Proof-of-Work infrastructure
Mining operations, hashrate, difficulty and the infrastructure that secures Proof-of-Work networks.
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Transaction validation and Bitcoin mining are distinct yet vital processes protecting the integrity of Bitcoin. In the Bitcoin blockchain, nodes validate transaction blocks. After that validated blocks are sent to miners who verify them. Read this article to learn more about the difference between mining Bitcoin and va
Michael Ho Set to Receive $135M in Damages The most dominant crypto mining firm by market cap, Marathon Digital, was fined $135 million earlier this week following a court verdict that showed the company breached a non-circumvention or non-disclosure agreement. The complainant, Michael Ho, who is currently the Chief St
While blockchain technology promises transparency, security, and immutability, several networks have come under 51% attacks in the past. These attacks are executed by malicious entities, which seek to control over 50% of a particular network’s hashing power. When they do, these entities can manipulate the blockchain an
An individual crypto miner used a device with a computational power of only 500 Gh/s (gigahashes per second) to generate a block on the Bitcoin blockchain on Wednesday evening. The news was first shared on X by Altair Technology, a leading retailer of Bitcoin mining devices. Altair Technology Reveals Mining Device Used
A recent article published by Bloomberg has revealed that Bitcoin miner Cipher received a takeover bid earlier this week and is now considering a sale. Bloomberg claimed that the miner’s leadership is engaging with various advisers on the matter but may still decide not to sell. Following the news, Cipher’s stock CIFR
Illicit Crypto Mining in Malaysia Illegal cryptocurrency miners in Malaysia have stolen electricity worth more than $720 million over the past five years, according to Malaysian Deputy Minister for Energy, Akmal Nasir. The executive officer was speaking during an event where over 2,000 seized items, including crypto mi
Bitfarms Names Ben Gagnon as New CEO According to an announcement released on July 8th, Bitfarms has a new leader. The Bitcoin mining company revealed Ben Gagnon as the new CEO after working as chief mining officer for four years. On the day of the announcement, Riot Platforms, a mining firm that holds majority shares
As the crypto space continues to become popular, bad actors have created malware to steal computational power from entities and individuals through cryptojacking. In this article, we will explain everything you need to know about cryptojacking and how to minimize the chances of being attacked by perpetrators. Cryptojac
Crypto mining firm Marathon Digital has disclosed mining $16 million in Kaspa since last September in an effort to diversify from BTC. In its latest statement, the company argued that the move will boost its revenue by significant margins in the future. Marathon Digital Plans to Deploy Additional Kaspa Mining Machines
Back when crypto mining was relatively cheap, several websites were created, allowing miners to mint new Bitcoin. As mining difficulty increased, these websites ceased operations due to stiff competition from mining firms that used powerful equipment. However, browser-based mining appears to have made a comeback in rec
CleanSpark’s Latest Acquisitions On Friday, crypto mining firm CleanSpark announced it had signed a contract to buy five mining farms in Georgia. Per the company’s statement, the $25.5 million deal is financed with cash and is expected to close soon. The five mining facilities will generate a combined processing power
Bitcoin mining stocks rose by over 10% on Wednesday following a promise by former US president Donald Trump that he would support crypto mining activities when he ascends to power. Speaking to top executives of various crypto mining companies, Trump said he wants the remaining BTC to be mined in the United States. Foll
Since the start of the year, crypto mining games have gained massive traction among gaming fanatics. But what are they? Well, this article has the answers to that question. Read on to learn more about crypto mining games and the best options available on the market today. Understanding Crypto Mining Games Simply put, a
Bitcoin mining firm Bitdeer has announced its “SEAL04” chip, set to power in the recently rolled out Sealminer rig. According to the company’s technology roadmap, the chip will be launched in May 2025 and is expected to attain energy efficiency of 5 J/TH (joules per terahash). Bitdeer says the released roadmap is inten
All proof-of-work blockchains require miners to follow certain rules when validating transactions. Mining algorithms guide the miners. In this guide, we will discuss the CryptoNight mining algorithm. Keep reading to learn more. Understanding Proof-of-Work (PoW) Consensus Algorithm PoW consensus algorithm is adopted by
