Miners

Chinese Vampires Turn to Bitcoin Mining; an Illegal Farm Discovered Under a Cemetery
Jun 05, 2020 at 10:03
News
Chinese Vampires Turn to Bitcoin Mining; an Illegal Farm Discovered Under a Cemetery
If you ever thought only gold, diamond, or oil were found underneath the ground, you might be wrong in the 21st Century world as recent cases of bitcoin mining have proved that crypto mines equally do well underground. Chinese police have discovered an illegal Bitcoin mining farm beneath a cemetery.
2 Days to Bitcoin Halving: Countries Create Favourable Conditions for Mining
May 10, 2020 at 13:20
News
2 Days to Bitcoin Halving: Countries Create Favourable Conditions for Mining
As the 3rd Bitcoin halving event scheduled for March 12 nears, many countries are rethinking their opinion on crypto mining. Sichuan, which initially banned crypto production, is now backing it and will lower electricity cost for miners.
Coronavirus Pandemic Could Disrupt Bitcoin Mining Industry
Apr 05, 2020 at 08:30
News
Coronavirus Pandemic Could Disrupt Bitcoin Mining Industry
The outbreak of COVID-19 might push smaller miners out of the Bitcoin mining Industry. It has been caused by both cryptocurrency price collapse and the shortage of the supply of new Bitcoin mining ASICS. There is even a theory that the pandemics could kill crypto mining completely.
Bitcoin Mining Difficulty Factor Hits a Flat Curve as Coronavirus Rages in China
Feb 13, 2020 at 16:42
News
Bitcoin Mining Difficulty Factor Hits a Flat Curve as Coronavirus Rages in China
The outbreak of the new coronavirus in China has halted economic activities in the mainland which is the key producer of Bitcoin mining Hardware. As fewer mining machines are added to mine Bitcoin, the difficulty algorithm is relaxed as the competition between miners reduces. The Universal hashing power towards the Bitcoin network is somewhat constant.
What is Next for Miners Now that More than 85% of Bitcoin are Already Mined
Oct 30, 2019 at 09:35
News
What is Next for Miners Now that More than 85% of Bitcoin are Already Mined
Recently the 18 millionth bitcoin was mined accounting for about 85.714% of the total available Bitcoins. The cryptocurrency is nearer to its pre-programmed mining cap of 21 million coins. Here we will review what these figures mean for Bitcoin miners and Bitcoin price in General.
Ukraine Incarcerates Illegal Bitcoin Miners at Power Plant
Aug 24, 2019 at 12:51
News
Ukraine Incarcerates Illegal Bitcoin Miners at Power Plant
The Ukrainian security authorities have detained cryptocurrency miners at a nuclear energy plant. The Security Service of Ukraine (SBU), the law-enforcement agency and primary government security body in the fields of counterintelligence operation and fighting terrorism, arrested many people for illicitly mining Bitcoin and other digital assets at the country’s nuclear power plant (NPP).
Bitcoin is on the Verge of Becoming Centralized
Jul 31, 2019 at 10:52
News
Bitcoin is on the Verge of Becoming Centralized
Today, Bitcoin mining activity seems to be a hurdle for most anonymous participants due to the massive competition originating from the giant pools. So far, some of the biggest miners we have in the industry include BTC.com, F2Pool, AntPool, BTC.TOP, Poolin, Huibi.pool, SlushPool, ViaBTC and many others. However, the largest share of about 40% is currently taken by only three companies, of which two of these (BTC.com and Antpool) are managed by one company (Bitmain). This has brought a lot of queries in the blockchain and digital asset industry and has left people thinking that the flagship crypto is on the brink of becoming a centralized cryptocurrency.
Is it Profitable to Mine Bitcoin in 2019?
Jul 27, 2019 at 12:04
News
Is it Profitable to Mine Bitcoin in 2019?
It has become very competitive and expensive to mine Bitcoin than Ever. The BTC mining difficulty has hit a new record high at about 7.93 trillion. The figure represents a 7% increase from the previous number of 7.45 trillion. Bitcoin adjusts its difficulty after every 2,016 which is about 2 weeks.
Chinese Police Have Confiscated Illegal Mining Devices
Jul 14, 2019 at 14:48
News
Chinese Police Have Confiscated Illegal Mining Devices
Police detectives in the Chinese City of Zhenjiang recently confiscated about 4,000 bitcoin mining computers. According to the police, the miners illegally connected their mining machine to the Electricity grid. Further report indicates that electricity worth more than $3m was illegally used for mining.
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