Mining

The Finance Prof. Who Says Bitcoin’s Going to ‘Bite The Dust’ Is Wrong

Kevind Dowd. Image from Independent Institute. By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC. CoinDesk […]

Mining

Giga Watt: Bitcoin Mining Company Finally Shutting Down Amid Unpaid Power Bills and Bankruptcy Hearings: Token To Be Worthless

A user contacted CCN with information related to Giga Watt, a Bitcoin mining company finally going out of business after declaring bankruptcy in November 2018. The firm lasted a little over a year, launching with an ICO model in September 2017. The business model of Giga Watt was slightly different than other hosted mining solutions. […]

Mining

BitTorrent Creator Aims to Kill Bitcoin with the Green Cryptocurrency “Chia”

Advertisement Known for inventing torrenting (BitTorrent) in the early noughties, Bram Cohen might also end up getting famous for an entirely different thing – solving the electricity wastage problem of bitcoin. Cohen’s newest creation, a cryptocurrency known as Chia which bills itself as ‘green money for a digital world’, is the very antithesis of bitcoin. […]

Mining

Bitcoin Miners are Selling Old ASICs for Scrap Metal as Price Decline Hastens Obsolescence

Advertisement Twitter Facebook LinkedIn Over the past several days, there has been much debate within cryptocurrency circles about a series of videos and images allegedly showing Chinese crypto mining firms dumping bitcoin miners on the street. BRUTAL: this is what’s happening now in a China based mining site …. 😨😨 pic.twitter.com/gcN4lVTyBt — Dovey Wan 🦖 […]

Mining

Bitcoin.com Mining Pool Directs All Hash to Bitcoin Cash ABC

Advertisement Twitter Facebook LinkedIn Roger Ver’s Bitcoin.com mining pool users are mining Bitcoin Cash ABC in support of the ongoing contentious hard fork, and if they don’t like that, they’ll have to move to a different mining pool, according to an announcement posted on the dashboard of the Bitcoin.com mining interface. Source: Bitcoin.com/mining Bitcoin.com mining […]

Mining

Nail in the Coffin? BTC.top Shifts Hash to Bitcoin Cash ABC to ‘End Chaos’

Advertisement Twitter Facebook LinkedIn Significant cryptocurrency mining outfit BTC.top has begun mining bitcoin cash on the blockchain supported by Bitcoin ABC (BCHABC), potentially putting another nail in the coffin of the minority Bitcoin SV (BSV) chain. Including its BTC operation, the pool has more hash by itself than all of BSV combined, meaning that the […]