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” Not just Bitcoin price: Factors affecting BTC miner profitability “ The ongoing cryptocurrency bear market has triggered a massive decline in Bitcoin (BTC) mining profitability as BTC mining expenses outpace the price of Bitcoin. Closely tied to the drop in the BTC price, Bitcoin mining profitability has been tanking since late 2021 and reached…
” Water great idea! Bitcoin mining heats this swimming pool “ A Bitcoiner has “pooled” off another mining innovation. The ‘waste’ heat generated by mining Bitcoin (BTC) is used to warm his swimming pool. Bitcoin enthusiast Jonathan Yuan had kids who “love swimming, but the year before [he started using waste heat], they barely ever…
” The race for semiconductors: Are crypto miners taking the lion’s share? “ Over the last couple of years, the world has been grappling with the lack of semiconductors, which are the substances that conduct electricity between metals and isolates. The most famous semiconductor is silicon. If correlating this concept to electronic devices, then the…
” Commonwealth Bank’s plans to expand crypto services to 6.5M delayed by red tape “ Financial regulators are standing in the way of expanded crypto services on Commonwealth Bank of Australia’s (CBA) mobile app. In an Australian first, the bank aims to grant all of its 6.5 million users access to cryptocurrency services. The CBA’s…
“# Another solo Bitcoin miner solves valid block, becoming the 4th in 2022 ” Hopium is back on the menu for solo Bitcoin (BTC) miners. An approximately $240,000 reward, or 6.25 BTC, was generated by yet another solo miner on Tuesday morning. This time, the odds were less than 20%, according to Con Kolivas, a…
“# Crypto mining reportedly rises in Thailand due to Chinese crypto ban ” Retail cryptocurrency mining in Thailand has apparently received a boost due to the capitulation of Chinese miners triggered by the country’s new crypto mega ban enforced in September. Thai entrepreneurs and cryptocurrency businesses have been increasingly capitalizing on Chinese miners getting rid…
“# ASIC reveals how it infiltrated crypto ‘pump and dump’ Telegram groups ” The Australian Securities and Investments Commission (ASIC) has revealed the details of how it took down crypto “pump and dump” Telegram groups back in October. A pump and dump scheme typically involves using social media to coordinate users to buy large amounts…
“# Commonwealth Bank of Australia recognizes risks in missing out on crypto ” Matt Comyn, the CEO of the Commonwealth Bank of Australia (CBA), said that the bank is more concerned about the risks of missing out on crypto than those associated with its adoption. The CBA is set to become the first of the…
“# Australian baseball club Perth Heat to pay athletes in Bitcoin ” Australian baseball club Perth Heat has announced a partnership with Bitcoin payment processor OpenNode to accept and make payments in Bitcoin (BTC). The partnership allows Perth Heat to pay professional players and staff in Bitcoin. According to the announcement, the professional sports club…
“# Altcoin Roundup: 3 Proof-of-work protocols focused on building Web 3.0 ” The proof-of-work (PoW) consensus model is the mechanism that kicked off the revolution that launched Bitcoin (BTC) in 2009 and it was the model of choice behind many of the popular projects in the early fledgling years of the crypto ecosystem. As time…