Mining

Eric Adams – Mayor of New York City – is undoubtedly bullish on crypto. Yet when it comes to crypto mining, he appears to be towing the party line. In a joint session on Wednesday, the newly elected Democrat said he doesn’t support cryptocurrency mining. Though environmentalists appear pleased with his remarks, they may damage the mayor’s campaign to attract the crypto industry to NYC. ‘Crypto’, Not ‘Mining’ According to the New York Post, the mayor has chosen to side…

The enormous success of NFT usage over the last quarters is remarkable. Therefore, we are not surprised to see an ongoing innovation trend in the NFT market niche in this context. However, creating NFTs can be challenging, especially for new traders and artists. Today we will look into the lazy minting practice, an innovative idea that has recently become popular in the blockchain industry. Before doing that, however, it is essential to spend a few words on the general minting…

A top European regulator called on European authorities to ban all crypto mining to reduce CO2 emissions. Vice-chair of the European Securities and Markets Authority Erik Thedéen said that crypto mining is a huge issue for Europe. In his native Sweden, Bitcoin mining has become a "national problem," he said in an interview. Mining could pose a risk for the country's climate change goals written out in the Paris Agreement. The solution? Steer the crypto industry away from the proof…

Ethereum’s difficulty bomb is a tool for maintaining network consensus between all classes of participants. This is a challenging task for Ethereum compared to Bitcoin, which performs frequent backward-incompatible hard forks. The most significant of these – is Ethereum 2.0; the difficulty bomb will ensure the community’s smooth transition to the new protocol. Review: Ethereum 2.0 and Proof Of Stake To understand the necessity of the bomb, we must review some of Ethereum's history. Ethereum uses a proof-of-work consensus mechanism…

It's been a lousy week for Bitcoin. First, the largest crypto dipped below $40,000 as crypto markets lost $1 trillion in market cap. Technical indicators are not looking good either. Bitcoin metrics are approaching the so-called "death cross." The ominously named technical indicator triggers BTC's 50-day moving average fell below the 200-day moving average. Typically, the indicator signals an even more bearish turn for the asset. It is usually a signal that investor sentiment has shifted lower in traditional markets.…

As Kazakhstan is in turmoil, crypto mining has come to a standstill. Yet, Kazakhstan's crypto miners are not planning to leave the country just yet. BIT Mining, a large mining company in Kazakhstan, is still evaluating the situation in the country. However, they don't believe they will have to evacuate just yet. It is unlikely that our mining machines will be evacuated to North America Mining came to a standstill in the country after authorities shut down the internet amid…

The cryptocurrency world has its share of success stories and tales of bankruptcy – including scams. However, over a decade since cryptocurrencies became a reality, the sector has advanced rapidly to the present-day solid, stand-alone market. Knowing how to invest in cryptocurrency may seem complicated, especially for beginners in trading, but it can be a profitable venture with the correct information. In today's guide, we will focus on mining vs. day trading vs. hodling; thus, read on to find out…

Just Mining is a trusted Proof-of-Stake (PoS) infrastructure provider and Validator that’s geared towards beginners. The platform offers various services, including cloud mining, hosting, staking coins, and Masternode creation. Additionally, Just Mining is involved in the sale and production of altcoin mining rigs. According to company documentation, Just Mining is the largest farm in France. The platform operates a multitude of different Validators across a variety of PoS and DPoS blockchains. Here are some of the main problems that Just…

Firo, the privacy-backed crypto formerly known as Zcoin, is under a 51% attack. On 20 January, it announced the attack on its protocol on Twitter while stating the nature of the error. Firo pleaded with owners to hold off any transactions while the firm addressed the issue. A single miner took advantage of the attack and reorganized blocks on the network. Changpeng Zhao, Binance’s CEO, stated that the block rearrangement resulted in a rollback of over 300 blocks. Firo’s team…