Press "Enter" to skip to content

Posts published in “Mining”

Report: The Biggest Crypto Bears Are Selfish Chinese Miners

Many have been wondering which group represents the majority of crypto bears recently as prices keep plummeting. Those that got into crypto within the last year have likely fled the scene with tails between their legs and burnt fingers. That leaves long term hodlers, institutional investors, and Chinese crypto miners. Chinese Miners Playing the Short...

The post Report: The Biggest Crypto Bears Are Selfish Chinese Miners appeared first on NewsBTC.

Bitmain IPO in ‘Death Spiral’? Rumors Of $740M Q3 Loss as Bitcoin Cash Crashes

Death Cross

Fresh rumors over the financial health of Bitcoin mining giant Bitmain cast a shadow over the company again this week, suggesting it faces losses close to $1 billion. Bitmain’s Worst Quarter? Originally reported by the Twitter account known as BTCKING555 December 3, the author of which almost exclusively tweets about Bitmain, unreleased quarterly earnings data for Q3 2018 allegedly reveals $740 million losses. If true, the giant cash hemorrhage would mark Bitmain’s worst quarter on

The post Bitmain IPO in ‘Death Spiral’? Rumors Of $740M Q3 Loss as Bitcoin Cash Crashes appeared first on Bitcoinist.com.

Bitcoin Holds Steady Around $4,000, Cost of Mining Continues to Drop

Following yesterday’s market turbulence that sent the cryptocurrency markets down towards their 2018 lows, Bitcoin appears to have established the $4,000 region as a level of support. Some analysts expect that the cost of mining may be playing a role in the current market conditions. At the time of writing, Bitcoin is trading up over 3%...

The post Bitcoin Holds Steady Around $4,000, Cost of Mining Continues to Drop appeared first on NewsBTC.

Argo Blockchain Sees 146% Increase in Crypto Mining Package Sales

A shattered crypto market has not deterred miners from purchasing crypto mining software packages, revealed Argo Blockchain. The U.K.-based Mining-as-a-Service (MaaS) firm noted a 146% jump in its sales between October 1 and December 4 after selling a new batch of packages. It led the company to beat its January 2019 sales targets ahead of...

The post Argo Blockchain Sees 146% Increase in Crypto Mining Package Sales appeared first on NewsBTC.

Vertcoin 51% Attack Could Have Caused $100K in Double Spending

Vertcoin 51% attack

Vertcoin has been experiencing ongoing 51% attacks, reportedly resulting in $100K of double spending on the network.  Rough Couple of Months for Vertcoin In a detailed blog post, Coinbase security engineer Mark Nesbitt revealed that Vertcoin’s network went through repeated 51% attacks, with the largest reorganization having a length of 310 blocks and a depth of 307 blocks which, according to the specialist, may have caused double spends upwards of $100,000. The incidents started in

The post Vertcoin 51% Attack Could Have Caused $100K in Double Spending appeared first on Bitcoinist.com.

It’s Now Easier (And More Profitable) to Mine Bitcoin After Difficulty Drop

Former Alcoa Smelting Factory Turns To Crypto Mining In Upstate NY

As Bitcoin mining hash rate has decreased amid lower prices, the mining difficulty has adjusted by design, making it easier to mine bitcoin.  Bitcoin mining difficulty adjusts to lower price For most of 2018, while the bear market persisted, mining hash rate and difficulty for Bitcoin continued to increase. Now it appears that the mining arena just like most of the ecosystem is beginning to feel the pinch. Data from Blockchain.com shows a 15 percent

The post It’s Now Easier (And More Profitable) to Mine Bitcoin After Difficulty Drop appeared first on Bitcoinist.com.

US Mining CEO: Bitcoin Miners Are Being Flushed Out of the Market

The CEO of one of the largest cryptocurrency mining firms in North America says miners are being flushed out of the market after Bitcoin’s latest price drop. Bitcoin Mining No Longer Profitable, Miners Exiting En Masse While November has typically been among the most profitable months for Bitcoin investors in the past, this November led...

The post US Mining CEO: Bitcoin Miners Are Being Flushed Out of the Market appeared first on NewsBTC.

New Report Finds 80% of Bitcoin Mining Running on Renewable Energy

Bitcoin mining Renewable Energy Trading Comes to Thailand – Power Ledger and BCPG Setting the Pace

A new report from CoinShares into Bitcoin mining suggests the practice is likely loss-making for the majority of miners at current prices. Average Miner ‘Running At A Loss’ In a ‘whitepaper’ which received high praise from cryptocurrency figures, CoinShares examined various facets of mining, which has seen increased prominence in recent weeks as Bitcoin price dropped to lows of $3500. “Among our findings is an estimate that since May, the market-average, all-in marginal cost of

The post New Report Finds 80% of Bitcoin Mining Running on Renewable Energy appeared first on Bitcoinist.com.

Mission News Theme by Compete Themes.
Disclaimer: The Site aggregates syndicated web content which is relevant to our audience and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice.