Bloq Labs’ Titan Aims to Simplify Crypto Farming

Bloq Labs’ Titan Aims to Simplify Crypto Farming

Titan, a new product from Bloq Labs, aims to make it easier to set up and run new blockchain miners in global farms. The software is essentially a web-based mining manager for owners of large setups. You install it onto your machines and then launch a server that will collect and analyse all of the miners on your network. Once it has everything sorted, it will show their output, allow you to manage security and uptime, and generally makes it easy to see your network at a glance. It also manages overclocking and shows you, at a glance, how hot each machine is running.
Desktop Crypto Mining App HoneyMiner Comes to MacOS

Desktop Crypto Mining App HoneyMiner Comes to MacOS

HoneyMiner, a desktop-based crypto mining application, has released a new version for MacOS users. HoneyMiner, which launched in July 2018, accesses your CPU or GPU and uses it to mine various cryptos.
Hut 8 Mining on Sustainability, Expansion and Surviving Crypto Winter

Hut 8 Mining on Sustainability, Expansion and Surviving Crypto Winter

Hut 8 Mining (named after Hut 8 in Bletchley Park, where Alan Turing broke the enigma code and accelerated the end of World War II) has just filed its audited financial statements for 2018, detailing a tight but still profitable bitcoin mining business. For most mining companies, 2018 was a difficult year. But Hut 8 hung in and, despite having to do a write down, was able to post a small profit.
Fundamental Labs Fund to Invest $44 Million in Brand-New Bitcoin Miners

Fundamental Labs Fund to Invest $44 Million in Brand-New Bitcoin Miners

Fundamental Labs, a blockchain fund manager that’s backed Binance, Coinbase and Canaan Creative, is investing $44 million in top-of-the-line bitcoin miners, a longer-term bet than most are making in the sector. Revealed exclusively to CoinDesk, the Shanghai-based firm plans to run 20,000 to 30,000 units of brand-new mining equipment starting in June to capture on the cheap hydropower electricity during the rainy summer in China’s southwestern region. “Mining is the fundamental block to support the whole crypto ecosystem.
Oil Field Alchemy: How Bitcoin Can Turn Waste, Emissions into Proof-of-Work

Oil Field Alchemy: How Bitcoin Can Turn Waste, Emissions into Proof-of-Work

In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin. “Bitcoin’s a great arbitrage mechanism for these companies. Anywhere you go, oil and gas producers are having issues,” Steve Barbour, founder of Canadian company Upstream Data, told Bitcoin Magazine.
Binance Hacked for $40M, CEO Backpedals on Recoup Via Block Reorganization

Binance Hacked for $40M, CEO Backpedals on Recoup Via Block Reorganization

Chinese crypto exchange Binance suffered a major hack on Tuesday, which the company’s CEO responded to by proposing a rollback of the Bitcoin blockchain to rectify — a suggestion that riled up the community. The company formally notified the public via an announcement on the evening of May 7, 2019, claiming that the hackers had employed a diverse range of tactics from outright viruses to social engineering techniques such as phishing scams.
London-Listed Argo Blockchain Adds 1,000 Miners in Bid to Salvage Stock Price

London-Listed Argo Blockchain Adds 1,000 Miners in Bid to Salvage Stock Price

Publicly listed crypto mining firm Argo Blockchain has said it’s expecting to break even this quarter after a recent investment in new equipment. In a press release posted on the London Stock Exchange (LSE) website Wednesday, the struggling firm said that its new batch of 1,000 Bitmain Z11 miners came into production last week and that the directors expect margins to improve as a result.
Bitcoin Transactions Spike in April While SegWit Keeps Fees Low: Report

Bitcoin Transactions Spike in April While SegWit Keeps Fees Low: Report

Research has shown that the number of on-chain Bitcoin transactions has risen dramatically throughout 2019, nearing the volume of Bitcoin’s peak in December 2017. Even so, transaction fees are a fraction of what they were around bitcoin’s all-time high, likely due to the continued uptick of SegWit transactions on the network. These findings were published in the May 6 edition of digital asset publication Diar.
‘One-Stop Shop’ for Crypto Mining and Trading to Launch Spot Market May 23

