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High-Powered Mining Rigs Drive Bitcoin’s Accelerating Hashrate

On August 19, the combined SHA-256 hashrate between the BCH and BTC networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant number of terahash. Currently..

Malaysia: Bitcoin Miners Raided Over Stolen Electricity

Malaysian’s electricity company recently stormed the location of some bitcoin miners suspected to be using electricity illegally. According to a report by the Malay Mail, the electricity utility company suffered a loss of over $760,000 due to the activities of the bitcoin miners. The case of elect..

Bitcoin Transactions Higher in 2019 Than Ever Before

Most attention directed towards bitcoin is focused on price but there are plenty of other metrics to ponder. One sign of growing adoption and usage is BTC transactions which are higher this year than ever before. Bitcoin Transactions Keep Climbing While the price has retreated almost 30% from its 2..

Btc.top CEO Highlights the Benefits and ‘Golden Mean’ of Bitcoin Cash

On July 23, the CEO of Btc.top, Jiang Zhuoer, debated Nchain’s chief scientist Craig Wright in regard to the civil war between BCH and BSV that took place in November. Amid the debate hosted by Bitkan, Zhuoer highlighted the top three advantages tied to the Bitcoin Cash ecosystem. During the dialogu..

How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste

We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining is act..

Market Outlook: Crypto Bulls Rally After Bearish Downturn

Since July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic on where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend. BTC and a slew of other currenci..

Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency...

Cryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation ..

Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned

According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Ir..

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