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MicroBT Brings ASIC Manufacturing To America In Partnership With Riot Platforms

Bitcoin & cryptocurrency news

With Rushed Moratorium On Bitcoin Mining, North Carolina County Stifles Innovation

Bitcoin & cryptocurrency news

MicroBT Releases New Line Of WhatsMiner M50 Series At Bitcoin 2023

Bitcoin transaction fees have surged significantly in the past 24 hours, with the average fee reaching $19.20 per transfer. The increase in fees can be linked to a backlog of transactions trapped in the mempool, as over 440,000 unconfirmed transactions are currently awaiting confirmation. Block Reward Dethroned: Bitcoin Transaction Fees Surpass Mining Subsidy for the […]

Average Bitcoin Transaction Fees Skyrocket to $19.20 per Transfer as Over 440,000 Transactions Remain Unconfirmed

New developments on Bitcoin have created a bull market for mining fees, causing great controversy within the Bitcoin Twitter community.

High Bitcoin Fees From BRC-20 And Ordinals Lead To Controversy And Challenges

Indonesian governor Ridwan Kamil joined Bentaus CEO Robert Davidoff at a ribbon cutting ceremony in New York today for the course.

Bentaus Mining Develops Mining Technician Course At Florida State College Jacksonville, Will Donate Curriculum To West Java

Bitcoin & cryptocurrency news

Montana Passes Bill Protecting Bitcoin Mining From Undue Requirements

Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe. Under such a scenario, Russia has what it takes to occupy up to 18% of the global bitcoin hashrate, they claim. Russia May Attract Half […]

Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say

Bitcoin & cryptocurrency news

Bitdeer Partners With Druk Holding & Investments For Bitcoin Mining Operation In Kingdom Of Bhutan

Bitcoin & cryptocurrency news

Bhutan Reveals Public Bitcoin Mining Operation

On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured in the president’s comprehensive 182-page budget proposal for the fiscal year 2024. The DAME tax targets “making crypto miners pay for the costs they impose on others” regarding the environmental impact of crypto mining activities. […]

White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto Mining

Bitcoin & cryptocurrency news

Robert Kennedy Jr. condemns Biden’s proposed 30% Bitcoin mining tax

Bitcoin & cryptocurrency news

Kazakhstan’s Bitcoin mining industry has several challenges ahead

The Digital Asset Mining Energy excise tax would harm businesses and push innovation out of the United States.

Biden Administration Proposes 30% Tax On Energy Used By Bitcoin Miners

After a public hearing, Buncombe County voted to approve a moratorium on bitcoin mining in order to craft zoning standards and regulations for special land use.

North Carolina County Enacts One-Year Ban On Commercial Bitcoin Mining, But Not Without Pushback

Bitcoin & cryptocurrency news

Bitfarms stock still has another 80% upside from here, analyst says

Bitcoin & cryptocurrency news

Biden’s bold move: White House wants crypto miners to pay 30% climate change tax

Bitcoin & cryptocurrency news

Canadian province New Brunswick has denied energy to crypto miners for months

Bitcoin & cryptocurrency news

Mawson Infrastructure Signs Agreement For 24MW Ohio Facility That Will Come Online In Q3 2023

A recent editorial attack on Bitcoin mining by The New York Times raises questions about its journalistic integrity and editorial process.

Who Benefits From The New York Times’ Attacks On Bitcoin?

While the next difficulty change for Bitcoin is just two days away, the network’s hashrate soared to unprecedented heights, reaching 491.15 exahash per second (EH/s) on May 02, 2023, at block height 787,895. This staggering amount of computational power came tantalizingly close to a half zettahash or five hundred quintillion hashes per second. Bitcoin’s Hashrate […]

Bitcoin Hashrate Reaches All-Time High of 491 EH/s, Close to Half a Zettahash, as Network Preps for Next Difficulty Change

Bitcoin & cryptocurrency news

Greenidge Generation Completes Deployment Of 9,150 Bitcoin Miners Of Which 6,914 Will Be Hosted With Core Scientific

Bitcoin & cryptocurrency news

Introducing AuraPool: The World’s first NFT Marketplace for Hashrate Collectibles

Amidst the buzz surrounding bitcoin’s latest price surge, a significant number of transactions are currently clogging up the mempool. As of writing, 134,986 unconfirmed transactions await confirmation, and block times are lingering above the usual ten-minute mark. Bitcoin Transactions Backlogged as Mempool Reaches Higher Levels On the morning of Wednesday, Bitcoin.com News brought to light […]

Bitcoin Mempool Overwhelmed With 134,000 Unconfirmed Transactions Amid Price Volatility

Bitcoin & cryptocurrency news

An Open Letter To Texas State Senator Lois Kolkhorst

Bitcoin & cryptocurrency news

CleanSpark To Nearly Double Bitcoin Mining Capacity With $144.9M Antminer Purchase

Bitcoin & cryptocurrency news

CleanSpark To Nearly Double Bitcoin Mining Capacity With $144.9M Antminer Purchase

On Tuesday, the bitcoin mining company Cleanspark announced that it had purchased 45,000 Antminer S19 XP bitcoin mining devices for a total price of $144.9 million. Cleanspark stated that the new fleet would add 6.3 exahash per second (EH/s) of computational power to the company’s current 6.7 EH/s. Cleanspark Acquires 45,000 Bitmain Antminers for $144.9 […]

Cleanspark Purchases 45,000 Bitcoin Mining Devices, Adding 6.3 EH/s to Current Fleet

Bitcoin & cryptocurrency news

White House releases report on crypto mining effect on environment

Bitcoin & cryptocurrency news

Bitcoin Miner CleanSpark Acquires $33 Million Mining Facility In Georgia

Despite the bitcoin price remaining far from its all-time high, social data demonstrates that retail interest in mining bitcoin is surging.

The Popularity Of Retail Bitcoin Mining Is Surging

This guide walks you through setting up the FutureBit Apollo Bitcoin node and miner, letting you mine bitcoin at home within 15 minutes.

From Delivery To Hashing In 15 Minutes: Setting Up The FutureBit Apollo Node And Miner

Bitcoin price performance might currently be leaving a bitter taste in the mouth of many crypto enthusiasts, but available data has shown that that has not reduced the level of competition amongst miners.
The post Despite Bitcoin’s price falling, its mining difficulty rises to new ATH appeared first on CryptoSlate.

Despite Bitcoin’s price falling, its mining difficulty rises to new ATH

Bitcoin & cryptocurrency news

Malaysian Authorities Seized $13M Worth Crypto Mining Equipment in 2021: Report

Last week the California-based technology company Intel explained its intentions to develop crypto mining semiconductors that would showcase “1000x better performance per watt.” Now Intel has revealed more details about the “Bonanza Mine” (BMZ1) blockchain accelerator chip at this year’s International Solid-State Circuits Conference (ISSCC). Intel’s Bonanza Mine Crypto Chip Products Introduced at ISSCC Information […]

Report: Intel Reveals ‘Bonanza Mine BMZ1’ Blockchain Accelerator Mining Chip

The Bitcoin mining network presents a potential vulnerability to the network that could prove to be an Achilles’ heel unless addressed.

Satoshi’s Heel: Is Mining Infrastructure A Vulnerability That Could Take Down Bitcoin?

Bitcoin & cryptocurrency news

This crypto fund and mining firm are partnering up to decentralize and improve Bitcoin mining

Chinese authorities continue to crackdown against bitcoin miners after they seized 49 second-hand Bitmain ASIC Antminers from unnamed individuals that recently attempted to smuggle in the devices using falsified documents. Devices to Be Disposed of in Accordance With Regulations Huangpu Customs of China’s Guangdong Province has said it seized 49 used bitcoin (BTC) miners from […]

Report: Chinese Customs Authority Confiscates 49 Old ASIC Antminers

Bitcoin & cryptocurrency news

Shark Tank star Kevin O’Leary blasts “dirty” Bitcoin miners

Immersion cooling has emerged as a rapidly-evolving technique for increasing bitcoin mining rig efficiency, with many pros, cons and details to consider.

Inside Immersion Cooling: The Pros And Cons Of Bitcoin Mining’s Rapidly-Growing Practice

While a new chip is upcoming, Intel shared information about its past product exploration in bitcoin mining chip design.

