Chinese Crypto Miner Predicts That Bitcoin Could Reach $740K

Chinese Crypto Miner Predicts That Bitcoin Could Reach $740K

Bitcoin, News, Tech
A founder of Chinese mining pool Poolin predicted that the price of Bitcoin could reach nearly $740,000. Zhu Fa, co-founder of Poolin, a Chinese-based crypto mining pool, predicted that the Bitcoin (BTC) price could hit 5 million Chinese yuan ($738,000 (USD), crypto news outlet 8BTC reported on Feb.11.While Zhu noted that “it now feels more like a bear market,” he reportedly predicted that in the next bull run, prices will be 10–20 times higher than previous ones. Zhu also noted that massive prices spikes like the one that resulted in the $20,000 per BTC high in 2017, will not always exist, adding that the next bull run could be the last.  Predictions from experts in various aspects of the crypto space have ranged from bullish to extremely bearish. During a…
Read More
Bitcoin.com Mining Pool Directs All Hash to Bitcoin Cash ABC

Bitcoin.com Mining Pool Directs All Hash to Bitcoin Cash ABC

Bitcoin, News, Tech
Roger Ver’s Bitcoin.com mining pool users are mining Bitcoin Cash ABC in support of the ongoing contentious hard fork, and if they don’t like that, they’ll have to move to a different mining pool, according to an announcement posted on the dashboard of the Bitcoin.com mining interface. Bitcoin.com mining allows users to connect their own The post Bitcoin.com Mining Pool Directs All Hash to Bitcoin Cash ABC appeared first on CCN
Read More
Slush Pool: Don’t Upgrade Your Bitcoin Miners to Bitmain’s AsicBoost Patch

Slush Pool: Don’t Upgrade Your Bitcoin Miners to Bitmain’s AsicBoost Patch

Bitcoin, News, Tech
Bitcoin mining pool operator Slush Pool is urging miners not to upgrade their Antminer S9 devices to a new firmware patch released this morning by manufacturer Bitmain, as it will render the devices incompatible with Slush Pool. “Dear Miners, we strongly recommend you DON’T UPGRADE your S9 devices with the new Bitmain firmware. It is The post Slush Pool: Don’t Upgrade Your Bitcoin Miners to Bitmain’s AsicBoost Patch appeared first on CCN
Read More
Bitmain’s BTC.com is Launching an Ethereum Mining Pool

Bitmain’s BTC.com is Launching an Ethereum Mining Pool

News
Bitmain Adds Ethereum Mining Pool: The world’s largest Bitcoin mining pool is cheating on Bitcoin. Bitmain’s BTC.com is expanding to add an Ethereum mining pool which will initially support both Ethereum and Ethereum classic.  Users will now be able to switch their hashing power from one pool to another, in light of what’s happening in the market. Bitmain Adds Ethereum Mining Pool The announcement was made earlier today from BTC.com, which has earned its place as the largest Bitcoin mining pool in the world, having mined 21% of all Bitcoin blocks last year. ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms…
Read More
Bitmain Is Launching an Ethereum Mining Pool on BTC.com

Bitmain Is Launching an Ethereum Mining Pool on BTC.com

Bitcoin, Ethereum, News, Tech
Bitmain-backed mining pool BTC.com announced Thursday to expanding its offerings to include ethereum and ethereum classic. Bitmain’s project director Zhong Zhuang said that the firm hopes “to expand ethereum’s network by relaying … rewards through our [Full Pay Per Share] system,” which rewards miners for participating in the pool. Notably, the new pools will include GPU and CPU mining options, the release indicated, despite the fact that Bitmain released its first ethereum-focused application-specific integrated circuit (ASIC) for ethereum earlier this year. Zhuang explained that the decision to offer GPU and CPU mining comes from the depressed prices across the crypto market this year, telling CoinDesk that “GPU miners are versatile, still profitable and are not easily replaced in a bear market. It’s common for miners to split investment into both.”…
Read More
Blockchain Platform NULS Secures Investment from Bitmain

Blockchain Platform NULS Secures Investment from Bitmain

News
NULS, a customizable enterprise solutions platform for the blockchain, announced at its recent Mainnet launch conference in Beijing that it has secured an investment from Bitcoin mining giant Bitmain. NULS Provides a Customized Blockchain NULS is a modular blockchain platform targeted at enterprise clients that want to set up bespoke blockchain solutions. Established in 2017 as an open source project, it allows developers to come up with customized subchains which are different blockchain modules. This helps reduce the development costs that enterprises face with custom blockchain use and also lowers the technical complexities that they might encounter when trying to adopt blockchain technology solutions specific to their businesses. According to the information shared by NULS on Twitter, the investment from Bitmain is expected to help with future developments in cross-chain technology.…
Read More
Bitmain Raises $400 Million Prior to its $12 Billion IPO, Growing Dominance

Bitmain Raises $400 Million Prior to its $12 Billion IPO, Growing Dominance

News
Bitmain’s ASIC dominance has continued, with Bitmain-based mining pools collectively accounting for nearly 50% of all Bitcoin mining power. Bitmain Dominates Bitcoin ASIC Industry Two prominent Bitcoin mining pools, BTC.com and Antpool, contain 27% and 15.3% of Bitcoin’s hashrate respectively. Bitmain surprisingly owns and manages both pools, allowing the mining superpower to oversee over 42% of Bitcoin’s hashrate. Critics of Bitmain have begun to worry that Bitmain could abuse this substantial level of influence, giving criticisms along the lines of: “This much power should not be held in the ‘hand’ of one company.” When miners allocate their hash power to a mining pool, they essentially give the pool operators the authority to use the hashrate however they see fit. As Bitmain nears the monumental 51% level of influence over Bitcoin’s hashrate,…
Read More
Best Cloud Mining Companies

Best Cloud Mining Companies

Tech
Everyone wants to join the cryptocurrency bandwagon, and a huge proportion of cryptocurrency enthusiasts are interested in mining and earning profits through it. However, the fact that it requires some technical knowledge, constant upgrading of hardware and software, and looking for newer and better ways to manage the process discourages a lot of people. If you belong to this category but want to earn profits through mining anyway, then cloud mining is an option worth looking into. Cloud mining companies rent out mining capabilities to companies. You don’t have to pay for the hardware, software, electricity, cooling, space, etc. All you do is rent the service for a fee and get a steady flow of bitcoins in your wallet. But it is a minefield full of fraudsters, so you have…
Read More
Ethereum Difficulty Spike Alleviated With NiceHash

Ethereum Difficulty Spike Alleviated With NiceHash

Ethereum, News
The first time I set up my Ethereum rig I was enjoying decent profits from just my GTX 1070. It was enough to make a profit considering the price of electricity. But things have changed. The Ethereum network difficulty isn’t stable, as it is with Bitcoin – in the beginning you could mine with your old GPU, but now Bitcoin requires potentially a multi hundred thousand dollar rig to be worth it. A Change in the Ethereum Network The earnings were cut in more than a half due to the difficulty change. And the reason for the difficulty change is in the design of the Ethereum blockchain. The network is going to move away from the “proof of work” design to a “proof of stake” setup. This has resulted in…
Read More