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Friday, May 23, 2025

Tag: Bitcoin Mining

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Russia Ranks as the Most Profitable Bitcoin Mining Region Globally

By Denis MwirigiApril 30, 2025

Russia has emerged as a very profitable Bitcoin mining region based on electricity and mining costs per BTC.   Bitcoin mining has been a profitable sector since the birth of the cryptocurrency market. However, as miner rewards decrease after every Bitcoin halving event and the cost of mining equipment rises, […]

What is Bitcoin Mining and Proof of Work (PoW) Mechanism?

By Denis MwirigiApril 24, 2025

Bitcoin mining using the proof of work mechanism is significant in securing the bitcoin network, processing transactions and creation of new BTC coins.   In the traditional monetary system, central banks play the role of issuing new currency in the form of notes and coins. New crypto enthusiasts or learners […]

Bitcoin Miners Hit Hard by Trump Tarrifs

By Denis MwirigiApril 9, 2025April 9, 2025

Trump tariffs could raise mining costs, making mining outside the U.S the only option for mining companies.   China has announced an 84% tariff on US goods in a move to reciprocate a 104% tariff imposed on its goods by the U.S on 8th of April.  The country is a […]

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