Mining

SegWit and Taproor adoption numbers Segregated Witness (SegWit) adoption is very high. This soft fork changed the transaction format of Bitcoin, which speeds up transaction...

It has been little over a week since Mike Hearn and Gavin Andresen included Bitcoin Improvement Proposal 101 (BIP 101) into the alternative Bitcoin implementation Bitcoin XT. BIP 101 is designed to create a hard fork in the blockchain to allow for blocks of up to 8 megabytes, doubling every two years

Bitcoin is off to a hot start in 2023 with a very bullish technical analysis of its investment fundamentals.

Around April 2024, the next bitcoin halving event will occur, reducing the bitcoin reward from 6.25 BTC to 3.125 BTC per block.

2022 started as a fruitful year for Bitcoin and Ethereum miners, as prices for bitcoin and ether were just slightly below their ATH mania in 2021. However, as the year progressed, many miners soon ran into trouble as global macro and crypto markets collapsed from central bankers’ desperate attempts to maintain control of runaway inflation through various monetary policies and a significant escalation in the Russo-Ukrainian war.

Bitfarms, a Canadian bitcoin mining company, has announced the departure of its CEO, Emiliano Grodzki, effective immediately. President and Chief Operating Officer Geoffrey Morphy has been named as his replacement. Grodzki, who co-founded the company in 2017 with Nicolas Bonta, will remain a director on the board. Bonta will become chairman of the board.

Another trend likely to shape the future of Bitcoin mining is the increasing use of renewable energy sources. As the cost of electricity continues to rise and concerns about the environmental impact of mining continue to grow, miners are increasingly turning to renewable energy sources such as solar and wind power to power their operations.