Mining

Polish Bitcoin miners took the idea of hiding in plain sight to a new level when they placed the rack with operating crypto machines inside police headquarters. As local media reported, Polish police have found a crypto-mining rig within its own police station. Warsaw police told the local news outlet Gazeta Wyborcza it has discovered…

Bitcoin has proven to be resilient even against such a strong shock as mining restrictions in China. Regions that offer the necessary infrastructure and easy regulations for transferring miners will gain the biggest benefit. The Cambridge Centre for Alternative Finance, a creator of the Cambridge Bitcoin Electricity Consumption Index (CBECI), estimates that China shared 46%…

What is mining? Mining is the process of creating valid blocks that add transaction records to Bitcoin’s (BTC) public ledger, called a blockchain. It is a crucial component of the Bitcoin network, as it solves the so-called “double-spend problem.” The double-spend problem refers to the issue of needing to find consensus on a history of…

New data from Cambridge University shows that the geography of mining has drastically changed over the last six months, and experts tell CNBC this will improve Bitcoin’s carbon footprint. By this May, China has been accounted for nearly 75% of all Bitcoin miners at its peak, according to the Cambridge Centre for Alternative Finance. But…

Decentralized derivatives exchange SynFutures launched the DeFi futures, letting miners hedging against Bitcoin mining difficulty and all the factors affecting their mining returns. SynFutures announced a new product called Bitcoin Hash Rate Futures that uses the mining difficulty of Bitcoin as a basis to open long or short positions. The new offering is described as…

Major blockchain hosting and digital asset mining company Core Scientific is going public through a merger with Power & Digital Infrastructure Acquisition Corp., valued at around $4.3 billion combined. On Wednesday, Core Scientific Holding Co., one of the largest mining companies in North America, announced its plan to go public on Nasdaq via a special…