Mining News

Cryptocurrency mining is a way to get Bitcoins. Of course, it is possible to buy them, but Bitcoin mining creates new ones by making new parts of the blockchain. In defining cryptocurrency mining, it should be stated how it actually works. In order to mine, there must be a peer-to-peer computers network so that tasks can be performed with their combined computing power. The more computers and less centralized the system, the faster tasks will be operated. Each computer is called a host in the blockchain and the network works based on a cryptographic protocol. By recording and confirming new operations into a virtual, replicated, and distributed public database known as the blockchain, miners (those who do mining) create new parts of the chain and they receive 12.5 Bitcoins for each new part as a reward. The new block can be made just once in 10 minutes so that to synchronize all operations, assure they are mathematically accurate and be able to spread it around all users.

Event Recap
Day three and four of the Unitize virtual conference saw speakers focusing on the challenges of, and opportunities for, greater blockchain adoption.
Unitize Conference Covers Ground, Mulls Blockchain Adoption and DeFi
Osato Avan-Nomayo
2020-07-10T17:17:00+01:00
3614
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?
Kazakhstan Sets Eyes on Top-3 Spot for Global Bitcoin Mining
Stephen O'Neal
2020-07-10T10:58:00+01:00
4527
News
One of four men charged with defrauding investors of over $722 million through a long-running cryptomining scheme has pleaded guilty to charges against him.
Accomplice in Alleged $722M Bitcoin Ponzi Scheme Pleads Guilty to Charges
Marie Huillet
2020-07-10T10:22:00+01:00
11627
News
ASIC miners are the best option for Bitcoin network security well into the future, new research has found.
Switching Bitcoin to 100% ASIC Mining Could Increase Security 2,000X
Joshua Mapperson
2020-07-10T06:40:00+01:00
7526
Analysis
Fresh investments into mining equipment by smaller companies signals an optimistic outlook for the future of Bitcoin.
BTC Rush: High Prospects for Bitcoin Price as Mining Investments Boom
Gareth Jenkinson
2020-07-09T14:20:00+01:00
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Unitize
A researcher suggested that exchanges could “rollback” hacks by renting mining power from online marketplaces.
Researcher: Exchanges Could Fight Hackers By Renting Mining Power
Michael Kapilkov
2020-07-08T23:15:00+01:00
3447
News
Venezuelan authorities confiscated 315 Bitcoin mining systems.
Venezuelan Authorities Seize Over 300 Bitcoin Mining Machines
Felipe Erazo
2020-07-08T15:18:00+01:00
12176
News
A major Chinese steelmaker settled a blockchain-based $16.87 million iron ore trade with the world’s second-largest mining group, Rio Tinto and Hancock Prospect...
Chinese Steelmaker Settles $16 Million Iron Ore Deal on Blockchain
Mohammad Musharraf
2020-07-08T09:37:00+01:00
8273

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