Crypto Mining

In order for bitcoin miners to actually earn bitcoin from verifying transactions, two things have to occur. First, they must verify 1 megabyte (MB) worth of transactions, which can theoretically be as small as 1 transaction but are more often several thousand, depending on how much data each transaction stores. This is the easy part.

(source: investopedia.com)

Bitcoin Daily: Facebook Posts New Blockchain Job; Mt. Gox Nears Creditor Account Settlement
Bitcoin Daily: Facebook Posts New Blockchain Job; Mt. Gox Nears Creditor Account Settlement
March 22, 2019  |  Bitcoin

A new job posting has revealed that Facebook is looking to hire a lead commercial counsel for its blockchain initiatives. “You will be responsible for...

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Bitcoin Daily: ‘Bitcoin Is Dead’; Congressman Says Crypto Can Pay For Trump’s Wall
Bitcoin Daily: ‘Bitcoin Is Dead’; Congressman Says Crypto Can Pay For Trump’s Wall
December 16, 2018  |  Bitcoin

Teenage bitcoin millionaire Erik Finman is now saying that the cryptocurrency is “dead.” “Bitcoin is dead, it’s too fragmented, there’s tons of infighting, I just...

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Bitcoin Daily: Bitcoin Hits Seven-Year Low In Nov; Intel Patent Eyes Energy Efficient Crypto Mining
Bitcoin Daily: Bitcoin Hits Seven-Year Low In Nov; Intel Patent Eyes Energy Efficient Crypto Mining
December 02, 2018  |  Bitcoin

Bitcoin just had its worst month in seven years, dropping nearly $2,400 in price. According to Coindesk, the crypto started November at an average price...

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Bitcoin Daily: Blockchain Phone ‘Finney’ To Debut In Dec; AriseBank CEO Handed 120-Year Prison Sentence Over $4M Crypto Scam
Bitcoin Daily: Blockchain Phone ‘Finney’ To Debut In Dec; AriseBank CEO Handed 120-Year Prison Sentence...
November 30, 2018  |  Bitcoin

Blockchain startup AriseBank’s CEO is facing up to 120 years in prison for misleading investors in a crypto scam. According to The Next Web, Jared...

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Bitcoin Daily: IBM Discloses Blockchain-Based Science Log In Patent; Overstock CEO On Why Crypto Will Survive Financial Systems Collapse
Bitcoin Daily: IBM Discloses Blockchain-Based Science Log In Patent; Overstock CEO On Why Crypto Will...
November 13, 2018  |  Bitcoin

Bitmain, the Chinese digital currency mining firm, has filed a suit in U.S. District Court against a hacker identified as “John Doe” for a reported...

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Bitcoin Daily: Elon Musk’s Name Used In Bitcoin Scam; Bitcoin Takes More Energy To Mine Than Gold
Bitcoin Daily: Elon Musk’s Name Used In Bitcoin Scam; Bitcoin Takes More Energy To Mine...
November 05, 2018  |  Bitcoin

Elon Musk’s name has reportedly been used in bitcoin scam, with the hack of multiple verified Twitter accounts, the BBC reported. The hackers allegedly took...

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Bitcoin Daily: Scrabble Adds ‘Bitcoin,’ Experts Uncover 2.5M Crypto-Jacking Instances
Bitcoin Daily: Scrabble Adds ‘Bitcoin,’ Experts Uncover 2.5M Crypto-Jacking Instances
September 27, 2018  |  Bitcoin

Scrabble has added the word ‘bitcoin’ to the list of words that players can officially use in its popular board game, CNBC reported. That is,...

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Bitcoin Daily: Tezos Launches Main Network, WannaCry Still Used To Mine Crypto
Bitcoin Daily: Tezos Launches Main Network, WannaCry Still Used To Mine Crypto
September 17, 2018  |  Bitcoin

Samsung has revealed that South Korea’s customs authority has agreed to use the company’s Nexledger blockchain tech for its decentralized customs clearance system. In addition,...

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Bitcoin Daily: Ethereum And Cardano Hit One-Year Lows, Blockchain Used To Monitor Parolees In Chinese City
Bitcoin Daily: Ethereum And Cardano Hit One-Year Lows, Blockchain Used To Monitor Parolees In Chinese...
September 07, 2018  |  Bitcoin

The justice department in Zhongshan, a city in China, is turning to blockchain to keep tabs on parolees, CoinDesk reported. The system was created to...

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