Mining

Venezuela, one of South America’s biggest oil-producing nations, is an economically depressed nation characterized by high rates of unemployment, food rationing and massive migration to other countries, including Europe. Despite all this, the socialist government is offering almost free electricity to people which aids Bitcoin mining activities.

BlockCDNs, a blockchain-powered CDN trading platform, has announced a new design for a miner that uses your TV set-top box to general digital currency. They call it Idle Flow mining because it takes your excess internet bandwidth and turns it into digital cash.

One of the world’s leading hashpower provider for cryptocurrency cloud mining, Genesis Mining, announced a Black Friday and Cyber Monday for its customers.

Slush pool, the world’s oldest mining pool, is the only one to let its miners decide by way of voting on the proposed Bitcoin soft fork. All the other pools reserved this right for only top managers of the pools. CoinIdol.com collected the opinions of experts on the SegWit voting that began on the 19th of November 2016.

Bitcoin  is the most popular cryptocurrency today with millions of transaction taking place every day. It is created by solving complex algorithms with sophisticated computers in an energy-intensive process termed bitcoin mining. However, there are only 21 million bitcoins that can ever mined.

John McAfee, a cyber-security industry pioneer, has been announced as the keynote speaker for the “Blockchain: Money” conference in London, UK.

September 23, 2016 - The Ethereum Network fixes a new Denial of Service attack that causes block confirmation times to increase by 300%.

The price of Bitcoin is $602 and is continuing to trade in a narrow range.

On August 29, one of the leading bitcoin mining equipment suppliers, Bitmain, released a new bitcoin mining rig, called the Antminer R4.