Bitcoin mining pool Ocean Mining, which is backed by former Twitter CEO and founder Jack Dorsey, has announced that it’s moving its headquarters to El Salvador, a crypto-friendly country. Per the announcement made on May 31st, Ocean Mining will be headquartered in San Salvador City. In a statement, Ocean Mining boss Ma
Ten Mining Companies Secure $2 Billion in Funding BlocksBridge Consulting’s latest report shows that ten publicly traded Bitcoin mining companies secured over $2 billion before Bitcoin halving, which took place on April 20th. The crypto research company said in a statement that the funds were meant to protect the miner
Bitcoin miners and Bitcoin nodes are two vital elements of the Bitcoin ecosystem. While many use the terms interchangeably, they have major differences, which we seek to discuss in this article. So, stick around! Bitcoin Node Explained A node is a computer that runs the Bitcoin software on the network and stores blockc
Bitcoin mining is known for being an expensive venture, requiring miners to invest millions of dollars into setting up mining rigs. However, that might no longer be the case thanks to GoMining, a crypto mining company that seeks to lower barriers to entry to make mining more accessible. Mark Zalan, the GoMining CEO, sp
New BTC coins enter the circulating supply through a process known as crypto mining. The entities participating in mining are called miners. Their primary work is to search for a special code that confirms a particular block of transactions to ensure it contains genuine transactions. These miners are then rewarded with
Core Scientific’s Revenue Report Leading Bitcoin mining company Core Scientific announced on Tuesday that its total revenue for the first quarter of this year hit $179 million. By comparison, the firm posted revenue of $58 million during the same period last year. Of the $179 million, $150 million came from Core Scient
The Bitcoin halving finally happened. The event reduced miner rewards to 3.125 BTC. Are you still interested in venturing into crypto mining? If so, there are a few terms that you might want to understand first before committing any funds. One of them is a nonce. In this article, we will explain everything you need […]
Bitcoin halving is a significant event in the cryptocurrency world. When it happens, mining rewards are reduced by 50%. Historical data indicates that the previous halving occurrences have had a great impact on the demand and supply mechanics and Bitcoin’s price. Since BTC went live in 2009, three halvings have happene
Bitcoin, the world’s oldest blockchain, allows its community to participate in various activities, from inscribing NFTs to mining. Are you looking to take part in network activities on Bitcoin? If so, stick around! We will teach you how to set up a Bitcoin node on your computer. Bitcoin Node Defined While all miners ar
The rising temperatures in Paraguay have led to air conditioners running at full throttle. This scenario has endangered the country’s power grid as demand for electricity continues to grow. To tackle this problem, several Paraguayan lawmakers tabled a bill early this week targeting crypto miners. The Proposed Bill The
Mining is an important process on any blockchain. It helps confirm the legitimacy of all on-chain transactions. Parties that participate in mining usually use ASICs and central processing units. However, Helium has made it possible for people to use their smartphones to engage in crypto mining. If you wish to participa
All proof-of-work blockchains have their own genesis blocks. But what do these blocks mean? Keep reading this article to learn more about genesis blocks. Genesis block Defined The genesis block is typically the first block ever produced on a proof-of-work blockchain. Notably, it does not require a conventional mining p
Many analysts are predicting a bull run in 2024. This prediction has prompted most crypto users to start considering mining proof-of-work cryptocurrencies at home. Although mining Bitcoin may not be suitable for solo miners due to increased difficulty after halving, there are numerous other digital currencies you can m
Marathon’s Latest Purchase Crypto mining company Marathon announced on Monday that it had struck a deal with Applied Digital to buy a 200-megawatt Texas-based Bitcoin mining facility for $87 million. Per the deal, Marathon is set to finance the purchase in cash. A blog on Marathon’s website states that the new acquisit
Is mining cryptocurrencies worth it in 2024? Many continue to ask themselves this question as crypto mining costs increase daily. There are several Graphics Processing Units, famously known as GPUs, that allow people to mine digital currencies efficiently. In this article, we will take a look at some of the leading GPU
