CategoryCryptocurrency Mining

Latest cryptocurrency & altcoin mining news. Get updates on the latest technology for ASIC mining and Scrypt mining.

Iran Legalizes Crypto Mining Within Days of a Chinese Plea for 'Better Conditions'

Iran, Crypto Mining

Iran is legalizing crypto-mining, giving a boost to this activity which was already booming despite the unfavorable position of the authorities. According to the Iran Chamber of Commerce, Industries, Mines and Agriculture, the government decided to give the green light to this activity, promoting a series of legal reforms that put an end to a period of uncertainty, misunderstandings, persecutions...

Why Bitcoin Miners Are Fleeing China for Iran

bitcoin mining

Mounting cryptocurrency regulations have some Chinese bitcoin miners fleeing the world's second-largest economy. Their surprise destination? Iran. According to the Managing Director of the Iran Blockchain Association, Mohammed Sharqi, talks have already started between interested parties. Confirming this in a statement to PressTV, Sharqi said: "The Chinese have made requests through official...

Canadian Bitcoin Miner Turns a Corner, Bolsters Local Economies

Canada, bitcoin mining

By CCN: Canada continues to grow its reputation as a friendly destination for bitcoin mining, which has been of particular benefit to the country’s provinces. Canada is attractive because of its energy cost efficiencies, which at least one crypto mining operation is taking advantage of. Emiliano Grodzki, founder and chief strategy officer for Bitfarms, recently told local media about efforts to...

Inside Ethereum's Plan To Reduce Energy Consumption by 99%

Ethereum intends to move to proof-of-stake in the future. Making a move to POS will supposedly cut the energy consumed by a hundredfold, or around 99%. There have been repeated claims that cryptocurrency uses too much energy and is therefore inefficient and environmentally unfriendly. Some reports find that mining cryptocurrency uses more energy than gold mining, some the opposite. Some...

Bitcoin Private Denies Fraud Allegations and Calls for Halt to BTCP Trading

Bitcoin Private has confirmed the allegations made by CoinMetrics, reported by CCN yesterday. Calling them “mathemetically accurate,” the development team says that no one on their team knows where the extra coins wound up. Again, CoinMetrics stated that at least 300,000 of them had already been moved through exchanges. Due to the low take-up by the Bitcoin community of Bitcoin Private (in which...

Razer Wants Gamers to Mine Cryptocurrency Using their Idle GPUs -- But You Probably Shouldn’t

razer cryptocurrency mining crypto gaming

Gamers invest considerable sums in the GPU chips that power their computers. However, even the most hardcore "Fortnite" player will leave his or her gaming rig on idle for a significant chunk of each day while they go to work, attend school, or -- at the very least -- sleep. Hardware manufacturer Razer says that it’s a shame that these expensive devices aren’t being used to their full potential...

Why Bitcoin Cash Was Never Going to Lose the Hash War With SV

bitcoin cash hard fork

The cryptocurrency community expected a tight hash power battle between Bitcoin Cash (BCH) and Bitcoin Cash (SV) on November 15. But, with a decisive win and an anti-climactic result, BCH came out the winner. Bitcoin.com, a company owned by Roger Ver, saw its hash rate spike to 4 exahash, easily surpassing the entire computing power on the Bitcoin Cash network prior to the hard fork. With ViaBTC...

Ethereum GPU Mining Profitability Has Declined Dramatically: New Research

ethereum Blockchain EEA

New data released by global trading and technology firm Susquehanna has revealed that the profit per month earned for mining Ethereum using a GPU mining rig has fallen as far as zero in November, down from about $150 in summer 2017. The data indicates that in addition to the dominance of more efficient ASIC miners which dominate the Proof-of-Work mining market, GPU mining of ethereum and other...

Do NOT follow this link or you will be banned from the site!