Coinatory

Ethiopia's Bitcoin Mining Gains 600MW as Government Backs Expansion Ethiopia is emerging as a burgeoning Bitcoin mining hub, with local miners now consuming 600MW of power, a figure expected to increase by year-end. According to Ethan Vera, co-founder and COO of Luxor Mining, the country's Bitcoin mining operations are gaining significant momentum, supported by data from Ethiopian Electric Power. With a total installed generation capacity of 5,200MW—predominantly from hydropower, supplemented by wind and ther... cryptonews

Riot Platforms Acquires Block Mining for $92.5M to Boost Bitcoin Mining Capacity Riot Platforms, a prominent Bitcoin mining company based in Colorado, has announced the acquisition of Block Mining, a Kentucky-based competitor, for $92.5 million. This strategic purchase aims to enhance Riot's operational capacity by 16 exahashes per second (EH/s). The acquisition deal includes an $18.5 million cash payment and $74 million in Riot common stock, as detailed in a press release dated July 24. The transaction immediately boosts... Coinatory

Texas Bitcoin Mining Sparks Health Concerns Texas is rapidly emerging as a Bitcoin mining hub, but residents in local towns are experiencing hearing issues, headaches, dizziness, and sleep disturbances. The escalating conflict between the economic interests of Bitcoin (BTC) mining and the quality of life of Texas residents underscores the need for comprehensive policy solutions. Texas is home to 10 out of the 34 major Bitcoin mines in the United States. In 2021, after China’s crackdown... Texas Bitcoin Mining Sparks Health Concerns Coinatory

Heroes can indulge in trifling beer-bar fights. Super-heroes can’t. There is no time. There is a new tussle between Ayres and Wrights of the crypto world that has shaken up the industry yet again from a cosy slumber. Thanks to an alien force that is as intriguing and important to the plot as a Hodlonaut. There are collateral damages in the form of Bitcoin SV (BSV) delisted from Binance and then a supposed replay for Bitcoin Cash (delisting expected in June 2019) by Japanese player SBI Holdings. There is Kraken, ShapeShift and lots of other players meanwhile taking sides in their chosen armies. The only twist in the plot however - Is Thor really avenging Heimdall? Is Doctor Strange going to re-integrate by some stroke of future? W ... Read more about " BSV- Not End of Game. Starting a War " on coinatory.com

During the meeting with the representatives of the IT-sector on April 12 in the High-Tech Park, the President of Belarus, Alexander Lukashenko said: Wait, we will launch a nuclear power plant, (there will be) a surplus of electricity … I left the place there. We will build farms and mine these bitcoins and sell them. Moreover, they say, if you have bitcoin, it"s not a problem to sell it. The first power block of Belarusian Nuclear Power Plant (BelNPP) is planned to be launched in December 2019, the second - in summer 2020. The country became attractive to IT-sector and cryptocurrency and blockchain-related business for over a year by now. Decree No.8 dated December 21, 2017 "On Digital Economy Development" was signed by the P ... Read more about " Belarus: a place for mining granted by the President " on coinatory.com

The National Development and Reform Commission of China (NDRC) wants to ban bitcoin mining. The corresponding document appeared on the website of the organization. How will it possibly influence bitcoin? Well, let"s figure out what possible outcome this decision might give to bitcoin network - this will reduce the hashpower of the network, blocks will be harder to be confirmed, it will take longer to calculate one block. This situation might look as a disaster, considering the fact that by some calculations, up to 60% of the hashpower of the entire network is currently located in China. According to the logic of an average human-being, we imagine a huge factory with some production lines that are constantly printing bitcoins as the ... Read more about " What if China bans bitcoin mining? " on coinatory.com

Advertising and Mining: Oil and water? Beer and Milk? From clever brains to wicked skulls, from new-age Salons to dark alleys of malvertisers; many have tried to mix these two ingredients for more revenues. The right cocktail has still not come about though. Neither cryptocurrency is egg yolk, nor a digital ad cottage cheese; but somehow these two end up turning into a ‘Cement Mixer’ or ‘Motor Oil’ when shaken together. There has to be some safe spot in this spectrum between a sticky mass and a black mess. Well, a lot of shots have been taken at that. And yet, we are staring blankly at a table that has set the same concoction of confusion again. On one side are announcements of mining services (and banner-ad alternatives) lik ... Read more about " Malvertising " on coinatory.com

