IMF: Russia could evade sanctions by mining BTC
The IMF recently released a report that Russia might have found a way to evade international sanctions stating that block reward mining activities could be used to evade economic boycotts.
Latest block reward mining News
Iran tightens penalties for illegal block reward miners
The proposed rules will see an increase in fines by up to fivefold and will also be accompanied by revocation of business licenses and threat of imprisonment as a last resort.
Joshua Henslee talks about Bitcoin mining economics and record-breaking blocks on BSV
Joshua Henslee is back with another video talking about the new record blocked mined by GorillaPool and its implications for Bitcoin mining now and in the future.
Riot Blockchain files prospectus to sell up to $500M in new stock
The filing allows it to sell the stock from time to time in an “at the market” offering to finance repayment of corporate obligations and for working capital.
Economic implications of big block Bitcoin
The current innovation of ASIC miners to make hashing as powerful as possible while efficient as possible is not accounting for a scenario of fee income rising.
Proposal to ban proof of work mining moves forward in New York State Assembly
New York State Assembly's Environmental Conservation Committee has voted in favor of a bill that establishes a moratorium on block reward mining operations that use proof-of-work authentication.
A rational argument around nodes
The only purpose of running a 'node' that doesn't create blocks is to monitor and receive transactions quickly and validate transactions receipt faster. There is no benefit to the network overall.
The economics of Bitcoin mining – distilled
The fundamental basis behind the revenue model in BTC is centered on its limitation of its block size capped at 1MB since 2010, resulting in the revenue generated from mining BTC coming from mining rewards or subsidy.
Kazakhstan shuts down over 100 illegal BTC miners in latest crackdown
Kazakh authorities announced that about half the illicit miners voluntarily chose to shut down in adherence to government directives, with the other half being forced to halt operations.
Hash power follows price
The profitability calculation that every miner must go through is complex, and one must think about their economic costs, access to liquidity, as well as access to insider knowledge.
Hive Blockchain eyes double hash rate with Intel mining chips
The publicly-traded block reward miner will be receiving the much-improved second generation of the Intel Bonanza Mine ASIC chip on its new mining devices.
China seizes 190 illegal miners disguised as EV charging station
Authorities in Guangzhou cracked down on the mining farm, which consumed over 90,000 kWh but managed to remain hidden by operating in an EV charging station.