the course of one single year, bitcoin mining has used twice as much electricity as the State of Qatar.A sovereign state with a population of over 2.5 million people uses half the electricity that bitcoin mining operations do over any given 12 month period.Let that sink in for a second. An unregulated industry Now, think about the current rules and regulations that we … [Read more...] about Bitcoin Mining and Crypto Pollution – Is Regulation the Answer?
Bitmain, the largest manufacturer of cryptocurrency mining hardware, has launched the Antminer S9 Hydro. It is the 8th miner launched by the company this year. The 18 Tera hash water cooled system is held to have an advantage over air-cooled miners regarding its energy efficiency. The Antminer S9 Hydro can be purchased in BTC from the official website. Antminer S9 Hydro … [Read more...] about Antminer S9 Hydro Released by Chinese Mining Giant Bitmain
There has been growing concern in the Bitcoin community as to the centralization of the bitcoin mining network and the adverse effect it could have moving forward. Yet, there is reason to believe the Bitcoin hashrate will become more decentralized as technology advances begin to slow. Bitcoin Hashrate Distribution The most significant feature of Bitcoin is its decentralized … [Read more...] about The Bitcoin Network Could Become More Decentralized
When it comes to market-leading cryptocurrency mining technology, the Chinese-based mining giant, Bitmain, is a legend of the game and it doesn’t get any bigger. Although the company is mysterious at best, a new report has suggested that the crypto mining megalodon could be losing its advantage in the mining tech marketplace.As China comes under attack from the Russian crypto … [Read more...] about Is Bitmain Losing its Grip on Cryptocurrency Mining Technology?
The allegedly largest Russian cryptocurrency mining operation has recently been launched and plans to wrestle away China’s dominance of the crypto mining industry with this audacious new project.Crypto Disrupt recently published a news story that Russian cryptocurrency mining was on the rise with the 15% increase in crypto mining companies now in operation across Russia in … [Read more...] about “Largest Russian Cryptocurrency Mining Operation” to Challenge China
It is no question the world of cryptocurrency mining must undergo major changes to withstand the backlash against the power it consumes on a daily basis. This is why GEAR has developed a closed-loop mining network which not only mines cryptocurrency in environmentally friendly ways but also supports the further development of renewable energy solutions. PoW Mining is in … [Read more...] about GEAR Has the PoW Mining Solution
As previously reported by Crypto Disrupt, New York-based Soluna Technologies has embarked on a Western Sahara blockchain project that will look to combine renewable energy and cryptocurrency mining.Plans are to develop a 900MW wind farm close to the town of Dakhla, which will be used to power a blockchain computing facility, with backing from private equity firm Brookstone … [Read more...] about Western Sahara Blockchain Project Causes Political Controversy
A Canadian company has made the unprecedented move to switch industries from mining minerals to mining cryptocurrency. In a move that is completely changing their business model, the company, Square Mining, is looking to make the move a rapid one.Although many people might switch easily from Coke to Pepsi on a daily basis, this audacious move to switch to mining … [Read more...] about Canadian Company Switches From Mining Minerals to Mining Cryptocurrency
A Vietnamese news outlet has confirmed that the nation has clamped down on the importation of crypto mining equipment as proposed in July. It is reporting that no mining companies or individual miners can purchase mining equipment from abroad and that the government has been enforcing the new laws with aplomb.The Vietnamese government’s hardline stance on crypto is already … [Read more...] about Vietnam Crackdowns on Crypto Mining Equipment Imports
Ahead of the impending Bitmain IPO, it would appear the cryptocurrency mining giant is holding a massive, illiquid stock of bitcoin cash (BCH).Following up on a post back in March this year, a medium user has updated details from an investigation into risks related to the upcoming Bitmain IPO. Specifically, as predicted back in March, Bitmain could suffer huge losses as a … [Read more...] about Is the Bitmain IPO the Biggest Exit Scam Crypto Will Ever See?
A cryptocurrency mining summit will be taking place in Tbilisi, Georgia, in September, and promises to be a must-visit event that crypto miners can’t afford to miss. As the world of crypto mining is in a constant state of flux, this event for the global crypto mining industry is more important than ever before.This eagerly-awaited cryptocurrency mining summit will take place … [Read more...] about Cryptocurrency Mining Summit Taking Place in Georgia in September to Promote Digital Currency Mining
A US crypto mining company is planning an audacious project to construct a 900-Megawatt wind farm in the middle of the Saharan Desert. The project is expected to begin in 2019 and will not be connected to the national grid.The US crypto mining company, Soluna, is planning the venture to create the wind farm with a long-term plan to use this renewable source of energy for … [Read more...] about US Crypto Mining Company Plan 900-Megawatt Wind Farm in the Middle of the Saharan Desert
When it comes to taking care of the environment and using renewable energy, Australia is planning to lead the way with the construction of a new solar-powered crypto mining farm. The project is being described as the nation’s first-ever “behind the counter grid center” that will be powered by renewable energy and merging crypto, and solar power makes complete sense.If any … [Read more...] about Australia Looking to Build its First Solar-Powered Crypto Mining Farm
On July 29 the bitcoin hashrate briefly crossed the notable milestone of 50 quintillion hashes before surging past it again on August 6.It has since dropped again to just below 39 quintillion hashes, but no doubt will soon be maintaining a permanent position above 50 quintillions.The last two months have seen increasingly large spikes and dips of hashing power, but … [Read more...] about Bitcoin Hashrate Surges Past 50 Quintillion Milestone