Tag: Mining

OKX broker abandons its mining pool

OKX broker abandons its mining pool

a OKX, a famous cryptocurrency broker, announced on Friday (26) that it will exit its mining pool. The service shutdown will happen in two phases, starting today and lasting until February 26. To explain further, the broker will not be accepting new user registrations from next Friday (26th). Already registered users can continue to use […]

Bitcoin breaks new record and Elon Musk responds: “Wow”

Bitcoin breaks new record and Elon Musk responds: “Wow”

Bitcoin’s hash rate, a metric used to measure the computing power of miners, hit a new record high in 2024. In total, estimates indicate that the machines securing Bitcoin generate more than 500 exahashes per second, i.e. 5 billion worth of mathematical calculations. per second. The numbers even impressed Elon Musk, CEO of Tesla, SpaceX […]

Bitcoin miners have shut down machines in Texas due to extreme cold

Bitcoin miners have shut down machines in Texas due to extreme cold

Although many consider Texas to be an extremely hot region, the US state is recording subzero temperatures this week. For this reason, Bitcoin miners shut down their equipment. The cold is not a problem for miners, on the contrary, it is great for helping to reduce the temperature of the machines. However, local miners have […]

Colombia’s mining sector will contribute $18 billion to the state by 2023

Colombia’s mining sector will contribute $18 billion to the state by 2023

As for the production of strategic minerals for the country, ACM projects that the production by thermal coal and the country’s metallurgical industry will close at about 71.7 million tons in 2023, while that figure would reach 77.3 million tons in 2024. As for coke production, it would end this year at 4 million tons […]

Small miners could be ‘swallowed up’ after Bitcoin’s halving

Small miners could be ‘swallowed up’ after Bitcoin’s halving

Bitcoin miner smiles next to machines After block 840,000, the block reward will be halved, from the current 6.25 to just 3,125 bitcoins. While this also affects large mining companies, it is likely that smaller companies will suffer more from this impact. Taking advantage of both Bitcoin’s appreciation and the rise in transaction fees, some […]

BBC says every Bitcoin transaction uses “a pool of water.”

BBC says every Bitcoin transaction uses “a pool of water.”

In an article published on Wednesday (29), the BBC states that every Bitcoin transaction uses a pool of water. According to the broadcaster, Bitcoin mining used 1.6 trillion liters of water in 2021. The news is based on a study published by Alex de Vries, an author who stated in 2017 that Bitcoin mining could […]

Twitter founder invests R$30 million in Bitcoin mining project

Twitter founder invests R$30 million in Bitcoin mining project

Jack Dorseyfounder of Twitter, led a $6.2 million (R$30 million) investment round linked to it OCEANa decentralized Bitcoin mining pool project founded by Luke Dashjrfamous BTC developer. In short, the main difference between OCEAN and other pools is that they do not hold the mined bitcoins in custody. In other words, balances are sent to […]

‘Lone’ Miner Makes R$1.23 Million From Bitcoin Alone After Beating Billion-Dollar Industry

‘Lone’ Miner Makes R$1.23 Million From Bitcoin Alone After Beating Billion-Dollar Industry

A solo miner was responsible for Bitcoin block number 818,588, which was mined last Sunday afternoon (26). As a reward, he received 6.74 bitcoins, approximately 1.23 million in direct conversion. Before him, another solo miner had received a similar reward in late October. By 2023, only 12 blocks have been mined by these miners, who […]

The user who paid R$15 million in Bitcoin fees says he was hacked

The user who paid R$15 million in Bitcoin fees says he was hacked

A user paid R$15 million to make a Bitcoin transaction last week, the highest amount ever paid in history. The tension surrounding the story seems to be over. The investor claims on social media to have been hacked. After creating a Twitter account with the name “Hackers paid 83.5 BTC fee with my money”the user […]

The user pays a fee of R$15 million for a Bitcoin transaction and makes history

The user pays a fee of R$15 million for a Bitcoin transaction and makes history

A user paid a fee worth R$15 million for a Bitcoin transaction on Thursday morning (23). The value is the highest in history, leaving Paxos’ error of R$2.5 million. According to data from the website Mempool.space, the fee paid by the clumsy user was more than 120 thousand times higher than necessary. Although Bitcoin rates […]