bitcoin mining Archives - Page 18 of 40

Hash Rate and Bitcoin Price During Mining Events: Are They Related?

March 7, 2020cashtechnews

Data shows Bitcoin mining-related events produce conflicting short-term price action but long-term gains. On Saturday Bitcoin (BTC) price dropped below $9,000 again, increasing the uncertainty surrounding future price estimates and reminding investors that the Coronavirus continues to impact markets across the world. Cryptocurrency market daily performance. Source: Coin360 Interestingly, Bitcoin’s hash rate reached an all-time […]

Riot Reports 147% Monthly Growth In Average Daily Run Rate of BTC Mined

March 5, 2020cashtechnews

Nasdaq-listed cryptocurrency mining firm Riot Blockchain has demonstrated a remarkable monthly growth in BTC mined in February. Nasdaq-listed cryptocurrency mining firm Riot Blockchain has demonstrated a remarkable monthly growth of average daily run rate of Bitcoins (BTC) mined, in February. The United States-based firm has seen a 147% increase in the average daily run rate […]

New York Power Plant Mines $50,000 of Bitcoin a Day

March 5, 2020cashtechnews

A New York power plant turns to Bitcoin mining in a bid to increase its profitability, adding $50,000 to daily revenues. A New York power plant turns to Bitcoin mining in a successful bid to increase profitability. Bloomberg reported on Mar. 5 that a power plant in New York’s Finger Lakes region now mines about […]

Canaan Faces Class Action Lawsuit Alleging Dubious Practices During IPO

March 5, 2020cashtechnews

Rosen Law Firm has filed a class action lawsuit on behalf of investors in ASIC producer Canaan’s IPO. Blockchain services and cryptocurrency mining hardware producer Canaan is facing a class-action lawsuit filed by investors following claims of dubious practices for attracting investments. Investor rights-focused law firm Rosen Law Firm has initiated the suit on behalf […]

Bitcoin Halving Can Have Negative Short-Term Effect on BTC Price — Here’s Why

March 4, 2020cashtechnews

A theory has emerged that miners tend to sell before the halving to accumulate enough Bitcoin to finance their operations. The price of Bitcoin (BTC) has dropped right before and after the two previous block-reward halving events in 2012 and 2016. BTC is demonstrating a similar trend approaching the May 2020 halving. A theory has […]

Canaan Used ‘Bogus’ Deal to Attract Investment, Argues Analyst

March 4, 2020cashtechnews

Analysts from Marcus Aurelius Value published a detailed report throwing shade on some of Canaan’s business practices, alleging that its business model is invalid. A report by Marcus Aurelius Value, an analysis organization, argues that the Nasdaq-listed ASIC manufacturer Canaan (NASDAQ: CAN) misrepresented its potential revenue for 2020. At least one of its clients is […]

Cointelegraph Special Report: Coronavirus and Crypto in China

March 4, 2020cashtechnews

Cointelegraph interviews a number of professionals working in the crypto industry in China to asses the effects of coronavirus on the local crypto economy. Coronavirus has been dominating the news cycle last couple of months, as it continues to spread across the globe. Cointelegraph has taken a closer look at how coronavirus is affecting the […]

Analyst Claims 98% of Mining Rigs Fail to Verify Transactions

March 1, 2020cashtechnews

Crypto analyst Alex de Vries has claimed that carbon footprint of Bitcoin mining is on par with New Zealand, with the network’s power consumption equaling that of Chile. Alex de Vries, the founder of the Digiconomist, has given a damning assessment of the electricity consumed by Bitcoin (BTC) mining in an interview with British media […]

Peter Thiel-Backed Startup Says Texas Is the Best Place to Mine Bitcoin

February 29, 2020cashtechnews

Shortly after commencing mining, the CEO of US-based mining company Layer1 has stated that texas offers bitcoin miners the “cheapest power in the world” at scale. Alex Liegl, CEO of Layer1 Technologies, a US-based Bitcoin (BTC) mining company that recently announced its intention to repatriate 30% of Bitcoin’s hash power by 2022, has described Texas […]

Are Miners Prepared for the Halving of Bitcoin?

February 27, 2020cashtechnews

Bitcoin mining faces more difficulties every year: from electricity efficiency to power cost, and from proper devices to legislation. Be prepared for the halving with these tips. Anyone following crypto news has undoubtedly seen numerous articles that forecast Bitcoin’s (BTC) valuation following the upcoming halving slated to take place in May of this year. And […]

Tag: bitcoin mining

Hash Rate and Bitcoin Price During Mining Events: Are They Related?

Riot Reports 147% Monthly Growth In Average Daily Run Rate of BTC Mined

New York Power Plant Mines $50,000 of Bitcoin a Day

Canaan Faces Class Action Lawsuit Alleging Dubious Practices During IPO

Bitcoin Halving Can Have Negative Short-Term Effect on BTC Price — Here’s Why

Canaan Used ‘Bogus’ Deal to Attract Investment, Argues Analyst

Cointelegraph Special Report: Coronavirus and Crypto in China

Analyst Claims 98% of Mining Rigs Fail to Verify Transactions

Peter Thiel-Backed Startup Says Texas Is the Best Place to Mine Bitcoin

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