A Simple Guide to Mining Pools
In almost every article related to Ethereum and Bitcoin, you must have come across the term mining pool. In this article, we will focus on the mining pool and the different types of mining pools present in the market.
Tag bitcoin-mining
How Bitcoin Mining Work? [Technical]
In simple words, BFT lets a decentralized system function normally in an adverse situation when there is a malicious user in the system, or a fraction of the system fails.
When the majority of users in a system are ethical personals (i.e., people who follow the rules), they can override the malicious work done by non-ethical individuals. So for a system to function normally, at least 51% of users should adhere to the rules set up in the system. This gives rise to consensus, which is the general acceptance of specific rules and regulations.
What is Bitcoin mining? [Everything you need to know]
What is Bitcoin mining and how it works? Also understand why miners are important and the cost of bitcoin mining.
Bankrupt BTC Miner Core Scientific gets court nod to borrow $70M from B. Riley
The loan would primarily be used to pay off its existing debtor-in-possession (DIP) financing loan
Bitcoin Mining Giant Core Scientific May File for Bankruptcy Soon
Key Takeaways: Core Scientific, one of the largest bitcoin miners, may run out of cash by the end of 2022, prompting it to declare bankruptcy. Following the news, the shares took a significant hit. One of the biggest Bitcoin miners…
Russia Agrees to Make Bitcoin Mining Legal in Energy-Prosperous Regions
Key Takeaways: Russian government agencies are negotiating a deal to make Bitcoin mining legal in areas with plenty of electricity. An efficiency guideline for crypto mining in Russia has been developed by crypto researchers. Russian authorities have reverted to focusing…
Compute North, a Bitcoin Mining Data Centre Files for Bankruptcy
Key Takeaways: A Bitcoin (BTC) mining data center company named Compute North has filed for Chapter 11 bankruptcy. The corporation has assets valued between $100 and $500 million but owes about 200 creditors $500 million. The CEO of Compute North,…
Public Miners sold 25% of their Bitcoin Holdings in June, Study Reveals
Key Takeaways: In June, bitcoin miners liquidated about 14,600 bitcoin on the market. May marked the first month where miners sold over 100% of their production. Core Scientific is the largest bitcoin seller by far, dumping almost 10,000 bitcoin in May…
Mining is Still Profitable: RIOT Records Revenue Margin $38.9 Million in Q1 of 2022
Key Takeaways RIOT announced first quarter Financial Results on May 10th. The miner recorded revenue of $79.8 million. The company noted that the consistent mining revenue margin was due to the operating efficiencies of new generation miners at Riot’s Whinstone…
Bitcoin Miners seek ways to Dump Fossil Fuels
Key Takeaways: A Cryptocurrency “mining” company has relocated its computers to a wind farm in Texas. Bitcoin miners need thousands of computers to operate around the clock to validate bitcoin transactions. Mining, according to many economists and environmentalists, is becoming…