Intel Details Bitcoin Mining Chip ‘Bonanza Mine’

Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment from restricted China continue to land in the region, and cases of hardware theft have also increased significantly. Irkutsk Dealing With Rising Electricity Needs Amid Growing […]

Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency

Over the last 30 days, Bitcoin’s hashrate has been coasting along at the highest levels ever recorded during the network’s lifetime. Bitcoin’s price improved recently but it is still down 38% from the crypto asset’s high, making bitcoin less profitable to mine. However, bitcoin mining is still profitable, in contrast to ten years ago, when […]

The Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production

Bitcoin & cryptocurrency news

Nasdaq Will List Valkyrie’s Bitcoin Mining ETF On Feb. 8

The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian Authorities Move to Legalize Crypto Economy The Russian government “has determined the […]

Russian Government Approves Plan to Regulate Cryptocurrency

Bitcoin & cryptocurrency news

How Intel’s Entrance Can Change The Bitcoin Mining Landscape

President of Kazakhstan Kassym-Jomart Tokayev has instructed authorities to identify all crypto mining enterprises and increase the electricity surcharge they are required to pay. The state is not against legal mining activities, but crypto farms should be licensed and taxed, Tokayev insisted. Miners in Kazakhstan to Pay Higher Electricity Tariffs On top of electricity shortages […]

Kazakhstan President Orders Government to Find All Miners and Raise Tax by April

January once again saw the bitcoin holdings and hash rates of publicly-traded bitcoin miners go “up and to the right.”

Publicly-Traded Bitcoin Miners Holdings, Hash Rates Going Up And To The Right

University students in Russia minting digital currencies in their dormitories risk penalties and even criminal charges, according to a legal expert quoted by local media. The warning comes as Russian authorities are trying to curb crypto mining with cheap energy in residential areas. Mining May Turn Into Risky Undertaking for Russian Students As more and […]

Students Mining Crypto in Dorms May Face Criminal Prosecution in Russia, Lawyer Says

Bitcoin & cryptocurrency news

At Scott’s Mining Conference, We Felt The Energy Of Bitcoin Mining

Bitcoin & cryptocurrency news

How To Solo Mine Bitcoin Using Blockstream Satellite

Reports indicate that the Monero community is upset about a specific mining pool that currently commands 44% of the network’s hashrate. Supporters are asking mining participants to leave a mining pool called Minexmr as they believe the operation threatens decentralization. A Single Monero Mining Pool Commands 44% of the Network’s Hashrate, Monero Community Members Debate […]

Monero Supporters Beg XMR Miners to Boycott Mining Pool Capturing 44% of the Network Hashrate

The California-based technology company and the world’s largest semiconductor chip manufacturer by revenue, Intel, has revealed the company will “contribute to the development of blockchain technologies” by offering “energy-efficient accelerators.” Intel executive Raja M. Koduri explained that the company expects its circuit innovations will deliver “1000x better performance per watt” than today’s GPU or SHA256-based […]

Intel to Develop Crypto Mining Accelerators, Claims Circuits Will Deliver ‘1000x Better Performance per Watt’

Bitcoin's hashrate exploded by 31% yesterday. Clocking in at 248 million terahashes per second, that's a new all-time high.

Bitcoin Hashrate Explodes 30% in a Day to a New All-Time High

Bitcoin & cryptocurrency news

Intel’s Bitcoin Mining Chip to Be 1000 Times Faster than Closest Rivals, Claims VP

The processing power backing the Bitcoin network has tapped another all-time high (ATH) in 2022, reaching 246 exahash per second (EH/s) on February 12. After the network reached an ATH on January 15, a month later the hashrate increased by 12.43% — this despite the network’s mining difficulty coasting along at record highs as well. […]

Bitcoin Hashrate Surges Tapping Lifetime High, Foundry Commands Top Mining Pool Rank for 30 Days

The WGMI exchange-traded fund will invest in companies with 80% of revenue from BTC…
The post The Valkyrie Bitcoin Miners ETF (WGMI) debuts on Nasdaq appeared first on Coin Journal.

The Valkyrie Bitcoin Miners ETF (WGMI) debuts on Nasdaq

Bitcoin & cryptocurrency news

Core Scientific Mined Over 1K Bitcoin For The Second Month In A Row

Bitcoin & cryptocurrency news

New tax proposal in Kazakhstan could push crypto miners out

Bitcoin & cryptocurrency news

Georgia Becomes an Attractive Area for American Bitcoin Miners (Report)

Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed changes is a fivefold hike of the fee miners pay per each kilowatt-hour of utilized electricity. Mining Companies in Kazakhstan Expected to Pay Much More […]

Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining

U.S. Senator Ted Cruz has declared his bitcoin purchase worth up to $50,000. “I’m also particularly proud that my home state, Texas, is becoming an oasis for the blockchain community, for bitcoin miners, for innovators and entrepreneurs in the crypto world,” said the senator. Senator Ted Cruz Declares Bitcoin Purchase U.S. Senator Ted Cruz has […]

US Senator Ted Cruz Bought the Bitcoin Dip, Discloses BTC Purchase Worth up to $50K

Private individuals mining cryptocurrency may expect a higher tax burden than businesses involved in the industry, a high-ranking member of the Russian parliament has indicated. While the extraction of digital currencies is yet to be regulated in Russia, authorities lean towards recognizing it as an economic activity, which will allow the government to tax mining […]

Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker Says

During the last year, Bitcoin — the cryptocurrency network that leverages proof-of-work (PoW) to process transactions and secure the protocol — has received a lot of criticism about its environmental impact. This week, the cryptocurrency firm Coinshares published a report that shows talking points condemning the network’s electrical consumption have been greatly exaggerated. According to […]

Bitcoin Mining Report Shows Network’s Emissions Account for 0.08% of the World’s CO2

Crypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points to ongoing difficulties with electricity supply as the main reason for the measure, which was supposed to expire at the end of January. Mining Facilities in Kazakhstan Still Shut Down Data centers […]

Kazakhstan Extends Power Cuts for Cryptocurrency Miners

Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply Exceeds Demand on Russian Market for Mining Chips Mining hardware is […]

Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report

The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the wholesale power market in the Tierra del Fuego province, one of the provinces more notably occupied by miners in the country due to its […]

Argentinian Government Raises Energy Costs Almost 4x for Cryptocurrency Miners

Bitcoin & cryptocurrency news

A Publicly-Listed Bitcoin Miner Shares Expectations For Intel’s New ASIC Chip

E-Crypto News' update provides the latest articles on technology and cryptocurrencies.
e-cryptonews.com
Continue reading Best GPU For Mining in 2022 at E-Crypto News.

Best GPU For Mining in 2022

The industry organization of Russian energy suppliers has come up with ideas on how to combat cryptocurrency mining in homes, basements and garages. The association believes the phenomenon is the main issue with mining in Russia as authorities prepare to legalize it. Suppliers Move Against Mining With Cheap Electricity The Russian association of energy suppliers […]

Russian Association of Power Suppliers Proposes Measures to Prevent Home Mining

While a plan to leverage “volcano energy” is great marketing for El Salvador’s planned Bitcoin City, on its own, it might not be the best source.

Is Volcano Energy Really The Best Fit For El Salvador’s Bitcoin City?

The cryptocurrency community has been discussing a newly announced bitcoin miner called the Numiner NM440 that claims to produce speeds of up to 440 terahash per second (TH/s). Furthermore, a publicly-listed company called Sphere 3D has detailed that it purchased 60,000 Numiner NM440 mining rigs and aims to deploy 32 exahash per second (EH/s) of […]

A Mining Rig That Boasts 440 TH/s? Miners Question the Legitimacy of New Bitcoin Mining Device

Eight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. “The extraordinarily high energy usage and carbon emissions associated with bitcoin mining could undermine our hard work to tackle the climate crisis — not to mention the harmful impacts cryptomining has on […]

US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate Crisis

After three solo bitcoin miners found valid block hashes themselves in January, netting more than $200,000 in BTC each, many are asking how.

How Are Such Small Miners Solving Bitcoin Blocks?

A home bitcoin miner shares details on how he earns bitcoin while heating his home with a DIY ASIC setup.

Tech Engineer Shares His Sats-Earning, DIY Home Heating System

While Bitcoin’s hashrate has been coasting along above 175 exahash per second (EH/s) and recently reached an all-time high, a global shortage of semiconductor chips could slow the growing industry. The shortfall of supply worldwide has disrupted major industries, and manufacturers like Taiwan Semiconductor Manufacturing Company Limited (TSMC) have seen stocks sink in value. At […]

Global Chip Shortage Looms Over Bitcoin Mining Industry, ASIC Supply Tightens

In mid-May 2021, the American multinational technology company Nvidia Corporation revealed that it added a hashrate limiter to curb the use of cryptocurrency mining with its graphics processing units (GPUs). However, crypto miners now say the move was pointless, and the mining organization Nicehash details that the hashrate limiter scheme introduced by Nvidia “did not […]

Report: Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners ‘Was Pointless’

Authorities in Belarus have no intentions to adopt stricter rules for the country’s crypto space. That’s despite neighboring Russia, a close partner in many areas, considering a blanket ban on а number of activities related to cryptocurrencies as suggested by the central bank in Moscow. Belarus to Keep Favorable Crypto Regulations Officials in Belarus do […]

Belarus to Remain Crypto-Friendly as Ally Russia Mulls Blanket Ban

E-Crypto News' update provides the latest articles on technology and cryptocurrencies.
e-cryptonews.com
Continue reading Titan CEO Ryan Condron Talks About The Future Of Crypto Mining at E-Crypto News.

