• Market Cap: $266b

  • Nov 23, 2024

Cryptocurrency Mining is used to generate minable cryptocurrencies like Bitcoin, Ethereum, etc. Mining requires immense energy and manpower to solve complex algorithms. People who set up systems to perform mining activity are called miners. Miners are rewarded with some share of the cryptocurrency on successfully mining a block.

Related Links: Cryptocurrency Mining Calculator

World's Biggest Cryptocurrency Mining Farm To Be Set Up in Upstate New York

The state of New York might soon become the Bitcoin Mining capital of the world as a $700 Million mining farm is expected to be set up in upstate New York soon

Bitmain’s Jihan Wu Considers Launching an IPO in Hong Kong

Jihan Wu is looking forward to taking Bitmain beyond the crypto markets - and considering to launch an IPO in Hong Kong that will take the company public!

New Intel Patent Hints at Automation of DLT Block Verification

Intel's new patent talks about a technique which would allow verification fo blocks by an automated process, potentially eliminating the need for miners.

Nvidia Q1 Profit Soars By 145% - $289 Million Generated from Cryptocurrency Mining

Nvidia recorded a revenue of $3.21 Billion in Q1 2018. Out of these $3.21 Billion, $289 Million came from sales to those involved in cryptocurrency mining.

China’s Bitcoin Mining Hardware Firm Canaan Creative To Launch $1 Bn IPO in Hong Kong

China’s second largest cryptocurrency mining hardware manufacturer Canaan Creative is all set to launch an IPO in Hong Kong. The company intends to raise $1 Bn.

Zcash Foundation Labels the Need For ASIC Resistance an ‘Immediate Technical Priority’

Josh Cincinnati, Executive Director of the Zcash Foundation stated that improving ASIC resistance has become an immediate technical priority for the foundation!

Cryptos for a Cause: UNICEF Website Mines Cryptocurrencies Using your CPU for Child Welfare

UNICEF is making use of Coinhive, a cryptocurrency mining script which makes use of the processing power of the visitors PC to help mine for cryptocurrencies.

51% of Bitcoin Mining Company Diginex Acquired by Hong Kong-based Alcohol Company

Diginex Limited announced the sale of 51% stake in its cryptocurrency mining and high-performance computing operations for $60 million to Madison Group Holdings

Cisco's New IoT-Blockchain Patent Can Potentially Be Used For Bitcoin Mining

Cisco's new IoT Oriented Blockchain Patent finds use beyond the realms of IoT and can possibly be used to mine cryptocurrencies!

Cryptocurrency Mining Company Firing up Old Power Plant

Australian innovation firm, The IOT Group, in collaboration with Hunter Energy plans to rekindle the Redbank control plant.