Mining

On April 10, HTC disclosed a plan to support its flagship blockchain phone, EXODUS 1s, with a Monero mining feature. This signifies a start of mobile mining, which holds a promise to bring power costs down and make cryptocurrency mining more decentralized.

Companies including Microsoft, IBM and Google, race to come up with cheap and effective mining solutions to improve its cost and energy efficiency. Lots of fuss has been made around quantum computing and its potential for mining. Now, the time has come for a new solution - mining with the help of human body activity.

Microsoft recently registered a patent for a technology that uses human activities for cryptocurrency mining. According to the document, the technology leverages our brain waves and body temperature needed to perform various online tasks.

The outbreak of the new coronavirus in China has halted economic activities in the mainland which is the key producer of Bitcoin mining Hardware. As fewer mining machines are added to mine Bitcoin, the difficulty algorithm is relaxed as the competition between miners reduces. The Universal hashing power towards the Bitcoin network is somewhat constant.

A suspect identified as Donald G. Blakstad from the United States of America is facing legal action by the agency responsible for implementing federal laws, Securities and Exchange Commission (SEC), for supposedly operating a fake cryptocurrency mining activity.

At the core of the decentralization movement is a departure from single entities or groups exerting complete control over an organization, protocol or network; and towards a more democratically led and governed protocol.

A bug on old windows computers exposes vulnerabilities that hackers could use to remotely mine cryptocurrency. More than 700k computers around the world are at risk of being used to mine bitcoin without the owners’ knowledge. A recent reports pins people using Windows 7 and below as being at risk.

Recently the 18 millionth bitcoin was mined accounting for about 85.714% of the total available Bitcoins. The cryptocurrency is nearer to its pre-programmed mining cap of 21 million coins. Here we will review what these figures mean for Bitcoin miners and Bitcoin price in General.

To succeed in the world of Bitcoin and Blockchain one needs to know a lot of relevant tech terms and their implications. Whether you are an investor, a writer, programmer or creator these terms are still essential for your basic success in the industry. The industry has a few thousands of complex terms. One of those is the Hash Rate. Luckily we shall introduce it here and explain its implications.