According to research by BlockchainAnalytics.pro, Bitcoin’s energy consumption in 2019 exceeded that of the whole of New Zealand. Blockchain Analytics estimates that 2019 ended with an average annual electricity consumption of about 43 TWh, which is slightly more than New Zealand’s annual demand, and slightly less than that of Portugal (49 TWh), Romania (50 TWh)
Rumours from insiders have indicated that the date of the famous IPO (Initial Public Offering) of the Chinese mining company, Canaan, is scheduled for November 20th. Canaan Creative, as mentioned, is a company that produces computer hardware and was founded in 2013 by Zhang who, over time, has decided to specialise in the production of
Chinese manufacturer of Bitcoin miners Ebang announced losses of nearly $7 million in the first half of 2020. In fact, the measures taken to contain the coronavirus pandemic had a major impact on the company’s production capacity this year, causing a reduction of terahash per second (TH/s) of hashpower sold by 86% compared to the
Bitcoin mining company Greenidge Generation Holdings is being listed on the Nasdaq. This was revealed in a document filed with the SEC announcing a merger between Greenidge and Support.com. Greenidge Generation Holdings and new sustainable energies The official document states that Nasdaq-listed company Support.com (SPRT) has announced an update regarding its merger with Greenidge. The
Today there has been a sudden and significant increase in the Bitcoin hashrate. According to CoinWarz data, yesterday the hashrate had dropped to 110 EH/s, while today it peaked at over 164 EH/s, which is equivalent to a 49% growth in a single day. However, today it did not remain constant on that figure, so
At a time in history when the crypto market is in the midst of an adolescent crisis between marketplaces that are jumping and a Bitcoin that is holding its own despite the situation (showing great strength and solid foundations) mining remains a tool that knows how to attract resources but there are also those who
On August 5th Litecoin (LTC) halving took place, which resulted in the halving of the prize for each block mined by the miners. Immediately after the event, Litecoin’s hashrate quickly collapsed by 40% in just a few weeks, drastically lowering Litecoin’s mining difficulty. A little over a month after halving, however, it seems that the
Disclaimer: This is a sponsored press release. Readers should conduct their own research prior to taking any actions related to the content mentioned in this article. Learn more ›Gibraltar, Gibraltar, 12th January, 2023, Chainwire — Cimu Games has announced that it is using Ready Games’ web3 game development tools to re-release its million-selling Runestone Keeper.
Cloud mining has been the focus of strong debate for years. Protagonist of a large number of scams, it has been criticized by many and appreciated by few. Cloud mining involves the extraction process using a remote data centre with shared processing power. This type of mining allows users to extract bitcoin or alternative cryptocurrencies
Long gone are the days when mining was the forte of the affluent tech-savvy. Today, anybody can participate in mining and generate passive income, thanks to cloud mining. It opens up the crypto mining industry to everyone, regardless of their technical and financial background. Cloud mining allows you to mine cryptocurrencies without managing the hardware