Titan CEO Ryan Condron Talks About The Future Of Crypto Mining

Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the country faces electricity shortages blamed on crypto mining and blackouts in the cold winter months. Crypto Miners in Kazakhstan Left Without Power Bitcoin mining facilities […]

Kazakhstan Shuts Down Crypto Mining Farms Till February

Bitcoin & cryptocurrency news

Kazakhstan is cutting off power supplies to crypto miners

Bitcoin & cryptocurrency news

Putin: Russia Has ‘Advantages’ In Bitcoin Mining

The digital currency asset manager Valkyrie has applied for an exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The fund plans invest at least 80% of its net assets into firms that derive at least 50% of their revenue from the bitcoin mining industry. Valkyrie’s Proposed ETF Targets the Bitcoin Mining Industry […]

Valkyrie Files for ETF That Invests in Firms That Derive 50% Revenue From Bitcoin Mining Industry

Numerous developments made 2021 an unprecedented year in Bitcoin mining, setting the stage for a monumental 2022.

How 2021 Became One Of The Most Surprising, Formative Years In Bitcoin Mining

The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in fact, a business activity. Power Utility Takes Crypto Miners to Court […]

Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power

Bitcoin & cryptocurrency news

Putin Supports Bitcoin Mining in Russia: Report

President Vladimir Putin has joined the debate on the future of cryptocurrencies in Russia, calling on the government and central bank to work out a common position on their regulation. The Russian leader also emphasized Russia’s strengths as a crypto mining destination. Putin Asks Ministers and Bankers to Report Back With Consensus on Cryptocurrencies Russian […]

Putin Urges Government, Central Bank to Reach Consensus on Crypto, Highlights Russia’s Mining Potential

Coin Heated, a bitcoin miner who runs an immersion-cooled, 2.4 petahash operation at home, discusses his set up and future of the industry.

An At-Home, 2.4 PH Bitcoin Miner On Immersion Cooling And Getting Paid For Heat

Bitcoin & cryptocurrency news

Another Solo Miner Nets $215K in BTC Using a Mini USB Rig

Bitcoin & cryptocurrency news

Abundant Power, Open Trade Enabled By Bitcoin Is Path To Peace

The central bank’s push for a restrictive policy regarding cryptocurrencies is not gaining support among members of the Russian government, legislature, or law enforcement. A blanket crypto ban, as proposed by the bank, would make a laughingstock of Russia, lawmakers have warned. Bank of Russia’s Hardline Stance on Crypto Rejected by Other Russian Institutions The […]

Crypto Ban Proposed by Bank of Russia Met With Opposition in Parliament, Government

Bitcoin Mining Council (BMC), recently announced the results from its quarter fourth survey highlighting how Bitcoin mining is steadily adopting sustainable power usage.
The post 46% Bitcoin miners employ renewable energy sources to mine Bitcoin: BMC appeared first on CryptoSlate.

46% Bitcoin miners employ renewable energy sources to mine Bitcoin: BMC

Since the Cambridge Bitcoin Electricity Consumption Index (CBECI) project updated its mining map in mid-July, the United States has continued to dominate in terms of the amount of hashpower worldwide. Moreover, data shows that Foundry USA has managed to command the top pool position with 755 bitcoin block rewards mined during the last 30 days. […]

US Still Dominates Bitcoin Mining Sector, 30-Day Stats Show Foundry USA Takes Top Pool Position

Bitcoin & cryptocurrency news

Lucky ETH Miner Receives a Block Reward Worth $540K

Following the drop in value during Thursday evening’s trading sessions, Bitcoin’s mining difficulty rose to a lifetime high, reaching 26.64 trillion after jumping 9.32% at block height 719,712. The mining difficulty’s all-time high (ATH) is now higher than the ATH it reached on May 15, 2021, which means it is currently more difficult than ever […]

Bitcoin Mining Difficulty Reaches Lifetime High, It’s Now More Difficult Than Ever Before to Find a Block Reward

Bitcoin & cryptocurrency news

Bitcoin mining difficulty increased today, hitting a new ATH

There are three primary ways to take your Bitcoin participation to the next level: secure your keys, run a node and start mining from home.

So You Just Bought Some Bitcoin, Now What?

Russia can legalize cryptocurrency mining and stablecoins backed by gold under government control, a high-ranking member of the Russian parliament has suggested. The statement comes after Bank of Russia proposed a wide-ranging ban on the use of cryptocurrencies, and their trading and mining. Mining and Some Stablecoins Can Be Legalized in Russia, Duma Deputy Insists […]

Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says

Armenia is going to invite cryptocurrency miners to install their coin minting hardware in an old thermal power plant. The TPP will be decommissioned and the government intends to rent it out to industrial companies including mining enterprises. Miners Welcome to Set Up Data Centers at Old TPP in Armenia The equipment at the Hrazdan […]

Decommissioned Power Plant in Armenia to Host Crypto Mining Farms

Bitcoin & cryptocurrency news

Bitcoin mining difficult spikes by 9% to all-time high

After Bitcoin’s mining difficulty jumped to the highest value ever at 26.64 trillion, the overall hashrate slumped a hair due to the rise in difficulty and lower bitcoin price. This weekend, Bitcoin’s hashrate is coasting along at 189 exahash per second (EH/s), after dropping to a low of 167 EH/s three days ago. The lower […]

Bitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining Profits

One of the largest bitcoin mining rig manufacturers in the world, Bitmain announced the launch of a new bitcoin miner that boasts speeds of up to 198 terahash per second (TH/s). The new model is called the Antminer S19 Pro+ Hyd. and it leverages liquid cooling technology in order to improve overall efficiency. Bitmain’s Latest […]

Bitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double the Power of Today’s Top Machines

Bitcoin & cryptocurrency news

North America’s Largest Bitcoin Miner Goes Public With a SPAC Merger (Report)

Bitcoin & cryptocurrency news

Solo Bitcoin Miner With Only 86 TH Finds Valid Block

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Bitcoin Miner CleanSpark Reaches 2 EH/s Hashrate Capacity

Bitcoin & cryptocurrency news

First U.S. House Hearing On Bitcoin Mining Shows Misunderstandings

Intel thinks it can deliver Bitcoin ASICs much more efficiently at lower cost, but I'll believe it when I see it.

Apparently, Intel Is Getting Into The Bitcoin ASIC Game

Bitcoin & cryptocurrency news

How one Ethereum miner earned over $500k in block rewards

True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizens’ wellbeing among the main reasons for the proposed restrictions. Russia’s Central […]

Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining

The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed at meeting climate change goals such as those set in the Paris Agreement, the regulator says. Bitcoin Mining Now Attacked in EU for Burning Too […]

Regulator Reiterates Call for EU Ban on Proof-of-Work Mining

Bitcoin & cryptocurrency news

ESMA vice-chairman calls for ban on proof-of-work crypto mining

“If policymakers take a cautious approach and foster a pro-innovation environment, the rewards for consumers, investors and all Americans are likely to be great,

Witnesses address energy impacts of crypto mining during House hearing

O’Leary says many sovereign funds are looking to invest in Bitcoin mining operations and…
The post Kevin O’Leary says he could start a Bitcoin mining operation this year appeared first on Coin Journal.

Kevin O’Leary says he could start a Bitcoin mining operation this year

Bitcoin & cryptocurrency news

Suppressed By World Superpowers, Ethiopia Should Turn To Bitcoin

The giant chip maker will present a new “ultra-low-voltage energy-efficient” chip at the upcoming ISSCC conference.

