Tag: Bitcoin mining
The level of centralization in mining is one of the more credible problems with Bitcoin today. While there has not been much activity in terms of actual attacks made possible through mining centralization (although some would refer to SegWit2x as an attack), it does add questions to...
Bitcoin critics always seem to be the loudest during bear markets, which means the most ridiculous negative statements about the digital asset are also made during these times. In addition to plenty of claims of bitcoin’s death from the likes of angel investor Jason Calacanis and economist Nouriel Roubini,...
The latest version of Coinshares’s bi-annual bitcoin mining report is now available, and it includes some fascinating conclusions in terms of the types of energy sources involved in the bitcoin mining process. According to the report, at least 77.6% of bitcoin mining is powered by renewable energy, which is...
Where miners once stood to mine olivine, computer equipment has now taken centre stage.
Located in the fjords of Norway is a former olivine mineral mine that began its operations in the late 1970s. Fast-forward to the 21st century and that mine has been converted into an underground data centre...
The hashrate securing the Bitcoin network continues to soar, surging to over 40 EH/s in June 2018 despite several months of downward pressure on Bitcoin prices. Current hashrate is now well over double the 2017 peak of around 13 EH/s, or to frame it differently, hashrate has increased by...