On Tuesday, March 26, 2019, Bitmain IPO application on the Hong Kong Stock Exchange expired. The Chinese bitcoin mining giant filed an application on September 26, 2018, and the Hong Kong Stock Exchange had six months to review. The inaction of the exchange means that the order has been cancelled. In its blog, Bitmain writes: We do recognize that despite the huge potential of the cryptocurrency and blockchain industry, it remains a relatively young industry which is proving its value. We hope regulatory authorities, media, and the general public can be more inclusive to this young industry. We will restart the listing application work at an appropriate time in the future. Further, Bitmain says that the IPO preparation process ... Read more about " Bitmain IPO canceled " on coinatory.com

The bubbly is unmistakably all around as experts and security -industry players take stock of new crypto-threats and malware attacks gaining steam and ground. Count the bottles of champagne popped and you would know. Get up and brush the dust away from last year’s attacks. If 2018 was abuzz with cryptocurrency wallets, Salty Spider malware trapping cryptocurrency users (specially Electrum BTC Wallets), BTC ransomware payment demands and crypto-jacking, 2019 is showing starker and stronger intersections between the orbits of cyber threats and cryptocurrency.  As always, the devil lurks in the fine print. But let us skim through the bigger fonts first. They will jump us through the hoops faster. Strap yourself for words like m ... Read more about " 2019: A Happy - and New - Year for crypto-conmen and thieves so far " on coinatory.com

Miners seem to have recovered from the losses incurred due to the collapse of the cryptocurrency market in 2018, and increased productivity by more than 30%. Bitcoin hashrate network has been steadily increasing since the end of last year, which indicates the activation of mining pools. Miners worked hard even when the price of the main cryptocurrency fell. The corresponding post on Twitter posted analytics service DRIVE Markets. They emphasized: https://twitter.com/DriveMarkets/status/1085345397025910784 It is quite possible that bitcoin mining has once again become profitable, since during the period of the fall of the crypto-market many mining pools reduced mining of coins or stopped it altogether. Those miners" teams ... Read more about " The activity of bitcoin miners has increased by more than 30% since the end of 2018 " on coinatory.com

The authorities of Norway approved the budget for 2019, in which there are no subsidizing energy tariffs for miners. As Forbes publication clarifies, citing the Norwegian media, from January next year, the mining pools will pay for electricity at standard rates. According to experts, the abolition of benefits for miners in the country can lead to the situation that the mining of digital currencies in Norway will no longer be profitable, and miners will be forced to stop their activities there. However, the authorities of the country hold a different point of view and believe that everything is done correctly. The representative of the Norwegian parliament Lars Halbrekken said: Norway can not provide benefits for the dirtiest form ... Read more about " Norwegian miners will lose electricity price privileges " on coinatory.com

According to eToro"s senior market analyst Mati Greenspan, the current bitcoin hashrate is the lowest since August of this year. Some may think that this situation is caused by the miners that switched to Bitcoin Cash to help in the pointless hashwar, but that doesn"t seem to be reasonable as there was no increase in hashrate. The only good reason is that mining became unprofitable for private miners and only large-scale mining seems to be able to survive during the current price drop of Bitcoin. Switching off the hardware in such a situation will make you avoid losses. It seems like the worst scenario described in the article  “When will Bitcoin change its trend” starts to develop. It"s time to become the HODLer or to wai ... Read more about " The sharp decline in Bitcoin hash rate " on coinatory.com

The Japanese company GMO Internet published its financial indicators for the third quarter, in which it showed the profitability of its cryptocurrency businesses, despite the “harsh external conditions”. Reported by Cointelegraph. GMO reports that the production of its own mining equipment and a cryptocurrency exchange for the third quarter brought 2.6 billion yen in profits ($ 22.8 million). GMO Coin, the company"s cryptocurrency platform, in October reached 208,000 users with a trading volume of 89 billion yen ($ 781 million), and quarterly profit rose by 34.4% compared with the previous quarter. The mining segment of GMO also became profitable, but the numbers in the second and third quarters indicate a decrease in market act ... Read more about " Despite the “harsh external environment”, GMO"s crypto business remains profitable " on coinatory.com

