Generative Data Intelligence

Tag: Bitcoin mining

New York Company Generates 5.5 Bitcoin Every Day

It’s no secret that Bitcoin mining is expensive and competitive. However, those with the funds can make it work and make it work well for...

What are Bitcoin Mining Pools?

What is bitcoin mining?POW is what is known as a consensus algorithm. Put more simply, it is a way of ensuring that the...

NY-Based Power Plant, Greenidge Generation, Now Mines Bitcoin With Its Electricity

Several complaints have been raised over the years about the high rate at which the crypto mining operations consume electricity globally.  However, a...

Canaan Used ‘Bogus’ Deal to Attract Investment, Argues Analyst

A report by Marcus Aurelius Value, an analysis organization, argues that the Nasdaq-listed ASIC manufacturer Canaan (NASDAQ: CAN) misrepresented its potential revenue for...

Cointelegraph Special Report: Coronavirus and Crypto in China

Coronavirus has been dominating the news cycle last couple of months, as it continues to spread across the globe.  Cointelegraph has taken a closer...

Ripple Chief Critical of Bitcoin, Ethereum ‘Wasteful’ Energy Consumption

As if there wasn’t enough tribalism within the crypto community already, Ripple’s CEO has blatantly bashed bitcoin and...

Bitcoin’s Computing Power Is Growing Again After Coronavirus-Related Disruption

The computer processing power of the bitcoin network is growing again – albeit slowly – as major Chinese miner manufacturers gradually resume business...

Bitcoin’s hash rate hit a new all-time high. Here’s why it matters

In brief The Bitcoin network’s hashrate reached an all-time high between 120-136 hashes per second. Miners remain bullish long term ahead of the halving, despite...

TV Fans Get a Crypto Lesson Via “The Simpsons”

Popular FOX show “The Simpsons” – which at this stage, has enjoyed a 30+ year run on television – recently hosted an episode...

Is the Bitcoin Network Becoming Unsustainable?

The electricity used to power the Bitcoin network is enough to power the Czech Republic more than once...

Bitcoin News Summary – March 2, 2020

 Distributed denial of service attacks were briefly able to take two major crypto exchanges offline late this week. Bitfinex was inaccessible for about...

Analyst Claims 98% of Mining Rigs Fail to Verify Transactions

Alex de Vries, the founder of the Digiconomist, has given a damning assessment of the electricity consumed by Bitcoin (BTC) mining in an...

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