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Crypto News

Bitcoin Mining Difficulty Sets New All-Time High

Mining difficulty on the Bitcoin network increased by 9.32% and hit an all-time high of 26.64 trillion on Jan. 21, at 3:07 UTC, beating the previous record set on May 13, 2021. The difficulty is automatically adjusted based the amount of computational power on the network, or hashrate, to keep the time it takes to […]

Crypto News

EU Markets Regulator Calls for Ban on Proof-of-Work Crypto Mining: Report

Proof-of-work crypto mining should be banned in the European Union (EU), according to the vice chair of the European Securities and Markets Authority (ESMA). Erik Thedéen said that EU regulators should nudge the crypto industry towards the less energy-intensive proof-of-stake mining in an interview with the Financial Times. “The solution is to ban proof-of-work,” he […]

Crypto News

Intel to Unveil 'Ultra Low-Voltage Bitcoin Mining ASIC' in February

Intel, one of the world’s largest chipmakers, is likely to unveil a specialized crypto-mining chip at the International Solid-State Circuits Conference (ISSCC) in February, according to the conference’s agenda. One of Intel’s “Highlighted Chip Releases” at the conference is entitled “Bonanza Mine: An Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC.” The session is scheduled for Feb. 23. […]

Crypto News

Payments Giant Block to Build Open-Source Bitcoin Mining System

Block, formerly known as payments company Square, is going ahead with its plan to build an open-source bitcoin mining system, according to a Tweet from Thomas Templeton, Block’s general manager for hardware. In October we announced that we’re considering building a bitcoin mining system, out in the open & alongside the community, and we’ve decided…we’re […]

Crypto News

Dogecoin Mining 2021: Everything You Need to Know

In its early years, mining dogecoin was much easier because very few people participated in the network. This meant anyone could mine the coin individually. However, as the popularity of DOGE increased, the mining process became more difficult, prompting miners to come together and form “mining pools.”

Crypto News

Iran Banning Crypto Mining Until March 6 to Save Power: Report

Iran is banning authorized crypto mining in the country until March 6 in an attempt to save power and avoid blackouts this winter, according to a Bloomberg report. The move will free up 209 megawatts of power for use by the country’s households, according to  the director of state-run Iran Grid Management Co. Mostafa Rajabi […]

Crypto News

Bitcoin Mining Profitability Starts Falling After Stellar Year: Research

But between Nov. 9 and Dec. 22, cash flows from bitcoin mining using Bitmain’s Antminer S19 have decreased by 36%, Jaran Mellerud, a researcher at Norway-based Arcane, told CoinDesk. For the S9 they’ve dropped 50%, he said. Mellerud attributed the slide to “a 28% drop in the bitcoin price over the same period, coupled with […]

Crypto News

Stronghold Digital Mining to Acquire 9,080 Bitcoin Rigs

Since it released its third-quarter results on Nov. 30, the Pennsylvania-based company has signed four separate deals for the rigs, according to the filing. It expects 4,800 rigs, which cost $35.7 million, to be delivered by the end of the year or in early January, it said.