Three reasons why China will “lose its grip” on Bitcoin mining as political tensions mount
Weeks after the Bitcoin halving in mid-May, miners are seemingly moving out of China and into Europe — with one prominent mining pool stating geopolitical tensions between the United States and China are a major catalyst.To read the rest of this article, join CryptoSlate...
Research: Why a crypto mining company’s IPO is unlikely to be successful
The Chinese-based Bitcoin mining giant Ebang is the latest crypto company to list on the public markets.To read the rest of this article, join CryptoSlate Edge. Have an account? Sign In.
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Bitcoin miner outflows are showing signs of a weakening BTC market
It was a long time coming. After Bitcoin’s May 12 halving event, many in the cryptocurrency community suggested weaker miners would move out of the market and leave much of the hash rate open to stronger players. But, as the Bitcoin protocol is, the network’s...
“Miners don’t care,” says Ethereum dev as proposal to increase ETH scalability floats
A tweet by Bitfly, the parent firm of Ethereum mining pool Ethermine, stirred up debate over the weekend after the firm revealed miners are voting to increase GAS limit from 10,000,000 to 12,500,000 each block.The broader Ethereum community was immediately divided on the matter,...
Research shows mining meme coin DOGE is more profitable than Bitcoin Cash and others
Bitcoin and Ethereum miners are pocketing over 99 percent of all fees generated by the broader crypto-mining ecosystem, on-chain analytics firm Messari said Friday.However; high fees do not mean a positive for a blockchain network. BTC and ETH could be profitable for miners, but...
What Are Bitcoin Mining Pools?
Bitcoin mining pools are decentralized groups organized and operated by third parties to coordinate hash power from miners around the world and then share any resulting bitcoin in proportion to the hashpower contributed to the pool.Why Mine Bitcoin in a Pool?In a way, bitcoin...
Here’s why Bitcoin mining could reduce to two players while China’s BTC dominance dies
A new report by Bitcoin trading giant BitMEX focussed on the BTC mining industry, exploring if three mining giants could IPO on U.S. markets and if China’s Bitcoin mining could grow.Both aspects, unfortunately, face negative consequences if current market conditions remain.Bitcoin miners face IPO...
Is Bitcoin Mining Profitable?
Bitcoin mining is a central process to the entire network that validates transactions, secures the blockchain and uncovers new bitcoin. In brief, bitcoin mining requires miners to contribute computing power in exchange for the chance to unlock rewards of bitcoin. In a very basic...
Is Bitcoin Mining Legal?
For the most part, yes, bitcoin mining is most likely legal in your jurisdiction. However, there are some places around the world where possession and use of bitcoin are illegal and bitcoin mining is illegal as well.Through North America and Western Europe, bitcoin is...
Bitcoin Mining Hardware
Bitcoin mining hardware, also known as mining rigs, are computing devices made specifically to “guess” the correct bitcoin block hash as quickly and with as little power as possible. While the earliest Bitcoin mining was conducted by standard computer CPUs, mining operators were incentivized...