If you have been in the crypto space for some time, you’ve probably heard the term “block reward.” But what does it actually mean? Well, we have the answers for you. Read on to learn more. Defining a Block Reward A block reward can be defined as the payments given to a crypto miner for […]
Riot Platforms’ Latest Report In a report released on February 23rd, Bitcoin mining company Riot Platforms said its BTC output rose by 19.% in 2023 after mining 6,631 coins. Moreover, the firm recorded an uptick in yearly revenue, primarily because of the increase in Bitcoin price last year compared to the previous yea
Several companies are aiming to simplify Bitcoin mining. Among them is GoMining. In this article, we will discuss how GoMining is revolutionizing Bitcoin mining. Keep reading to learn. Exploring GoMining GoMining is a popular Bitcoin mining protocol that aims to democratize the process of mining BTC. It intends to make
Bernstein Recommends Two Mining Stocks Bernstein, a popular brokerage firm, has advised investors to purchase Bitcoin mining stocks in order to gain exposure to BTC indirectly ahead of this year’s halving. The broker recommends two mining stocks, including CLSK, issued by CleanSpark, and RIOT, associated with Riot Plat
Crypto mining has proven to be a lucrative venture over the years. However, while many would like to invest in this business, they do not know where to start. Fortunately, we are here to help with that. In this guide, we will show you how to begin mining Litecoin, one of the leading proof-of-work blockchains. […]
CleanSpark’s Latest Acquisitions Popular Bitcoin mining company CleanSpark, which trades on Nasdaq under the CLSK ticker, has announced that it entered agreements last week to acquire three Mississippi-based Bitcoin mining facilities for a whopping $19.5 million. The purchases were paid in cash. According to CleanSpark
School Officials Face Crypto Mining-Related Charges On Friday, the US Justice Department charged two officials from the Patterson Joint Unified School District for setting up crypto mining operations in ten schools, using the learning institutions’ resources and causing their electricity costs to surge. According to th
HashFlare Founders’ Extradition to the US Sergei Potapenko and Ivan Turogin, the co-founders of the now-closed crypto cloud mining platform HashFlare, are set to be extradited to the United States from Estonia after the Estonian government met the requirements for their extradition. The pair have been charged with mone
The blockchain technology that allows cryptocurrencies like Bitcoin to function is usually a decentralized database without any centralized entity to control it. As a decentralized database, blockchain is secured by parties that operate nodes across the globe. This is made possible by the proof-of-work consensus mechan
Over the last few years, Dogecoin has attracted a significant number of miners. But does this mean that the meme coin is easy to mine? Well, keep reading this article to get the answer. We will also show you how to mine DOGE. The Dogecoin Meme Coin DOGE has witnessed massive growth since its introduction […]
Phoenix Splashes $186.5M on Crypto Mining Machines Phoenix, a popular crypto mining company listed on the Abu Dhabi securities market, has announced that it has spent more than $186 million to acquire mining machines to increase its production capacity. Phoenix’s subsidiary, Phoenix Computer Equipment, revealed the pur
Mining is one of the many ways to earn crypto rewards. In this article, we will show you how to mine Monero. But first, let’s understand what this cryptocurrency is all about. Understanding Monero Monero is a popular open-source digital currency that was released in 2014. It has gained massive recognition due to its ma
Marathon Digital Acquires Two Mining Facilities Mining firm Marathon Digital has inked a purchase deal to acquire two Bitcoin mining facilities with a combined capacity of 390 megawatts. The deal is said to cost $178 million. It marks the mining firm’s transition to an organization that manages a diversified portfolio
With numerous countries prohibiting crypto mining, you may be wondering which ones allow this activity. In this article, we will explore all the nations that have made the process of mining Bitcoin and other Proof-of-Work cryptocurrencies legal. Understanding Crypto Mining For beginners, cryptocurrency mining is the pr
Miners in Ocean Mining Pool Set to Process Ordinals Transactions Popular Ordinals critic and the founder of the Ocean mining pool, Luke Dashjr, seems to have changed his negative stance on NFT-like assets on the Bitcoin blockchain after his company announced that it will now allow miners to mine blocks containing non-f
Mining pools have proven to be a cost-effective solution when it comes to crypto mining. That is because they allow people interested in mining digital assets to save on various costs, such as electricity expenses. In this guide, we will take a look at some of the leading mining pools that you can join to […]
