Bitcoin’s block reward halving is here at long last. Estimates suggest that the event is a mere seven days out from taking place. The halving is an event that will see the number of coins issued per Bitcoin block cut in half from 12.5 to 6.25. This will result in an instant 50% Read more…
Mining Bitcoin is a finite process, with a cap of 21 million Bitcoins set by Bitcoin’s creator. This is to not say that mining will cease anytime quickly. In fact, it’s estimated that new cash will be created till the year 2140, with a halving going down each 210,000 blocks. Read more…
Binance, a leading crypto exchange, announced on Monday the launch of its much-anticipated Bitcoin mining pool. The mining pool will support both PoW and PoS consensus mechanisms for mining. Dubbed Binance Pool, it will be integrated with the exchange’s ecosystem of products including spot exchange, derivatives products, lending services, and Read more…
Decentralization is one of the key characteristics that define Bitcoin and its vision of finance. While Bitcoin’s Proof of Work consensus algorithm has proven to be highly secure and robust, there have also been a few downsides that have hindered Bitcoin’s growth. The mining community keeps the network alive, however, increased levels Read more…
Amidst the oil market madness, can Bitcoin (BTC) pull through to hit $10,000 before the halving? Can Bitcoin brace the current market and rise beyond the $10,000-mark before the halving? Here are our top 5 picks in favor for a bitcoin bull rally. 1. Bitcoin (BTC) spikes above $6,900 breaching above Read more…
While April has historically been the second-best performing month for bitcoin (BTC), investors should watch for the possible miner and/or holdler capitulation and how the world is dealing with the COVID-19 pandemic-triggered economic crisis, according to analysts at major crypto exchange Kraken. On average, in April, BTC posts a +53% return and has the Read more…
While, two weeks ago, it was estimated that Bitcoin (BTC) mining difficulty might drop by 16%, it just went up 5.77 % today, as more miners turned their machines on in the past two weeks. (Updated at 09:10 UTC: the second paragraph has been updated.) The mining difficulty (used as a measure for Read more…
A new crypto mining patent by software giant Microsoft could change the way people and the industry views mining operations. By using human body data instead of electrical power, it may revolutionize the crypto industry. The patent, titled “Cryptocurrency system using body activity data,” aims to reward people with cryptocurrency in Read more…
In the article, the mining pool notes that there a wide range of individual variables determine mining profitability. Poolin has created a mining profit estimator that breaks down these factors to better understand which rig is the best value. Example as shown: It is important to note that electricity costs vary widely from Read more…
Mining news Hardware maker Bitmain says that newer mining rigs could be used for longer than previous devices due to a forthcoming market turnaround. Per media outlet 8btc, Bitmain chief Jihan Wu stated that bitcoin was about to enter “a slow-coming and long” bull market phase, meaning that “next-generation mining machines could serve Read more…