Intel To Join Bitcoin Mining ASIC Market With New Chip

Bitcoin & cryptocurrency news

Shark Tank’s Kevin O’Leary plans to open his own mining operations this year

Bitcoin & cryptocurrency news

Intel Plans Bitcoin Mining Chip Reveal At Upcoming Conference

A regional court has sentenced a man accused of illegally connecting his crypto farm to the grid to two years in prison. The decision comes as authorities in Moscow prepare to address the lack of proper regulations for cryptocurrency mining, which has become a popular source of income in Russia. Illegal Crypto Farm Burns 1.3 […]

Crypto Miner Convicted in Russia for Allegedly Stealing Power to Mint Digital Coins

Bitcoin & cryptocurrency news

Intel to Unveil Ultra Low Voltage ASIC Chip

Bitcoin & cryptocurrency news

Proof-of-Work Needs to Adapt or Face Being Outlawed

Bitcoin & cryptocurrency news

What might Intel’s low-voltage Bitcoin mining chip mean for the future?

Bitcoin & cryptocurrency news

Congress Shares Witness List For Upcoming Bitcoin Mining Hearing

Entrepreneur Kevin O’Leary expressed his interest in purchasing stocks of mining companies that use sustainable energy.
Canadian businessman Kevin O’Leary laid out his plans to invest in mining company stocks. In an interview with Anthony Pompliano, Mr. Wonderful shared stories about his recent travels in the Middle East to find ways to invest in Bitcoin (BTC) mining. According to the Shark Tank mogul, investors in the Middle East are looking into “sovereign mining operations.”
O’Leary also predicts that in the next 2-3 years, sovereign funds may decide to invest in Bitcoin mining. However, the businessman notes that the funds will choose mining businesses that use sustainable energy. Due to environment-related controversies, the eco-friendliness of mining operations is a crucial deciding factor for investors, according to the Canadian entrepreneur.
The businessman also expressed his interest in opening his own mining operations. However, he explained that there are things that he is considering before this happens. He stated that aside from government approvals, the people who live in the community where the mining operations will take place must approve of the business.
Aside from these, the entrepreneur also explained that Bitcoin mining companies must be able to track their BTC earnings in company balance sheets. This enables investors to buy the mining company stock and own BTC through equity. O’Leary notes that he will be investing in BTC through this process.
Related: Kevin O’Leary-backed WonderFi to buy Bitbuy parent company for $162M
Back in December, O’Leary also shared his thoughts on crypto investing with the public. In an exclusive interview with Cointelegraph, the businessman explained that investing in crypto is similar to investing in Google and Microsoft.

Mr. Wonderful plans to invest in mining company stocks

Bitcoin & cryptocurrency news

Crypto Mining Hearing Memo Tainted With “Approximate” Data

Bitcoin & cryptocurrency news

Crypto Mining Advocates Face Uphill Battle

During the first month of 2022, both Bitcoin and Ethereum’s hashrates have climbed to all-time highs (ATHs). While Bitcoin’s hashpower surged to over 200 exahash per second (EH/s), Ethereum’s hashpower jumped to over 1 petahash per second (PH/s). A few mineable digital asset networks, however, saw their hashrates decline since their ATHs and the processing […]

Bitcoin, Ethereum, Monero Hashrates Tap Lifetime Highs — Dash, ETC, LTC Hashpower Lower Than Prior ATHs

In mid-October 2021, Twitter founder Jack Dorsey revealed the payments firm Block Inc. (formally Square) was considering joining the bitcoin mining industry. Three months later, Dorsey tweeted that his firm was “officially building an open bitcoin mining system.” The Block’s Hardware General Manager: ‘We See Bitcoin Mining as a Long-Term Need for a Future That […]

Jack Dorsey’s Payments Company Is ‘Officially Building an Open Bitcoin Mining System’

Bitcoin & cryptocurrency news

Insane Luck: Another Small Miner Pockets $270K BTC Block Reward Against All Odds

CoinGecko looked at all that happened with bitcoin in 2021, from its enhanced price volatility to the miners' relocations from China to other nations.

Bitcoin Outperformed Crude Oil, S&P 500, NASDAQ, and Gold in 2021 (CoinGecko Report)

On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to bitcoin ASIC mining rigs “at a fair market price.” NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service […]

Bitcoin Mining Firm Luxor Launches ASIC Trading Desk

A record high consumption of electricity blamed on illegal crypto farms in northwestern Georgia has caught the attention of authorities in the capital Tbilisi. The central government and the local utility are taking on the issue of dealing with power shortages in the mountainous region of Svaneti. With Tourism Hit by Pandemic, People in Georgia […]

Georgia Goes After Crypto Miners Using Subsidized Electricity in Historic Town

While mining is surely one of the most interesting ways to obtain bitcoin, the actual profit and benefit of doing so must be taken into account.

Making The Decision To Mine Or Purchase Bitcoin

Bitcoin & cryptocurrency news

Jack Dorsey’s Block Is Building A Bitcoin Mining System

In order to verify transactions, Bitcoin uses a proof-of-work (PoW) architecture. Block is building a hardware and software team of
The post has appeared first on thenewscrypto.com
The post Jack Dorsey Led Block Inc Announces Building Open Bitcoin Mining System appeared first on CoinRegWatch.

Jack Dorsey Led Block Inc Announces Building Open Bitcoin Mining System

Block chief executive Jack Dorsey has confirmed the company plans to develop an open Bitcoin mining system for long-term future plans.

Jack Dorsey’s Block to Build Open Bitcoin Mining System

China’s crackdown on Proof-of-Work mining last year tested the security of the Bitcoin network and showed that it was far more resilient than once thought.
The post Why China’s crackdown on mining is actually good for Bitcoin appeared first on CryptoSlate.

Why China’s crackdown on mining is actually good for Bitcoin

Bitcoin & cryptocurrency news

Cryptocurrency Mining House Committee Hearing Set for January 20

Jack Dorsey’s Block, formerly known as Square, is actively pursuing plans to build an open Bitcoin mining system.
The post Jack Dorsey’s Block to build an open Bitcoin mining system appeared first on CryptoSlate.

Jack Dorsey’s Block to build an open Bitcoin mining system

Bitcoin & cryptocurrency news

Chinese Law Enforcement Agency Have Reportedly Seized $1.7 Billion Worth of Crypto

Bitcoin’s hashrate has been riding high again as the processing power tapped another lifetime high on January 15, 2022, reaching 219.68 exahash per second (EH/s). The new record follows the previous all-time high (ATH) on the first day of the year, when the network’s hashrate tapped 219.5 EH/s. Bitcoin’s Hashrate Hits a Milestone, Analyst Discusses […]

Bitcoin’s Hashrate Taps New Lifetime High, BTC Price 20% Above Production Cost, Difficulty Nears ATH

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Small Bitcoin Miner Beats the Odds and Gets 6.25 BTC Reward

Bitcoin mining has increased at its quickest pace since May 2021. The total number of Bitcoin reserves was 1.859 million
The post has appeared first on thenewscrypto.com
The post Bitcoin Miners Accumulate Over 5000 BTC Per Day appeared first on CoinRegWatch.

Bitcoin Miners Accumulate Over 5000 BTC Per Day

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Lone Bitcoin Miner Beats Odds to Mine Block

Bitcoin miners' reserves tapped a new one-year high following massive accumulation, while $1.3 billion in BTC was transferred out of exchanges in a day.

$1.3B of Bitcoin Withdrawn from Exchanges as Miners’ Reserves Reach Yearly High

Measuring Bitcoin’s environmental impact with “energy per transaction” is misleading and disingenuous.

Bitcoin ‘Energy Per Transaction’ Is A Misleading Metric

Publicly-traded bitcoin miner Marathon Digital has seen its share price tumble along with bitcoin. So, does that make it a good buy?

Is It A Good Time To Buy Marathon Digital Stock?

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The State Of Bitcoin Mining In Kazakhstan

Global bitcoin mining company Bitfarms has bought the dip and added 1,000 bitcoins to its balance sheet while the prices of mining hardware remain high. The company’s corporate treasury now holds more than 4,300 bitcoins. Mining Company Buys the Dip Bitfarms Ltd. has taken advantage of the falling price of bitcoin. The publicly traded bitcoin […]

Bitfarms Buys the Dip: 1,000 Bitcoin Added to Treasury as BTC Falls While Mining Hardware Prices Remain High

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Kosovo Police Confiscates Hundreds of Cryptocurrency Mining Machines

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How one Tesla owner mined crypto with his car

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Canadian Bitcoin Miner Bitfarms Bought the Dip: Adds $43.2 Million Worth of BTC

A job posting by Block shows they are looking to hire a team dedicated to launching the “next generation” of bitcoin mining ASIC.

