Tag: mining

Jack Butcher, a creator of Visualize Value, an online courses platform, launched the “Care Package” project, which enables crypto and NFTs to play a new role in charitable giving for Afghani citizens in particular. With the rising conflict throughout Afghanistan, Jack sought out NFTs as a way to help those in need. The United Nations…

Ethereum is surging steeply last few days. Many investors are betting on the world’s second-largest cryptocurrency by market cap after its new upgrade with the codename “London” took place. This update should change the fee structure of each transaction, making those fees less volatile while reducing the amount of ETH in circulation. Another major transformation…

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…

Bitcoin surged above $39,000 on Sunday for the first time since mid-June after recent bullish comments from Twitter CEO Jack Dorsey and Tesla CEO Elon Musk. Experts attributed the moves to the lowering concerns over the environmental impact of Bitcoin mining and China’s regulatory crackdown. Despite a recent fall below $30,000, Bitcoin surged up nearly…

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…