In recent days, a video has gone viral showing the destruction of many bitcoin mining machines in Malaysia. The video, published by the local Sarawak newspaper Dayak Daily, shows the destruction of 1,069 bitcoin mining machines costing a total of 5.3 million Malaysian ringgit, or about $12.5 million, seized by the Miri district police between
Today Argo Blockchain, a leading mining crypto company, published a detailed report containing interesting updates on the quantities of crypto that have been mined throughout 2020. Operational update for November 2020: -Mined 115 BTC -Mining rev was £1.48 m at a mining margin of 57% -Total amt of BTC mined so far in 2020: 2,369
All set for the launch of the new ASIC for Bitcoin mining by computing giant Intel. The ASIC for Bitcoin mining developed by Intel Everything is now ready for the new ASIC that Intel unveiled last April for Bitcoin mining. It is called Blockscale and is Intel’s new cryptocurrency mining program. JUST IN – Computing
When it comes to deciding whether or not you want to invest in a cryptocurrency, there are three basic questions you may want to ask yourself about the project. Who is leading the projectWhy is this project uniqueHow does the token workThese three questions will end up revealing a lot about the nature of your
This thing (Bitcoin) that emerged out of nowhere in 2009, invented by someone(s) who has no identity, is Bitcoin. We're now at a point where it has become worth several hundred billions of dollars. It's not like in 2017 when this price was fragile, Bitcoin has never been stronger. How ridiculous is it that the
After episode 5, we got a question from one of our listeners. This question is about education, and trust in the network. What is stopping a hacker from infecting the bitcoin network with a virus and stealing my money?This is a great question, one that needs to be answered in order for this person to
During the World Digital Mining Summit, which is currently taking place in Frankfurt, the Chinese mining giant Bitmain has revealed important news: two new Bitcoin mining ASICs from the Antminer family. These are the Antminer S17+ and T17+, two top of the range products capable of reaching 73 and 64 TH/s respectively. Currently, not too
More mining farms and nearly 4,000 machines for mining Bitcoin and cryptocurrencies using the PoW protocol have been seized in China. Seizures of Bitcoin mining machines continue in China About 4,000 Bitcoin mining machines seized in China The country banned mining completely in May last year, and at first it seemed that it had succeeded
In Iran, the Ministry of Industry has granted more than 1,000 cryptocurrency mining licenses. This was revealed in a news story recently published in the Financial Tribune, the first English-language Iranian economic newspaper. The confirmation comes from an official of Iran’s ICT Guild Organization, an NGO representing the ICT sector in the country, which has
The long-awaited Ravencoin (RVN) hard fork, announced by the developer community last August, finally took place. Following the hard fork, aimed at eliminating ASICs and FPGAs from the mining of the currency (the latter only temporarily), the hashrate of the Ravencoin (RVN) network collapsed momentarily by 70%, returning to values typical of last July. The
