Mining

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Bitcoin Hash Rate Unfazed By BTC Drop Under $10,000

Nick Chong·
Bitcoin Hash Rate Unfazed By BTC Drop Under $10,000 14
Bitcoin Miners Totally Unfazed Bitcoin miners seem to be entirely unaffected by the recent tumult in the crypto market. As spotted by prominent Bitcoiner Hodlonaut, the hash rate of the popular network recently set a fresh all-time high for the umpteenth time over the past few months. So, despite the...

Chinese Rain Causes Flood of New Crypto Miners

Alex Kyriakopoulos·
bitcoin china
Despite recent concerns voiced by the International Energy Agency (IEA), the energy consumption of Bitcoin mining has hit another milestone.  According to network status information from BTC.com, the average Bitcoin hashrate in the last two weeks has reached 71.43 EH/s (Exahash per second), a 10.8% increase from July 23rd’s hashrate...

Blockstream Launches New Mining Service, Fidelity An Early Customer

Avatar photoAdrian Mathieu·
Blockstream
Blockstream, a Canadian firm focused on developing products for the cryptocurrency industry, announced the launch of two large data centers for enterprise level co-location services.  The developer of Bitcoin satellites and consumer wallets also introduced the BetterHash protocol-based Blockstream Pool. The company’s latest products are aimed at preserving the decentralization...

Bitcoin Hash Rate Hits Fresh High as China Floods Wreak Havoc on Mines

Nick Chong·
Bitcoin Hash Rate Hits Fresh High as China Floods Wreak Havoc on Mines 17
Crypto Miners Wiped Out in Chinese Flood While Bitcoin is a digital technology, natural disasters still affect this nascent ecosystem. Poolin, a prominent cryptocurrency mining pool, recently posted an image on Twitter of a flood “DEVASTATING” a mining farm in the Sichuan region of China. Red Li, the co-founder of...

Chinese Media: Inner Mongolian Government to Restrict Bitcoin Mining

Nick Chong·
Chinese Media: Inner Mongolian Government to Restrict Bitcoin Mining 19
Crypto Mining Crackdown in Inner Mongolia Reports from China-centric crypto news outlet ChainNews have suggested that Inner Mongolia, an autonomous region of China, is looking to curb Bitcoin mining and similar industries in the region. The article spotted by Dovey Wan, a prominent venture capitalist based in China, states that...

Ripple Highlights the Sustainability of XRP to Celebrate Earth Day

Avatar photoJohn P. Njui·
Ripple Highlights the Sustainability of XRP to Celebrate Earth Day 20
In brief: Earth Day was celebrated on the 22nd of April. Global pollution levels have dropped drastically due to lockdowns to curb the spread of COVID19. The team at Ripple highlighted the efficiency of XRP. Yesterday, April 22nd, was the 50th Earth Day celebration. Previous events have been celebrated by...