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Miners

High-Powered Mining Rigs Drive Bitcoin’s Accelerating Hashrate

<header class=”article__header”> </header> <strong>On August 19, the combined SHA-256 hashrate between the <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> and <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant …

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Btc.top CEO Highlights the Benefits and ‘Golden Mean’ of Bitcoin Cash

<header class=”article__header”> </header> <strong>On July 23, the CEO of Btc.top, Jiang Zhuoer, debated Nchain’s chief scientist Craig Wright in regard to the civil war between <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> and <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BSV” target=”_blank” rel=”noopener noreferrer”>BSV</a> that took place in November. Amid the debate hosted by Bitkan, Zhuoer highlighted the top three advantages …

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How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste

</header> <strong>We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining is actually helping electricity producers prevent energy …

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Market Outlook: Crypto Bulls Rally After Bearish Downturn

<header class=”article__header”> </header> <strong>Since July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic on where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend. <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> and a slew of other currencies spiked …

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Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status

</header> <strong>Cryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation to free crypto-fiat transactions …

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Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned

<header class=”article__header”> </header> <strong>According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Iranian economy.</strong> Also read: Bitcoin Miner …

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Confronting Bitcoin Network Issues Using Nakamoto Consensus and a Mining Parliament

<header class=”article__header”> </header> <strong>On June 28, Bitcoin Cash proponent Javier Gonzalez announced the launch of an interesting protocol called the Bitcoin Mining Parliament (BMP). The theory behind BMP is backed by the concept of Nakamoto Consensus where “miners are the executive power of Bitcoin” and “any needed rules and incentives can be enforced with this …

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Study: Publicly Listed Chinese Firms Quietly Participate in Bitcoin Mining

<header class=”article__header”> </header> <strong>According to regional reports, a few publicly listed Chinese companies have been secretly mining bitcoin by pretending to provide cloud or web hosting services. Moreover, recent studies have revealed a growing trend of mystery miners processing the <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> and <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> networks at …

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Honest Nodes Spoiling a Theft Attempt Is Not a 51% Attack, BCH Devs Detail

<header class=”article__header”> </header> <strong>A number of Bitcoin Cash detractors and media publications have recently been spreading a false narrative that the <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> network was ‘51% attacked.’ In reality, however, honest nodes used their hashrate to stave off attacker nodes that were attempting to steal funds on the network.</strong> Also Read: …

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Traders Are Now Banned From Using Localbitcoins Exchange in Iran

<header class=”article__header”> </header> <strong>Traders from Iran have been banned from using the peer-to-peer trading platform Localbitcoins.com within the country. The Iranian section of the website displays a short message that states that the exchange is “currently not available.” The news follows significant Iranian rial trade volume on the Localbitcoins platform, which has been climbing steadily …

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