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Bitcoin Miners Are Pestering Utility Companies for Cheap Hydro Power

Mining The world’s most desirable places to live and work are no longer in major metropolitan areas: they’re remote and at altitude. That’s according to bitcoin miners at least, who are fueling a boom for land and utilities in some of the world’s most scenic regions. They’re not relocating for the breathtaking views, however, but for the ch

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Bitcoin Mempool Fills up Again Despite a Rise in Hashrate

Not a week goes by without some Bitcoin mempool drama these days. Every week or so, the number of unconfirmed transactions rises. In most cases, that is a big problem, yet the matter usually gets resolved pretty quickly. In this particular case, however, over 136,000 transactions are pending. This is an unusual development considering the network hashrate has increased instead of decreased. Having

For God’s Sake No More Bitcoin Forks

As if Bitcoin miners didn’t have enough forks on their plate another one is coming up on Christmas day of all things. In addition to an already heavily forked cryptocurrency that consists of Bitcoin Classic, the now-defunct Bitcoin XT, Bitcoin Cash, and Bitcoin Gold, they will soon be joined by Bitcoin God.Yes, you heard it right; Bitcoin God is due to be forked off on Christmas day by Chinese b

Bitcoin-Based Ethereum Smart Contract and Sidechain Rival RSK Launches Today

Technology RSK Labs has announced that the main network of their Bitcoin-powered smart contract platform is launching in beta on Monday after more than two years of development. The company claims to have secured the support of 90 percent of Bitcoin’s hashing power for merge mining the RSK sidechain. All developers are encouraged to take part in a

Is a hard fork the answer for the bitcoin blockchain?

In previous stories, Blockchain Tech News looked at two potential forks for the blockchain: Bitcoin Gold and SegWit2x. Bitcoin Gold went on to create its own alternative to bitcoin, only to suffer a major setback due to a wallet hack that cost users $3.3 million.The launch of SegWit2x, on the other hand, was halted by its creator due to a major outcry against it by the bitcoin community. With thes

Trading Column `The Writing on the Wall´ – What Will CME Bitcoin Futures Do to the Price?

Op-Ed This post is the third in a trading tips series called ’The Writing On The Wall’, in which our game theory guide Eric Wall tries to predict the future. In this post; Speaking about the CME futures in broad terms is easy–let’s get more specific, taking a deeper dive. Let’s look at who will actually be trading these futures and why

Trading Column `The Writing on the Wall´ – What Will CME Bitcoin Futures Do to the Price?

Op-Ed This post is the third in a trading tips series called ’The Writing On The Wall’, in which our game theory guide Eric Wall tries to predict the future. In this post; Speaking about the CME futures in broad terms is easy–let’s get more specific, taking a deeper dive. Let’s look at who will actually be trading these futures and why

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Is Bitcoin Diamond a Better Bitcoin?

Cryptocurrencies can be novel from the point of view that they bring their own nomenclature into existence, which makes users who do not know about these terms nervous or filled with anxiety. Add to this, the confusion that media generates surrounding certain events like hard forks, which are just a change to a protocol of a cryptocurrency that makes previous invalid blocks or transactions on the

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Bitcoin Mining Energy Consumption Increases Drastically

With all eyes looking at the charts and wondering when Bitcoin will ever stop its upward march over ten thousand dollars, many overlook what is actually involved in creating one. According to reports, the popularity of Bitcoin has created a global surge in energy consumption. Digiconomist’s Bitcoin Consumption Index claims that the current estimated annual electricity consumption is over 30 TWh.

How to Calculate Bitcoin Transaction Fees When You’re in a Hurry

Featured Calculating transaction fees is like riding a bike or rolling a cigarette: simple when you know how, but frustratingly complex otherwise. UX improvements over the last few years have made bitcoin easier than ever to send and receive, but fee calculation is still something of a dark art. The following resources make fee calculation a doddle.S

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