Analysis
The post-Soviet country’s cheap electricity has been attracting Bitcoin miners, but will it manage to elbow out Russia and the United States?
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Bitcoin Mining News
Bitcoin mining is a peer-to-peer process of adding data into Bitcoin’s public ledger in order to verify and secure a contract. Groups of recorded transactions are gathered in blocks and then added into the Bitcoin blockchain. Bitcoin mining requires a lot of resources to protect the network from the possibility of altering past transaction data by making all attempts in changing blocks inefficient for the intruder. Bitcoin mining is rewarded by the network through transaction fees and subsidies of new coins to encourage miners to spend their resources on mining new Bitcoin blocks. As Bitcoin mining is increasingly difficult, it has become impossible to attempt mining as an individual. As a result, most Bitcoin mining is being done by mining pools, which include several participants sharing their reward. Bitcoin mining is controversial, as it is a great tool for securing transactions but complicating the scaling of the network.
- News
Bitcoin’s recent price action could relate to miner selling.
12484 - News
According to the latest research from Sergio Demian Lerner, Satoshi likely restrained himself from mining Bitcoin in the first five minutes of the block interval.
42116 - News
Bitcoin's mining difficulty recently spiked, while miners hold larger piles of Bitcoin than usual.
2905 - Markets News
HaoBTC and Poolin shift over 7,000 BTC as bullish tendencies appear to fade and BTC/USD falls back to $9,500.
22135 - Follow up
While many experts believe that Telegram has not compromised the security of its customers, some users have reported certain anomalies.
5797 - Markets News
A giant 14.95% advance makes analysts confident as miners appear to balance increased costs to retain profitability.
9512 - News
The Bitcoin mining ASIC manufacturing industry is expected to further consolidate, as is the wider mining farm operating sector.
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Bitfury is planning to launch a Bitcoin mining fund in Japan following a rollout of the offering in North America last month.
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Bitmain’s operations in Shenzhen are reportedly being disrupted as Micree Zhan forbade shipment of mining devices following his recent takeover of the Beijing office.
3853 - News
United States firm, Marathon Patent Group, announced that it installed 700 units of Bitcoin mining ASIC units.
7929 - News
Chinese law enforcement discovered an illegal Bitcoin mining operation in what appeared to be multiple underground burial sites.
6877 - News
World-leading mining hardware producer Bitmain launched its new Antminer T19 Bitcoin Mining ASIC.
6790 - News
According to an early Bitcoin dev, Satoshi prepared several versions of GPU mining code to defend Bitcoin against a 51% attack.
18910 - News
Bitmain issued statements saying that Micree Zhan has been ousted and threatened him and employees supporting him with legal action for not complying.
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