The world’s first bitcoin mining television set has been launched by the world’s second-largest mining equipment manufacturer, Canaan Creative named ‘AvalonMiner Insider’ which will allow the user to watch television and mine bitcoin at the same time. Canaan Creative commented, “The digital currency earned can be used to buy entertainment content or physical gifts through Canaan’s platform.”
The Blockstream, bitcoin software company, revealed that the channel capacity of the Bitcoin Lightning Network has raised to 16,856% and 4,084% in six months. During the beginning of this year, there were only 46 open channels and 0.682 BTC in capacity. However, presently, there are 7,800 open channels and 26 BTC in capacity.
Solar Alliance, a company dealing with solar and alternative energy projects, exposed the intention to begin Bitcoin mining operations in its factory in Southern Illinois. It is reported that the Illinois House of Representative sanctioned the establishment of a subcommittee to reach on blockchain use cases. The CEO of the Solar Alliance declared to help crypto mining firms.
Alex de Vries, an economist, and blockchain specialist who serves at PwD in the Netherlands exposed the findings on crypto mining. It is estimated that the crypto mining activity would consume 0.5% of the total electric power at the end of the year. Currently, the bitcoin network uses 2.55 gigawatts and is predicted to go up to 7.7 gigawatts.
According to a report by local press IFR, two local bitcoin mining equipment makers in Hong Kong revealed their plan to raise approximately $1 billion each from Hong Kong listings during the year. Bitcoin mining industry in China is progressive and the industry has witnessed a significant increase in cryptocurrency mining machine demand.
Coingeek has funded research and development in respect of Bitcoin Blockchain. The blockchain company is seeking to fund the Stacklab blockchain training program with $150,000. Nearly fifty developers are to be trained on Bitcoin Blockchain. The program is to happen in Iloilo. Stacklab would assist trainees to explore job opportunities in the blockchain workforce.
The CEO of cybersecurity company Darktrace, Nicole Eagan revealed that there are thousands of workers lifting their employer’s power to mine bitcoin. He mentioned, “We have seen 1,000 crypto-mining cases in the last six months in the US alone with employees taking over company infrastructure for crypto mining. This is becoming a big problem.”
The Dalit Indian Chamber of Commerce and Industry (DICCI) in association with Dr. Tausif Malik, a social entrepreneur, are set to present a training program in India. The training program on bitcoin mining would be unveiled in 30 cities across India which are reported to be the ‘World’s first and largest Bitcoin Mining Training Program for self-employment.’
A research report conducted by Questale showed the trends in Asia Pacific ASIC Bitcoin Mining Hardware market indicates a significant growth to be expected in the industry. According to the report, 20-45% per year of the Asia-Pacific ASIC Bitcoin Mining Hardware is expected and will continue to grow.
Washington states have become the targeted place for bitcoin mining firms to open their mining farm due to its low electric cost from hydropower resources. However, an announcement has been made by the public utility in the state that application review for new bitcoin mining firm operation will end.