Search results for: #Mining

Academy | 1 week ago
4 minutes read
Mining for First-Timers: All You Need to Know

Blockchain is reshaping the financial market, with cryptocurrencies opening up new opportunities for payments, investments, and passive and active income. A 2023 study found that 92% of users are aware…

Author: CoinsPaid Media Editor
News | 3 weeks ago
< 1 minutes read
Over 20% of Bitcoin Hash Rate Provided by Chinese Miners

Researchers from Cambridge have revised the methodology and updated the data of their index of power consumption by the Bitcoin network. According to the updated information, miners from China still…

Author: CoinsPaid Media Editor
News | 3 weeks ago
< 1 minutes read
BlackRock Invested $411 Million in Shares of Major Mining Companies 

Investment giant BlackRock has bought shares in four of the largest U.S. crypto mining companies for $411 million as their values plummeted.  BlackRock, the world’s biggest company by assets under…

Author: CoinsPaid Media Editor
News | 3 months ago
< 1 minutes read
Energy Efficiency of Mining Increased by Quantum Computing

British scientists compared the power consumption of ASIC equipment for mining cryptocurrencies with systems based on quantum computing, concluding that quantum mining is more energy efficient. Researchers at the University…

Author: CoinsPaid Media Editor
News | 4 months ago
< 1 minutes read
Quantum Computing Could Increase Power Efficiency of PoW Algorithm

Researchers from universities in Australia and the U.S., in collaboration with tech company BTQ, proposed to improve the consensus algorithm Proof-of-Work (PoW) with quantum computing.  A team of researchers from…

Author: CoinsPaid Media Editor
News | 7 months ago
2 minutes read
Ordinals NFT Protocol Boosts Bitcoin Demand and Mining Profitability

The recently launched NFT protocol Ordinals caused transaction fees on the Bitcoin network to increase 2.5 times and tripled profits of BTC miners. The Ordinals protocol, which allows NFT storage…

Author: CoinsPaid Media Editor
News | 8 months ago
< 1 minutes read
TON May Block Over 21% of Total Toncoin Issuance

TON Foundation will initiate a vote requiring validators of The Open Network (TON) to decide whether to block the addresses of inactive Toncoin miners. On February 21, 2023, there’ll be…

Author: CoinsPaid Media Editor
News | 8 months ago
< 1 minutes read
U.S. to Open Large Nuclear-Powered BTC Mining Center

The first U.S. data center with a direct connection to a nuclear power plant was finally built in Northeastern Pennsylvania. It’s expected to be home to BTC mining equipment with…

Author: CoinsPaid Media Editor
News | 8 months ago
2 minutes read
Bitcoin Surged by 22% After World Bank Report on Possible Recession

Over the past week, the first cryptocurrency showed an active growth, exceeding $21,000 and provoking the entire market rise.  The World Bank warned that new “adverse shocks” could lead the…

Author: CoinsPaid Media Editor
News | 9 months ago
2 minutes read
Miners Sold Almost All of Their BTC Reserves in 2022

In 2022, BTC miners sold almost everything they mined. Analysts speculate that the sale of reserves by major mining companies could influence the fall in Bitcoin’s price. Between January 1…

Author: CoinsPaid Media Editor