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Showing posts with the label mining

Staking vs. Mining: Which Will Lead Blockchain Consensus in 2025?

As 2025 unfolds, the debate between staking and mining grows more crucial, shaping blockchain’s future. Both secure and decentralize networks, yet their paths are splitting. With rising focus on sustainability, security, and scalability, one big question remains: which consensus method will lead this year? Proof-of-Work (PoW): The Old Guard Mining , or Proof-of-Work (PoW), has been the backbone of blockchain since Bitcoin’s inception in 2009. It rewards network participants (miners) for solving cryptographic puzzles, thus validating transactions and securing the network. Strengths of PoW: Battle-tested security : Bitcoin and other PoW networks have stood the test of time. Truly decentralized : Anyone with the right hardware can participate—at least in theory. Immutable track record : PoW has proven resilience against certain types of attacks. Limitations in 2025: High energy consumption : Even with increased efficiency, the environmental toll remains significant. Centralization ...

Finance experts reveal the difference between Bitcoin and Gold

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Gold reached a new all-time high (ATH) last Friday, surpassing the $2,500 price per ounce, while Bitcoin (BTC) lags behind. The so-called “digital gold” divergence from the precious metal has sparked discussions in the finance community, evaluating their fundamental differences. In particular, trader and analyst Kashyap Sriram, who has over eight years of experience in finance, shared his insight. Sriram first commented in a post by Lawrence McDonald, a New York Times best-selling author, who questioned Bitcoin’s store of value narrative, comparing BTC and gold price performances. “Bitcoin’s best days are behind it. Gold’s best days are just beginning. This is the hard money rotation that libertarian crypto investors are going to miss.” – Kashyap Sriram, answering Lawrence McDonald Picks for you ...

Montenegro explores Bitcoin mining potential with renewable energy bonds

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Montenegro’s Prime Minister Milojko Spajić begins consultations for a Bitcoin (BTC) hydro bond utilizing the country’s abundant river resources. In a meeting on Dec. 14, officials in Montenegro discussed the possibilities of utilizing the nation’s abundant hydro resources for mining Bitcoin. The meeting was attended by the country’s Prime Minister, Milojko Spajić, Samson Mow of Bitcoin technology firm JAN3, Serbia’s Prince Filip KaraÄ‘orÄ‘ević and Ben Van Hool. Prime Minister @MickeySpajic's finance background makes him perfect to unlock the country's hydropower potential . During their talks, @Excellion and @PrincFilip1 also discussed why Montenegro can become a new Bitcoin community hub. Read more here: https://t.co/5cvxpMs0a0 — JAN3 (@JAN3com) December 14, 2023 JAN3 is known for efforts to expand Bitcoin access. Among other tools, the company proposes to use Bitcoin hydro bonds as a way to enhance the country’s coffers. These bonds, fueled by...

Russia toys with bill for mined crypto to become export product

Crypto miners in Russia may benefit from special legislation next year, that allows them to export their mined crypto currency as an export product . Deputy minister of finance Ivan Chebeskov discussed the plans at a round table about the future of digital finance, according to local outlet RBC. “There is an option and a bill to use the export of cryptocurrency as a product of mining activity. That is, there is special legislation for the export of gas,” Chebeskov said (translated from Russian). A bill regulating crypto mining in Russia has been in the works for years, marked with periodic delays thanks to disagreements with Russia’s central bank. However, Chebeskov has recently said that a “common ground” is slowly being found. US sanctions Russian woman for laundering oligarch funds with crypto Read more: Russian founder of sanctioned exchange Garantex starts Tether desk Under this legislation, crypto mining would be seen as a legitimate indu...

