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“# Digital Currency Group’s crypto mining arm enters top 10 global mining pools ” Foundry, a wholly owned cryptocurrency mining subsidiary of Digital Currency Group, or DCG, has entered the top 10 largest Bitcoin (BTC) mining pools in the world. The firm’s CEO, Barry Silbert, announced the news on Tuesday, predicting that Foundry will soon break…
“# Driving to the moon? HODLer installs portable mining rig in BMW ” Crypto enthusiast Simon Byrne has taken crypto mining out of the garage and onto the road after installing a small farm in the trunk of his car. According to a report from Hardware Times, Byrne purchased a BMV i8 hybrid vehicle retailing…
“# Is Bitcoin a waste of energy? Pros and cons about Bitcoin mining ” Bitcoin arouses passion, curiosity and has received more and more media attention, especially after having climbed the ranks of the best financial asset of the decade. However, whenever its price goes up, many doubts and questions arise, mainly around its origin…
“# Amid blackouts and police raids, Iran weighs benefits of Bitcoin mining ” As blackouts and police raids roil the upstart Iranian Bitcoin mining industry, a match between a permissionless currency and a country throttled by inflation that once seemed like a perfect fit is now being called into question. As Cointelegraph has previously reported,…
“# Bitcoin miners facing chip shortage amid skyrocketing demand ” A chip shortage is significantly affecting the Bitcoin mining hardware distribution chain, according to Reuters on Jan. 22, Indeed, Bitmain — one of the major Bitcoin miner makers — has seen its inventory sold out until August 2021, according to information on its website. Apart from…
“# Alleged ‘ghost’ Bitcoin mining firm traded on Nasdaq faces class action lawsuit ” Bit Digital (BTBT), a Bitcoin mining company traded on the NASDAQ stock exchange, is the subject of a class-action lawsuit that alleges the company fabricated the extent of its Bitcoin (BTC) mining operations. According to the lawsuit which was filed in…
“# Privacy-focused Firo cryptocurrency suffers 51% attack ” Anonymous cryptocurrency Firo — formerly known as Zcoin— is the latest Proof-of-Work coin to suffer a 51% attack. Tweeting on Wednesday, Firo revealed that the protocol had come under a 51% attack and advised holders to pause all transactions until the network returns to a normal state….
“# Crypto winter: Bitcoiners use mining rigs as heaters as temperatures drop ” Bitcoiners mining cryptocurrency at home this winter have been staving off freezing temperatures by putting them to good use as heaters. According to the Wall Street Journal, crypto miners in France and the United States report their overall heating costs have dropped …
“# Why Pakistan and the Middle East can bet on crypto mining ” It is especially important for countries to become more aware of cryptocurrencies, especially with components like decentralized finance rising in prominence. Now that the Middle East is becoming more mining-friendly, the future suddenly looks bright once again for this region. Pakistani administration…
“# Bitcoin thermocap metric shows BTC price is still in the ‘low end’ of bull cycle ” Bitcoin (BTC) is still at the “low end” of a 2021 bubble, new data tracking miner and investor behavior suggests. In the latest signal that BTC price action still has major growth potential, researcher Geert Jan Cap showed…