Bitcoin Price Dips Despite Positive U.S. China Trade Talks

Bitcoin price slipped today as trade talks between the United States and China took a positive turn. According to reports, China may ease tariffs against US imports suggesting that a limited trade deal is in the works. Bitcoin Price Slacked Off from the $9,500 Level The Chinese Commerce Ministry announced Beijing and Washington had reached […]

Continue Reading

Russian Bitcoin Miner Wants To Control 20 Percent of Global BTC Mining

Bitcoin mining will breathe new life in a closed Russian aluminum plant which lost access to American customers following the introduction of U.S. sanctions in April 2018. Russian Mining Company’s (RMC) Dmitry Marichinev wants to ramp up BTC mining across Russia. For this, he has sought ground in the Nadvoitsky Aluminum Plant (NAZ) in Karelia. […]

Continue Reading

Bitcoin Miners Prepare For 18 Millionth Coin As Just 14% Of Supply Remains

Bitcoin miners will mine the 18 millionth BTC this week, leaving just 3 million left to release before mining stops in the distant year 2140. 3 Million BTC, 120 Years Data from monitoring resource Blockchain confirmed that the total Bitcoin 00 supply had reached 17.92 million as of October 14. According to block calculations, the […]

Continue Reading

China’s Inner Mongolia to Drive Out Cryptocurrency Miners

Authorities in China’s autonomous region of Inner Mongolia released a notice requiring local cryptocurrency mining firms to stop their operations, according to ChainNews. Is Inner Mongolia Starting a Trend Among China’s Authorities? China has enjoyed that status of the world’s hub for cryptocurrency mining since it hosts a good share of crypto miners who’re looking […]

Continue Reading

Bitmain to Increase Hashrate By 50% With 600,000 New Mining Chips

Showing renewed optimism, Bitmain is increasing its investments in the crypto mining industry. Now, Bitmain is reportedly buying 600,000 new crypto mining chips. As a result of this new investment, the company expects to make over $1 billion in profits. Bitmain to Increase its Capacity By 50% Hash rate The battle to produce fast cryptocurrency […]

Continue Reading

Bitcoin Mining May Prove Useful for Gas Well Owners

Gas companies in Canada are utilizing trapped natural gas otherwise flared to the atmosphere for bitcoin mining, creating a useful application for illiquid energy. Why Flare When You Can Mine Bitcoin Canadian gas companies in Alberta are developing means of utilizing natural gas to power bitcoin mining farms. This revelation is according to Francis Pouliot […]

Continue Reading

Iran Formally Allows Bitcoin Mining Despite Trading Ban

Iran will adopt a strangely paradoxical stance on Bitcoin as it legalizes mining while maintaining a ban on trading.  Central Bank: Bitcoin Mining ‘Should Be Done’ According to local media outlet Press-TV and others, Iran’s central bank plans to allow cryptocurrency mining some legal freedom following an uncertain few months.  As Iran battles increased US […]

Continue Reading

Was Benjamin Franklin The Bitcoin Miner Of His Day?

Bitcoin has since inception, had the potential to revolutionize money and the world economy. But haven’t we seen all this before? A new article suggests that Benjamin Franklin was doing the equivalent over 250 years ago. The First Bitcoin Revolution Of course, 250 years ago, Bitcoin was still just a twinkle in (Dr) Craig Wright’s ancestor’s […]

Continue Reading