Ethereum Miners Receive Over $300k in Fees for a Transaction of $14

An Ethereum (ETH) user is probably counting his losses as the Ethereum network charged him a staggering fee of over 2100 ETH to send $14 worth of ETH. While this may seem like a mistake, the user’s account is said to be very active and so chances of making such a mistake are really slim….

Read more »

How Miners Blossom During A Bear Market

Even though this past year wasn’t a very positive one for the cryptocurrency space, the crypto miners and mining firms had an even worse time! Due to the prolonged bear market and the massive drop in prices, many miners are either facing the music and shutting down their shops or keep on fighting in the…

Read more »

Distributed Digest: Tuesday, February 12, 2019

0x community governance, ProgPoW signaling, and Constantinople FUD. Your daily distillation of crypto news for Tuesday, February 12, 2019: 0x Pursues Community Governance The 0x team has drafted a 0x Improvement Proposal, ZEIP23, to add “the ability to trade arbitrary bundles of ERC20 and ERC721 tokens” using the 0x protocol. If approved, this functionality would…

Read more »

Hive Criticizes Norwegian Government Amid Concession Cuts to Miners

Hive Blockchain Technologies has published an update regarding the company’s response to the Norwegian Parliament’s recent approval of a legislative bill that will restrict cryptocurrency miners from accessing the tax relief on electricity consumption available to other power-intensive industries. The release criticizes the government’s “unilateral” move to suspend the subsidy without consulting with representatives of…

Read more »

Two Mining Companies Among Georgia’s Major Electricity Consumers

Two companies mining cryptocurrencies have topped a list of the largest consumers of electricity in Georgia. In this crypto-friendly nation, however, that’s not necessarily a sin or a disadvantage. Energy-intensive enterprises in the Caucasian country purchase the power they need at wholesale prices. Also read: Huobi and Major Russian Bank to Provide Legal Help to…

Read more »

Chatter Report: Buy Walls, Miner Anonymity and Bitcoin vs. the State

In today’s edition of Chatter Report, crypto influencers debate the importance of buy walls to support crypto prices, reason for and against miner anonymity and ponder the outcome of governments attacking bitcoin. Hodlers of Last Resort and Buy Walls Early bitcoin adopter and investor in Kraken, Trace Mayer, argues that crypto market capitalizations are important,…

Read more »

Bitcoin Cash [BCH] hard fork shouldn’t have any drama; miners to decide, states Litecoin [LTC]’s Charlie Lee

The show known as Magical Crypto Friends recently received its latest iteration, with the parties, Charlie Lee, the creator of Litecoin [LTC]; Samson Mow, the Chief Strategy Officer at Blockstream; WhalePanda, an influencer, and Ricardo Spagni, the lead handler of Monero [XMR]’s code, speaking about one of the most controversial topics that have been occurring…

Read more »

Hash Wars: Day Two and the Anticipation for BCH Trading Platforms to Reopen

It has been close to 24 hours since the Bitcoin Cash (BCH) blockchain split on Nov. 15, and the community is assessing the first day of battle. At the time of writing, both chains are still operational and the ABC chain has a 32-block lead on the SV chain. Now many BCH supporters are patiently…

Read more »

What is a Bitcoin Miner? Bitcoin Mining Explained

Source: Read Full Article

Read more »

A Guide to Building Your Own Crypto Mining Rig

Cryptocurrency mining has in many respects become an industrialized business. But despite the concentration of hashing power, the increasing difficulty and diminishing returns, in some cases it can still be profitable to mint coins as an amateur miner, probably the most honest way to earn some digital cash. Here’s a guide on how to build…

Read more »

Chechnya to Create Mining Pool for Eurasian Economic Union Countries

Chechnya will create a Eurasian crypto mining pool, the press secretary of the head of the Chechen Republic has reportedly confirmed. The project aims to combine the resources of crypto miners from the Eurasian Economic Union countries. Chechen Mining Pool Alvi Karimov, the press secretary for the head of Chechnya, confirmed to RBC news outlet…

Read more »

BCH Upgrade Debate Continues — Bitcoin Unlimited Reveals Fork Strategy

On August 21 Bitcoin Unlimited’s lead developer Andrew Stone wrote a proposal which outlined a strategy for the upcoming November hard fork. Stone explains that there are two changesets proposed by two different full node clients and Bitcoin Unlimited (BU) plans to implement consensus changes from both organizations, allowing participants the ability to vote for…

Read more »

Japan’s Internet Giant GMO Unveils New Crypto Priorities, Exchange Profits Up 7-Fold

Japan’s GMO Internet has unveiled new priorities for its cryptocurrency business along with the performances of its crypto exchange and mining operations. The changes going forward result from the bear market and increased total hash rate. GMO Coin Profits Up 7.3-Fold Japanese internet giant GMO published its second-quarter results for this fiscal year on Thursday….

Read more »

Bitmain Offers Wi-Fi Routers Mining Cryptocurrencies

Have you ever thought about mining cryptos while surfing the web without being a victim of some malware, of course? If so, Bitmain has an offer you might be interested in. The Chinese mining giant has just announced it’s offering a couple of Wi-Fi routers capable of minting digital coins while connecting you to the…

Read more »

Whats Most Profitable? Antminer S9, L3+,D3, or GPU Rig? ASIC Mining Showdown!

Source: Read Full Article

Read more »

New York State Approves a Bid to Provide Cheaper Electricity to Crypto Miners

Despite worries about cryptocurrency mining — from the impact that it can have on the environment to the potential impact it can have on the rates for other local electricity consumers — the state of New York has approved a bid to provide cheaper electricity to miners. State of Crypto Mining in New York Yesterday,…

Read more »

Gaming PC That Mines While Idling Hits Market in Russia

A hybrid computer, designed to please both gamers and miners, is now selling in Russia. The company offering the new PC promises a quarter ether of monthly income for gaming enthusiasts who would like to mine when their expensive configuration is idling. The premiere coincides with reports of new negative forecasts for hardware manufacturers.  Also…

Read more »

No License Needed to Mine Cryptocurrencies in Ukraine

Companies mining cryptocurrencies are not required to obtain a license, the Ukrainian state agency responsible for licensing regimes said this week. The annual revenue generated by the Ukrainian crypto mining industry amounts to over $100 million, according to recently published data. The country remains attractive to miners while mining costs in many other corners of…

Read more »

Why Crypto Miners Are Making Iceland their Top Choice For Mining

As Bitcoin and other cryptocurrencies gain traction with public awareness and societal usage, the incentive to mine coins gets larger and larger. Even with bitcoin in a bear market mining continues to grow in popularity. For miners, the only expenses they incur are the prices of the energy they use and the cost to maintain…

Read more »

Japan's GMO Unveils Specs and Price of 7nm Bitcoin Mining Rigs – On Sale Tomorrow

Japan’s GMO Internet has unveiled the price and specs of the GMO miner B2 equipped with 7nm ASIC mining chips. The mining capacity is 24 TH/s and the price of the machines will be adjusted monthly according to demand. Using GMO’s mining rigs, the power consumption can be reduced up to 20% and the cost…

Read more »