Mining crypto

EU Revises Legislation Targeting Proof-of-Work Cryptocurrency Mining

Key points to remember A European law that proposes restrictions on environmentally unsustainable consensus mechanisms has been revised. This law could have possibly restricted the use of Bitcoin and other mining-based cryptocurrencies before the review. Stefan Berger, Member of the European Parliament, confirmed that the text in question had been deleted. Share this article A […]

Mining crypto

Why Mining Crypto Will Murder Your Laptop

Labutin.Art/Shutterstock.com Laptops and crypto mining don’t mix. Even a gaming laptop doesn’t have the hardware to run 24/7. Using your laptop as a mining rig is a good way to damage the hardware, and it won’t be able to mine well. What does Crypto Mining do to a computer Whether you’re mining Bitcoin, Ethereum, or […]

Mining crypto

Crypto Mining with CPU and GPU Mining

The most professional, fastest and most efficient way to mine cryptocurrencies is to use an ASIC circuit. However, there are other easier methods, including CPU and GPU mining. Ethereum Classic, Feathercoin, and Monero are some of the altcoins that can be mined this way. As cryptocurrencies grow in popularity, so does the number of people […]

Mining crypto

Mozilla W3C Representative Condemns Cryptocurrency Mining

Key points to remember Mozilla web standards manager Tantek Çelik said proof of work should have no place in web standards. He cited high power consumption and lack of durability as the main issue behind the technology. His comments were about decentralized identity platforms (DIDs), not bitcoin transactions in general. Share this article Mozilla web […]

Mining crypto

‘Green Mining’ Chia Crypto Network Skyrockets HDD Revenue by 240%

The growing demand for hard drives and disks has been recorded since the appearance of the “green” cryptocurrency Chia (XCH), which uses available storage space to verify blockchain transactions. The April analysis of this year carried out by a research company The context revealed monster sales growth as demand for high-capacity storage space equipment soared, […]

Mining crypto

Chia Network, the ‘green mining’ crypto maker, valued at $500 million ahead of possible IPO

Chia Network, the company behind the recent launch of the XCH cryptocurrency suitable for home mining, raised $61m in a Series D funding round led by Andreessen Horowitz (a16z) and Richmond Global Ventures, Bloomberg reported today. https://t.co/MQ8U7Y4SVW — Chia Project (@chia_project) May 24, 2021 According to the report, the company, which was founded by BitTorrent […]

Mining crypto

Home-mining Crypto Chia Triggers Hard Drive Shortage Ahead of Commercial Debut

In short Hard drive prices have soared in Asia as miners prepare to transact in the “space proof” cryptocurrency Chia. The cryptocurrency, created by BitTorrent founder Bram Cohen, uses a new consensus mechanism based on storage capacity. Miners plan to transact in “proof-of-space” crypto designed as an eco-friendly alternative to Bitcoin sparked a rush on […]