Mining

Proof of Work has gotten a bad rep over the past few years as mining firms have grown along with the environmental ramifications. As the CEO of a blockchain studio, I have struggled with the environmental impact of the miners. I am personally responsible for the creation of many blocks across many chains. Whether we’re […]

The past week has been one of multiple milestones for Bitcoin. Soon after SBI Crypto mined the 19 millionth Bitcoin, the mining difficulty of the flagship digital asset reached a new all-time high of 28.587 trillion. The jump in mining difficulty happened on March 31 at block 729,792. This is the first time the mining […]

The 19,000,000th Bitcoin has just been mined at block #730003. This leaves just 2 million for the rest of us. It seems that some outlets were reporting the news a little prematurely to start the party early. Running your full node is the only way to ensure you use up-to-date information. However, we are now […]

A couple of days ago, we published an article on Planetwatch. In it, I toyed with the idea of a crypto mining super box that could mine different cryptocurrencies. Well, a few hours after it went live, I received an email from a reader informing me that there was indeed such a device. It is […]

The Bitcoin community is reacting strongly to calls by environmental NGO Greenpeace and Ripple Co-founder Chris Larsen for a change in the consensus model of the digital asset.  Larsen’s Ripple association gives concern Larsen, the chairman of Ripple, donated $5 million to a Greenpeace Campaign seeking to change the Bitcoin code. The “Change the Code, […]

Today, Nova Labs (formerly Helium Inc) announced $200M in Series D financing at a $1.2B valuation with investment from Tiger Global, a16z, Nokia, and Alexis Ohanian. Volvo, Cisco, and Accenture are now starting to utilize the Helium Network, causing a breakout year where the company became the fastest rollout of a wireless network in history. […]

Russia’s Deputy Minister of Energy said that cryptocurrency mining in the country should be fully legalized as soon as possible. This Saturday, the minister addressed the legal vacuum cryptocurrency mining exists in, saying that the fact that the industry is regulated federally, instead of locally, significantly hinders its development. More officials in Russia want more […]

Exxon Mobil uses excess natural gas to mine Bitcoin from oil wells in North Dakota. The waste gas would usually have to be burnt off in a process known as flaring. However, it is being repurposed to mine crypto using shipping containers filled with Bitcoin miners. Exxon has partnered with Crusoe Energy, a company backed […]

The leader MP on the Markets in Crypto Assets report for the European Parliament, Stefan Berger, has just released the timeline for the next stage of the democratic process for crypto regulation in Europe. The legislation is currently going through trilogues, a part of the parliamentary procedure that takes the form of informal conversations between […]

Miners are at the core of the Bitcoin network, providing security to the whole ecosystem of users, businesses, and hodlers. Bitcoin (BTC) mining companies aim to serve as bitcoin investment vehicles, helping to give investors bitcoin exposure without holding the asset directly. To read the rest of this article, sign in or join CryptoSlate Edge. […]