Introduction Particular events in the field of cryptocurrency can have a significant effect on the market and spark heated discussions among enthusiasts and investors alike in a major way. The Bitcoin halving has been one of the most famous examples of this kind of event, which is fairly significant. It’s important to be mindful of...Continue Reading

Introduction The digital gold rush of the 21st century, cryptocurrency mining, has seen a significant upsurge in interest across Australia. With the promise of rewards in the form of digital currency, many are diving into the world of crypto mining, eager to stake their claim. But embarking on this digital venture is more complex than...Continue Reading

Introduction In the dynamic realm of digital currencies, crypto mining emerges as a significant endeavor. Yet, amidst the enthusiasts and investors in Australia, a pressing question lingers: “Is crypto mining profitable in Australia?” As the digital currency landscape is perpetually in flux, knowing the profitability of crypto mining within Australia’s diverse context necessitates an in-depth...Continue Reading

Introduction to Bitcoin Mining Australia Bitcoin mining is the heart of the Bitcoin network. It’s a process that involves validating transactions and adding them to the blockchain, Bitcoin’s public ledger. This critical role helps maintain the network’s security and introduces new bitcoins into the system. Let’s dive deeper into what Bitcoin mining Australia and learn...Continue Reading

Increase Transaction Fees? What Happened? Increased transaction fees represent a minor advancement in the ability of Bitcoin miners to maintain their operations independently of block subsidies.   Block number 788695 has a significant meaning for Bitcoin miners due to the recent upsurge in transaction fees. It represents the first instance since 2017 where transaction fees...Continue Reading

A report from Arcane, published by CoinTelegraph, has indicated that While innovations in chipset manufacturing have helped reduce operational costs related to Bitcoin mining, a report has revealed the market’s potential to transform the energy industry.   Bitcoin Mining is said to be responsible for approximately 137 terawatt hours of energy consumption per year according...Continue Reading

The global Bitcoin mining industry had a sustainable electricity mix of 59.5% during Q2 of the year, or a marginal increase compared with Q1, according to the latest quarterly survey conducted by the Bitcoin Mining Council.   The latest Q2 report also details how energy efficiency among Bitcoin miners is on the rise.   The...Continue Reading

What is Celsius?   Per CoinMarketCap, Celsius originally came into being as the product of creators Alex Mashinsky and Daniel Leon in 2017.   Mashinsky has a long-running history in the internet development sphere, having worked on the Voice Over Internet Protocol (VOIP) in the 1990s and other technologies since. Celsius is far from Mashinsky’s...Continue Reading

Why is The BTC network hash rate still so High? Firstly, an increase in the BTC hash rate means more mining power is being added to the Bitcoin network. Whenever new miners join the network, the mining difficulty increases. This is due to a mechanism implemented on the Bitcoin network which ensures 1 block is...Continue Reading

The Australian Prudential Regulation Authority (APRA) has published a letter to Australian regulatory bodies on Thursday setting out its expectations of risk management, as well as a roadmap for digital assets policy through 2025.     Chairman Waynes Byres detailed in the letter “while activities associated with crypto assets are still relatively limited in Australia,...Continue Reading