BitFury

BTC Hashpower Swells: Bitcoin Network Touches 185 Exahash, Hashrate Climbs 18,400% Since 2016

<div class=”featured_image_container”> </div> <strong>During the last week, the Bitcoin network’s hashrate has jumped to a record high of 185 exahash per second on March 14, 2021. The hashpower has relentlessly continued to rise, climbing a whopping 18,400% in five years since January 21, 2016.</strong> Bitcoin Price Jumps Over 1,500% in a Year, Hashrate Climbs 18,400% …

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$2 Billion Merger: Bitcoin Miner Cipher Going Public Backed by Fidelity and Morgan Stanley

<div class=”featured_image_container”> </div> <strong>Cipher Mining, a bitcoin mining operation of Bitfury, has announced that it is going public via a merger with a special purpose acquisition company (SPAC). The deal values the combined company at $2 billion, with funding from investors such as Morgan Stanley and Fidelity.</strong> Cipher Mining Technologies Inc., a newly formed U.S.-based …

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Ukraine to Set up a Large-Scale Crypto Mining Data Center in a Nuclear Power Plant

<div class=”featured_image_container”> </div> <strong>Ukraine’s government-owned nuclear power plant picked a firm to build a massive data center in Rivne for cryptocurrency mining operations. After a bidding process, Energoatom chose Kyiv Energy Construction Company to handle the nuclear plant crypto mining project.</strong> Nuclear Power Plant Operator Expects to Launch the Data Center in 2022 According to …

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Ukraine’s Digital Ministry to Trace Suspicious Crypto Using Crystal Blockchain Software

Ukraine’s Ministry of Digital Transformation signed a deal last week with BitFury’s crypto-tracing spin-off Crystal Blockchain B.V. to kick-start the government’s virtual asset monitoring initiative, a company executive told CoinDesk. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of …

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Transparency of Russia’s Blockchain Voting Setup Put Under a Microscope

From June 25 to July 1, the Russian government held a public vote with the goal of finding out whether the country’s constitution should be amended. Part of the vote was held on blockchain to “ensure security and transparency,” according to the government, making it the country’s most extensive DLT project to date. But this …

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Russia’s Blockchain Based E-Vote System Suffers Node Attack

Russia’s blockchain-based voting system for the constitutional amendments has reportedly been attacked via an election observer’s node.  As reported by state-owned news agency TASS, the attack occurred on June 27 around 8 PM CET. A government of Moscow representative told TASS that the attack did not cause a system malfunction, meaning that all e-votes will …

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Bitfury to Launch Bitcoin Mining Fund for Institutional Investors in Japan

Bitfury, a cryptocurrency mining and blockchain development firm, is planning to launch a Bitcoin (BTC) mining fund in Japan in July. Katsuya Konno, the head of  Bitfury Japan, confirmed the development with Cointelegraph Japan today.  As uncertainty regarding traditional markets amid the coronavirus pandemic continues, investors are increasingly paying attention to Bitcoin and cryptocurrencies as …

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Moscow Said to Hire Kaspersky to Build Voting Blockchain With Bitfury Software

Voting and blockchain have been a controversial couple but Moscow appears determined to use the technology for a national referendum involving President Vladimir Putin. Russia will vote on changing its constitution, adopted in 1993, on July 1. The main issue to be decided is whether to allow Russia’s president to stay in power for more …

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Bitcoin Hashrate Bounces Back- 2x the Mining Pools, Farm Diversification, 100 Exahash

Around 18 days ago, the Bitcoin protocol experienced it’s third block reward halving and the network saw a 33% hashrate loss. Since then, however, bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 exahash per second (EH/s) increase. Moreover, on May 22, there were 17 mining pools hashing …

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Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility

On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116 BTC, down 54% from the 2,405 …

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