Mining cryptocurrencies has become a popular way for tech-savvy investors to make money in the cryptocurrency market. However, miners require the best crypto mining rigs with the cream of the crop processors to optimize profits as mining becomes more complicated and the market becomes more competitive. In light of this, Bitcoin Market Journal has created […]
Russia’s low electricity prices were a major factor in the enormous increase in demand for discounted ASIC Bitcoin mining equipment in Q4. However, there is still a bleak future for miners around the world. JUST IN: Demand for #Bitcoin mining ASIC has “skyrocketed” in Russia – Russian newspaper Kommersant 🇷🇺 — Bitcoin Magazine (@BitcoinMagazine) December […]
Does Bitcoin mining involve a shovel? The simple answer to this question is no. However, it is more complicated than that. Using the underlying blockchain technology, Bitcoin (BTC) is the first decentralized digital currency that permits peer-to-peer transfers without the use of third-party mediators like banks, governments, agents, or brokers. Regardless of location, anyone on […]
Binance has been granted a temporary license approval from Kazakhstan’s Astana Financial Services Authority (AFSA), the regulatory authority in charge of the Astana International Financial Center (AIFC), according to a blog release from Binance on August 15. The announcement detailed that the approval requires the behemoth exchange to perfect the application process to earn it […]
Recently I went shopping at a gas station where everything was 75% off. I’m not in the habit of shopping at gas stations, because I drive a Tesla (which, incidentally, I bought with bitcoin). One of the great things about owning an electric car is you no longer have to worry about gas prices. It’s […]
Trading signals are informational messages indicating effective entry points. Today, traders actively use them to minimize losses and determine the most effective cryptocurrency trading strategies. A few years ago, crypto signals took place only in the binary options market. However, today they are actively used by cryptocurrency traders, both beginners and experienced ones. Timely incoming […]
According to a recent report from Bloomberg author Naureen Malik, Exxon Mobil, the largest oil and gas corporation in the world, is working on operating a Bitcoin mining facility with its excess gas production. Malik wrote in the report dated March 24 that “people familiar with the matter” revealed the plans to Bloomberg, although pleaded […]
The Ministry of Energy in Kazakhstan has reportedly shut down 13 unauthorized mining farms across the country, as the Kazakh government doubled down on its efforts to regulate the crypto mining space in the country. Currently, Kazakhstan claims the number two spot when it comes to its contribution to the global Bitcoin hashrate with 18.1%. […]
Environmental conservatives continue to bash Bitcoin, as they believe it poses a significant environmental threat. Environmentalists have criticized the network’s proof-of-work consensus mechanism considering the amount of energy it requires to execute its mandate. However, Bitcoin supporters have called out environmentalists for never criticizing the energy consumption of the US dollar and how it is […]
