Mining

Here you can find the latest Bitcoin mining news. Mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

Bitcoin Mining is Still Almost 50% More Profitable to Miners than Bitcoin SV
December 6th, 2018

Bitcoin Cash price is under a lot of pressure after it broke the $150 support against the US Dollar. There is a major declining channel formed with resistance near $135 on the hourly chart of the BCH/USD pair.

More Than 100,000 Bitcoin Miners Shut Down Amid Bearish Bitcoin Market Trends
December 4th, 2018

There is a consolidation going on among the bitcoin miners that perform the complex calculations to generate the digital currency after the plunge rendered many of them unprofitable.

Chinese Crypto Miner ‘Huaren Capital’ Plans Expansion Into Philippines With “Digital Peso”
December 1st, 2018

The “Digital Peso” project is aimed at reducing friction for international remittance and establishing a two-way corridor between the Phillippines and China.

Bitmain Crypto Index Launches For Crypto Investors
December 1st, 2018

Mining giant Bitmain has just launched a new cryptocurrency index. The index is for investors who are interested in having a benchmark for their investments.

Saga Comes to an End: Bitcoin Mining Firm Giga Watt Declares Bankruptcy with Millions in Debt
November 22nd, 2018

Another cryptocurrency mining firm, Giga Watt falls out of the race declaring itself bankrupt and unable to refund its $7 million-debt to investors.

US Election Commission Gives Green Light for Support of Favorite Candidates via Crypto Mining
November 20th, 2018

Under the FEC advisory opinion, it would be possible to support political campaigns by donating computer power to mine crypto for preferred candidates.

Coinbase CTO Calls for Home Crypto Mining, Recommends Suitable Device
November 16th, 2018

A new crypto startup Coinmine, recommended by Coinbase CTO Balaji Srinivasan for home mining, can currently mine Ethereum, Ethereum Classic, Monero and Zcash.

Mining Giant BitFury Wins $80 Million in Investments, Hits $1 Billion Valuation
November 8th, 2018

Crypto mining company BitFury has closed a $80 million private funding round led by European venture capital firm Korelya Capital and billionaire Mike Novogratz.

Ethereum’s Consensys Takes Over Planetary Resources to Further Conduct Space Initiatives
November 1st, 2018

Ethereum’s blockchain venture production studio, ConsenSys, expands its activities by acquiring an asteroid mining company called Planetary Resources.

Europe-based Crypto Mining Startup Bitfury Plans for an IPO
October 26th, 2018

Bitfury is exploring a range of minority options like selling a minority stake or raise debt financing, to go public.