Jack Dorsey’s Block Is Hiring To Develop Next-Gen Bitcoin Mining ASIC

The price of bitcoin has been on a long losing streak since November 10, 2021, when the leading crypto asset tapped an all-time high at $69K per unit. During the last two weeks, bitcoin has shed more than 19% in value, and the network’s hashrate has dropped from over 200 exahash per second (EH/s) to […]

Bitcoin’s Hashrate Slides 15% in 10 Days, Price and Difficulty Puts Pressure on BTC Miners

According to the 2018 Tesla Model 3 owner, Siraj Raval, he mined up to $800 a month in crypto assets with his hacked-out electric car. Similarly, Chris Allessi, the owner of a Tesla Model S tethered a Bitmain Antminer S9 to his car’s electrical system to mine bitcoin, and he’s mined monero with the car’s […]

Electric Car Owner Says His Hacked Tesla Model 3 Mined up to $800 a Month Mining Ethereum

The situation across Kazakhstan, hit by anti-government protests in the first week of the year, is normalizing, central authorities claim. The country’s massive crypto mining industry, which faced an internet blackout during civil unrest on top of power shortages, now hopes that the country will nevertheless remain an attractive location for miners. President Tokayev Has […]

Kazakhstan Is Stabilizing, Government Claims as Crypto Miners Look to Future in Country

The team at Bitcoin infrastructure company Blockstream reflects on its exceptional growth in 2021, which mirrored Bitcoin’s own.

Blockstream’s 2021 In Review: How Bitcoin’s Biggest Infrastructure Company Grew Last Year

Police in Kosovo seized another batch of over 200 mining devices as part of raids that started on Thursday. The offensive against underground crypto farms was launched after authorities in Pristina banned the power-hungry minting of digital currencies amid an energy crisis in the country. Authorities in Kosovo Confiscate Mining Hardware in Serb Majority North […]

Kosovo Seizes Hundreds of Crypto Mining Machines in Crackdown

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Spanish Politician Argues the Country to Position Itself as a Bitcoin Mining Hub

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Why China’s Ban Was The Best Thing For Bitcoin In 2021

The government of Kosovo has decided to suspend crypto mining activities in the country as part of measures to deal with power shortages this winter. The move has been proposed by a special parliamentary committee tasked with bridging the gap between electricity demand and supply. Kosovo Authorities Ban Crypto Mining to Save Needed Energy The […]

Kosovo Halts Cryptocurrency Mining Amid Energy Crisis

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Kosovo Bans Crypto Mining Amid Electricity Blackouts During Winter (Report)

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Internet Blackout Reported in Kazakhstan Amid Escalating Anti-Government Protests

Developments around the global regulation, hash rate and adoption of Bitcoin made for a unique year in 2021. So how will 2022 play out?

How The Geopolitics Of 2021 Will Shape The Year Ahead For Bitcoin

Hardware manufacturer Canaan is expanding its crypto mining operations in Kazakhstan. The company is now cooperating with a number of mining firms there and has already deployed over 10,000 pieces of hardware despite the country’s challenges with electricity supply. Increased energy prices have also provoked protests that could potentially affect the industry. Canaan Secures Mining […]

Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, Protests

Spurred by a sharp rise in fuel prices, raging protests in Kazakhstan brought about a nationwide internet blackout.
The post Fuel price protests escalate in Kazakhstan causing internet blackout for its Bitcoin miners appeared first on CryptoSlate.

Fuel price protests escalate in Kazakhstan causing internet blackout for its Bitcoin miners

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Canaan expands crypto mining operations in Kazakhstan

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Core Scientific Mined Over 1K Bitcoin In December To End 2021 Holding 5,296 BTC

Measures imposed by authorities to quell mass protests in mining hotspot Kazakhstan are affecting cryptocurrency markets and the Bitcoin network hashrate. To deal with the civil unrest caused by rising fuel prices and a worsening economy, the government restricted access to the internet and closed down local banks. Fears are rising that the turmoil may […]

Kazakhstan Shuts Down Banks, Internet Amid Unrest That Threatens Bitcoin Mining, Hashrate

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How could the instability in developing countries alter the Bitcoin mining landscape?

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Exploring The Thesis That Bitcoin Miners Can Replace Global Consensus

A crackdown on bitcoin mining by China has led to an increase in the number of Thai investors that have acquired and are operating mining rigs, a report has said. The report adds that many of these investors are currently earning between $30 and $40 per day from each mining rig. Chinese Crackdown and the […]

Chinese Crackdown Bolsters Bitcoin Mining in Thailand, Bigger Investors Eye Setting Up Operations in Laos

The new mining operations manager for Compass Mining discusses his experience, offers tips for mining at home and predicts the industry’s future.

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China’s crackdown on crypto mining has allowed Kazakhstan to quickly fill the void by offering cheap fuel and a welcoming business environment.
Bitcoin (BTC) mining hardware manufacturer Canaan Inc is expanding its footprint in Kazakhstan after signing new strategic partnerships with multiple crypto mining firms in the country.
The Nasdaq-listed company announced Tuesday that it had deployed 10,300 AvalonMiner units in Kazakhstan as of Dec. 31, 2021, finalizing phase one of its deployment in the central Asian country. Canaan is partnering with local firms as part of its business expansion plans outside of China. However, the company declined to list any of its local partners.
Although Canaan is based in Hangzhou, China, the company is eyeing expansion outside of its home country following Beijing’s wholesale crackdown on crypto mining in 2021. Zhang Nangeng, Canaan’s CEO, spoke out against the mining ban during an earnings call in July, telling investors that crypto miners make better use of stranded electricity and contribute positively to employment and the local economy.
With China snuffing out the crypto mining industry, neighboring Kazakhstan has rushed to fill the void, offering displaced miners cheap and plentiful coal. By June 2021, the world’s fifth-largest mining pool had set up shop in Kazakhstan. The following month, Kazakhstan accounted for nearly a fifth of the world’s Bitcoin mining output.
Related: Kazakhstan to decide whether to launch CBDC by late 2022
China’s ban on Bitcoin mining resulted in a sharp drop in network hash rate, but that has quickly reversed after displaced miners established new bases of operations. Following a six-month recovery, the Bitcoin network’s hash rate reached a new all-time high on Jan. 2.
#Bitcoin hash-rate smashed a new all-time high yesterday! pic.twitter.com/TzEGE3sNRF
— Bitcoin Archive (@BTC_Archive) January 3, 2022
As for Canaan, the company recorded stellar growth in 2021, with net revenues hitting post-IPO highs. The company’s net revenues totaled $204.5 million in the third quarter, up 708.2% over the same period a year earlier, according to unaudited financial results that were posted in November.
The post Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan appeared first on CoinRegWatch.

Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan

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Nasdaq-Listed ASIC Maker Canaan Partners With Multiple Mining Firms in Kazakhstan

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ViaBTC partners with Zionodes to improve bitcoin mining services

An incredibly interesting way to figure out the value of an ASIC given its consumption and profitability over an extended period of time.

Denver’s Derivative — How To Gauge The Price Of A Bitcoin ASIC

It would take an attacker with 100% of current hash rate over two years to rewrite the Bitcoin blockchain, an all-time high.

As Bitcoin Turns 13, The Network Is More Secure Than Ever

The Bitcoin network underwent a six-month-long rally to attain a new all-time high hash rate of 207.53 million tera hashes per second (TH/s) on Saturday.
Today marks the 13th year since Bitcoin (BTC) creator Satoshi Nakamoto mined the genesis block or block 0 of the Bitcoin network, and for the first time mined a reward of 50 BTC back on Mon, 2009. Fast-forward to 2022, the BTC network shows no signs of slowing down by reaching a new all-time high hash rate of 207.53 million tera hashes per second (TH/s).
The Bitcoin hash rate, which correlates to the strength of the network based on the number of active miners, saw a temporary downfall after China banned citizens and businesses from pursuing crypto mining and trading activities. As a direct result of China’s blanket ban on crypto a sudden shortage of miners, the Bitcoin hash rate fell to 58.46 million TH/s.
BTC hash rate in June 2021. Source: YCharts
As evidenced by the above graph, the Bitcoin hash rate saw an eventual comeback as Chinese miners began migrating to friendly jurisdictions. On Jan. 1, 2022, the Bitcoin network recorded a new all-time high of 207.53 million TH/s, reclaiming the network’s security by increasing the mining difficulty.
BTC hash rate in January 2022. Source: YCharts
At the time of writing, the Bitcoin network hash rate stands at 190.64 million TH/s, down 8.14% from its all-time high.
Related: Bitcoin holdings of public companies have surged in 2021
BTC holdings of private corporations have significantly increased in the previous year, as revealed by on-chain analyst Willy Woo.
Since MicroStrategy's

Bitcoin network turns 13, celebrates with new hash rate all-time high

The Argentinian government is starting to inquire about the power consumption of bitcoin mining companies after some provinces in the country faced power cuts during the last days of 2021. Cammesa, the state-owned power wholesaler, has sent a memo to big power consumers to reveal whether they are mining cryptocurrency. If so, the companies should […]

Argentinian Government Inquires About Energy Bitcoin Mining Companies Use Amidst Power Cuts

Bitcoin & cryptocurrency news

Bitcoin Mining At Home: Trend To Watch In 2022

Bitcoin’s hashrate tapped a lifetime high on the first day of 2022 reaching 209.39 exahash per second (EH/s). During the last 12 months, Bitcoin’s hashrate has increased by 47.92% from the 141.55 EH/s recorded on January 3, 2021. Bitcoin’s Hashpower Reaches a New Milestone The processing power and security dedicated to the Bitcoin (BTC) network […]

0.2 Zettahash: Bitcoin’s Hashrate Taps New Lifetime High, Mining Difficulty Nears ATH

Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in Russia. Subsidized household energy has turned mining into a source of income for many locals. Electricity Consumption Spikes Amid Spread […]
The post Power Outages in Russia’s Irkutsk Region Blamed on Home Miners appeared first on CoinRegWatch.

