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.

News
Leading Bitcoin Cash personalities and companies are forcing the community to introduce a tax on block rewards to fund development, amid strong criticism.
Major Bitcoin Cash Pools Force 12.5% Mining Tax on Community
Andrey Shevchenko
2020-01-24T19:18:00+00:00
956
Opinion
For over a decade of its existence, Bitcoin has changed dramatically, but its essential features and characteristics are what make it the number one cryptocurre...
The Evolution of Bitcoin's Technology Stack
Lucas Nuzzi
2020-01-23T00:00:00+00:00
3024
News
The London Stock Exchange-listed mining company Argo Blockchain has reported a 10x increase in revenue the past year, prepares for massive expansion.
Argo Blockchain Sees Mining Revenue Rise Tenfold in 2019
Andrey Shevchenko
2020-01-20T11:17:00+00:00
1659
Analysis
Are cryptocurrency mining operations moving from Iran to Central Asia in pursuit of stable cheap energy grids?
Is Central Asia the New Safe Haven for Crypto Mining Amid Iran-US Crisis?
Ana Alexandre
2020-01-18T19:06:00+00:00
4473
News
The U.S. SEC charges Donald Blakstad for using a fake crypto mining business and two other companies to fraudulently gain $3.5 million.
US SEC Traces $3.5M Back To Alleged Fraudster Behind Fake Crypto Mine
Benjamin Pirus
2020-01-09T21:39:00+00:00
2499
Opinion
The crypto community should be ready for the inevitability of quantum computing: It’s not as distant a future as it might seem.
Will Google’s Quantum Supremacy Break Bitcoin in 2020?
Johann Polecsak
2020-01-09T15:07:00+00:00
17036
News
Tech company DMG Blockchain Solutions has installed 1,000 new Bitcoin mining machines at its facilities in British Columbia, Canada.
Canada’s DMG Blockchain Installs 1,000 New Bitcoin Mining Rigs for US Client
Ana Alexandre
2020-01-09T13:54:00+00:00
2905
News
Interpol helped curtail cryptojacking malware that affected thousands of routers.
Interpol Collaborates With Cybersecurity Firm to Tackle Cryptojacking
Andrey Shevchenko
2020-01-09T13:42:00+00:00
1833

Follow us on Facebook