There are rumors that Dogecoin could switch from proof-of-work to proof-of-stake (PoS). Do I know if Dogecoin is switching to PoS? No. Do I think it’s going to PoS? Probably not. But I love the “what if” game. As a person who works in the crypto mining industry, I do my best to gauge where the market and mining industry are going, along with how that could play out. If Dogecoin makes a change to PoS or some other change to how new blocks are created, it would have massive ramifications for the mining industry. Here’s a look at a …
Chinese giant cryptocurrency mining company Sfards Technology Ltd. announces it has started business operations. On October 20, Chinese cryptocurrency mining venture Sfards Technology Ltd. announced its ambition in becoming a leader in the industry while officially starting to operate, stated the company in a release. Sfards is funded by China's alleged largest holder of bitcoins and angel investor Li Xiaolai, as well as international VC firm Matrix Partners China. While the total funding amount hasn't been disclosed, Sfards is said to be China's first cryptocurrency mining firm to receive considerable funding. The new Beijing-based cryptocurrency mining solution provider is the …