Power Outages in Russia’s Irkutsk Region Blamed on Home Miners

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Bitcoin hashrate recovers, reaches new ATH

The government in Kazakhstan is considering building a nuclear power plant to overcome an electricity deficit allegedly caused by the booming crypto mining industry. Problems with power supply are driving away miners that saw the Central Asian country as a new home when China recently cracked down on the industry. NPP Project Revived Amid Short […]

Kazakhstan Mulls Nuclear Power to Deal With Electricity Shortages Blamed on Crypto Miners

Kazakhstan’s crypto mining industry was initially boosted by China’s tightening grip on digital asset regulation.
The post Crypto miners in Kazakhstan flee over aging electricity infrastructure appeared first on CryptoSlate.

Crypto miners in Kazakhstan flee over aging electricity infrastructure

Bitcoin & cryptocurrency news

Iran Bans Bitcoin Mining Until March

Pompliano told CNBC in an interview that Bitcoin’s energy usage continues to become more…
The post Pompliano highlights “key points” lost in Bitcoin’s energy use argument appeared first on Coin Journal.

Pompliano highlights “key points” lost in Bitcoin’s energy use argument

Electricity shortages have been dogging Kazakhstan’s booming crypto mining industry this year. A media report reveals that some miners, including some of those that moved in amid China’s crackdown on the sector, are now looking to relocate to destinations with a more stable energy supply like the United States. Miners Shut Down Crypto Farms Due […]

Power Deficit Forces Crypto Miners to Leave Kazakhstan

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Marathon Digital Purchased Additional 78,000 Bitcoin Mining Machines for $900M

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Thailand’s small entrepreneurs tapped into lucrative Bitcoin mining–buying up rigs from China

Authorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining companies to suspend activities in order to avoid winter blackouts. Crypto Miners in Iran to Mint Digital Coins Using Renewable Energy Regulated companies mining cryptocurrency in Iran […]

Iran Allows Renewable Power Plants to Supply Crypto Miners With Electricity

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Winter is Coming: Iran Temporary Halts Local Bitcoin Mining to Prevent Electricity Blackouts

Jasmine Technology Solution went from $2 to $150 per stock in 2021 after announcing a crypto shift... and mining less than 10 BTC

This Thai Tech Corporation Spiked Almost 7000% in 2021 After Announcing a Crypto Mining Operation

20 days ago, Ethereum’s network participants upgraded the protocol and implemented the Arrow Glacier upgrade. The move delayed Ethereum’s “Ice Age” proof-of-stake (PoS) transition for another six months and this week, the network’s hashrate tapped all-time highs. For the first time, statistics within the six-month range indicate Ethereum’s hashrate surpassed 1 petahash per second (PH/s). […]

Ethereum Hashrate Taps Record-Setting 1 Petahash as ETH’s Mining Profitability Remains High

Bitcoin & cryptocurrency news

Iran halts Bitcoin mining to preserve energy for the winter

Authorities in Iran have again told licensed miners to suspend their activities in the face of electricity shortages during the cold winter months. Following a period of similar restrictions this past summer, authorized companies were allowed to resume mining in September. Crypto Mining Farms in Iran to Shut Down During Winter Expecting energy needs across […]

Iran Orders Crypto Miners to Halt Operations to Prevent Winter Blackouts

Iran previously put a temporary blanket ban on crypto mining amid historically peak periods for power demand in summer.
Amid Iran’s energy consumption increasing during the winter, local energy authorities have decided to halt operations of authorized cryptocurrency mining centers.
Mostafa Rajabi Mashhadi, chairman of the board and managing director of Iran Grid Management Company (Tavanir), announced that Iran is shutting down crypto mining centers again to reduce liquid fuel consumption in power plants amid decreasing temperatures.
Mashhadi said that Iranian authorities took this action to reduce energy consumption last month, The Islamic Republic of Iran Broadcasting (IRIB) reported on Dec. 25.
“The Energy Ministry has been implementing measures since last month to reduce the use of liquid fuels in power plants, including cutting licensed crypto farms’ power supply, turning off lampposts in less risky areas and stringent supervision of consumption,” he said.
The executive emphasized the importance of saving energy in the country, calling on citizens to reduce their electricity and gas consumption as much as possible as well. According to local reports, 70% of the fuel consumed in Iran is used for heating buildings. The new energy-saving measures are reportedly expected to cut energy consumption by at least 40%.
While enforcing restrictions on authorized crypto mining operators, the Iranian government has also been working to combat illegal crypto miners. In late November, local energy authorities announced that they had in total seized 222,000 mining devices used for illicit mining crypto since the industry regulations were established.
Related: Iran Blockchain Association head calls for special council on crypto laws
Iran is one of the world’s biggest crypto mining countries, accounting for an estimated 4.5% to 7% of the global Bitcoin (BTC) hash rate. The country previously put a temporary blanket ban on crypto mining in summer, citing historically peak periods for power demand due to hot temperatures. The ban was subsequently lifted in September as the Iranian power grid became more stable.
The post Iran halts authorized crypto mining to save energy for winter appeared first on CoinRegWatch.

Iran halts authorized crypto mining to save energy for winter

On-chain data shows that bitcoin miners' reserves have been increasing since June and have tapped a new six-month high.

Bitcoin Miners’ Reserves Reach Six-Month High

Seven months ago, during the first week of May, the digital currency entrepreneur Jihan Wu said at a conference that he expects the crypto industry to surpass the internet and the following August, Wu’s firm Matrixport raised $100 million and joined the crypto industry’s growing list of unicorns. This week an interview with Wu was […]

Matrixport Founder Jihan Wu Believes Crypto Space Will Swell to ‘Tens of Trillions of Dollars’

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I Wandered Lonely As A Bitcoin Mining Investor

The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages. Regions in Russia Granted Permission to Increase Costs for Home Mining Russians mining cryptocurrencies […]

Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners

Marathon, one of the leading bitcoin mining companies in North America announced it has entered a new purchase agreement with Bitmain, a bitcoin mining machine manufacturer. This deal would allow them to acquire an undisclosed number of Antminer S19 XP models, an ASIC capable of delivering 140 TH/s while being more efficient than its previous […]

Marathon Announced New Purchase of Bitmain Miners, Expects to Reach 23.3 EH/s for Early 2023

A crypto working group has held its first meeting at Russia’s parliament. Its members have been tasked to put forward legislative proposals designed to comprehensively regulate cryptocurrencies and related matters in the Russian Federation. Working Group Gathers at State Duma to Draft Crypto Regulations Lawmakers, government officials, and experts have met at the lower house […]

Working Group Meets to Prepare Regulations for Cryptocurrencies in Russia

The hashpower behind the Bitcoin network has continued to stay above the 180 exahash per second (EH/s) zone after recently reaching a lifetime high. Five months ago the hashrate tapped a low at 69 EH/s and since then, the hashpower has increased by 163% during the last 178 days, or five months ago. Bitcoin Hashrate […]

Bitcoin’s Hashpower Remains High, Up 163% in 5 Months, Foundry USA Commands Top Mining Pool

