Mining

The post 6 Best Free Bitcoin Cloud Mining Sites in 2024 -Earn profit through Bitcoin mining appeared first on Coinpedia Fintech News Cloud mining is a way of mining cryptocurrencies such as bitcoin using rented cloud computing power rather than installing and directly running the hardware and related software. Cloud mining companies allow people to open an account and remotely participate in the process of cryptocurrency mining for a small fee, making mining more accessible to people all over the…

(Eden Island, Seychelles) The blockchain sector is witnessing a revolutionary phase with the introduction of GLT coin by the Galaxy Market-Making Foundation. This significant development enhances decentralized autonomous organizations (DAOs) and establishes a new trend in pledge mining within the Binance Smart Chain ecosystem. GLT coin stands out with its unique approach as it operates with zero pre-mining. Users can only obtain this token through the pledge mining mechanism on the Galaxy eco-system platform. This method ensures the token’s rarity,…

Amidst discussions about banning Bitcoin mining in Paraguay, one Senator has praised the industry as a “gift from heaven” to the economy. Bitcoin mining is a passive method of earning BTC which could turn hugely profitable after the recent halving. Bitcoin mining remains a contentious topic for a majority of governments around the world. While some have recognized the potential to spur economic growth, others raise environmental concerns. Paraguay is among the countries struggling with the decision to either ban…

On the 20th of this month, the Bitcoin halving took place; however most might be unaware of what really happened since the halving didn’t feature any major announcements or bell ringing of any kind. Infact, Bitcoin price still being relatively stable leaves some investors wondering if any change really happened. While the immediate impact may not be apparent, the Bitcoin halving's effects often unfold gradually over time, influencing the broader cryptocurrency market. Notably, the halving directly affects Bitcoin miners whose…

Dubai, UAE, April 23rd, 2024, Chainwire Last month’s launch of Phase 1 of the Metis Decentralized Sequencer upgrade established Metis as the first-ever rollup platform with a decentralized sequencer. Metis has now launched Phase 2, which introduces several enhancements aimed at improving network incentives and participation. Among other positive changes, Phase 2 of the Decentralized Sequencer upgrade introduced the most awaited feature up to date for the Layer 2 network: Sequencer Mining. Sequencer Mining will allow users to lock their…

Jack Dorsey, CEO of Block, has announced the completion of an advanced Bitcoin mining chip, setting the stage for the launch of a comprehensive Bitcoin mining system. This development, achieved with a three-nanometer (nm) design, marks a pivotal moment in Block’s ambitious project aimed at decentralizing Bitcoin mining hardware supply and hashrate distribution. Jack Dorsey’s 3 NM Bitcoin Mining Chip Dorsey’s team has successfully completed a full tapeout of the design in collaboration with a leading global semiconductor foundry. This…

In a pioneering move to foster sustainability in the blockchain industry, PayPal’s Blockchain Research Group, in partnership with Energy Web and DMG Blockchain Solutions Inc., is incentivizing Bitcoin miners to adopt green energy practices.  This initiative leverages cryptoeconomic incentives to encourage using low-carbon energy sources, a crucial step given Bitcoin’s significant environmental impact.  Accelerating Sustainable Bitcoin Mining Annually, Bitcoin mining is estimated to produce 85 million metric tons of carbon dioxide. This emphasizes the need for sustainable practices in Proof-of-Work…

Jack Dorsey’s fintech company Block Inc. announced on Tuesday that it has completed the development of its advanced Bitcoin mining chip, marking an important milestone for the firm’s mining project. Decentralizing Bitcoin Mining Per a statement shared by Dorsey over Twitter, Block’s three nanometre (3mn) Bitcoin mining chip is now in the process is completing its full design tapeout with a leading semiconductor foundry. “Our mining chip will utilize the most advanced semiconductor process currently available and will deliver the…

On Monday, crypto-related stocks in the United States saw significant increases, reflecting a broader market rally just days after the Bitcoin halving. Despite the event, which reduced mining rewards to 3.125 BTC per block, some of these stocks recorded double-digit percentage gains. Double-digit Percentage Gains According to data from Google Finance, the country’s five largest publicly traded Bitcoin miners, including Marathon Digital (MARA), CleanSpark (CLSK), Riot Platforms (RIOT), Cipher Mining (CIFR), and Hut 8 (HUT), all witnessed substantial gains over…