Features News Official TheBitTimes.com

The Bitcoin (BTC) mining business is a live ‘winner-takes-all’ race, with mining companies and pools competing against each other for the discovery of the next valid block that guarantees the right to collect the mining reward of 6.25 BTC plus transaction fees. Recent changes in the hashrate spectrum towards AntPool could further impact Bitcoin network decentralization. Notably, the Digital Currency Group (DCG) subsidiary and American mining pool, Foundry USA, has led this race in the last three years. Foundry dominated the block discovery by 17.78%, for a total of 28,331 Bitcoin blocks mined since October 2020. This data is from mempool.space , collected by Finbold on October 6, 2023. Bitcoin Pools Ranking, 3-year. Source: mempool.space However, AntPool has suddenly increased its hashrate power in the last few days, surpassing Foundry USA in the block discovery to become the new leading pool in the Bitcoin mining race. AntPool has kept its second place, closely following the l...

Tick tock, next block. The Bitcoin network passed block 800,000 with less than a year to go to the next block reward halving. The Bitcoin network has mined block 800,000, with just 40,000 left to mine before the network’s next mining reward halving. The 800,000th block contained 3721 transactions at 1.64 megabytes, with the price of Bitcoin (BTC) trading at $29,815 on July 24, as market researcher Dylan LeClair noted on Twitter: #Bitcoin block 800,000. pic.twitter.com/Yw9c6klqbY — Dylan LeClair (@DylanLeClair_) July 24, 2023 The milestone was widely shared across the social media platform on July 24, with Bitcoin proponents and industry commentators highlighting the milestone as an indicator of network security and resilience: The #Bitcoin network just produced block number 800,000. 800,000 block s without a central bank. 800,000 block s without a government. 800,000 block s without a CEO. 800,000 block s without asking for permission. pic.twitter.com/hf8RpC3jlP — Walk...

Crypto miners paid millions of dollars in energy fees last year following the regulation of the fiscal burden of mining activities. The government of Kazakhstan has received 3.07 billion tenge (approximately $7 million) in tax payments from crypto mining entities in 2022, following the implementation of an amended law regulating the fiscal burden of mining cryptocurrencies, according to the local media reports. Preliminary data from the government for 2023 shows that mining fees collected by April 27 totaled 240 million tenge - worth over $541,000 at the time of writing. The figures are much lower than the 652 million tenge (~$1.5 million) in fees paid in the first quarter of 2022.  Kazakhstan ranks among the world's top Bitcoin mining  hubs. As of January 2022, the Central Asian country contributed to 13.22% of the total Bitcoin hash rate, just behind the United States (37.84%) and China (21.11%), shows data from Cambridge Centre for Alternative Finance. Related: Can Canada stay...