Bitcoin mining operator Argo is seeing soaring profits in line with the current bitcoin bull market. United Kingdom bitcoin (BTC) mining operator Argo Blockchain surpassed its own expectations in Q2, the company said in a new report released on July 2. Argo, which previously said it had benefited from the upturn in bitcoin prices, said […]
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Bitcoin miners now employ almost 70 quintillion hashes per second to maintain the blockchain. German Bitcoin (BTC) mining company Northern Bitcoin has signed a deal to buy almost 5,000 mining rigs from Bitmain and Canaan Creative, the company confirmed in a press release on July 1. Northern, which is headquartered in Frankfurt but operates a […]
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Blockstream CEO Adam Back — inventor of the hashcash proof-of-work system — says that “bitcoin time” seems to be running faster than the “internet time” of the early dotcom era. Blockstream CEO Adam Back — inventor of the hashcash proof-of-work (PoW) system later used in bitcoin’s (BTC) mining algorithm — says that “bitcoin time” seems […]
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Quantum computers will not kill blockchain, but they might trigger fundamental changes in underlying cryptography. The major selling point of blockchain and its applications is that cryptographically secured distributed ledgers are virtually “unbreakable” under normal circumstances, given the current state of computational technology. Its validity, however, is heavily dependent on the “state of technology” assumption. […]
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Authorities in Iran have confiscated about 1,000 units of bitcoin mining machines from two now-defunct factories. Authorities in Iran have confiscated about 1,000 units of bitcoin (BTC) mining machines from two now-defunct factories, BBC reported on June 28 As reported, local authorities noticed a surge in electricity consumption by 7% earlier in June and linked […]
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A Bitmain IPO might be making a come back, as a crypto bull run heats up and as the company may potentially file with the SEC. Toward the end of June 2019, news emerged that the mining giant Bitmain might be reviving its initial public offering (IPO) plans. As Bloomberg reports, the China-based cryptocurrency mining […]
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Miners are dedicating more and more resources to participating in validating bitcoin transactions. Bitcoin’s (BTC) mining difficulty has reached an all-time high, demonstrating the increasing competition for block rewards between miners, data from Blockchain.com revealed on June 27. Mining difficulty, which adjusts to the network hash rate every 2016 blocks, hit 7.86 trillion, a new […]
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Mosques’ free electricity make them an attractive option for miners keen to limit the pain of economic hardship. Iranian bitcoin (BTC) miners are moving into mosques as the government launches an energy crackdown, social media users revealed on June 25. Iran, which offers free energy to mosques, now has around 100 miners occupying places of […]
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Europol arrests 6 unnamed individuals in the U.K. and the Netherlands under suspicion of involvement in a multimillion-dollar crypto theft. Europol, in conjunction with the United Kingdom’s South West Regional Cyber Crime Unit, the Dutch police, Eurojust, and the U.K.’s National Crime Agency (NCA), has coordinated the arrests of six people suspected of stealing over […]
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The Ministry of Economy of the Republic of Abkhazia has developed a bill regulating the country’s cryptocurrency mining activities. The Ministry of Economy of the Republic of Abkhazia has developed a law draft on the settlement of cryptocurrency mining activities in the country, local news outlet Sputnik Abkhazia reported on June 24. The press service […]
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