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Bitcoin
Bitcoin symbol centered with digital background illustrating Bitcoin mining in Australia.
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...
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BlackRock, the massive asset management firm, submitted a revised S-1 filing to the Securities and Exchange Commission on Monday for its intended spot bitcoin ETF, mirroring Bitwise's similar action.
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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 in a single block exceeded the...
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Australia cryptocurrency entrepreneur, Fred Schebesta, has stated that whilst the token mapping by the Australian government is “wonderful”, he warns it could lead to some detrimental effects on the space and wider economy.    You can read about the government’s prioritising of this token mapping in our article here.    Fred is the co-founder of...
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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...
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After many months of industry consultation, in November of 2021, the Australian Securities and Investments Commission (ASIC), approved long awaited Bitcoin and Ethereum exchange-traded funds (ETFs).   In doing so, ASIC has provided the best-practice requirements and guidelines for those issuing Bitcoin or Ethereum ETFs, emphasising the protection and storage of digital assets.    “We...
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BTC, Market Update & Recent News!   What happened in January?   In light of our recent Bitcoin market updates to our members, we thought it would be appropriate to provide a general overview of the market for the last month or so and any associated news!   January was a rollercoaster ride for cryptocurrency...
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Intel set to release “ultra-low-voltage energy-efficient Bitcoin mining ASIC”   Leading tech giant Intel, one of the largest computer processor manufacturers, is set to release their new specialised “ultra-low-voltage energy-efficient Bitcoin mining ASIC” known as the “Bonanza Mine”.        Although Intel are yet to state anything publicly, Tom’s Hardware reporters noticed that they...
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In March Bitcoin was trading at $3,880. Fast forward 8 months and we are now seeing BTC on its way to reaching ALL TIME HIGHS and currently trading at $15,735. Bitcoins price has touched it’s highest levels in 33 months and had a move upwards of 12% over the past 24 hours causing fomo to...
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16th January 2020 Before we dive into this weeks Weekly Rundown, I’d like to take the time to announce that our regular author, Julian Carruthers, has decided that today will be his last weekly publishment. The team at Mining Store are forever grateful for his contributions to all 26 of our Weekly Rundown’s & wish...
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