Cryptocurrency Analysis and News Portal
With the increase in Ethereum blockchain activity and amid the growth of ETH price, Ethereum miners were reported to have earned $500,000 in transaction fees in one hour – the biggest amount recorded ever.Ethereum miners have lately been cashing out at a higher rate through the consumers’ transaction fee collection
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Miners generated an estimated $368 million in August. Source
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Mongolian authorities have put the kibosh on cheap electricity for crypto miners, Venezuela is seeing healthy crypto use outside government-approved exchanges and a “critical bug” has left 13% of Ethereum nodes useless. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re
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Bitcoin miners are holding more bitcoins than at any point in the past two years as the cryptocurrency continues to trade above $11,000, signalling increased bullishness about future gains. According to wallet addresses tracked by Glassnode, miners are holding a total of more than 1.82 million bitcoins, setting a two-year high
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When Anshul Dhir got a 400% return on bitcoin in 2016, the Noida-based entrepreneur jumped in joy and decided to enter the world of digital currency. He left his government job and incorporated a startup named Qadcore to provide commercial mining facilities. His parents were baffled: ”Is crypto mining legal?
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The daily income earned by Ethereum miners has soared by over 60% in a month, shows data tracked by Ethereum mining pool Sparkpool. The surge in daily profit from Ethereum mining surge has also outpaced ether’s (ETH) price jump of 40% over the same period. The profitability rise comes thanks to
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Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining facilities are taken
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Even as bitcoin prices languish below $10,000, North American cryptocurrency mining companies are tapping into a flurry of fresh financing from investors to pay for new equipment upgrades, bolstering the blockchain network’s resilience and reducing its reliance on Chinese operators. More than $1 billion of new bitcoin-mining computers will be purchased
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Iran has reportedly issued permits for 14 bitcoin mining farms and will cut up to 47% off of the electricity tariff in order to support authorized cryptocurrency mining centers. Crypto miners will soon have to register with the government.Iran Licenses More Crypto Mining FarmsThe Islamic Republic of Iran has
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The Venezuelan military has seized 315 Bitmain Antminer S9 bitcoin mining rigs it claims are not properly registered to operate in the country. Although cryptocurrency mining is legal in Venezuela, miners say they have been unfairly treated, citing illegal seizures of mining equipment and police extortion.Venezuela Seizes Bitcoin Mining
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