Bitcoin Mining

Ocean, a Bitcoin mining pool backed by Jack Dorsey, has established its global headquarters in El Salvador. In the coming months, Ocean plans to bring awareness and training programmes around Bitcoin to the Salvadoran citizens.

Jack Dorsey, through his payments firm Block, has announced that the creation of its Bitcoin mining chip has been completed. Following months of research and development, Block has managed to create a 3nm Bitcoin mining chip.

Bitcoin halving, the software update that is designed to cut the amount of Bitcoin released from the network to compensate companies known as miners for validating transactions, has been completed. Most of the impact from the halving is expected to be on Bitcoin mining companies rather than the actual price of the cryptocurrency.

Bitcoin is gearing to undergo a halving event in the next few days. This process slashes the BTC rewards that miners earn to validate transactions on the blockchain by half – reducing their incentive to mine newer blocks rapidly. This slows down the addition of new tokens in circulation.

Norway is tightening its noose around crypto mining operations in the country. Over the last year, Norway emerged as one of Europe’s largest locations hosting crypto miners. The main incentive for miners to flock to Norway was the provision of affordable electricity.

Bitcoin miners are sprinting to sell portions of their BTC tokens to bag profits from BTC’s current raised prices ahead of the upcoming halving event. After halving, the block reward obtained by miners will be reduced in half, reducing their incentives for mining Bitcoin blocks and slowing down the addition of new tokens.

A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday.

The process of Bitcoin halving roughly happens every three to four years – that's how long it takes for 210,000 blocks to be mined on the Bitcoin blockchain. With the next halving just around two months away, market analysts predict the spike in price of Bitcoin, subsequently leading to the rate hikes for several other cryptocurrencies.

A single Bitcoin transaction could use the same amount of clean water needed to fill a garden swimming pool, according to a new study on the world's most popular cryptocurrency.

The value of top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered said on Monday, predicting the recent jump in its price could encourage bitcoin "miners" to hoard more of the supply.

Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...

The US is mulling on imposing a punitive tax on companies and individuals indulging in crypto mining in the country. Soon, the US could ask crypto miners to pay a tax equal to 30 percent of the total energy cost that they consume in mining cryptocurrencies.

Jack Dorsey is looking to introduce an application-specific integrated circuit (ASIC) to facilitate Bitcoin mining. This Bitcoin mining chip will be accessible by individual miners as well as new BTC mining firms, taking this facility out from the hands of a bunch of established Bitcoin mining firms.

The Enforcement Directorate (ED) on Monday conducted raids on firms connected with the HPZ Token, an app-based token that promised users significant gains by investing in mining machines for Bitcoin and other cryptocurrencies. Raids were conducted in Gurugram, Mumbai, and Bengaluru, and the ED announced that it had frozen Rs. 92 crore on Monday.

Intel on Tuesday announced it has discontinued production of its bitcoin mining chip series. The company has stopped making its Intel Blockscale 1000 Series ASIC, just a year after it was introduced, but says it will continue to support customers.

Ocean, a Bitcoin mining pool backed by Jack Dorsey, has established its global headquarters in El Salvador. In the coming months, Ocean plans to bring awareness and training programmes around Bitcoin to the Salvadoran citizens.

Jack Dorsey, through his payments firm Block, has announced that the creation of its Bitcoin mining chip has been completed. Following months of research and development, Block has managed to create a 3nm Bitcoin mining chip.

Bitcoin halving, the software update that is designed to cut the amount of Bitcoin released from the network to compensate companies known as miners for validating transactions, has been completed. Most of the impact from the halving is expected to be on Bitcoin mining companies rather than the actual price of the cryptocurrency.

Bitcoin is gearing to undergo a halving event in the next few days. This process slashes the BTC rewards that miners earn to validate transactions on the blockchain by half – reducing their incentive to mine newer blocks rapidly. This slows down the addition of new tokens in circulation.

Norway is tightening its noose around crypto mining operations in the country. Over the last year, Norway emerged as one of Europe’s largest locations hosting crypto miners. The main incentive for miners to flock to Norway was the provision of affordable electricity.

Bitcoin miners are sprinting to sell portions of their BTC tokens to bag profits from BTC’s current raised prices ahead of the upcoming halving event. After halving, the block reward obtained by miners will be reduced in half, reducing their incentives for mining Bitcoin blocks and slowing down the addition of new tokens.

A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday.

The process of Bitcoin halving roughly happens every three to four years – that's how long it takes for 210,000 blocks to be mined on the Bitcoin blockchain. With the next halving just around two months away, market analysts predict the spike in price of Bitcoin, subsequently leading to the rate hikes for several other cryptocurrencies.

A single Bitcoin transaction could use the same amount of clean water needed to fill a garden swimming pool, according to a new study on the world's most popular cryptocurrency.

The value of top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered said on Monday, predicting the recent jump in its price could encourage bitcoin "miners" to hoard more of the supply.

Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...

The US is mulling on imposing a punitive tax on companies and individuals indulging in crypto mining in the country. Soon, the US could ask crypto miners to pay a tax equal to 30 percent of the total energy cost that they consume in mining cryptocurrencies.

Jack Dorsey is looking to introduce an application-specific integrated circuit (ASIC) to facilitate Bitcoin mining. This Bitcoin mining chip will be accessible by individual miners as well as new BTC mining firms, taking this facility out from the hands of a bunch of established Bitcoin mining firms.

The Enforcement Directorate (ED) on Monday conducted raids on firms connected with the HPZ Token, an app-based token that promised users significant gains by investing in mining machines for Bitcoin and other cryptocurrencies. Raids were conducted in Gurugram, Mumbai, and Bengaluru, and the ED announced that it had frozen Rs. 92 crore on Monday.

Intel on Tuesday announced it has discontinued production of its bitcoin mining chip series. The company has stopped making its Intel Blockscale 1000 Series ASIC, just a year after it was introduced, but says it will continue to support customers.