Day: March 18, 2022

Hut 8’s Data Center Deal Will Set It Apart From Peers, Analyst Says

“The blatantly obvious challenges facing bitcoin miners are the recent selloff in BTC price and supply chain disruptions and, as expected, the stock price followed bitcoin’s trajectory,” wrote Sutton in a research note on Friday. However, he added, “What isn’t blatantly obvious is the impact HUT’s acquisition of TeraGo’s Data Center business will have on the company’s future.” Source

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Bitcoin Miners Catch a Second Break With Another Downward Difficulty Adjustment – Mining Bitcoin News

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Five days ago, Bitcoin’s hashrate had shown improvement as it increased 15% over the course of ten days and today, the computational power remains above the 200 exahash per second (EH/s) region. Meanwhile, bitcoin miners caught another break on Thursday, as the network’s mining difficulty adjusted downward for the second time in a row, making it 0.35% less difficult to find a block reward. Bitcoin’s Mining Difficulty Drops for Second Time in a Row at Block Height 727,776 At the time of writing, the computational power behind the Bitcoin (BTC)…

Stranded no more? Bitcoin miners could help solve Big Oil’s gas problem

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The energy usage and environmental impact of Bitcoin (BTC) mining have been frowned upon and been under the scanner by various international financial institutions. The International Monetary Fund (IMF) mentions how Bitcoin mining consumes “vast amounts of computing power and electricity.” Bitcoin mining is an energy-consuming process, as it is a proof-of-work (PoW) blockchain network that involves providing cryptographic proof to the network that a quantified amount of a specific computational effort has been used. The information used to verify this is stored in a block to be accepted into…

Budget 2022 में Modi Government ने Cryptocurrency Investors को दी बड़ी राहत, नहीं Ban होगी Crypto

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #CryptoCurrency #Budget2022 #Bitcoin #ethereum #CryptoCurrency #DigitalCurrency #UnionBudget2022 #BudgetUpdate Finance Minister Nirmala Sitharaman ने Budget 2022 के ज़रिए Bitcoin, shiba inu, ethereum, Dogecoin जैसीं Cryptocurrency में Invest करने वाले Investors को एक बड़ी राहत दी है. Modi Sarkar ने ये साफ कर दिया है कि Cryptocurrency को India में Ban नहीं किया जा रहा है. हालांकि India में Crypto Investors को अपनी Crypto Income में से 30% Tax on Crypto पे करना होगा. साथ ही Sitharaman ने Budget में ये भी बताया कि…