Being as unsurprising as it gets, the reward halving in Bitcoin is an important event on many levels: it’s a historical milestone and a reason to recap on the progress made, a piece of news big enough to remind the public that Bitcoin is still here, and clear evidence of the predictable deflation that makes […]
Like any other high-power computing hardware, Proof-of-Work mining rigs turn lots of electricity into lots of heat, which makes this business very sensitive to geographic location. Large mining farms and data centers tend to congregate around the cheapest electricity providers available, preferably somewhere colder.
Bitcoin halving will keep happening at predetermined moments until there are 21 million coins. The thing is that it’s predetermined not in time, but in block height. The nearest halving is expected to happen in May 2020.
The last few weeks have been hard for the world economy and logistics. Logistics and supply chains are disrupted, some states close their borders and restrict public events. This doesn’t make investors happy, lowering business activity and total demand.
Halving is probably the most anticipated event of 2020 in the crypto-industry. It is a scheduled decrease in block reward from 12.5 to 6.25 BTC. Since the transaction fees comprise a small fraction of miners’ income, they will basically have half of the money cut out.
If you thought about starting to mine cryptocurrency but know only a little about it, you have come to the right place. In this feature, forklog.media will explain the basic terms of mining, show how it works, and help you understand whether the juice is worth the squeeze.
The war of consensus algorithms is still raging on. While some believe that only Proof-of-Work can underpin a real cryptocurrency, others think that its time passed long ago, and now it’s time for other algorithms like Proof-of-Stake.
Bitmain Technologies, the world’s largest Bitcoin miner manufacturer, has officially launched sales for its new Antminer 17 series machines on Tuesday, April 9.
China’s National Development and Reform Commission (NDRC), a central government agency in charge of formulating macroeconomic policies, has labeled cryptocurrency mining as an “undesirable” industry, recommending local governments to eliminate the sector in the country.
Despite calling off plans to go with its IPO application at the Hong Kong Stock Exchange, the beleaguered mining giant Bitmain Technologies is reportedly looking forward to the Bitcoin halving in May 2020. The company hopes it will boost the sales of its new 7nm chip miners planned to launch by the end of this […]
Chinese crypto mining giant Bitmain confirmed the restructuring of the company in order to “build a long-term, sustainable and scalable business.”
Japanese internet giant GMO Internet Group is quitting the Bitcoin mining hardware sector citing “extraordinary loss” in Q4 this year, Cointelegraph reported on Tuesday, December 25.