Bitcoin Mining Consumes More Electricity Than New Zealand, Report Finds

Bitcoin mining currently consumes more electricity than the entire country of New Zealand, according to a new report. But the cloud has a green lining: researchers determined that much of that electricity comes from renewables, indirectly subsidizing environmentally-friendly sources. The report by London-based crypto investment firm CoinShares calculated that the global Bitcoin mining industry draws 4.7GW of power every second. Hashing […]

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Grin Community Announces Anti-ASIC Fork

The Grin community has announced the date of its first-ever scheduled hard fork, in order to prevent the network from being dominated by specialized mining hardware. This will be the first of four scheduled system-wide upgrades during the first two years of the coin’s life. The hard fork will be executed on block number 262,082, which is expected to be […]

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Slushpool CTO says Bitcoin mining is ‘pretty scary’, claims institutional mining is on the rise

The company behind Slushpool, Braiins, had launched the ASIC miner firmware: Braiins OS last year in a bid to “redefine open source ming software” to “take back control” of the mining industry. The Co-founder & Co-CEO at Braiins Systems, Pavel Movarek, who is a “pro-open sourced”, said that the current mining scenario was “pretty scary”. In the latest edition of a […]

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Vedanta seeks international arbitration to settle Zambia dispute

BENGALURU/NEW DELHI (Reuters) – Global mining conglomerate Vedanta Resources said on Friday it was seeking international arbitration over Zambia’s appointment of a provisional liquidator to run the company’s Konkola Copper Mines (KCM) business. Vedanta said on Friday its executives were unable to visit its KCM operation and engage with local management, in a setback to efforts to ease tensions amid […]

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Diar: Bitcoin Mining Hashrate Is Becoming More Distributed Among Pools

The bitcoin (BTC) mining hashrate is becoming more distributed among mining pools, according to a report published by cryptocurrency research firm Diar on May 13. Per the report, smaller mining pools have made significant gains this year as unknown miners either drop off or change pools. Percentage of bitcoin blocks mined per mining pool. Source: Diar Unknown bitcoin miners had […]

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