‘One-Stop Shop’ for Crypto Mining and Trading to Launch Spot Market May 23

Cryptocurrency exchange and mining startup Bcause LLC is a few weeks away from launching its spot market. The Chicago-based company has tentatively set May 23 as the go-live date for bitcoin, bitcoin cash, ether, and litecoin, co-founder and chief marketing officer Thomas Flake told CoinDesk. In anticipation of the launch, it has obtained money transmitter licenses in eight states, with 20 more applications pending, Flake said. Among the first states where Bcause will be available are Illinois, Virginia, Washington and Texas.
Bitcoin Miners Send Message at Fidelity: We Run on Clean Energy, Not Dirty Coal

Bitcoin Miners Send Message at Fidelity: We Run on Clean Energy, Not Dirty Coal

Bitcoin miners made the case for their industry as a driver of clean energy adoption, rather than the ecological disaster depicted by critics, at Fidelity’s Mining Summit Friday. The venue for the daylong event was as notable as the talks. The Fidelity Center for Applied Technology, an R&D division that has dabbled in bitcoin mining, hosted the conference at the financial services giant’s global headquarters in Boston.
Bitcoin Core 0.18.0 Release: Here’s What’s New

Bitcoin Core 0.18.0 Release: Here’s What’s New

Today, May 2, 2019, marks the official release of Bitcoin Core 0.18.0, the 18th generation of Bitcoin’s original software client launched by Satoshi Nakomoto almost 10 years ago, and still the dominant Bitcoin implementation on the network today. Overseen by Bitcoin Core lead maintainer Wladimir van der Laan, this latest major release was developed over a span of about six months, by over a hundred contributors.
Canadian Provinces Compete for Attention of Bitcoin Mining Businesses

Canadian Provinces Compete for Attention of Bitcoin Mining Businesses

In Canada, individual provinces are responsible for energy issues, and their interest in Bitcoin mining is growing as several provincial governments have already offered low-cost energy incentives to attract mining operations to their provinces. Quebec, the largest Canadian province, wants in on the action and has overruled its energy provider Hydro-Québec’s request for a rate increase for Bitcoin businesses, in order to allow Bitcoin miners to have the same hydro rate as the largest industrial customers.
Funding Approved for Audit of Ethereum’s ProgPoW Mining Proposal

Funding Approved for Audit of Ethereum’s ProgPoW Mining Proposal

Ethereum developers announced today that funding has been approved to audit the hotly-contested code change known as Progressive Proof-of-Work or ProgPoW. Since February, developers have been gathering the funds necessary to back a third-party audit of the ProgPoW code. Today, during a weekly meeting, it was announced that the targeted amount of 50,000 DAI (equivalent to roughly $50,000) has been fully met through crowd-sourced donations on open-source bounty platform Gitcoin, as well as other unnamed sources from the community.
Final Frontier and Bitfury Launch Regulated Bitcoin Mining Fund

Final Frontier and Bitfury Launch Regulated Bitcoin Mining Fund

Following approval from European authorities, Swiss investment firm Final Frontier is partnering with Bitfury Group to launch a regulated bitcoin mining fund for personal and institutional investors. Bitfury announced the partnership on April 24, 2019, describing the project and some of the advantages that this mining fund will offer to investors.
Belarus Could Get a Nuclear-Powered Bitcoin Mining Center

Belarus Could Get a Nuclear-Powered Bitcoin Mining Center

Aleksandr Lukashenko, the president of Belarus, met with the country’s IT community to discuss the growth of its native tech industry, according to the state-owned national news agency, the Belarusian Telegraph Agency. The meeting was reportedly set up at the president’s request and he promised government support for Belarusian fintech companies.
Canadian Province Offers Low-Cost Energy Incentives to Bitcoin Miners

Canadian Province Offers Low-Cost Energy Incentives to Bitcoin Miners

They’re doing it in British Columbia, Quebec, Manitoba, Alberta and Labrador — bitcoin miners in Canadian provinces are taking advantage of the country’s cool climate and abundant supplies of hydroelectric power. A number of provincial governments are offering lower rates to attract bitcoin miners and Labrador’s government is considering energy incentives to attract what it says are “outstanding requests for service” from bitcoin and other “data centre” processors, according to a report from the National Post.
As Supply Exceeds Demand, Mining Price War Ignites in Sichuan

