Mining

High above the mundane operations on the ground, where physical equipment hums and hard drives spin tirelessly, a digital revolution is reshaping the mining of cryptocurrencies.

GlobaleCrypto revolutionizes cloud mining by putting new work from home users at the center, offering high-return products while prioritizing advanced security through state-of-the-art encryption measures.

Venezuelan authorities demanded that cryptocurrency exchanges and mining companies stop all their business activities.

It has been over a year since El Salvador became the first and so far only country to adopt Bitcoin as its second national currency. Now, President Nayib Bukele announced that the government will start buying the flagship cryptocurrency on a daily basis.

On June 30, South Korean tech giant Samsung announced new semiconductor chips that can potentially be employed for mining cryptocurrencies. According to the announcement, the new 3-nanometer process technology will enable 45% optimization of power usage.

Quadrans: What is it?

Russian oil company Gazpromneft announced that it will use its massive oil resources to mine cryptocurrencies. This comes after US sanctions on Russian oil have led to a significant drop in profits for many oil companies. Gazpromneft, a subsidiary of Russian oil giant Gazprom, hopes to use cryptocurrency mining to boost its profits.

Due to the exponential rise of the bitcoin difficulty factor, frustrated bitcoin miners are storming the Ethereum network. According to the Cryptocurrency Mining Index, a large number of miners are shifting their hashing power to the Ethereum blockchain. According to blockchain.com, the current bitcoin difficulty factor is 29.8 trillion.

The Bank of Russia is continuing to test the Digital Ruble payment system and plans to involve more banks into the program in 2023.