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The production cost, mining, of Bitcoin is higher than its actual value which is $4,060. Presently, the cryptocurrency is traded below $3,600 and its a $400 loss. Bitcoin value dropped significantly in November 2018, a 14 per cent fall, that had the world’s biggest cryptocurrency price below $5,000 for the first time in 13 months. […]
Cheap electricity has been attracting cryptocurrency mining businesses to the East Asian country of Mongolia. Now, this region has emerged as the centre of cryptocurrency mining activity. And Ginco, e-wallet Tokyo-based company, is the latest to be enjoying the fruits of cheap electricity. Mongolia offers lower electricity rates compared to China and Japan. Besides this, […]
Popular cryptocurrency mining corporation Giga Watt shuts its day to day mining operation according to a report. The news of shutdown has come following their bankruptcy in November 2018. The company has operated slightly above one year; it was successfully launched in September 2017. The news of collapse has left its customer wondering why the […]
It is reported by Bloomberg that Blockchain technology firm Bitfury is looking forward to a potential Initial Public Offering (IPO). Bitfury is established since 2011 and is famous as a huge non-Chinese company that develops Bitcoin (BTC) blockchain software and offers infrastructure for BTC mining. The company also built a better performing algorithm for routing […]
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