Today, the world is facing an energy crisis that has driven up the price of electricity, the most crucial resource for mining. Since the beginning of 2021, they have jumped several times, according to the International Energy Agency. The recovery of industrial production after the pandemic, the crisis of alternative energy in the course of climate change, the...
Core Scientific, one of the largest bitcoin mining companies in the world, is on the verge of bankruptcy. In her statement, which she sent to the US Securities and Exchange Commission, she said that the main reasons were the cost of electricity, the fall in the value of bitcoin and the increase in the hash rate...
CleanSpark replenished its asset of installations for mining The company bought another 10 thousand Bitmain Antminer S19j Pro The deal cost the miner only $28 million. Today, September 7th, major bitcoin miner CleanSpark announced an agreement with Bitmain. As part of the deal, the company purchased 10,000 Antminer S19j Pro rigs “at an extremely affordable price.” The purchase cost...
In the mining community, the transition of Ethereum to the Proof-of-Stake consensus algorithm is the hottest topic. Some are preparing for the worst, and some are planning to stay dedicated to their craft and keep mining new coins, for mining, in 2022 does not mean the end. We remind you: in the coming days, Ethereum will stop working on the PoW algorithm i.e. it...
A recent Arcan report says Bitcoin mining could revolutionize the energy industry and help us heat our homes. According to the Arcan report, bitcoin mining has a potential that is still not fully exploited. Concerns about bitcoin's excessive power consumption prevent its mass adoption, while it is mining that can solve real problems in the energy sector. The report says that bitcoin mining can play a role...
Once upon a time, a gaming PC was enough for a good income from mining. Every year the complexity of block mining is growing, and now for a good plus of 20-30 thousand rubles, you have to buy additional equipment specifically for mining. Collect rigs (sets of devices connected to the network) and farms (sets of rigs)....
Progress does not stand still. Every day, new technologies are increasingly integrated into people's lives, replacing outdated ones. It concerns absolutely every sphere of human activity. And the progressiveness of modern man lies in the search for its simplification. One of the revolutionary ways to simplify many processes is blockchain. Everyone who at least once encountered this technology certainly asked...
We are all familiar with cryptocurrencies. Someone heard out of the corner of the ear from the news; someone uses them in everyday life. In a continuous stream of progress, a vast number of technologies are born, into which more and more people are immersed, once far from the latest achievements of technological progress. However, it is worth...
After the ban on cryptocurrencies in China, the Russian Federation ranks 3rd in the world regarding coin production, after the USA and Kazakhstan. Mining business brings good income. According to the tax legislation of the Russian Federation, the extraction of digital currencies is no different from other types of entrepreneurial activity. In this article, we will tell...
The stability and efficiency of cryptocurrency mining depend on the model of the router for mining and its settings. Knowing which Internet is suitable, what equipment to use and how to set it up is worth knowing. Features of the Internet for mining Connection requirements - stability and reliability. Connection speed does not affect mining as much as...