Shares of the mining firm beat out BP and Lloyds Banking Group to become one of the stocks most actively traded by Fidelity customers in 2021.
Financial services company Fidelity Investments’ U.K. arm reported that over the last 12 months, customers were most interested in trading shares of crypto mining firm Argo Blockchain.
In a Thursday report, Fidelity said Argo Blockchain ranked third among the top five stocks most actively traded by its customers in 2021 — the others were Rolls-Royce, British Airways owner International Consolidated Airlines, oil giant BP and Lloyds Banking Group. Argo, which Fidelity described as a “trending” stock, also ranked third among stocks traded by Self-Invested Personal Pension, or SIPP, investors.
However, the financial services company hinted that Argo may not make the top five next year. According to Fidelity, “new arrivals” knocked the mining firm off the list of most actively traded stocks in December, including COVID-19 test manufacturer Genedrive, fast-fashion retailer Boohoo Group and engineering firm Smiths Group.
One of the first crypto mining firms to be listed on the London Stock Exchange in 2018, Argo Blockchain has steadily expanded its operations. Argo became more accessible to U.S. investors through a public listing on the Nasdaq in September. In addition, the firm is currently constructing a facility on a 320-acre land plot in West Texas, aiming for “access to up to 800 [megawatts] of electrical power” to mine Bitcoin (BTC) and other cryptocurrencies.
Helios Update!
Our Head of Design & Construction, Matt Nackino, walks us through an update of where things are at with our Helios facility build. #ARB $ARBK pic.twitter.com/cdzzcd9v4b
— Argo (@ArgoBlockchain) December 20, 2021
According to data from its website, Argo’s facilities in North America are currently using 45 MW of electricity to generate more than 1.6 exahashes per second of Bitcoin. As of the end of November, the company reported it had generated 1,831 BTC and held 2,317 Bitcoin or “Bitcoin Equivalent” — roughly $93 million and $118 million at the time of publication, respectively.
Related: Argo Blockchain mines record 597 BTC during Q3 2021
Shares of Argo are currently trading on the London Stock Exchange at a price of $130.10, having fallen more than 65% since reaching an all-time high of $380.96 in February.
The post Argo Blockchain among most traded stocks by Fidelity customers appeared first on CoinRegWatch.

Argo Blockchain among most traded stocks by Fidelity customers

Xinhua, the official news agency of China, is going to issue an NFT collection with photographs depicting historic moments of the passing year. The initiative, which comes amid an ongoing crypto crackdown, is seen as a boost for blockchain, the technology that also underpins cryptocurrencies. Xinhua to Create Digital Collectibles Based on Photo Reports The […]

China’s Xinhua News Agency to Issue NFTs Despite Crackdown on Crypto

Argo’s CEO Peter Wall says that mining was extremely profitable in 2021 and will…
The post Argo Blockchain CEO says Bitcoin mining extremely profitable in 2021 appeared first on Coin Journal.

Argo Blockchain CEO says Bitcoin mining extremely profitable in 2021

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Households Are Exploiting Cheap Siberian Energy to Mine Bitcoin

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The City Of Abilene And Taylor County To Build $2.4 Billion Data Center, Will Host Bitcoin Mining

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Stronghold Digital Mining Buys 9,090 Bitcoin Mining Rigs

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BBC Bitcoin Mining Report Used in B2C Mining Scam

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Bitcoin Miner Stronghold To Acquire 9,080 Rigs

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Despite ban, China’s Bitcoin miners keep operating

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China Is Mining Bitcoin Underground: Report

A cryptocurrency bill introduced in July to the Senate of Paraguay has been approved. The text, which defines several important concepts including virtual assets, and establishes the need for licenses to mine cryptocurrencies, will now advance to the Deputy Chamber to be discussed. Paraguay Could Approve Crypto Law by Next Year A new cryptocurrency bill […]
The post Cryptocurrency Bill Advances to Chamber of Deputies in Paraguay appeared first on CoinRegWatch.

Cryptocurrency Bill Advances to Chamber of Deputies in Paraguay

The market for crypto mining equipment in Russia has seen strong interest from buyers of both new and used devices, retail data indicates. This year, demand for application-specific integrated circuit (ASIC) machines has multiplied exponentially while video cards have been in short supply leading to rising prices. Crypto Miners in Russia Looking to Increase Computing […]

Demand for Mining Hardware Spikes in Russia, Prices Rise

The Central Bank of Russia has reaffirmed its opposition to cryptocurrency investments citing the volatility of the digital assets as a key motive for its conservative stance. Governor Elvira Nabiullina has recently indicated that the regulator has the means to restrict them. Nabiullina Insists Bank of Russia Can Limit Investments in Crypto Assets Russia’s monetary […]

Bank of Russia Has Tools to Restrict Crypto Investments, Governor Hints

An industry organization controlled by the Chinese government has updated a list of topics users of video-sharing apps should avoid. Crypto-related content is now among the entries along with traditional taboos in China like mocking its leadership, provoking sectarianism, and showing sex. Clips on Crypto Trading, Mining Banned in China The China Netcasting Services Association […]

China Censors Crypto-Themed Short Videos Shared Online

Authorities in Russia are discussing two very different approaches to the regulation of cryptocurrencies and related activities. While the Bank of Russia is reportedly seeking to introduce a ban on buying crypto assets, lawmakers are moving forward with efforts to adopt rules for mining, exchange, and taxation that would effectively legalize cryptocurrencies. Russian Officials Debate […]

Russia to Decide Between Full Ban and Legalization of Crypto Investments, Trade

The bill, which does not make bitcoin legal tender in Paraguay, will be discussed by the country’s Chamber of Deputies in 2022.

Paraguay’s Bitcoin Bill Passes the Senate

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Canaan Secures Order for 30,000 Bitcoin Mining Rigs From Genesis Digital Assets – Mining Bitcoin News

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GPU Miners Paying WAY Over MSRP On AMAZON…

The application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer Canaan has announced the company has secured a follow-on contract from Genesis Digital Assets for 30,000 mining machines. The sale is part of an agreement between Canaan and Genesis that gives the mining operation the option to purchase up to 180,000 ASIC bitcoin mining rigs. Canaan […]

Canaan Secures Order for 30,000 Bitcoin Mining Rigs From Genesis Digital Assets

Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on draft legislation to regulate the crypto activity. The industry cannot rely on support from the state, another high-ranking parliamentarian has added. Unauthorized Use of Power […]

Illegal Crypto Miners Threatened With Jail Time in Russia

The pace of the crypto industry’s acceleration in 2021 has surprised many, including Marcus Swanepoel, CEO of cryptocurrency exchange Luno. Swanepoel recently remarked: “We knew it was coming, but just not that fast, particularly in certain subsectors like NFTs and some altcoins.” Subsectors at ‘Top of Their Hype Cycle’ The acceleration of the crypto industry […]

Luno CEO: ‘Industry Accelerated a Lot Faster This Year Than We Anticipated’

A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests. Beijing Court Invalidates Bitcoin Mining Contracts The Chaoyang District People’s Court in the […]

Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms

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Former SC Gov Candidate Is Mining Bitcoin

The American actress and businesswoman Gwyneth Paltrow has participated in an investment round involving the bitcoin mining operation Terawulf. According to reports, Paltrow and a group of investors made a “substantial, 8-digit equity investment” in the company. Paltrow is well known for her involvement with cryptocurrencies and joined the crypto firm Abra in 2017 as […]

Actress Gwyneth Paltrow Invests in Bitcoin Mining Operation Terawulf

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90% of all BTC to Ever Exist Have Been Created in the Last 12 Years, but it Will Take an Estimated 118 Years to Mine the Rest

18.89 bitcoins have already been mined, representing 90% of the total supply. The remaining 10%, however, will take 120 years to mine.

90% of All Bitcoin is Now Mined: The Remaining 10% Will Take Approximately 120 Years to Mine

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90% Of Total Bitcoin Supply Has Been Mined. How Long Will The Rest Take?

