bitcoin mining

In the domain of cryptocurrency mining, recent developments in Ethiopia and the consolidation of hashing power in ZCash mining have sparked intrigue and debate among investors and enthusiasts alike. Ethiopia’s ambitious venture into Bitcoin mining signals a paradigm shift in Africa’s embrace of digital currencies, while concerns surrounding the concentration of hashing power in ZCash mining underscore the importance of decentralization in blockchain networks. Amidst these developments, BlockDAG emerges as a…

The current cryptocurrency mining market suffers from many problems, including usability complexity for miners, environmental concerns, security and fraud risks, and reliability and performance issues. Most notably, there are also limitations in geographical coverage and service quality, and the need for a comprehensive solution has long been felt. Luckily, Simple Miner, a relatively new endeavor, has poised itself to enhance the user experience, environmental sustainability, security, and global reach of the…

On a sweltering July evening, the din from thousands of computers mining for bitcoins pierced the night. Nearby, Matt Brown, a member of the Arkansas Legislature, monitored the noise alongside a local magistrate.As the two men investigated complaints about the operation, Brown said, a security guard for the mine loaded rounds into an AR-15-style assault rifle that had been stored in a car.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and…

A US bankruptcy judge has approved cryptocurrency lender Celsius Network's pivot to bitcoin mining, ruling that the company could deviate from a previously approved bankruptcy plan because creditors and customers were no worse off under the new restructuring.US bankruptcy judge Martin Glenn in Manhattan on Wednesday said the bankruptcy plan approved in November contained enough flexibility to allow Celsius to switch to a backup plan after it hit a road block with the US Securities and Exchange Commission. Elevate Your…

Arkon Energy, a data center infrastructure company, closed a $110 million private funding round to expand its operations, the company’s CEO Josh Payne shared exclusively with TechCrunch. The round was led by Bluesky Capital Management and included participation from Kestrel 0x1 and Nural Capital. The company launched in 2021 and began with a 5-megawatt site in Australia. It’s since grown to over 130 megawatts and has expanded into other countries and regions like the U.S. and Europe. “These sites appeal to both…

Akron Energy, a data center infrastructure company, closed a $110 million private funding round to expand its operations, the company’s CEO Josh Payne shared exclusively with TechCrunch. The round was led by Bluesky Capital Management and included participation from Kestrel 0x1, Nural Capital and Florence Capital. The company launched in 2021 and began with a 5-megawatt site in Australia. It’s since grown to over 130 megawatts and has expanded into other countries and regions like the U.S. and Europe. “These sites…

Crypto exchanges that connect buyers and sellers directly without Wall Street-style middlemen are under pressure to improve their services amid a decline in market share. These so-called decentralized platforms facilitate trading via algorithmic, blockchain-based software known as smart contracts, with users retaining custody of tokens rather than handing them to an intermediary institution. Crypto diehards predicted a golden period for peer-to-peer trading venues such as Uniswap and dYdX after last November's collapse…

Bitcoin reached an almost four-week low, with the cryptocurrency continuing to lose momentum since breaking above $30,000 earlier this month for the first time since June.The original digital currency was little changed on Monday after earlier falling as much as 1.9% to $26,989. That was the first time the price was below $27,000 since March 28. Other digital assets were mostly flat to higher, with Ether little changed and Avalanche up about 2%. Crypto-related stocks also extended their slide from last week. Coinbase,…

Bitcoin's rebound is just the start of a rally that will take it past $50,000 next year courtesy of a process known as halving that curbs the supply of new tokens, according to projections from crypto analysts.The largest digital asset has climbed 70% since Dec. 31 in a partial revival from an epic rout in 2022. While the token at the moment is struggling in the vicinity of $30,000, halving holds the potential to trigger an advance of at least 78%, according to Bloomberg Intelligence and Matrixport. A halving – or…

Chipmaker Intel Corp said on Tuesday it has discontinued production of its bitcoin mining chip series, just a year after its introduction. A rout in the…