Bitcoin is a cryptocurrency that’s gained wide popularity due to its wild price swings and is created through a process known as “mining.” Bitcoin mining is how new bitcoins get introduced into circulation. Continue reading What is Bitcoin mining and how does it work?
Tag Archives: Mining
China’s Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally
Besides fat-fingered whales, the other species HODLers should learn to fear are large-scale Bitcoin miners whose electricity cost is zero. The reason? Their break-even point is low enough to depress the fair market value of the Bitcoin price, dashing the asset’s seven-figure ambitions. Continue reading China’s Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally
Iran working to block Crypto Mining
Saeed Zarandi, Iranian Assistant Minister of Industry, Trade, and Supply, said that US Congress is working to stop Iran’s access to cryptocurrencies and Bitcoin (BTC) mining, as reported by local news service Al-Fars on July 6. Continue reading Iran working to block Crypto Mining