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: Think Tank Wants Common Crypto Rules In The EU, Record-Breaking CryptoKitty Nets $170,000
Bitcoin Daily: Think Tank Wants Common Crypto Rules In The EU, Record-Breaking CryptoKitty Nets $170,000
September 06, 2018  |  Bitcoin

Bruegel, a think tank based in Brussels, is calling for regulation of digital currency exchanges at the European Union (EU) level, as well as more...

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Bitcoin Daily: BTC.com Rolls Out Ethereum Mining Pool; Russia Seeks To Track Crypto Operations
Bitcoin Daily: BTC.com Rolls Out Ethereum Mining Pool; Russia Seeks To Track Crypto Operations
August 31, 2018  |  Bitcoin

Bitmain subsidiary BTC.com has rolled out a client designed for Ethereum blockchain mining, The Next Web reported. Already, the firm is one of the largest...

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NVIDIA Crypto Mining Exit Spells Trouble For Crypto’s Future
NVIDIA Crypto Mining Exit Spells Trouble For Crypto’s Future
August 23, 2018  |  Cryptocurrency

When the chips are down … you find out who your friends are. When the chips are really down … you find out that chip...

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Bitcoin Daily: US Senate Mulls Gov’t Blockchain; Australians Pay Bills Via Crypto
Bitcoin Daily: US Senate Mulls Gov’t Blockchain; Australians Pay Bills Via Crypto
August 22, 2018  |  Bitcoin

Bitcoin went red again on Tuesday (Aug. 21), with a slip of about 50 basis points on the day to a bit more than $6,000....

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Wikipedia Co-Founder Says ‘No’ To Crypto, Chainalysis Study Finds Decline In Bitcoin Payments
Wikipedia Co-Founder Says ‘No’ To Crypto, Chainalysis Study Finds Decline In Bitcoin Payments
August 02, 2018  |  Bitcoin

Mistertango found that 88 percent of crypto exchanges do, in fact, want regulation in the industry, Cryptovest reported. At the same time, however, 17 percent...

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Bitcoin Daily: Mining Malware Spikes 629 Percent In Q1, Line Unveils Crypto Exchange Plans
Bitcoin Daily: Mining Malware Spikes 629 Percent In Q1, Line Unveils Crypto Exchange Plans
June 29, 2018  |  Bitcoin

Cybercriminals are increasingly turning to cryptojacking and other schemes to mine cryptocurrency, McAfee said in a press release. In fact, the security software company reported...

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Bitcoin Daily: Wells Fargo Says No To Crypto, Apple Bans Crypto Mining Apps
Bitcoin Daily: Wells Fargo Says No To Crypto, Apple Bans Crypto Mining Apps
June 12, 2018  |  Bitcoin

There are apps for all sorts of tasks, but Apple doesn’t want apps to do one thing in particular — mine crypto, CNBC reported. In an...

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Bitcoin Daily: Ripple Boasts 84% Q1 XRP Sales Jump, Samsung Gets Crypto Mining Earnings Boost
Bitcoin Daily: Ripple Boasts 84% Q1 XRP Sales Jump, Samsung Gets Crypto Mining Earnings Boost
April 27, 2018  |  Bitcoin

Bitcoin is pushing against the upper limits of its supply, CoinDesk reported. The 17 millionth bitcoin was expected to be mined on Thursday (April 26)....

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Bitcoin Daily: Bitpay Notches $40M In Funding, Russian Hotels To Take Crypto During World Cup
Bitcoin Daily: Bitpay Notches $40M In Funding, Russian Hotels To Take Crypto During World Cup
April 03, 2018  |  Bitcoin

Bitcoin rose above the $7,000 level on Monday (April 2) after falling 25 percent last week, CNBC reported. Bitcoin was trading at $7,016.96 as of...

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