Chinese Miners Short BTC Markets to Hedge Against Falling Prices

News The price of bitcoin core (BTC) has dropped considerably over the past few months, significantly affecting individuals and organizations that mine the cryptocurrency. According to recent reports, many miners in China are now short selling bitcoins to hedge against falling digital asset prices. Also Read: Markets Update: Cryptocurrencies Are Still Blood Red Some Chinese Miners […]

Bitmain IPO in ‘Death Spiral’? Rumors Of $740M Q3 Loss as Bitcoin Cash Crashes

Fresh rumors over the financial health of Bitcoin mining giant Bitmain cast a shadow over the company again this week, suggesting it faces losses close to $1 billion. Bitmain’s Worst Quarter? Originally reported by the Twitter account known as BTCKING555 December 3, the author of which almost exclusively tweets about Bitmain, unreleased quarterly earnings data […]

Vertcoin 51% Attack Could Have Caused $100K in Double Spending

Vertcoin has been experiencing ongoing 51% attacks, reportedly resulting in $100K of double spending on the network.  Rough Couple of Months for Vertcoin In a detailed blog post, Coinbase security engineer Mark Nesbitt revealed that Vertcoin’s network went through repeated 51% attacks, with the largest reorganization having a length of 310 blocks and a depth […]

Bitcoin by Design; Falling Difficulty and Hashrate Makes Mining Easier

With all the doom and gloom being published about Bitcoin at the moment it is often hard to overlook how it has been designed. When prices plummet, hashrate and mining difficulty follow suit as the blockchain operates exactly as it has been designed. The mainstream merchants of doom are almost rubbing their grubby hands together […]

Bitcoin (BTC) Falls Under $3,900, Crypto Exchange CEO Unfazed

Crypto Market Stumbles, BTC Under $3,900 Over the past 24 hours, following a 36-hour market lull, crypto assets began to falter, stumbling under the short-term bottoms they established in the days prior. This continued tumultuous movement has seen the aggregate value of all cryptocurrencies collapse by $10 billion, moving under $129 billion for the umpteenth time […]

It’s Now Easier (And More Profitable) to Mine Bitcoin After Difficulty Drop

As Bitcoin mining hash rate has decreased amid lower prices, the mining difficulty has adjusted by design, making it easier to mine bitcoin.  Bitcoin mining difficulty adjusts to lower price For most of 2018, while the bear market persisted, mining hash rate and difficulty for Bitcoin continued to increase. Now it appears that the mining […]

Intel Awarded a Patent for an Energy Efficient Bitcoin Mining Process

News On Nov. 27, the world’s second-largest semiconductor chip maker, Intel, was granted a patent for a processing system that mines Bitcoin but utilizes more “energy-efficient hardware accelerators.” According to the patent called the “Optimized SHA256 Datapath,” the newly invented “high-performance” Bitcoin mining process could reduce overall power consumption by 15 percent. Also read: Sirin Labs […]

ASUS Partners With Quantumcloud to let Gamers Mine Cryptos With Idle-power From Their GPUs

ASUS has recently announced a partnership with Quantumcloud to develop a software that allows gamers to mine crypto with their idle GPU Power, without affecting the performance of their products or deviating from the company’s market focus. The idea behind this decision is not to diversify or create a product line for miners. ASUS has […]

Report: Bitcoin Mining Doesn’t Fuel Climate Change, It Benefits the Global Economy

Mining The majority of bitcoin miners — about 78 percent — use renewable energy to power their mining operations, while preventing surplus electricity from going to waste in countries such as China, a new study by Coinshares has revealed. The U.K.-based digital asset management company argues that “bitcoin mining may in fact be acting as […]