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
A few days ago on BitcoinTalk, someone speculated that Bitcoin mining would no longer be profitable in the future. The analysis starts from the observation that whoever manages to mine a block currently cashes about $300,000. The future of Bitcoin mining and rules Since each block contains a little less than 3,000 transactions, they collect
A new draft of a bill to ban Bitcoin mining in New York State for two years was approved yesterday by members of the State Assembly’s Environmental Conservation Committee. The bill to ban Bitcoin mining in New York Bloomberg reports that the bill will establish a moratorium on Proof-of-Work mining operations. However, the proposal still
More bad news for the buyers of the Grin mining ASICs produced by Innosilicon. The company, in fact, announced today that it has again postponed the shipment of the first batch of products, which had already been postponed from October 2019 to December 2019, becoming now January 2020. Among the reasons given by the company
