First In History: Bitcoin Miners Now Need More Than 1 EH/s Of Power To Mine 1 BTC

On-chain data shows that, for the first time in history, Bitcoin miners require more than 1 EH/s of daily computing power to mine just 1 token of the asset. Bitcoin Hashcoin Has Set A New All-Time High Now As explained by CryptoQuant head of research Julio Moreno in a post on X, the BTC Hashcoin […]

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Bitcoin As The World’s First Over-Unity Power Generator

In a sense, Bitcoin achieves over-unity power generation by storing energy and creating additional value over time.

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Bitcoin Retail Investors Now Hold 17% Of Total BTC Supply, But Is It Good News?

Bitcoin retail investor numbers are on the rise. These smaller investors have less purchasing power but with so many new entrants into the market following the 2020-2021 bull market, their collective purchasing power has grown alongside the total amount they hold.

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Bitcoin Miner CleanSpark Signs 200-MW Power Agreement

CleanSpark’s power agreement with Texas-based Lancium is expected to eventually trigger a five-fold increase in its bitcoin mining hashrate capacity.

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Bitcoin Is The Best Form Of Money, Says Morgan Creek Capital CEO

Mark Yusko said in an interview that Bitcoin will power the internet of value by being its “base layer.”

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The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power

The SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear power plants.

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Bitcoin Mining Power Hits Record Highs

Bitcoin (BTC) is seeing more computational power invested in coin generation than ever before. As of Jan. 6, Bitcoin’s mining network has reached a hashrate of 120 exahashes per day. This number has been growing steadily over the past decade, but it has grown significantly in recent months.

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Bitcoin Mining Via Solar Power: Risks, Rewards And More Profitable?

Better To Mine Bitcoin With Solar? A great deal of energy goes into mining bitcoin cash and bitcoin core due to the amount of power necessary to keep ASIC machines going. So much power is needed that people have started raising the issue, which is that the money spent on electricity to mine is more […]

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Canadian Province Offers Low-Cost Energy Incentives to Bitcoin Miners

They’re doing it in British Columbia, Quebec, Manitoba, Alberta and Labrador — bitcoin miners in Canadian provinces are taking advantage of the country’s cool climate and abundant supplies of hydroelectric power.

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Understanding Bitcoin, the Demos: How to Become a Bitcoin Power User

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Lightning Dev Explains Why Bitcoin Is Poised To Become the Global Currency

When the mysterious Satoshi Nakamoto first released Bitcoin to the public, his goal was to remove the power governments and banks had over people’s money, and put the power back into the hands of the user.

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Kenya’s Bithub Africa Mines Bitcoin Using Solar Power

Bithub Africa has started using off-grid solar power to mine bitcoin and ethereum. John Karanja, the founder and chief executive officer of the small Kenyan mining operation, hopes to spread the technology to the rest of the continent while exposing the lie that cryptocurrency mining poses a danger to the environment.

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Fiscal Dominance through Bitcoin: Max Keiser and Stacy Herbert

An exchange can get hacked and attacked, allowing hard-won earnings to vanish into the coffers of criminals without a trace. The blockchain, in all its beauty, is gobbling up power as it grows, raising questions about its environmental impact as it drives decentralization.

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PoWx Seeks to Change Bitcoin Mining with “Optical PoW”

Nonprofit organization PoWx has launched this week with the goal of boosting the idea behind proof of work (PoW) through more innovative algorithms. The company is seeking to decentralize Bitcoin mining and make it more accessible to consumers through a new technology that executives have dubbed “optical PoW” — a new type of hardware that utilizes a more advanced and energy-efficient form of laser technology as the cornerstone of mining.

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Op-Ed: Bitcoin’s Roots in the Great Law of Peace

Bitcoin, in its nine years of existence, has steadily gained traction, defining itself as a new digital gold. Early adopters of this technology have shown excitement for the potential of this inflation-proof sound money.

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“Economic Sovereignty” Through Bitcoin: Max Keiser and Stacy Herbert

When it comes to cryptocurrency, it seems that there are always two sides of the (bit)coin. On the negative side, there’s everything that can go wrong.

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Promoted: Ushering in a New Future — Cryptocurrency Investing With Invictus

The Bitcoin movement has brought with it a tidal wave of activity in cryptocurrency investments and trading. As a result, crypto market capitalization soared to an all-time high of around $820 billion in early January of 2018.

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PR: genEOS – Blockchain 4.0 for Business Announced – Crowdsale Is Launched

Blockchain technology promises to transform business processes, bringing automated record-keeping and turning entirely secure, distributed, decentralized, and scalable applications into a new norm in the business world.

