Solana co-founder: Bitcoin will lose users if Proof-of-Stake is not implemented
The Proof-of-Work (PoW) consensus mechanism is a ground-breaking concept in blockchain technology. It entails mining coins to validate transactions, and indeed, it…
Browsing Tag
Mining
The US imposes sanctions on a Russian crypto mining company
The U.S. Treasury Department announced in a new press release that it was taking action against companies in the Russian mining sector.U.S. and Russian miners
…
Crypto mining may allow Russia to bypass sanctions, says IMF
According to a new report from the International Monetary Fund, sanctioned countries such as Russia may be able to mine cryptocurrency in order to escape economic…
Ripple’s Chris Larsen sponsors Bitcoin to PoS campaign
Ripple co-founder and business angel Chris Larsen is funding a campaign to revise the bitcoin code. A consortium of environmental groups will use Larsen's funds to…
A new Antminer chip – Antminer S19 XP Hybrid – is unveiled by Bitmain
Bitcoin's leading ASIC manufacturer, Bitmain, recently announced a new excavator. It is even more powerful than its predecessor. Model - Antminer S19 XP Hybrid -…
Hive will purchase new Intel ASICs for high-performance computing
The HIVE Blockchain Technologies Company (HIVE) announced today that it had signed an agreement with Intel Corporation for the supply of new high-performance ASICs.…
Genesis Digital bitcoin mines will run on 100% clean energy
Genesis Digital, a cryptocurrency mining company, is building a bitcoin mine that will be powered by 100% clean energy.Environmentalists have been talking about…
The EU is not in favor of a ban on cryptocurrency mining
There is no ban on mining in the EU's plans for cryptocurrency regulation.The European Union Parliament is delaying a vote on legislation aimed at regulating…
Lightning network capacity reached record levels
Bitcoin has been performing poorly over the last week. Despite this, the number of coins blocked on the Lightning Network continues to grow and surpass previous…
13 cryptocurrency mines in Kazakhstan have been shut down
Kazakhstan's Ministry of Energy has shut down thirteen cryptocurrency mines. Mining has recently become a popular industry in the Asian country, which is part of…