Mining

This article was originally published by 8btc and written by Lylian Teng.On September 16, 2019, BTC.com, Bitmain’s mining pool, lost its years’-long first place position to another China-based mining pool, Poolin, whose real-time hashrate read 13,378.00 PH/s at one point.BTC.com, supported by the advantages...

Bitcoin consumes a lot of energy. Go ahead and shout it from the rooftops — it’s a fact.  According to CoinShares’ June 2019 mining report, Bitcoin uses approximately 41 terawatt-hours (TWh) of energy per year, which is roughly equal to the annual energy consumption of...

To earn a more reliable stream of income compared to mining solo, most Bitcoin miners today mine through mining pools. This option is enabled by the open-source “Stratum” mining protocol currently used by almost all mining pools, designed by Slush Pool and first announced...

This article was originally published by 8btc and written by Olusegun Ogundeji.Over 17,850,575 bitcoin have been mined at the time of writing, meaning that 85 percent of the top cryptocurrency’s expected total supply (21 million) is already in circulation. Though the next Bitcoin reward halving...

This article was originally published by 8btc and written by Lylian Teng.Canaan Creative, one of the world’s largest bitcoin mining machine manufacturers, has filed an application for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), people with knowledge of...

Mohammad Javad Azari Jahromi, the Iranian minister for information and communications technology, called the nation a “heaven for miners,” according to AP News.He said that Iranians have turned to crypto mining as a countermeasure against looming hyperinflation and economic collapse following economic sanctions from...

Iran could allow bitcoin mining again, but it looks like miners will have to start paying full price for their energy.State-financed news source PressTV this week reported that the governor of the Central Bank of Iran (CBI), Abdol Nasser Hemmati, announced that the Iranian...

State media in the Islamic Republic of Iran has claimed that the local government has seized more than 1,000 bitcoin mining devices from two separate factories.Reuters reported on this development, adding that local officials have claimed that the operations running this hardware used subsidized...

Operator of the world’s top bitcoin mining pool, Bitmain, has filed lawsuits against three former employees and current co-founders of the rival mining pool, Poolin, for breach of contract. Bitmain is suing the founders of Poolin, the seventh largest bitcoin mining pool by hash...

Braiins, a cryptocurrency mining pool operator based in Prague, is rebranding its company’s operation and bringing all of its products under a single umbrella.Updates Are ComingBraiins is the company behind Slush Pool, the original cryptocurrency mining pool with a hash rate of 5.32 Eh/s,...