Archive | miners

Large European Power Company Will Not Sell Electricity to Crypto-Miners

This week one of Europe’s largest power companies, Enel, has announced the firm has absolutely “no interest whatsoever in selling power” to cryptocurrency miners. Also read: Dead again? In Reality Bitcoin Is Up 729% Since Last February One of Europe’s Largest Power Companies Allegedly Evaluated Cryptocurrency Mining Operations The Italian multinational renewable-energy corporation located in Rome, […]

Venezuela Seeks Miners for the Petro – Maduro Claims 860,811 Already Signed Up

Venezuela is looking for miners for the country’s national cryptocurrency, the Petro. The government has opened up a registry for miners to sign up to mine and gain access to the new currency. According to Venezuela’s president Nicolás Maduro, 860,811 young people have already registered to create the Petro mining farms. Also read: Venezuela Unveils Mining, […]

A New Website Claims the Segwit2x Hard Fork Isn’t Going Away

news.Bitcoin.com recently reported on an unknown software developer called Bitpico who stated the Segwit2x fork will still happen on November 15 as intended. Bitcoin proponents are not sure if the developer is serious but a new website has been published called Bitcoin2x.org. Also read: Closing the Curtains On Segwit2x and the Following Aftermath A New Website […]

Bitcoin.org Owner Wants to Revise Satoshi’s White Paper

Following the Segwit2x working group’s announcement to cancel the hard fork scheduled for next week, many shocked bitcoin proponents revealed their opinions on the web. Additionally, one of the administrators of Bitcoin.org, Theymos, wants the web portal’s recommended businesses such as wallet services and exchanges to pledge that “Bitcoin is not ruled by miners” or […]

Putin Orders Drafting of Digital Currency Laws, Affecting Miners

Following a few months of conflicting statements, recent reports from the Kremlin indicate that Russian President Vladimir Putin has made a decision on digital currencies. He has ordered his government to create laws meant to clearly govern the status of Bitcoin and other digital currencies, but also to thoroughly regulate initial coin offerings, mining, and other aspects […]

Coinbase Plans to Call the Fork With the Most Accumulated Difficulty “Bitcoin”

On October 23, news.Bitcoin.com reported on the exchange Coinbase revealing its plans to name the pending fork tokens, if the Bitcoin blockchain happens to fork again this November. After the company’s first announcement, the following day the Coinbase director of communications, David Farmer, wrote a clarification concerning how the firm will choose each chain’s name. […]

Bitcoin.org Publishes List Against Businesses and Miners Supporting the 2X Fork

On October 11, the web portal Bitcoin.org published its controversial hard fork warning update that contains a list of companies and services that have pledged to support the Segwit2x hard fork this November. The website operators believe the 2MB fork is not supported by the majority of users and developers within the bitcoin ecosystem, and […]

Bitcoin Cash Becomes the Longest Chain As Miners Toggle Between Profits

The Bitcoin Cash (BCH) network is almost a month old and seemingly growing stronger as the days continue. As of August 22, the BCH chain is longer than BTC’s blockchain by 959 blocks, while also capturing the most hashrate that day for a short period of time. Also read: SEC Suspends Trading of Bitcoin Firm’s Shares […]

Bitpay Will Not Suspend Services — ‘Very Little Risk of Network Disruption on August 1st’

On July 27 the world’s largest bitcoin payment processor, Bitpay, announced its plans for August 1st. According to the company, there is a lot of “misinformation” concerning updating Bitcoin’s consensus rules and the firm does not plan to suspend services that day.   Also read: Fork Watch: These Bitcoin Exchanges Will Not Support ‘Bitcoin Cash’ Bitpay Thinks […]

Japanese Exchanges to Suspend Services on Sunday

The Japan Cryptocurrency Business Association has announced its plans in response to the BIP91 lock-in. Thirteen Japanese bitcoin exchanges are now prepared to halt bitcoin deposits and withdrawals earlier than the original date of August 1. Also read: 13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1 Responding to BIP91 Lock-In The Japan […]

13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1

The Japan Cryptocurrency Business Association has officially announced its plan on how to deal with the possibility of a Bitcoin protocol split on August 1. Thirteen of the group’s bitcoin exchange members, including Coincheck, Gmo-Z, Bitbank, and Bitpoint, will suspend bitcoin deposits and withdrawals on August 1 at 00:00 Japan time. Also read: Japan’s Cryptocurrency Business […]

The Bitcoin Scaling Countdown: Miners Begin Running Segwit2x Software

It seems July 17 has initiated the beginning steps towards Segwit2x activation as the code has been released and miners who supported the “New York Agreement” (NYA) have started running the new BTC1 software. Also read: A Brief Glimpse Into the Lives of Chinese Bitcoin Miners Miners Begin Running the New Segwit2x Software As the price […]