No more mining whilst instagram-ing  

The Bit

Last month, Apple banned any apps that mine cryptocurrencies, and now the Google Play store has followed suit.  

The Bigger Picture

Back in April, Google banned cryptocurrency mining browser extensions on Chrome. It was just last week that Google briefly made the cryptocurrency world think that you could no longer download MetaMask for the browser as well. The most recent update Google made came with a policy change against mining cryptocurrency, but specifically, still allows apps which are used to monitor the performance of cryptocurrency mining (that is occuring on other devices). This really isn’t a hit on the crypto space though, most of these extensions and apps were using mining to unknowingly profit of off users.   The hard fork horizon  

The Bit

Incoming upgrades and a hard fork to the Ethereum network are vital to make it a viable global network, but it won’t change their constant “work-in-progress” status.  

The Bigger Picture

The concept of the Ethereum “world computer” is lovely: A universal virtual machine available to the world that can’t be turned off. Ethereum has the largest community of developers working on solving these problems. The upgrades will make the network more efficient by altering how data is stored and speed up how mining algorithms are solved. Implementation will start August 13th, and by October 2018 the network has planned a hard fork to set the perfect improvements in blockchain stone.   Mining is not going anywhere  

The Bit

Modern cave mines are basements, warehouses… or 27,000 square foot labyrinths. Let’s welcome the new and largest crypto mining facility in North America.  

The Bigger Picture

The new crypto mining facility will be the largest in North America when finished in September of this year. DMG Blockchain Solutions began installing a new electrical transformer and power substation to increase its mining efforts more than double. The new transformer has an 85-megawatt capacity, to give you reference, just a single megawatt could power about 400,000 homes. The platform is taking one step further than most ming facilities by focusing on KYC (Know your Customer) and AML (Anti-money laundering) features so that they can offer Mining-as-a-Service (MaaS).   “I have a hobby project. I want to obsolete #Facebook. I want a social network that is private by design, decentralized by design, trustless by design. I don't know if I can achieve it, but I'll document my journey.” - Péter Szilágyi, lead developer of Geth (Ethereum network upgrades).