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Crypto bear market impacting price of GPUs

As the Bitcoin and the rest of the cryptocurrency market dipped over the past several months, so has the price of GPUs.  Computerworld has reported that the price of high end GPUs have gone down in correlation with the price of a Bitcoin.

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The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin

As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name.

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Nick Spanos’s Zap Jolts Real Estate With Blockchain-Based Smart Contracts

New York realtors looking to avoid hiccups in their commission payouts can now turn to blockchain-based smart contracts. The first real estate commission split was brokered earlier this summer in Manhattan’s ritzy SoHo neighborhood by New York-based Bapple Realty.

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Uber Angel Investor Believes Bitcoin Will ‘Solve Biggest Problems With Fiat’

Early Bitcoin investors continue to bet on Bitcoin’s potential. For example, angel investor Jeffrey Wernick started investing in the “the currency of the people,” as he calls it, in 2009. Wernick believes that Bitcoin’s formidable power resides in the fact that its value “comes from its ability to solve the biggest problems with fiat money.

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Bitcoin’s Exorbitant Energy Use Consumption For Blockchain Mining: Real Problem?

There are certainly a number of positive aspects to bitcoin, but there are also qualities that are less favorable as well. For example, bitcoin has been an issue due to the sheer amount of power necessary to create new virtual coinage.

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Strategic Partnership Announced Between TokenPay and Litecoin Foundation

In May 2018, TokenPay Swiss AG joined with WEG Bank in Germany. The former attained a 9. 9 percent stake in the bank, along with the option to purchase as much as 90 percent, pending regulatory approval.

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Augur Launches Decentralized Prediction Marketplace

Augur, a blockchain-based predictions platform, has opened to the general public. The platform becomes the “world’s first” decentralized prediction-market platform.

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Stellar to Power The London Football Exchange: the World’s First Football Club Exchange and Fan Marketplace

Bitcoin Press Release: Stellar-powered startup, the London Football Exchange has announced that it will partner with leading software company Lightyear. io. London, England — July 10, 2018 — The London Football Exchange (LFE) announced that it has partnered with Lightyear.

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The reason Bitcoin utilizes higher power

Why does bitcoin require so much energy to make something that exists only electronically? Bitcoin and most other cryptocurrencies are founded on the notion of an immutable ledger, called the blockchain, which comprises transfers of value from one party to another.

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Kumamoto Electric Company and OZ Mining Enterprise to Begin Mining in Southern Japan

Mining Kumamoto Electric Power Company and OZ Mining Corporation have announced that they will start operating a crypto mining farm from August, aiming to install 14,000 mining machines and reach 90 million yen profit by March 2020.

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Kumamoto Electric Company and OZ Mining Corporation to Start Mining in Southern Japan

Kumamoto Electric Power Company and OZ Mining Corporation have announced that they will start operating a crypto mining farm from August, aiming to install 14,000 mining machines and reach 90 million yen profit by March 2020.

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Some Aren’t Optimistic about Bitcoin despite the Cryptocurrency Miners Promising Opportunities

Cheap rental prices and inexpensive electricity have driven cryptocurrency miners to the seaside city. While cryptocurrency miners have long worked in places like China and Scandinavia, many are setting their sights on other parts of the world.

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Swiss Stock Exchange Operator Plans to Launch Crypto Exchange

SIX, the firm that operates and owns the Swiss stock exchange, has announced plans to launch a fully regulated digital cryptocurrency exchange. The firm says it plans to launch "the first market infrastructure in the world” which will “offer a fully integrated end-to-end trading" while providing a safe environment where digital assets can be issued and existing securities and non-bankable assets can be tokenized.

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Digital Isle of Man Joins the British Blockchain Association

One of the earliest adopters of blockchain technology — the Digital Isle of Man (Digital IOM) — is now an official member of the British Blockchain Association (BBA).

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Bitcoin Controversy Continues To Sweep India

With the Reserve Bank of India’s (RBI) new ruling coming to force yesterday, India have featured in numerous news headlines and will no doubt continue to do so through the week. As a recap, yesterday the RBI’s new rulings came to power which essentially mean cryptocurrency trading across exchanges, with FIAT currency will no longer be allowed.

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Bringing IoT and Blockchain Applications Together to Avoid Human Error

ULedger and Fetch. ai have joined resources to tackle the problems caused by human error in today’s economy. Based in Boise, Idaho, ULedger is an international technology firm with offices in Kosovo, Italy and Austria.

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Presidential Decree Sets the Stage for Legalizing Cryptocurrencies in Uzbekistan

The executive power in Uzbekistan has advanced towards legalizing cryptocurrencies and implementing blockchain technology in both government and economy. A new decree signed by President Mirziyoyev mandates licensing for trading and other activities related to the circulation of digital coins.