American scientists compared the cost of electricity for mining and metal mining. It turned out that it is more expensive to mine cryptocurrency. This was stated by scientists Max Krause and Thabet Tolaymat. According to the study, which was published in the journal Nature Sustainability journal, mining entails a very large expenditure of energy. For example, the energy consumption of the entire Bitcoin network, according to various estimates, varies from 4-5 TWh per year to 26 - 44 TWh per year and even 46. These figures are comparable to total electricity costs in Hong Kong and Ireland. ... Read more about " Crypto mining has become more expensive than gold mining " on coinatory.com

Bitmain, the Chinese giant of bitcoin mining, announced two new ASIC miners of the Antminer series, equipped with 7-nm chips. On her Twitter, Bitmain announced: https://twitter.com/BITMAINtech/status/1059636075243524098 According to the Cointelegraph, Bitmain CEO Jihan Wu said in his recent speech that the new chip combines “over a billion transistors” using a special technology with low power consumption. Recall that recently Bitmain announced the release of a firmware update with support for AsicBoost for all Antminer models, which, according to the company, should increase the "efficiency" of devices. ... Read more about " Bitmain announced the date of sale of 7-nm ASIC Antminer S15 and T15 " on coinatory.com

The Spanish authorities want to restore order in the cryptocurrency industry and force all citizens to provide information about their digital assets. The corresponding bill was approved by the Spanish government, Bitcoin.com reports, citing local news sources. The main objective of the document will be the fight against tax evasion from income derived from operations with digital money. The supporter of the introduction of such a rigid bill is the Minister of Finance Maria Jesus Montero. She believes that it is necessary to force all ... Read more about " New regulations of cryptocurrency in Spain " on coinatory.com

The Chinese mining giant Bitmain has introduced a new firmware for Antminer s9, which activates the AsicBoost cryptocurrency mining optimization algorithm. In addition, a week later the company will make the same update to other models based on the BM1387 chips: Antminer R4, S9i, S9j, T9 and T9 +. Reportedly, this step “will increase the effectiveness of several Antminer models and will create a context for the development of a serious network with long-term plans.” https://twitter.com/BITMAINtech/status/1054329450018435074 Bitmain exp ... Read more about " Updated firmware Antminer s9 from Bitmain activates AsicBoost " on coinatory.com

Malwarebytes experts believe that the ransomware became the favourite method of crypto hackers once again, although in the recent past they preferred crypto jacking. Experts believe that the reason for the change of tactics was a prolonged decline in the cryptocurrency market, as well as new measures to protect against hidden mining. Yet another reason for that might be The Monero Malware Response, initiated by Monero community as this coin was mostly used in crypto jacking because it makes hackers almost impossible to find. Fbot might ... Read more about " Disappointed by crypto jacking, hackers returned to ransomware " on coinatory.com

October 18th is the date for Monero update. The update is planned and happens twice a year for this coin. What to expect from the leading privacy coin from the top 10 cryptocurrencies? Increasing privacy! Pointing out the new upcoming features: enabling Bulletproofs to cut transaction size, verification time, and fees by approximately 80%; mandatory ringsize of 11 (as another privacy improvement) new PoW (Proof-of-Work) algorithm as another step in ASIC resistance, started by the previous update - Lithium Luna Check the ... Read more about " Monero: 0.13.0 "Beryllium Bullet" Release " on coinatory.com

We all know one of the main principles of the cryptocurrency blockchain - transactions cannot be cancelled and once the funds are sent, there is no way to return them. Some people consider this as a major fault of cryptocurrencies in general and the reason why cryptocurrencies like bitcoin, should be never used as means of payment. But is it really so? The answer is, both "yes" and "no". Let"s use bitcoin as an example. There are actually some possibilities to make the bitcoin transaction cancelled. However, these methods are quite ... Read more about " Cheating at bitcoin. Cancelling transactions " on coinatory.com