Mining, Day Trading, or Hodling – Which One is More Lucrative to Earn with Cryptocurrencies?

The cryptocurrency world has its share of success stories and tales of bankruptcy – including scams. However, for 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…

Just Mining – A One-Stop Cryptocurrency Mining Solution

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…

Private Cryptocurrency Firo Faces Doom Following a 51% Attack

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…

Russian Man Suffers Severe Burns After Bitcoin Mining Went Wrong

A severe fire outbreak gutted a poorly ventilated Bitcoin mining farm in Russia. According to reports from the Ministry of Emergency of the city, the fire outbreak started during the late hours of Tuesday in an apartment used for the mining operations. Poorly Organized Bitcoin Farm The fire started from the overheated mining equipment caused by the poorly established mining farm in a seven-room communal apartment located at Petrogradsky District, St. Petersburg. The farm owner failed to include a proper…

Excess Power Produced By Nuclear Plants in Ukraine to Be Used for Digital Currency Processing

Digital currencies have come to stay and governments worldwide are finding means to adopt them for various reasons. Some are seeing digital currency transaction processing as an activity that is likely to pay off in the future. In recent times, Ukraine’s Ministry of Energy and Environment recommended the utilization of the excess power produced by nuclear power plants for processing digital currency in the country. Currently, there is production of excess energy by power plants in the country because COVID-19…

Cryptocurrency Mining Pools – All You Need to Know About Them

Crypto mining is the practice through which transactions are confirmed and added to a blockchain public ledger. It has always been one of the most attractive endeavors in the world of Bitcoin. Crypto mining entails verifying transactions, which is time-consuming and computing power-intensive calculations. Miners then get rewarded for their efforts, usually with tokens of the cryptocurrency. As much as the yield from mining might vary, for some, it has a greater appeal than buying bitcoins. Technologically, mining is a…

Bitcoin Halving Beginner’s Guide: All You Need to Know

Considered one of the most important events in the Bitcoin community, the Bitcoin reward halving is the process by which the incentives available to miners decrease by half of what it currently is. The Bitcoin Halving mechanism was put in place by founder Satoshi Nakamoto to incentivize the network and slowly distribute the 21 million currency supply. Historically, the Bitcoin reward halving has been known to be a prelude to a monumental bull run. On 9 July 2016, the market…

Canaan, a Bitcoin Mining Rig Manufacturer, Sued by An Investor

Recently, an investor filed a lawsuit against Canaan, a Bitcoin mining company, for allegedly breaking U.S securities laws during its IPO. Canaan filed its Initial Public Offering with the SEC last November and targeted to raise over $400 million.  Nevertheless, Canaan raised only $90 million after listing on the Nasdaq Global Marketplace. Phillippe Lemieux, an investor in Canaan, filed a class-action lawsuit claiming that the company violated the Securities Act of 1933.  More Details on Why the Investor Sued Canaan…

Bitcoin Mining to Spike as Chinese Hardware Manufactures Get Back in Business

In February 2020, Bitcoin mining difficulty lowered by 0.38%, and it may be partly a result of government quarantine against the coronavirus in China; hence the mining delays. Despite the decrease, the hash rate during the period posted strong performance and even hit an all-time high of 136 EH/s. Miners expect the total network difficulty rate to bounce back by over 10% on March 10, as hardware delivery slowdown caused by the coronavirus outbreak abates. Since mid-February, the Chinese government…

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