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The Pirate Bay Uses Visitors CPU Power to Mine Cryptocurrencies

The world’s most visited torrent website The Pirate Bay (TPB) has started mining digital currencies again. A forum post on June 8 brought the resurgence of mining activities on the websites upload page to light, which was followed by reports from several users who found their CPU usage going up every time they visited.

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Blockchain Technology Now Being Utilized for Selling Excess Electricity

The idea behind people selling excess electricity to each other is now becoming a reality through the use of blockchain technology. Australia’s blockchain start-up Power Ledger and Clean Energy Blockchain Network are using blockchain technology to gather and digitize the electricity information of consumers.

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Latest BitcoinZ Update is a KioskZ System Self-Service Solution

Bitcoin Press Release: A thriving cryptocurrency has built an engaging Crypto self-service solution as part of its latest innovation. The BitcoinZ developers created the KioskZ and officially announced its launch, giving restauranteurs the power to reduce fees, accept crypto-to-card payments (fiat), and entered the table-top service industry for free.

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GMO Miner B3: Japan’s Internet Giant Upgrades 7nm Bitcoin Miner After B2 Launch

GMO Launches a New Upgrade on its 7nm Bitcoin Miner The Japanese giant GMO, decided to launch a new upgrade of its bitcoin miner with the 7nm ASIC mining chips. The latest model can achieve a higher hash rate and has a ‘hash power optimization function.’ This new device will have the same price as […]

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Bitcoin’s Hashrate Drop: Floods Took Mining Farms Out

A few days ago, a mysterious dip in Bitcoin mining power coincided with a significant price drop.

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Japan’s Internet Giant GMO Launches New Upgraded 7nm Bitcoin Miner

Japanese internet giant GMO has launched a new, upgraded model of its bitcoin miner equipped with 7nm ASIC mining chips. The previous model was sold out. The new model can achieve a higher hash rate and has a “hash power optimization function.

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China Floods Wipe Out Crypto Mining Farms, Bitcoin Hashrate Drops

The cumulative hashing power dedicated toward Bitcoin took a hit this week after extensive flooding of mining centers in Sichuan, China. Eric Meltzer, a partner at China-based blockchain focused fund INB, published a tweet on June 29, 2018, depicting mining hardware destroyed by flooding within the Sichuan region: Rumors that a huge flood in Sichuan took […] The post China Floods Wipe Out Crypto Mining Farms, Bitcoin Hashrate Drops appeared first on CryptoSlate.

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AVINOC: The Blockchain Solution Disrupting the Global Aviation Business

Bitcoin Press Release: AVINOC (Aviation Network Operation Chain) is a platform for the global General Aviation (GA) businesses, using a new concept and innovative Blockchain technology. AVINOC aims to bring the power of decentralization and the speed of blockchain systems into the GA, especially into the Business Aviation (BizAv) sector and as a second step […] The post AVINOC: The Blockchain Solution Disrupting the Global Aviation Business appeared first on Bitcoin PR Buzz.

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Джон Макафи призвал бойкотировать биржу HitBTC

Программист и миллионер Джон Макафи призвал бойкотировать криптовалютную биржу HitBTC в связи с тем, что бедные люди не могут позволить себе пользоваться её услугами. The crypto exchanges have become the thing that we have originally fought against.

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Op-Ed: Challenge of Mining Centralization Unveils Bitcoin’s Elegant Design

Last year, growing problems of Bitcoin mining centralization came to light with the controversy of an AsicBoost scandal. As a largely centralized hash rate began to threaten the software’s magical property, concerns were raised that incentives at the crux of Bitcoin’s game theory had broken away.

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How can your smart fridge be Bitcoin for criminals?

It could be mining bitcoin for criminals. So-called “crypto-jacking” attacks have become a growing problem in the cybersecurity industry, affecting both consumers and organizations.

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Bitmain Nears 51% of Network Hash Rate: Why This Matters and Why It Doesn’t

Recent Bitcoin block data shows that Bitcoin’s mining pools BTC. com, AntPool and ConnectBTC, respectively mined about 25. 7 percent, 16. 1 percent and 0. 2 percent of all new blocks over the past week.

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PR: AVINOC the Blockchain Solution Disrupting the Global Aviation Business

AVINOC: What is AVINOC? The original name is Aviation Network Operation Chain. It is a platform for the global General Aviation (GA) business, using a new concept and innovative Blockchain technology.

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Cryptojacking Becomes a Nuisance for Users Throughout the World

The growing popularity of Cryptocurrencies like Bitcoin has made it possible for hackers to find lucrative earning opportunities by hijacking your computer and using it for mining digital currencies.

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