The hashrate of the Bitcoin network has experienced a remarkable upward trend. As of May 30, 2023, the hashrate stands at an impressive 399.03 million terahashes per second (M TH/s), reflecting a significant increase from 394.10M TH/s just a day ago and a staggering surge from 221.45M TH/s one year ago. This represents a change of 1.25% from yesterday and an astounding 80.19% growth over the course of the past year. bitcoin hashrate Reasons for…
In an exciting move towards sustainable energy and eco-friendly practices, Tether has announced its investment in energy production and the launch of sustainable Bitcoin mining operations in Uruguay. This strategic collaboration with a local licensed company aims to leverage Uruguay’s impressive renewable energy capabilities, with 94% of electricity generation coming from renewable sources such as wind and solar power. Tether’s Sustainable Bitcoin Mining Operations Uruguay, a small South American country known for its commitment to…
A tentative agreement has emerged aimed at preventing the United States government from defaulting on its debts. Ohio Representative Warren Davidson has indicated that the proposed deal would likely eliminate a controversial tax on the energy usage of cryptocurrency miners. This tax, which had been included in President Biden’s FY2024 budget, had raised concerns within the cryptocurrency community. If the deal is finalized, it could have far-reaching implications for the future of cryptocurrency mining in…
BabyDogeCoin, a spinoff of the popular Dogecoin, has been exploited by an unknown attacker who stole 437 BNB (Binance Coin) worth about $137K from the project’s liquidity pool. The exploit happened on May 28, 2023, at 03:15:47 UTC, and was detected by De.Fi Antivirus, a security platform for decentralized applications. https://twitter.com/DeDotFiSecurity/status/1662658901140025345 babydogecoin hack How did the exploit happen? According to De.Fi Antivirus, the attacker used a flash loan to borrow 437 BNB from PancakeSwap, a…
Dash Network has announced a temporary pause in block production following the activation of Dash Core’s v19. This decision has had a direct impact on Binance Pool, which has consequently suspended the distribution of DASH mining rewards until the network resumes block production The temporary pause in block production by the Dash network is a precautionary measure undertaken to address any potential issues that may arise after the activation of Dash Core’s v19. While the…
In the world of cryptocurrency mining, efficiency and performance are key factors that determine profitability. Avalon Made, a renowned name in the mining industry, has introduced a groundbreaking product – the Immersion Cooling Miner A1366I. This cutting-edge miner is designed to deliver exceptional hash rates while ensuring optimal power efficiency. Immersion Cooling: A Game-Changer in Mining Understanding Immersion Cooling Technology The Avalon A1366I sets itself apart from conventional mining equipment by utilizing immersion cooling technology.…
