#mining

Faster and Steadier: CryptoTab Farm Upgraded
Useful Tips

Faster and Steadier: CryptoTab Farm Upgraded

Let us announce: we have just improved the CryptoTab Farm, so managing the farm from your smartphone has gotten even simpler, more convenient, and more intuitive. While upgrading the CryptoTab Farm app, we’ve considered many proposed amendments and have accommodated most of the concerns expressed by our users.

What's in store for the upgraded version? There is, to say the least, an updated user interface and dashboard, higher crash-free speed and thus faster in-app purchases, flexible settings, improved and more reliable usability.

The recently released CryptoTab Farm app allows you to easily set up and manage not only miners on your computers but also Pool Miners if you want to expand your farm and don’t own a PC.

Without further introductions, we suggest that you update or install the latest version of the CryptoTab Farm app and enjoy your mining.

INSTALL NOW
Expansion of crypto mining farms around the globe
Useful Tips

Expansion of crypto mining farms around the globe

Crypto Farms are hitting the headlines every week and interest in mining has become explosive. Meanwhile, certain companies tend to build their own huge mining farms and strive for bigger profits. Let’s have a glance at several major crypto farms and focus on recent trends.

Bitfarms is a Canadian crypto farm that has elaborated progressive and eco-friendly solutions to minimize the environmental impact of crypto-mining. The company’s facilities are powered almost entirely by hydroelectric energy, so its ultimate goal is to reduce electricity costs by 25%. Bitfarms invests millions in mining all over the world and has already expanded to the US and Argentina.

Investors prefer not only to hold cryptocurrencies but crypto farms too. Canadian mining firm Hut 8 reported that it holds more than 5,000 self-mined bitcoins. Recently they purchased 10,000 of Nvidia's new mining processors, allowing the company to mine at a cost of under $3,000 per Bitcoin.

Other companies strive for global growth and increasing mining capacity. A good example of such a trend would be China-based The9 which will deploy more than 10,000 Bitcoin miners in the USA and another 14,000 in Canada. The9 also moved part of their business to Kazakhstan to expand their crypto farm globally.

As decentralized networks evolve and mining farms grow exponentially, holding crypto turns out to be a perspective strategy: mining can provide substantial rewards, a good example of which is a 2021 all-time high revenue record. This could be a solid argument for those who can’t make up their minds to start mining. Everyone can now build their mining farm without prior knowledge or special equipment. Using the CryptoTab Farm app is one of the easiest and most risk-free starting options. Transform your idle computers into a profit or use Pool Miner if you don’t have your own PC. Isn’t it encouraging?

Why now’s the best time to start crypto mining
Industry News

Why now’s the best time to start crypto mining

In May 2021, a massive cryptocurrency crackdown happened in China: the government banned cryptocurrency mining in four major provinces. The clampdown led to the forced relocation of a solid number of both Chinese and international digital assets companies and brought about a drop in the bitcoin hash rate by more than 50%. The Chinese government's ultimate ban on financial institutions, including banks and online payment channels for applying cryptocurrency, then echoed around the world and hit the news reports of multiple crypto websites. According to Kevin Zhang, Vice President of Business Development at Chinese crypto company Foundry, by the end of June 2021, about 90% of Chinese miners were forced to completely stop mining digital assets.
 Is BTC an Environmental Catastrophe?
Industry News

Is BTC an Environmental Catastrophe?

Lately, the number of headlines and tweets about Bitcoin’s energy use and potential environmental impact has grown. Does Bitcoin use too much energy? Is it possible to mine BTC using only 100% renewable energy sources? Let’s find the answers to these questions.
Blackouts in China Have Pushed Bitcoin’s Hashrate Down 49%
Industry News

Blackouts in China Have Pushed Bitcoin’s Hashrate Down 49%

Last weekend the Bitcoin network hashrate has dropped more than 49%, after hitting an all-time high at 218 exahash per second, reaching 169 EH/s. Immediately after that, regional reporter Colin Wu tweeted about power outages in China. “The hashrate of Bitcoin mining pools plummeted in 24 hours. Antpool fell by 24.5%, Btc.com fell by 18.9%, Poolin fell by 33%, Binance pool fell by 20%,” he said. “The reason is that Northwest China is undergoing a complete blackout for safety inspections.”
Miners earn more than $1.5 billion
Industry News

Miners earn more than $1.5 billion

March has become a profitable month for miners. According to data collected by The Block Research, they have earned more than $1.5 billion in March. This is an impressive number and the highest income earned by the mining sector in just one month. The record high in March surpasses February when miners earned $1.36 billion in this sector. New performance numbers show that miners have over $1 billion for each of the three months in a row!
Why do you need to start mining now?
Industry News

Why do you need to start mining now?

Bitcoin has surged over the last few months and is breaking new records. Experts predict the future of cryptocurrency, and global companies continue to invest more in BTC. The question is, will it continue to rise, and should you start the race for Bitcoins now?