Tag: mining

NewsbTC ConnectBTC Mining Pool

Singapore Mining Rig Manufacturer Reports Massive Surge in Sales No Comments

A small mining rig manufacturer in Singapore has reported a huge surge in sales in recent months. Dexter Ng of Mining.sg estimates that the company has gone from selling around 15 rigs each month in July to now selling over 100. He told Channel News Asia: Customers come in and order 50 rigs on their own. Compared to last time, probably one person only buys one or two. Now we get customers who buy...


Global Network Hashrate Turns Against Bitcoin Cash Once Again No Comments

Things have been rather uneasy in the world of cryptocurrency this weekend. Bitcoin Cash had a good run, but things are slowly coming to an end. Most of the mining power is also coming back to Bitcoin as we speak. With BCH being more difficult and less profitable to mine, a crisis is seemingly averted. This doesn't mean Bitcoin it out of the woods entirely, though. This tense situation will firmly...


NewsBTC SLushpool Bitcoin mining

Slushpool Overtakes AntPool to Become the Largest Bitcoin Mining Pool No Comments

Some interesting changes are happening in the world of Bitcoin mining pools. With the hashrate dropping in favor of BCH, rankings of pools are shaken up as well. Slushpool is now the biggest Bitcoin mining operation open to the public. They generate over 20% of all blocks, which puts them ahead of AntPool, An interesting development, especially when considering what this means for the future. F...


Cryptocurrency Chia Seeks to End Huge Electricity Demands of Bitcoin No Comments

As brilliant as a tool for financial empowerment as it is, Bitcoin isn't terribly environmentally friendly. It's been estimated by Alex de Vries at Digiconomist that with BTC priced as it currently is, it would be profitable for miners to consumer 24 terawatt-hours in power every year. Put another way, more electricity than the entire state of Nigeria and its 186 million inhabitants use per annum....


bitcoin mining, miners, blockchain,

Could Crypto Mining Provide a Low Cost Heating Solution? These Two Inventors Think So No Comments

People living in colder countries will know the dread of the heating bill's arrival all-too-well. However, two enterprising men from Siberia have figured out a way to not only heat their home for free but to actually make money out of it. Using the heat generated from cryptocurrency miners, the pair have been testing out what appears to be the world's very first Bitcoin heating system. To secur...


Mining Profitability may Permanently Turn in Favor of Bitcoin Cash No Comments

Cryptocurrency miners are always looking for the most profitable coin. For a lot of people, that has been Bitcoin, as far as SHA-256 mining is concerned. As of right now, it is far more profitable to mine Bitcoin Cash. According to Fork Lol, this situation may continue for quite some time to come. Given the SegWit2x drama on the horizon, a lot of things will change by the look of things. A lot ...


NewsBTC Bitcoin Cash Mining

Samsung Create Mining Rig From “Upcycled” Handsets No Comments

In a break from tradition, one of the planet's leading tech-manufacturers are attempting to show that there's life remaining in their products, even after most users have deemed them obsolete. At their recent developer's conference, Samsung debuted a range of ways consumers could re-purpose their older devices. Known as the C-Lab, the team of visionaries showed off a facial recognition unit create...


Wall Street Downplays Cryptocurrencies after Granting Lower Ratings to AMD and Nvidia No Comments

The Wolves of Wall Street have been stirring the crypto pot again this week by downgrading ratings for chipmaker Advanced Micro Devices (AMD). Citing a faltering cryptocurrency market and a decline in demand for mining in 2018, Morgan Stanley reduced its ratings from equal-weight to underweight for the California based semiconductor giant. The results were instant, a 9% fall in AMD stock prices fo...


British Company TalkTalk Hacked. newsbtc bitcoin news

Malicious Actors Hack Android Apps to Mine Cryptocurrencies No Comments

With Bitcoin price at an all-time high, a seemingly unquenchable thirst for cryptocurrencies brings a dark side to the industry. Researchers this week discovered hidden code that secretly mines coins on Android devices from apps in Google Play. Security Company Trend Micro revealed in a blog post on Monday that they had exposed malicious mining code that harnesses computing power without the userÔ...


bitcoin russia, bitcoin ban, bitcoin issues

Putin Sets Timeline for ICO and Mining Regulation No Comments

Russian President Vladimir Putin has laid out a timeline within which regulation should be drawn up by Moscow lawmakers covering both initial coin offerings and cryptocurrency mining. According to  domestic newspaper RNS, Putin made the announcement on Tuesday following a meeting devoted to digital technologies in the financial sphere. The President instructed the Kremlin to prepare amendments t...


SUBSCRIBE TO OUR NEWSLETTER