As Cardano continues to gain popularity, there has been a growing number of crypto users looking to contribute to the blockchain. Do you wish to participate in securing the Cardano network? Well, we will show you how to do that in this article. Exploring Cardano Founded in 2017, Cardano is one of the leading blockchain
Tether Reveals Its Entry Into Crypto Mining Stablecoin issuer Tether has announced its plan to invest in Bitcoin mining in 2024. The company behind the largest stablecoin, USDT, said it would inject $500 million into its new area of interest. In the announcement, Tether said its investment strategy involved setting up
Although a number of tokens have transitioned to the proof-of-stake consensus mechanism, there are still several tokens that have stuck with the proof-work algorithm, making them mineable. Among the cryptocurrencies that can be mined in 2023 is Grin. Do you wish to generate passive income through mining Grin? If so, ke
Despite Ethereum transitioning to a proof-of-stake consensus mechanism, crypto mining has remained an attractive venture. And the best part is that those interested in mining cryptocurrencies no longer need to buy expensive equipment. Instead, they can use the services of cloud mining platforms like HashFrog. In this a
Many believe that mining cryptocurrencies is an expensive venture. While that isn’t far from the truth, you can now mine Ravencoin cheaply using your computer’s GPU. If you wish to generate passive income and increase your cryptocurrency holding, read this article to learn about Ravencoin mining to start earning the RV
Bitcoin ETF vs Mining Stocks There is growing hope that a Bitcoin spot ETF will soon hit the US market. Most crypto enthusiasts have already started discussing how this type of Exchange-Traded Fund will boost Bitcoin’s price and fuel mainstream crypto adoption. For starters, an ETF can be described as an investment pro
If you are intimidated or reluctant to invest in the crypto space but cannot resist its rapid growth, then crypto mining stocks are the safer alternative. These stocks are issued by companies that mine digital currencies or sell crypto mining equipment. With cryptocurrencies witnessing massive adoption in recent years,
Hashing24 is among the first platforms that started offering cryptocurrency cloud mining services. Keep reading this guide to learn more about the platform’s features, along with its pros and cons. Exploring Hashing24 Launched in 2012, Hashing24 is a popular crypto cloud mining provider, allowing people to mine Bitcoin
Bitcoin Mining Revenue Surges According to data from Blockchain.com, Bitcoin mining revenue achieved a new yearly high on Thursday, as the coin’s price continued to rally amid excitement within the crypto industry caused by the growing possibility that the United Securities and Exchange Commission will likely approve a
Most crypto enthusiasts find mining tokens in exchange for passive income attractive. However, the traditional way of mining crypto assets is not easy, as it requires significant power and expensive equipment. For this reason, people interested in crypto mining but don’t have the required resources to set up a mining f
Mining Stocks Outpace Bitcoin A new report shows that most of the top eleven mining stocks have outperformed BTC. Nine of these stocks have posted gains of over 100% since January. Bitcoin, on the other hand, is up 70% this year, according to data from CoinGecko. Mining firms whose stocks have recorded gains lower than
Mining is an important aspect of the Bitcoin ecosystem. But what does Bitcoin mining mean? Keep reading this article to learn more about Bitcoin mining. Understanding Bitcoin Mining As a beginner, you may think Bitcoin mining is like digging the ground for coal or gold. But that’s not the case. Instead, it refers to th
Sazmining Embraces Renewable Energy Sazmining, a popular Bitcoin mining firm, opened its new facility in Paraguay early last week. The company has now announced that it will use renewable energy to power mining equipment. Sazmining operates crypto mining rigs bought by customers and then takes a 15% commission for runn
Are you looking to understand everything about cloud mining? You are at the right place. This guide explains what cloud mining is, how it works, and the platforms you can use to participate in cloud mining. So whether you are an experienced crypto user or a beginner, after reading this article, you should be able […]
In the past two years, BitFuFu has seen its user base grow exponentially, with the company continuing to position itself as a reliable cloud mining platform. In this article, we will explore all the features of BitFufu and its role in the crypto mining sector. BitFuFu Defined Founded by Leo Lu in 2020, BitFuFu is […]