News has spread that Russian cryptocurrency experts have created an efficiency standard for crypto mining in Russia by which this activity could be allowed. Crypto mining in Russia Russia’s relationship with cryptocurrencies has always been very complex. The latest sensational news in this regard comes from a recent statement by the Finance Committee of the
In this section, we will analyse the functioning of some of the mining algorithms (Proof of Work) used by some altcoins. More specifically, the ones to be examined include Equihash, used by ZCash, and Blake2b, currently used by SiaCoin. Other Proof of Work algorithms discussed include the latest X16R and X16S, used by RavenCoin and
We’ve all made mistakes, but not everyone talks about them openly. Here at Go Full Crypto, this is exactly what we are all about. We like to talk about our mistakes so that you don’t have to make the same ones. In episode 21 of Go Full Crypto, Mrugakshee and I discuss some of the
Bitmain, a leader in the field of mining hardware production, has entered into a partnership with Riot Blockchain, for the purchase of 8 thousand new Antminer s19 Pro that will provide 110 Th/s. This investment has been made from a long-term perspective, as this model is currently sold out and will be put back on
Bitcoin mining: Nineteen millionth Bitcoin was mined over the weekend. Bitcoin mining: we are about to hit the ceiling In fact, at the time of writing this article, a total of 19,002,284 BTC have been created, whereas until last Friday there were less than 19 million. The main financial feature of BTC is the insurmountable
Over the last few months, the community of Monero has been strongly discussing the currency’s new Proof of Work mechanism called RandomX. This Proof of Work is expected to make its debut in the Monero protocol next October during the classic six-monthly update fork and it currently offers interesting performances on the new AMD Ryzen
Throughout 2021, many Bitcoin miners have literally fled China. Bitcoin miners fleeing China Until last year, including the first months of 2021, many Bitcoin mining machines were physically located in China, so much so that it was estimated that a very significant percentage of the hashrate was located in the Asian country itself. However, it
According to a German technology news site, Sweden, in consultation with the European Commission, is considering vetoing Proof of Work mining. European Commission and Sweden to ban Proof of Work Sweden is once again in the running to ban Bitcoin and other PoW crypto mining According to a report published by netzpolitik.org, a German website
After the news of the collapse of Bitcoin’s hashrate on September 24th, everything is back to normal. The collapse had brought the hashrate from 98 ExaHash/s to a low of 55 to 60 ExaHash/s in just 24 hours, with a drop of almost 40% in a single day. Now, however, it is back above 90
In the days following the halving, there has been an initial substantial drop in the Litecoin hashrate. The litecoin network lost about 20% of the total hashrate in about 72 hours, leading to a rapid decline in the mining difficulty of the currency. The famous litecoin halving took place successfully on Monday, August 6th, causing
