Mining Explained: A Detailed Guide on How Cryptocurrency Mining Works At its peak, cryptocurrency mining was an arms race that led to increased demand for graphics processing units (GPUs). In fact, Advanced Micro Devices, a GPU manufacturer, posted impressive financial results as demand for the company’s stock skyrocketed and shares traded at their highest level … Read more
The Bitcoin mining sector continues to grow beyond the forecasts for the industry by analysts. The fortunes created by Bitcoin miners are encouraging more entrepreneurs to try their luck in the industry. As the growing number of Bitcoin miners continues to make the crypto-currency more popular, it presents another challenge for Bitcoin miners in the … Read more
Cloud mining is a practice that is attracting more and more individuals who are looking for a way to generate profits from crypto-currencies. Indeed, it is now possible to practice crypto mining without having to buy expensive hardware thanks to the services offered by these cloud mining companies. But how does cloud mining work and … Read more
Ethereum’s update is shaking up the crypto ecosystem, introducing an operation presented as more virtuous. But, the fallout remains unclear. If The Merge marks the end of mining on a major blockchain, it will probably not stop this activity. There is a lot of uncertainty since “The Merge”, the update of Ethereum accomplished on September … Read more
When Mark Twain was on tour in London in 1897, an American newspaper mistakenly published his obituary. Twain responded to a reporter’s question about it by saying, “The information about my death is greatly exaggerated.” Something similar could be said about the fear of a drop in Bitcoin prices and the halving of Bitcoin in … Read more
The Bitcoin mining industry is in a state of flux. Between the recent limitations imposed – whether in Europe or North America – due to the convergence of various factors such as the global energy price crisis caused by the consequences of the war in Ukraine, or the recent bankruptcy of Core Scientific, a key … Read more
Bitcoin mining is a process that creates new Bitcoins and releases them into circulation. Mining is crucial to the operation of Bitcoin and some other cryptocurrencies because it incentivizes users to enter accurate information into the shared ledger that keeps track of transactions and balances on an underlying blockchain network. Miners who participate in this … Read more
From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of different cryptocurrencies, making it overwhelming when you’re first getting started in the world of crypto. These are the top 10 cryptocurrencies based on market capitalization, or the sum of all coins in circulation, to help you get your bearings. What Are Cryptocurrencies? A … Read more
Cryptocurrency mining machines are seen at Greenidge in Dresden, N.Y. Some forms of cryptocurrency mining in New York will be banned under a new law passed last month. | Malik Rainey for Politico Magazine ALBANY, N.Y. — A first-in-the-nation partial ban on cryptocurrency mining in New York is sending ripple effects through the burgeoning industry … Read more
Interested in mining bitcoin, but not sure if it’s worth the investment? You’re not the only one. With energy prices on the rise, many people are wondering if bitcoin mining is still profitable. Here’s the short answer: yes, bitcoin mining can be profitable if you invest in the right tools and join a bitcoin mining … Read more