News
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BT Daily New: Demand for Crypto Mining Rigs Skyrockets in Russia Amid Low Energy Costs
Demand for Application-Specific Integrated Circuits (ASICs) miners, specialized cryptocurrency mining rigs, has increased significantly in Q4 2022 in Russia, as reported by a local news outlet Kommersant. The surge in demand was driven by low equipment and electricity prices, the report added. -
BT Daily News: MakerDAO is voting to raise the Dai Stablecoin's yield and more
Major cryptocurrencies, after reeling under intense pressure from the FTX contagion resulting in a prolonged crypto winter and a string of bankruptcy protection filed by crypto firms, traded in the green on Tuesday. -
BT Daily News: Bitcoin miners look to software to help balance the Texas grid, and more
Although Bitcoin (BTC) mining remains a controversial topic, it’s becoming more common to hear how Bitcoin mining can help balance grid demand. This is being demonstrated in the state of Texas, as Bitcoin miners are able to participate in demand response programs, which incentivize miners to turn off their operations during peak demand. -
BT Daily News: Does Bitcoin Mining Bring Any Profits? and more
Bitcoin mining is carried out using specialized processing equipment, and miners are paid in Bitcoin in exchange for validating transactions on the blockchain by resolving a challenging problem known as a "hash." -
Bitcoin mining amid new resources and abandonments
At a time in history when the crypto market is in the midst of an adolescent crisis between marketplaces that are jumping and a Bitcoin that is holding its own despite the situation (showing great strength and solid foundations) mining remains a tool that knows how to attract resources but there are also those who abandon the practice. -
BT Daily News: New FTX Boss slams Sam Bankman-Fried, El Salvador President vows to buy 1 Bitcoin daily, and more
El Salvador President Nayib Bukele and Tron cryptocurrency founder Justin Sun, who is also a Permanent Representative of Grenada to the World Trade Organization, on Thursday announced they would accumulate one Bitcoin every day, notwithstanding the possibility of a prolonged crypto winter. -
BT Daily News: Digital Dollar Pilot; BlockFi’s Bankruptcy Filing; Crypto & Stocks Fall…
On Tuesday, November 15th, the Federal Reserve Bank of New York announced plans to team up with global banking giants for the launch of a 12-month digital dollar pilot program on the blockchain. -
What Is Crypto Mining? How Does It Work?
At its height, bitcoin mining sparked a price war for GPUs (Graphics Processor Units) that pushed their prices to an all-time high. The GPU manufacturer Advanced Micro Devices did rather well financially, investor interest in the company’s stock skyrocketed, and trading volume reached a 10-year high. -
Bitcoin (BTC) Miners Sell Most in 5 Years
Rising global electricity prices and the falling price of BTC have made cryptocurrency mining increasingly unprofitable. Retail Bitcoin miners, who were hit earliest by mining costs, had to shut down their rigs some time ago. -
BT Daily News: Can crypto mining at home be advantageous for you?
The process of mining seems to be similar to a physical mining process. Whereas in the physical world the important elements are mined from the mother earth’s core and used thereafter, in a similar pattern digital mining includes the generation of digital coins of cryptocurrency that can be used thereafter in any economic and monetary transaction. -
Bitcoin Mining – a helpful guide for beginners
The process of mining Bitcoin, a digital currency that has captured worldwide attention and vastly increased in value over the last few years, is not as complicated or involved as it might seem. If you want to start mining Bitcoins, go to Bitcoin Profit, the most reputable trading platform. -
BT Daily News: US Midterm Elections to Set the Tone for Bitcoin Miners' Future
Bitcoin miners across the U.S. are looking to Tuesday's midterm elections for a signal on the future of environmental policy, which may impact their expansions and operations.
