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Kenyan Firm Using Wasted Energy to Mine Bitcoin — Business Model Said to Potentially Help Decentralize Mining

A Kenyan bitcoin mining company, Gridless, recently revealed how it is helping local communities reduce electricity costs by using excess generated power to mine bitcoin. The Gridless model has been…

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Bitcoin Mining Difficulty Surges to an All-Time High, Network Prints 2022’s Largest Retarget Increase

Bitcoin’s mining difficulty reached an all-time high on October 10, which means it’s more difficult than ever before to mine the leading crypto asset. Following the difficulty reduction on September…

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Progress Toward Bitcoin’s Halving Is 60% Complete, Block Times Suggest Reduction Could Happen Next Year

According to countdown statistics based on the average block generation time of around ten minutes, progress toward the next Bitcoin block reward halving has surpassed 60%. However, while most halving…

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Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners

The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says conditions…

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Sleuth Discovers Satoshi’s Long-Lost Bitcoin Version 0.1 Codebase, Raw Code Contains Bitcoin Inventor’s Never-Before-Seen Personal Notations

On October 7, 2022, a bitcoin supporter named Jim Blasko explained that he discovered the oldest upload of Bitcoin’s version 0.1 codebase. The original code was thought to have been…

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Current Block Times and Estimates Suggest Bitcoin’s Mining Difficulty Is About to Catapult Much Higher

As bitcoin is coasting along under the $20K region, the network’s hashrate is still riding high at 250.04 exahash per second (EH/s) following the all-time high (ATH) the hashrate tapped…

Continue ReadingCurrent Block Times and Estimates Suggest Bitcoin’s Mining Difficulty Is About to Catapult Much Higher