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
1: Hot Custodial Wallets (Exchanges)Exchange based wallets are the most common types of wallets that people are exposed to first. Not many exchanges take the time to explain this to new users though. Which is where Go Full Crypto comes in. We help people understand the pros and cons of using one service/wallet over another.
Exceeded 1.1 Ph/s for the first time in history, the highest level ever reached by the Ethereum hashrate. The PoW protocol and the Ethereum hashrate The value of the hashrate for mining Ethereum (ETH) has reached a new all-time high For now, Ethereum’s blockchain is still based on Proof-of-Work, so ETH is still being mined.
As reported by a local media, a police racket took place in China that led to the arrest of 15 people who had infected an impressive amount of computers at Internet cafés: over 9000 devices, resulting in the illegal mining of nearly $14 million in crypto. The investigation had begun last year when the security
