Iran decided today to issue a ban on bitcoin and cryptocurrency mining for four months. This is reported by Reuters, which cites words spoken by President Hassan Rouhani on TV during a cabinet meeting: “The ban on the mining of cryptocurrencies is effective immediately until September 22 … Some 85% of the current mining in
2022 was a bad year for the crypto markets, but certainly not for the hashrate of Bitcoin mining. Indeed, the Hashrate Index 2022 Bitcoin Mining Year in Review report states that although 2022 was like a reverse 2021, Bitcoin hashrate grew by 41%, up from +18% in the previous year, “as if to spite the
NiceHash said it has fully unlocked the hashrate unleashed by Nvidia’s Lite Hash Rate (LHR) series GPUs. NiceHash has successfully unleashed the locked computing power for millions of people worldwide! We are the first to FULLY UNLOCK NVIDIA's LHR!! ? You're welcome ?https://t.co/a3dmSyPEQQ — NiceHash (@NiceHashMining) May 7, 2022 NVIDIA RTX series unlocks new hashrate
It’s no secret that bitcoin investors tend to be much younger than more traditional investors. A recent survey by Charles Schwab UK found that most crypto assets were traded by people under the age of 40 and half of Britain’s youth had traded these assets at some point. This trend may apply across the world
After a disappointing 2020 in terms of earnings for Bitcoin miners, 2021 looks to be one of the most profitable years yet. Records for the earnings of bitcoin miners In March, in fact, there was an all-time record for earnings for this business with over $1.75 billion in gains, while in April, the second most
Last year’s ban on Bitcoin mining in China had brought the country’s overall hashrate to virtually zero. The history of Bitcoin mining in China After an initial period of fear, Chinese miners slowly started to turn their machines back on, especially in cases where they could easily keep them hidden. Despite numerous initiatives by the
At the end of March, an excerpt from a Microsoft patent was published, referring to a system for mining cryptocurrencies through body activities. The patent, registered under code WO 2020060606, was applied for by Microsoft Technology Licensing LLC (MTL) of Redmond, the Microsoft Group company that owns the vast majority of patents previously owned by
The latest recent increase in Bitcoin mining difficulty was the highest since January. The increase occurred yesterday, and it went from 28.35T to 30.97T. The current level is not the highest ever, but it is not far from the all-time high of 31.25T in mid-May before the cryptocurrency markets collapsed due to the implosion of
One of the things we hear from our audience on a regular basis, is the question, “Is it too late to buy bitcoin”? We hear this question in several different forms such asI wish I got into bitcoin soonerI don’t want to buy bitcoin now, its too highIt doesn’t look like its going anywhere, bitcoin
In recent days the Chinese region of Sichuan, one of the areas with the highest concentration of bitcoin mining operations as a result of the numerous dams scattered throughout the country, has been hit by a number of flash floods caused by heavy and prolonged rainfall. As a result, landslides have hit some of the
