Titan Announces North American Bitcoin Mining Pool – Bitcoin Magazine

Cryptocurrency mining software provider Titan announced the creation of Titan Pool, a bitcoin mining pool based in North America. An announcement shared with Bitcoin Magazine emphasized the enterprise-grade services that participants in the pool would receive, as well as the importance of its geographic location. “Asia and Europe account for nearly all mining power on the Bitcoin network, with the vast majority of pools based in China,” per the release. “The Titan Pool offers a powerful North American alternative and a way for the continent’s Bitcoin miners to achieve the…

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HASHR8 Assesses The World Of Bitcoin Mining With Launch Of Index Reports – Bitcoin Magazine

Bitcoin mining-focused media company HASHR8 has launched the first report in its “Bitcoin Mining Index,” a planned series on the world’s prominent mining regions that offers detail on how the practice is taking shape and where opportunity lies around the globe. “Bitcoin mining is truly a global game,” a representative of HASHR8 told Bitcoin Magazine. “Each country has its own unique pros and cons for mining. We are focused on country-level distinction because much of this information is opaque, including regulations, business practices, climate and of course, electricity prices.” The…

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How to earn a profit mining Bitcoin and Ether

For the past several months, miners around the world have been extremely active, which can be seen through spikes in hash rates that coincided with a significant increase in the prices of cryptocurrencies. At the beginning of 2020, Ether (ETH) could be bought for $130, and now, ETH has reached $500. The king of cryptocurrencies, Bitcoin (BTC), added almost a cool $10,000 to its price. So, how can users engage with the industry? What has been obvious for some time now is that solo mining is not the way to…

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Binance launches Ethereum Mining Pool with 0.5% fees

After launching its Bitcoin (BTC) mining pool in April, crypto exchange Binance has now launched an in-house mining pool for the market’s largest altcoin by market cap, Ether (ETH). For the first month, between Nov. 12 and Dec. 12, Binance is trying to attract miners by offering a zero-fee regime. After that, those contributing their hashin power to the pool will be charged a competitive 0.5% commission on their earnings. Binance’s instructions for setting up a mining pool account note that participants will need to use a Windows or Linux operating system,…

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A New Bitcoin Mining Pool Claims It Has Tools to Censor Blockchain Transactions

A blockchain and technology company claims its new bitcoin mining pool is embedded with tools that enable the pool to censure transactions in the blocks they mine. According to a statement issued by the DMG, the parent company to Blockseer mining pool, this ability allows the latter to “exceed” the compliance requirements of the U.S. Government’s Office of Foreign Assets Control (OFAC). The mining pool’s ability to filter or censor transactions means “high-risk wallets will not be included in Blockseer’s posted blocks.” Detailing the company’s breakthrough, DMG, in a statement,…

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Listed firm sells $14M of shares for 1 EH/s in Bitcoin mining power

The Nasdaq-listed Bitcoin (BTC) mining company Bit Digital has announced it will issue $13.9 million in shares in exchange for mining hardware. According to a Nov. 11 announcement, Bit Digital has inked asset-purchase agreements with non-U.S. investors to issue 4,344,711 shares valued at $3.20 each in exchange for Bitcoin miners boasting a combined hash power of 1,000 petahashes per second (PH/s), or 1 exahash (EH/s). Bit Digital launched its BTC mining business in February 2020, quickly amassing 1,250 PH/s in power by October. The additional miners will nearly double Bit…

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Seasonal Fluctuations And Bitcoin Mining – Bitcoin Magazine

There has been much ado made recently over supposed seasonal mining fluctuations on the Bitcoin network.  The narrative goes that, as the rainy season in China comes to a halt around the August to October timeframe each year, cheap and abundant hydroelectricity dries up. This forces many inefficient late-model miners to shut off or move elsewhere to find more affordable, accessible energy — creating migratory or nomadic miners, if you will.  The narrative also claims that the network sees a significant drop in hash rate and difficulty at yearly intervals…

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Italian man caught allegedly using airport computer systems for ETH mining

An Italian airport staffer allegedly took advantage of the computer systems at his place of work in order to mine Ethereum (ETH). Employed at an airport located in the Italian city of Lamezia Terme, the staffer allegedly put mining malware onto the airport’s computer systems, said a news brief today from Italian media outlet Rai News. The employee is said to have set up multiple mining rigs on site, taking advantage of the airport’s backend systems in the process. Authorities eventually caught the culprit via security cam footage. Technical services provide…

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How to build a crypto mining rig in 2020 to earn Bitcoin and Ether

In a time of global crisis, a pandemic, and a generally unstable political and social environment, cryptocurrencies have shown remarkable stability. Moreover, the pandemic-induced economic downturn played into the hands of the industry by not only attracting professional cryptocurrency traders but also reviving mining as a way of generating passive income.  It is not surprising that countries experiencing difficult political and economic situations have witnessed a boom in the purchase of GPU cards in recent months. In the region of Abkhazia, where all crypto activities have been illegal since 2018,…

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Philippines Regulator Warns Investors to Steer Clear of Mining City’s Bitcoin Vault Ponzi

There’s a mining contract scheme people are discussing and making the rounds on the web called “Mining City” or “Bitcoin Vault.” The Philippines SEC recently put out a warning against the operation and the alleged masterminds behind the project. One thing is for sure, there’s been a number of crypto Ponzi operations over the years, and they typically attract a lot of users before they crumble. However, as the story goes with any pyramid scheme when the project crashes, only the top leaders make off with all the money. One…

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