Mining $1 Equivalent in Bitcoin (BTC) Costs More Than Extracting The $1 Equivalent In Gold
In a study published in Nature Magazine, the researchers calculated that mining the equivalent of $1 in Bitcoin (BTC) consumes more resources and costs more than extracting $1 in gold, by about three times more. The scientists stressed…
BitFury, Crypto Mining Company, Accomplished An $80 Billion Funding Phase
The blockchain solutions group, BitFury, a crypto mining company, announced Tuesday that it had closed an $80 million round of private financing with global investment firms, such as Macquarie Capital, Asian financier Dentsu, European companies Armat Group and…
Hydropower Dam In New York To Be Used As Bitcoin Mining Farm
The number of crypto mining is growing on a daily basis, and this leads to the problem of excessive power usage which is essential to be regulated. Governments all over the globe are continuing to regulate crypto mining…
Nvidia Retires From Crypto Mining Blaming Low Income, While Bitmain Excels in Profits
The continuing downward trend in the cryptocurrencies market, following the Bitcoin (BTC) crash below the $8,000 psychological level, has had a negative impact on Nvidia. The world’s leading graphics chips producer is thinking of retiring from crypto mining…
Crypto Mining Is Still Available For Regular Computers Thanks To Honeyminer and Minergate
A feature of the PoW (Proof of Work) in cryptos like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), among others, is that these can be created through mining. We’ve all heard about expensive mining equipment and the high-costs…
Canadian Crypto Mining “DMG Blockchain Solutions” Firm To Install An 85-MW Facility
The Canadian company DMG Blockchain Solutions has commissioned the construction of an 85-megawatt crypto mining expansion substation, as announced in an official declaration on July 26th. DMG’s crypto mining will be carried out on an industry-wide scale with…