Bitcoin miners attract venture capital, new crypto mining project raises funds

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. According to a Messari report, Bitcoin miners have attracted the most venture capital investment in November. This surge comes as Bitcoin mining operations seek to expand their facilities and upgrade equipment to stay competitive. With new mining projects like Bitcoin Minetrix (BTCMTX) garnering traction in presale, the mining sector appears to show no signs of slowing down. Venture capital floods Bitcoin miners ahead of halving Crypto fundraising saw a significant uptick in November, with Bitcoin mining companies attracting the most capital. According to Messari, 90% of the 98 crypto deals worth $1.75 billion last month went to miners, far exceeding exchanges and payments projects. You might also like: Crypto news website Decrypt merges with Rug Radio Northern Data led the pack, raising over $600 million in a debt fina...

Blockchain giants pour investments into Bitcoin mining | Opinion

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Over the past 14 years the Bitcoin mining market has undergone rapid development which continues today as well. The crypto industry of 2023 is witnessing a new trend where market giants are investing heavily in mining and the technological initiatives around this sector. A recent example of this is Binance – in June one of the world’s largest crypto exchanges announced the launch of a subscription-based cloud mining service dedicated to mining Bitcoin. Tether, the largest stablecoin company, also revealed a mining project in Uruguay and a $1 billion investment in the Volcano Energy initiative. Even more interestingly, major Bitcoin miners Hut 8 Mining and U.S. Bitcoin Corp are set to merge to form one of the largest public miners in North America. What could be driving this prominent trend? Based on my experience and knowledge o...

Firm managing over $7 trillion in assets buys more bitcoin mining stocks

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Vanguard Group, a financial manager controlling assets worth over $7.2 trillion , is buying more stocks from leading bitcoin mining companies per recent filings with the Securities and Exchange Commission (SEC). Per public data, Vanguard has been increasing its exposure to stocks from some of the United States’ top Bitcoin miners, specifically Marathon Digital and Riot Blockchain. Vanguard increases exposure to bitcoin mining stocks Records show that Vanguard holds 17.5 million shares of Marathon Digital worth $280.5 million. At the same time, it owns 17.9 million of Riot Blockchain shares worth $281 million based on recent share prices. The shares of these miners are listed on leading bourses in the United States. Based on this, Vanguard currently owns over $500 million worth of Bitcoin mining stock. Most importantly, their investment represents a notable shift in strategy following earlier skepticism on crypto’s investment potential. For investors, Vanguard...

Bitcoin miners send record $128M in revenue to exchanges

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Bitcoin miners have sent up to 315% of their daily revenue to exchanges but BTC prices are yet to react. Bitcoin (BTC) miners are sending record amounts of BTC to centralized crypto exchanges. In a June 27 tweet, on-chain analytics platform Glassnode reported an all-time high in Bitcoin miner revenue sent to exchanges . Percent of miner revenue sent to exchanges. Source: Glassnode. It noted that there was currently an “extremely high exchange interaction,” from Bitcoin miners which had sent a record $128 million to exchanges over the past week. This is equivalent to 315% of their daily revenue, the analytics platform noted. There have been several spikes in miner revenue sent to exchanges during the 2021 bull run as they took profits. There was also a capitulation inflow in late 2022 as markets hit their cycle bottom. However, this latest spike has dwarfed them all by a considerable margin. Usually, when miners send BTC profits to exchanges they do so in preparation to cash out to c...

TON validators receive single nominator smart contract

Orbs’ single-nominator contract offers independent validation for validators, safeguards against gas attacks and enables stake recovery during emergencies. Orbs, a public blockchain infrastructure designed for mass usage applications and close integration, has announced the release of the single nominator smart contract for validators in the Telegram Open Network (TON), a decentralized layer-1 blockchain. In the TON blockchain network, validators can use the single nominator, which provides an isolated cold wallet for securing their validation process. This feature is particularly useful for validators with enough self-stake to conduct independent validation without needing third-party nominators. This feature aims to enhance validators’ independence, security and protection against gas-spending attacks. In blockchain technology, a nominator is an individual or entity participating in a proof-of-stake consensus algorithm. This is done by staking their cryptocurrency holdings to suppor...