Bitcoin mining in a university dorm: A cooler BTC story

The humble university dorm is a place for students taking their undergraduate degrees to study, rest, make new friends, host wild dorm parties and, of course, mine Bitcoin (BTC).  A master’s student in market research and self-described “data guy,” Blake Kaufman, has hooked up an S9 Bitcoin miner to the Bitcoin network. He won the S9 miner in a raffle at a mid-Michigan Bitcoin meetup and immediately set about learning how to use it. Blake has consistently shown up to every

Read More »

Big Eyes Coin, Cardano And Ethereum Pre-Sale

Proof of work (PoW) is a way that transactions on a blockchain network are validated and verified. To validate transactions and add a new block to the blockchain, PoW miners compete with one another to solve challenging mathematical problems. The first miner to complete the problem receives a specified amount of cryptocurrency tokens as payment. Cryptocurrencies that use PoW include Bitcoin (BTC) and Dogecoin (DOGE). The other popular… Source link

Read More »

Bitcoin, Ethereum Enjoy Bullish Week as Crypto Market Adds $77B

Bitcoin (BTC) and Ethereum (ETH) are leading the weekly gains among the ten largest cryptocurrencies by market cap as their prices soared 11.2% and 9.7%, respectively. At the time of writing, Bitcoin was changing hands at $20,981, up 1% over the day, with Ethereum trading at $1,551, up 2% in the past 24 hours, data from CoinGecko shows. These are by far the best results among the market’s largest crypto assets, with the sixth-placed XRP gaining 5% over the past week, followed by Polygon… Source link

Read More »

Markets: Bitcoin dips below US$21,000

Markets: Bitcoin dips below US$21,000

Bitcoin slipped below US$21,000 in Friday afternoon trade in Asia while prices of other top 10 non-stablecoin cryptocurrencies were mixed. See related article: Weekly Market Wrap: Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap? Fast facts Bitcoin, the largest cryptocurrency by market capitalization, edged just below US$21,000 but remained up more than half a per cent at 4 p.m. in Hong Kong on Friday, according to CoinMarketCap data. It gained 0.64% to… Source link

Read More »

Looking to Diversify Your Crypto Portfolio? Ethereum Could Be a Better Buy Than Bitcoin

Signs that a global economic slowdown is coming are everywhere these days. In mid-January, the World Bank warned that one will likely occur this year, led by weaker growth in the U.S., Europe, and China. As such, the threat of a recession should be top-of-mind for anyone thinking about investing in crypto this year. Although it might not be possible to recession-proof your crypto portfolio, there are steps that you can take to make it more resilient. Investing in Ethereum (ETH 1.67%) could… Source link

Read More »

SSV.Network Launches $50 Million Ecosystem Fund to Support Ethereum PoS Decentralization

SSV.Network Launches $50 Million Ecosystem Fund to Support Ethereum PoS Decentralization

Tel-Aviv, Israel –News Direct– SSV.Network ssv.network DAO is launching a $50 Million Ecosystem Fund dedicated to supporting the development of Distributed Validator Technology (“DVT”) based applications. To usher in the next wave of Ethereum staking technologies, a host of Staking companies and VCs from the crypto space – including the likes of DCG, OKX, HashKey, NGC, Everstake, HackVC, GSR, Chorus.One, SevenX, 1kx, and more – have joined forces to help advance the next generation of… Source link

Read More »

Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap?

Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap?

Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 21.7% from Jan. 11 to Jan. 18, trading at US$21,212 at 2 p.m. on Wednesday in Hong Kong. Ether gained 18% in the same timeframe, changing hands at US$1,576. UN8g7 WfPkQOfwaYMO1Xv1 umFQny2JRIr11eJFkJ64oI8yYXjTDD01HntCdZDG1UuCWHu5lUnK 123V8AwCgXEzzBmUoEDhzTDNAyXZOi1HNGLUiGfLC4c4XZDhpU1RWDbI Ni09RWdzVBvTtNDFUluOOD9exJJdzBA With Bitcoin above the US$21,000 mark, the world’s benchmark cryptocurrency has returned to its… Source link

Read More »

First Mover Asia: Bitcoin Returns to Its Winning Ways – CoinDesk

First Mover Asia: Bitcoin Returns to Its Winning Ways – CoinDesk

Ether followed a similar trajectory, falling early before landing in the green. The second largest crypto in market value was recently changing hands above $1,550, a 1.9% gain from Wednesday, same time. Other major cryptos also pointed largely upward with CRO, the token of exchange Crypto.com, jumping more than 4%, and ATOM, the native crypto of decentralized network Cosmos rising over 3%. The CoinDesk Market Index (CDI), an index measuring cryptos’ performance, recently increased by 2%. Source link

Read More »

Litecoin ($LTC) Hashrate Hits New All-time High as Price Surges Ahead of Halving Event

Litecoin ($LTC), a cryptocurrency that’s often referred to as the silver to Bitcoin’s gold, has recently seen its hashrate hit a new all-time high, at a time in which its price keeps surging ahead of its upcoming halving event. According to data from CryptoCompare, Litecoin’s hashrate has recently hit a new all-time high of around 680 TH/s. Litecoin uses a Proof-of-Work (PoW) consensus algorithm, just like BTC. The system sees miners compete to… Source link

Read More »