As Supply Exceeds Demand, Mining Price War Ignites in Sichuan

This article was originally published by 8btc and written by Chloe Jiang. The former director of Bitmain’s mining farm, a leading bitcoin mining operation, once said the wet season may not be as much of a boon for miners as many thought.
China’s Proposed Mining Ban Could Be Detrimental to Bitmain

China’s Proposed Mining Ban Could Be Detrimental to Bitmain

China’s state planning agency, the National Development and Reform Commission (NDRC), has indicated an interest in banning cryptocurrency mining in the country through a notice published online in Mandarin. The report stated that the NDRC will include cryptocurrency mining activities to a list of sectors that could be shut down based on their violation of local regulations, wastefulness, safety concerns or harmful contributions to the environment.
Bitmain Reveals Specifications for Its ‘Profitable’ Antminer 17 Series

Bitmain Reveals Specifications for Its ‘Profitable’ Antminer 17 Series

This article was originally published by 8btc and written by Chloe Jiang. Bitmain, the world’s largest bitcoin miner manufacturer, has announced specifications for its Antminer 17 series machines, which will be globally available on April 9, 2019.
Bitmain Announces Antminer s17 Date: Can It Turn the Company’s Fortunes Around?

Bitmain Announces Antminer s17 Date: Can It Turn the Company’s Fortunes Around?

Cryptomining manufacturer Bitmain has revealed the release date for its next-generation Antminer S17 series. The S17 set of miners includes the Antminer S17 Pro, Antminer S17 and the Antminer T17. The Antminer S17 is the latest in the company’s line of fabless mining chips. According to the post, the chips, which are expected to go on sale from April 9, 2019, will provide an energy-efficient means of mining popular cryptocurrencies such as bitcoin and bitcoin cash.
Bitmain Reportedly Will Sack More Than Half of Workforce

Bitmain Reportedly Will Sack More Than Half of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.
Energy Incentives Make Bitcoin Mining a Natural Fit for B.C., Canada

Energy Incentives Make Bitcoin Mining a Natural Fit for B.C., Canada

When it comes to bitcoin mining, Canada is a natural.  A temperate climate helps to keep mining equipment cool, and plentiful renewable energy from hydroelectric dams gives Canadian provinces like British Columbia a natural advantage with cheaper electricity costs. B.C. is sitting on a large surplus of hydroelectric energy, as depleted resources have resulted in the closures of many pulp and paper mills and traditional mines. The power surplus is also a result of the success of alternative energy and energy conservation initiatives.

Difficulty Adjustment on Horizon: Are Miners Going to Save Bitcoin After All?

Miners have been attributed to much of the price decline from the US$6,000 range, and they may very well be responsible. When miners flocked to Bitcoin Cash before the SV fork to chase double rewards, Bitcoin started to tumble. As prices continued to drop, so did the number of miners forging blocks. However, they still may be the saving grace that turns the entire market around. The Bitcoin hashrate briefly reached an all-time high of over 60 exahash per second (EH/s) on November 1, before free-falling to recent lows of 35 EH/s, a drop that almost resulted in a halving of hashrate on the network.
Bitmain Follows Industry Trend, Shutters Operations in Israel

Bitmain Follows Industry Trend, Shutters Operations in Israel

Chinese-based cryptomining firm Bitmain is shutting down the operations of Bitmaintech Israel, its research and development (R&D) center in Ra'anana, Israel, according to reports from local news outlet Globes. The R&D center, which produced Bitmain's first Israeli mining pool ConnectBTC, was launched in 2016 to explore meaningful use cases of blockchain technology, as well as artificial intelligence for the company's Sophon project.
Bitcoin’s Network Just Experienced Its Second Largest Downward Adjustment

Bitcoin’s Network Just Experienced Its Second Largest Downward Adjustment

As the market continues to tumble (and mining profits have dwindled), Bitcoin’s mining difficulty dropped by its largest percentile in seven years — the second largest downward correction in the cryptocurrency’s lifetime. The last time bitcoin experienced an adjustment on par with this recent one was on October 16, 2011, when it dropped 13.