Category: Bitcoin mining

Intel Plans Bitcoin Mining Chip Reveal At Upcoming Conference

Intel – the world’s second-largest semiconductor chip manufacturer – appears to be planning a Bitcoin mining chip reveal. At this year’s ISSCC conference, the organization has a presentation scheduled under the “Highlighted Chip Releases” category to showcase a “Bonanza Mine” processor. The Bonanza Mine Processor As reported by Tom’s Hardware, Intel describes the chip as […]

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Mapping out the crypto mining ecosystem

Mapping out the crypto mining ecosystem

Quick Take The steadfast and still-growing crypto mining ecosystem can be broken down into many verticals, but most important are its mining pools, manufacturers, and lenders. A few requirements must be met when becoming a Bitcoin or PoW miner, such as obtaining hardware (GPU or ASIC), mining software, a wallet, and a mining pool if […]

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Jack Dorsey’s Block commits to build an ‘open’ bitcoin mining ecosystem

Jack Dorsey’s Block commits to build an ‘open’ bitcoin mining ecosystem

Block, the payments-focused company formerly known as Square, is officially throwing its hat into the bitcoin mining game. Dorsey initially teased such a move last fall, highlighting a possible bid “based on custom silicon and open source for individuals and businesses worldwide.” Now, statements from Block executives as well as recent job postings offer more […]

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Jack Dorsey’s Payments Company Is ‘Officially Building an Open Bitcoin Mining System’

Jack Dorsey’s Payments Company Is ‘Officially Building an Open Bitcoin Mining System’

In mid-October 2021, Twitter founder Jack Dorsey revealed the payments firm Block Inc. (formally Square) was considering joining the bitcoin mining industry. Three months later, Dorsey tweeted that his firm was “officially building an open bitcoin mining system.” The Block’s Hardware General Manager: ‘We See Bitcoin Mining as a Long-Term Need for a Future That […]

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Block, formerly Square, draws out plans for a Bitcoin mining system

Block, formerly Square payments firm, has laid out plans for a Bitcoin mining system, in line with its recently announced blockchain venture. The company will address various miner pain points such as mining rigs’ availability, reliability, and performance. Payments company Square, led by ex-Twitter CEO Jack Dorsey, rebranded to Block in Dec. 2021 to expand […]

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Chinese Law Enforcement Agency Have Reportedly Seized $1.7 Billion Worth of Crypto

Reports emerged indicating that the Chinese officials are keeping a close eye on cryptocurrency activities and are applying innovative strategies to tackle virtual currency money laundering. “An Important Breakthrough” According to the Chinese state-owned broadcaster, CCTV (controlled by the CCP), the country’s Ministry of Public Security has solved 259 cases that involve cryptocurrency money laundering. […]

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Bitcoin Mining Firm Luxor Launches ASIC Trading Desk

Bitcoin Mining Firm Luxor Launches ASIC Trading Desk

On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to bitcoin ASIC mining rigs “at a fair market price.” NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service […]

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Canadian Bitcoin Miner Bitfarms Bought the Dip: Adds $43.2 Million Worth of BTC

The price of Bitcoin has been declining steadily as of late, and some have decided to take this opportunity and add to their positions. Toronto-based BTC miner Bitfarms becomes the latest to do so. According to an official press release shared on Monday, January 10th, the Toronto-based Bitfarms – a Bitcoin self-mining company – has […]

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Spanish Politician Argues the Country to Position Itself as a Bitcoin Mining Hub

Spanish politician and deputy of the Ciudadanos in the country’s Congress, María Muñoz, has proposed the creation of a national strategy to attract Bitcoin miners and other crypto-related activities following the protests in Kazakhstan. María Muñoz took it to Twitter yesterday to bring up a proposition where Spain positions itself as a future Bitcoin mining […]

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