Mining, particularly of Bitcoin, is often accused of consuming a great deal of energy. In fact, the consumption of electricity at a global level to be able to mine bitcoin is quite high, given the fact that the hashpower is constantly growing, but when compared with that of all the online services is actually very
Given that it is becoming increasingly difficult to mine bitcoin, how can you do it in 2021? Leaving aside the technical details, which are always the same, let’s focus on the feasibility and profitability of mining at this point in time. In fact, it is not at all guaranteed that bitcoin mining is a profitable
Bitcoin’s accessibility is directly correlated with its adoption. As the digital asset becomes more mainstream, buying, selling, and holding BTC becomes increasingly easier.Here’s a brief overview of some of the different ways you can buy Bitcoin in 2021 and emerging gateways that could broaden access even further.Peer-to-Peer NetworksThe most traditional way to buy Bitcoin is
The well-known company Blockstream has announced its service dedicated to mining, complemented by the company’s proprietary mining pool. The name of the product is Blockstream Mining and it is nothing more than an advanced housing service for those who already own dozens if not hundreds of ASICs. Like all classic housing services, Blockstream Mining provides
In recent days, the Bitcoin Cash (BCH) blockchain has been in the sights because a Twitter user has pointed out that 50% of the hashrate belongs to an unknown miner who has mined 21 blocks in 1 hour. 1/ After looking deeper into this issue, there is *enormous cause for concern* as the entity in
SPONSORED POST Looking for a way to earn money from Bitcoin mining? Everyone is, but not everyone can mine Bitcoin. That is because it needs a lot of money to invest in and time, and electricity to run the mining rigs. Therefore most people now mine using cloud mining rather than running their own mining
Over the past few days, the Ethereum hashrate hit a new all-time high, reaching a record high of 1.12 Phash/s for the first time. Ethereum mining sets new record for the hashrate According to daily data from bitinfocharts.com, the new record would have been touched on Friday 13, so the daily average exceeded 1.12 Phash/s.
Can new quantum computers mine bitcoin much faster than traditional ones? The answer is yes, but a clear distinction must be made between theory and practice. In fact, as Vitalik Buterin said a few months ago: “My one-sentence impression of recent quantum supremacy stuff so far is that it is to real quantum computing what
Glassnode data analyzed by CryptoSlate showed a significant trend difference between Bitcoin (BTC) and Ethereum (ETH) shrimp and crab cohorts.BTC fundamentals’ core narrative is the reason that so many investors believe in the asset — and buy regardless of the price. Evidence of this can be seen below as Shrimps (who hold one BTC or less)
A few days ago, a large number of ASICs related to the mining of the Bitcoin SV blockchain appeared, increasing its hashrate. They aren’t revealing their identity, by operating in an invisible way. The new hashrate on the BSV chain is identifiable thanks to the Bitcoin code, which records the hash power dedicated to mining
