With what is happening in New York State, US, where they are about to ban Proof-of-Work (PoW) based Bitcoin mining, how likely is it that something similar could happen in Europe? Does Bitcoin in Europe have the same fate as in the US? The MiCA has already blocked the Bitcoin mining ban in Europe, but
Bitmain’s board of directors has removed Micree Zhan from all corporate roles. This is what can be read in a tweet from Blockstream’s CSO, Samson Mow, who shares two images in Chinese that would confirm what happened. In fact, the removal would have happened as early as last year, on October 28th, 2019, and now
How is it possible to mine Dogecoin? Dogecoin is a minable cryptocurrency, based on Proof-of-Work, but does not use the same algorithm as Bitcoin. In fact, similar to Litecoin, it uses scrypt, which is a mining algorithm that requires different equipment and software, which allows Dogecoin miners to mine LTC as well. On average, a
Blocks on the bitcoin blockchain have a maximum size limit. The current single block size limit is 1,000,000 bytes (1 MegaByte), although with the introduction of SegWit some of the data of which transactions are composed will not fit within this limit. Virtually unlimited number of Bitcoin transactions SegWit separates the so-called “witnesses” from the transaction
The home state of The Big Apple is known to have always been a leader in the regulatory arena, and it is perhaps this that most directs the attention of industry insiders, given the direction being taken by a controversial bill that could change the economy and the health of American citizens. The new bill
The President of Abkhazia, Aslan Bzhania, revealed during a press conference that abkhazian authorities have seized 6,000 cryptocurrency mining machines. The region offers miners affordable fees and low energy spending Cryptocurrency mining activities in Abkhazia are banned until March 2022, due to the increased load they generate on the power grid and the electricity shortages
As reported by a local media, the Iranian government, through the Power Generation, Distribution and Transmission Company (Tavanir), closed 1100 Bitcoin farms that operated illegally in Iran, and therefore did not have the necessary licenses to work in the sector. The same official Mostafa Rajabi Mashhadi said: “Some miners install equipment at industrial and agricultural
Cryptocurrency miners in Russia appear to be unbothered by the ongoing crisis of crypto mining as the local demand for mining hardware has reportedly been on the surge in Q4 2022.Some crypto mining hardware distributors in Russia have faced a significant spike in demand for mining-designed application-specific integrated circuit (ASIC) chips, the local news agency
Looking at the data published by data provider BTC.com, we can see that the Bitcoin hashrate has decreased four times in a row from 179.25 Eh/s to 97.87 Eh/s in the period from 13 May to 17 July. This significant change is due to the continued decline in the difficulty of mining new BTC, which
The year 2022 marked the start of a new crypto winter, with major crypto companies collapsing and digital currency prices plummeting, including Bitcoin. In addition, interest rate increases and general economic negativity are causing investors to worry.The fundamentals of Bitcoin remain strong despite all of these. Let’s take a look at some of the Bitcoin
