Crypto News 

What Powers China’s Crypto Mining Industry, and Is It Sustainable?

“The cryptocurrency mining industry continues to grow daily, supported by a continuous stream of new and more efficient hardware” writes Aubrey Hansen for cointelegraph.com. The 2nd Annual Cryptoasset Benchmarking Study released by Cambridge University estimates that only 28% of crypto mining energy comes from renewable sources (as of December 2018).Bitmain and Canaan Creative are the main mining chip manufacturers in China, with Bitmain producing 75% of all cryptocurrency mining hardware.Sometime around mid-May 2020, the block reward for mining Bitcoin will be automatically reduced from 12.5 BTC to 6.25 BTC, decreasing…

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Crypto News 

Bitcoin Cash Difficulty Volatile Ahead of Nov. 15 Hard Fork

“This is why the latest DAA iteration adjusts mining difficulty after each BCH block, based on a moving window of the last 144 BCH blocks” writes Nikolai Kuznetsov for cointelegraph.com. Disloyalty and perhaps manipulation among miners, or just the possibility of such, has refocused the conversation ahead of the Nov. 15 fork.Bitcoin, in contrast, still uses the same algorithm which adjusts the difficulty every 2016 blocks.The minor upgrades are compatible with all miners and should enhance basic functionality for users across the chain — something that’s hard to disagree with. Source:…

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Crypto News 

State-Run Ukranian Railway in Lviv Gets Caught Mining Bitcoin

“While cryptocurrency mining is not regulated in Ukraine, the industry has been subject to a number of regulatory investigations to date” writes Helen Partz for cointelegraph.com. Previously, police employees in Ukraine were reportedly caught mining cryptocurrency at work.A branch at Ukrainian Railways (Ukrzaliznytsya), was illegally mining crypto using the power grid of the state.The state’s power grid-operating mining farm was reportedly discovered by Ukrzaliznytsia’s security department and local prosecutors. Source: cointelegraph.com

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Crypto News 

Iran Offers Bounty for Illicit Cryptocurrency Mining Operations

“Iran is increasingly regulating cryptocurrency mining, having announced the possibility of an annual register of cryptocurrency mining operations in September” writes Adrian Zmudzinski for cointelegraph.com. Iranian cryptocurrency mining regulations are not entirely negative for local operations.Recent regulations for the cryptocurrency industry in the country have been followed by a crackdown on illicit mining operations.Iranian authorities are offering a bounty to anyone who exposes unauthorized mining operations in the country, Iranian news outlet PressTV reports on Nov. 13.As Cointelegraph reported on Aug. 1, Iranian provincial police arrested an individual for smuggling…

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Markets News 

Canaan Creative Sets Terms, Plans to Rake in $100 Million in Upcoming US IPO

“Chinese cryptocurrency mining giant Canaan Creative has announced terms for its United States initial public offering (IPO) planned for later this month” writes Joeri Cant for cointelegraph.com. On Nov. 13, Renaissance Capital reported that Bitcoin (BTC) mining giant Canaan Creative announced its plans to raise $100 million by offering 10 million American depositary shares (ADS) at a price range from $9 to $11.An ADS is a U.S. dollar-denominated equity share of a foreign-based company available for purchase on an American stock exchange.This would potentially put the company’s overall market value…

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Crypto News 

C++ Creator Laments C++ Use in Bitcoin Mining Operation

“In September, Bitcoin mining infrastructure firm Northern Bitcoin AG completed tests for its new air-cooled mining container” writes Ana Alexandre for cointelegraph.com. Bjarne Stroustrup, a Danish computer scientist and the creator of C++ programming language, has vented his frustration with use of C++ in Bitcoin (BTC) mining. Despite more computing power being dedicated to Bitcoin mining, less electricity was required to fuel it.The same month, it was reported that Bitcoin energy consumption was becoming rapidly more efficient. Source: cointelegraph.com

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News 

Anger grows as families bury the dead after Burkina Faso attack

“Authorities said 38 people were killed in the attack, one of the deadliest in years in the West African country” writes Midwest Communications Inc for 95kqds.com. Distraught and angry relatives had complained earlier that authorities had not let them view the bodies for days following the attack.A survivor, who worked for Australian mining services provider Perenti, said neither Semafo nor Perenti had contacted him since the attack, in which he pretended to be dead to avoid being shot at. Source: 95kqds.com

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News 

Iran’s Q2 foreign investment up 20% on year

“As previously reported, Iran expects a 10-fold increase of foreign investment in industry and mining sectors by the end of the Sixth Five-Year National Development Plan (2021)” reports tehrantimes.com. Iranian industry, mining and trade sectors attracted $3.5 billion of foreign investment in the past Iranian calendar year (ended on March 20), which indicates a 75-percent growth from the figure of its preceding year, according to Afrouz Bahrami, the director general of Foreign Investment Office of the Ministry of Industry, Mining and Trade.In late August, the industry ministry announced that $554.4…

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Crypto News 

The Power in Energy, and How New Technologies Can Shift It

“When speaking about power in the context of technology, literal power in the form of energy is of course paramount” writes Tomer Afek for cointelegraph.com. As with most technologies, blockchain in its current iteration has a number of major weaknesses when it comes to functioning in a sustainable manner.The world is slowly, but very surely, turning its attention to climate change, and to the human activities that are having the largest impact. Source: cointelegraph.com

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Crypto Markets News 

BTC Miners: No More Basement Rigs, Greater Profits to Come

“Two of the biggest mining pools, Antpool and BTC.com, presently occupy a combined 29% of the entire Bitcoin mining market” writes Will Heasman for cointelegraph.com. In order to at least turn a profit from Bitcoin mining, swathes of dedicated high-powered mining machines are required.As the reward halves, so too will miner profits — that is, unless Bitcoin’s price meets some lofty expectations.If, for example, Bitcoin’s price stays relatively stable or drops before May 2020, many retail investors will be forced out.Bitmain co-founder, Jihan Wu, promised the machines would bring both…

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