Over the weekend, the start-up Obelisk Miner announced that it intends to cancel the production of the expected ASICs for Grin mining. Announced last February 2019, the company planned to bring to market at least three models of ASIC for mining Grin. The line-up should have been made up of the top-of-the-range device – the
The difficulty of bitcoin mining has risen above 20T for the first time in history. This parameter regulates the difficulty of the work that needs to be done to confirm blocks, so that on average one block is mined every 10 minutes or so. Due to the strong increase in the value of BTC in
In the last three weeks, revenues from bitcoin mining have grown significantly. In fact, profitability has more than doubled from $0.17 per THash/s per day on July 27 to over $0.4 in mid-August. Two factors influenced these increases. The first is undoubtedly the increase in the price of bitcoin, which has risen by 35% since
Several times in recent months China has expressed its willingness to ban cryptocurrency mining on Asian soil. Currently, in fact, most of the mining farms are located in China where, thanks to the very low or even zero cost of electricity, have allowed miners to obtain substantial income, even when bitcoin had sunk below $4,000.
Bitcoin has broken $21,000.According to Coingecko data, BTC was valued at $21,083 at 12:59 a.m. UTC on Jan. 14. Its market cap was $403 billion. That change represents a 12% increase in 24 hours.Bitcoin prices for Jan. 13-14 via CoinGecko (time in PST)Data also shows that $245 million of shorts have been liquidated over the
In episode 11 of the Go Full Crypto podcast, we decided to talk about a question that we get asked a lot. Is it even practical to spend your cryptocurrency? Can you actually go throughout your day and spend cryptocurrency like you would regular cash? You are able to do this today in any part
In the last few hours the figure that immediately appears as an interesting indication, as well as the most followed and awaited, is the crash of the Bitcoin hashrate that, after remaining close to the highest historical levels, falls and drops by about 30%. Thus, a little more than three days after the long-awaited historic halving
Bitcoin (BTC) began the year risk-off — as seen in the Futures Open Interest (OI) Crypto-Margined metric displayed below.Bitcoin: Percent Futures Open Interest crypto-Margined metric – Source: Glassnode.comThe decline in BTC Futures OI percentage seen from July 2021 into 2022 portrayed a recovery into a risk-on narrative throughout 2022. However, starting at almost the lowest
A couple of days ago, Sweden’s Minister for Energy Khashayar Farmanbar said that the country needs energy for more useful things than Bitcoin mining. This was reported by Bloomberg, citing statements provided by Farmanbar during an interview. Energy consumption for Bitcoin mining The curious thing is that, globally, Bitcoin mining consumes less than other really
A few hours ago Bitmain, a famous company dedicated to the development and marketing of mining products, announced the next World Digital Mining Summit 2019 (WDMS), which will be held from 8th to 10th October in Frankfurt. #Bitmain is officially launching the 2nd #WDMS the largest dedicated digital mining event of the year in Frankfurt