On December 12, crypto advocates celebrated the fact that 90% of the 21 million bitcoins that will ever exist have been mined into circulation. Currently, Bitcoin’s inflation rate per annum is around 1.88%, which is lower than the central banks’ traditional 2% target reference. Furthermore, in 875 days, the network’s inflation rate is expected to […]

90% of Bitcoin’s Supply Cap Has Been Issued, Miners Have 119 Years Left to Mine BTC

To this day, Satoshi Nakamoto is one of Bitcoin’s biggest mysteries as people have searched far and wide to uncover the creator’s identity. 11 years ago, on December 12, 2010, the pseudonymous blockchain programmer (or programmers) left a final message to the crypto community stressing that “there’s more work to do on [denial-of-service] DoS.” Satoshi […]

‘There’s More Work to Do’ — 11 Years Ago, Satoshi Nakamoto Sent a Final Message to the Bitcoin Community

While bitcoin prices have consolidated around the $50K zone, the network’s hashrate has reached an all-time high (ATH) on December 8, 2021, tapping 194.95 exahash per second. Bitcoin miners have increased their processing power a great deal despite the fact that mining bitcoin is 8.33% harder to mine since December 11. Bitcoin Hashrate Taps 194 […]

Bitcoin Hashrate Hits an All-Time High Suggesting Thousands of Next-Gen Machines Have Joined the Race

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90% Of All 21 Million Bitcoin Have Now Been Mined

The firm Foundry Digital announced on Wednesday that the business has launched a bitcoin mining rig marketplace called Foundryx. According to Foundry, the company has access to more than 40,000 mining machines that are ready for resale. In addition to the marketplace launch, the company’s mining operation, Foundry USA, has become the world’s largest bitcoin […]

Foundry Launches Bitcoin Mining Machine Marketplace, US Pool Becomes the World’s Largest Miner

Cryptocurrency mining is among several energy-intensive industries hurt by a power deficit in Iceland. The country’s main utility is now rejecting requests to connect new coin minting facilities to the grid, after cutting supply to aluminum smelters and fish factories. Iceland Turns Away New Crypto Miners to Deal With Lack of Energy Iceland’s largest utility, […]

Iceland Refuses to Power New Bitcoin Farms Amid Electricity Shortages

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CleanSpark’s 20 MW Bitcoin Mining Farm To Be Immersion Cooled

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Bitcoin Hashrate Improves to Pre-China Crackdown Levels

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Discussing The Bitcoin Energy Revolution

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Thinking Outside The Box With Upstream’s New Black Box For Home Bitcoin Mining

Cleanspark, a sustainability-focused bitcoin mining company, has announced it will kick-start a 20 MW initiative in its Norcross bitcoin mining facility where miners will be cooled via immersion. The company will host more than 5,900 miners in this facility, which will be submerged into tanks of a biodegradable liquid. Cleanspark states this will help them […]

Bitcoin Mining Company Cleanspark to Kick-Start 20 MW Immersion Cooling Initiative

A Russian power utility has found a way to increase electricity prices for consumers mining cryptocurrency using household electricity. The regional distribution company has taken dozens of amateur miners to court and has already won some of the cases. Power Utility Goes After Crypto Miners Using Subsidized Electricity to Mint Digital Coins Irkutskenergosbyt, a power […]

Power Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity Rates

This month, a Bitcoin mining operation is launching northeast of Niagara Falls, on the site of decommissioned coal-fired Somerset Generating Station, The New York Times reported.
The post What is driving Bitcoin miners to New York’s fading blue-collar towns? appeared first on CryptoSlate.

What is driving Bitcoin miners to New York’s fading blue-collar towns?

If the recent trend in Bitcoin network hash rate continues, we should see new all-time highs by the end of the year.

Bitcoin Is Approaching Hash Rate All-Time Highs

Digital asset exchange Huobi Global has revealed its intention to exit the Chinese Market. The crypto trading platform with Chinese roots said it will stop processing transactions for existing users on the mainland by the end of the year. Huobi Global Halts Services in the People’s Republic Crypto exchange Huobi Global is going to discontinue […]

Cryptocurrency Exchange Huobi Global to Leave China This Month

Why bitcoin mining will galvanize the greatest revolution in energy production since the Industrial Revolution.

Bitcoin Mining And The Case For More Energy

How to build a home network that prevents your ISP from seeing your data, isolates ASICs and allows you to mine Bitcoin without permission.

How To Mine Bitcoin At Home On A Private Network

The Ethereum network will be undergoing a scheduled upgrade soon called “Arrow Glacier,” a change that aims to mimic the “Muir Glacier” upgrade. Essentially, Ethereum’s Arrow Glacier changes the parameters of the network’s Difficulty Bomb delay to June 2022. This will give the Ethereum network another six months until it leads to the “Ice Age” […]

Delaying the Ice Age — Ethereum Network Participants Prep for Upcoming Arrow Glacier Upgrade

An illegal crypto mining farm was found and shut down by authorities in Ukraine. The facility was allegedly stealing energy to conduct its operations in the Kyiv region. The authorities claimed the responsible parties were three residents of the same region who rented a large building in the Mucha district for placing the mining equipment […]

Why The Ukranian Police Raided A Crypto Farm

A lot has happened in the Bitcoin space, from mining crackdowns to new all-time highs to market crashes. Out of all of these have come some very interesting takes on how Bitcoin and crypto, in general, are affecting the day-to-day lives of individuals. One of these has been the energy consumption associated with bitcoin mining. […]

Only In Crypto: Ted Cruz Cosigns Argument That Bitcoin Miners Are Fixing Texas Electric Grid

There are numerous factors to consider in weighing the centralization of bitcoin mining, and the industry can only be as decentralized as any one.

How Centralized Is Bitcoin Mining Really?

ERCOT interim CEO Brad Jones declares he’s pro Bitcoin. The CEO notes that Bitcoin mining in the state could be mutually beneficial to Texas and the Bitcoin network. Texas Rep, Ted Cruz, also shares the same sentiment. Bitcoin has often been criticized for its high energy consumption used by the mining process of the proof-of-work […]

CEO Of Texas Power Giant Declares Bullish Stance On Bitcoin

El Salvador’s leading ecologist Ricardo Navarro believes that mining bitcoin with a volcano, or geothermal energy, will “end in environmental disaster.” Navarro believes geothermal energy costs more than oil, and thinks El Salvador’s millennial president Nayib Bukele’s decision is questionable. Salvadoran ecologist Ricardo Navarro Questions His Country’s Volcano-Powered Bitcoin City Venture During the second week […]

Salvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will ‘End in Environmental Disaster’

Bitcoin mining energy consumption has been one of the most addressed issues in the crypto space. Concerns over its energy consumption and environmental impact had been reasons cited during the China crackdown that saw miners exit out of the region en masse. The once bitcoin mining capital of the world had seen its hashrate crumble to zero following this move. Automotive manufacturer Tesla had also cited the same reasons when it had removed BTC payments option for its electric vehicles after implementing barely two months earlier. According to CEO Elon Musk, the EV manufacturer planned on implementing BTC payments again but the catch was that bitcoin mining would have to reach at least 50% clean energy. Related Reading | Croatia’s Largest Supermarket Chain Rolls Out Bitcoin Payments Bitcoin Mining Crosses 57% Renewable Energy The Bitcoin Mining Council which had been formed in June has been dedicated to tracking and reporting mining activities in the space. One of those has been the renewable energy usage in mining. The council which is made up of a network of bitcoin miners first reported in Q2 of 2021 that bitcoin mining activities had surpassed 50% renewable energy. In October, the council had once again released a report addressing the energy consumption of mining activities. The Bitcoin Mining Council reported that renewable energy usage had gone up in Q3, touching at 57.7% renewable energy. These numbers have evidently surpassed the threshold that Tesla CEO Elon Musk had set back in June as a prerequisite for resuming BTC payments. This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market. When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions. — Elon Musk (@elonmusk) June 13, 2021 BTC crashes to $55K | Source: BTCUSD on TradingView.com Calls For Tesla To Resume BTC Payments Taking to Twitter, BTC supporters had called on Elon Musk to review his statement regarding BTC transactions for Tesla vehicles. Data from the Bitcoin Mining Council’s report had been quoted by others to show that mining activities are now being powered by more than 50% clean energy. Confirmed. Your move @ElonMusk 🤔 pic.twitter.com/1c0TtKg1Ow — Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) December 1, 2021 Others, however, have questioned the credibility of the numbers provided by the council. Pointing out information from the press release that said 33% of the global bitcoin network had taken part in the survey. Another user said that there was no way to get reliable data using paper surveys. Rather energy audits would need to be carried out to determine what percentage of energy is clean energy. Related Reading | SEC Boss Acknowledges That Bitcoin Is A Competitor For U.S. Banking System There is no doubt that Tesla resuming BTC transactions would be positive for the market. The first time the automotive manufacturer had implemented crypto payments had sent the price of BTC surging. Elon Musk – or Tesla, is yet to address the issue of reinstating BTC payments despite the two reports from the Bitcoin Mining Council showing that mining has now crossed 50% clean energy. Featured image from Ledger Insights, chart from TradingView.com

Calls For Tesla To Resume Bitcoin Payments As Mining Reaches 57% Renewable Energy

Bitcoin’s hashrate has increased a great deal, even after the leading crypto asset’s price slipped below the $50K price zone. Eight days ago the network hashrate was coasting along at 168 exahash per second (EH/s), and this past week it increased 7.73% to today’s 181 EH/s. Bitcoin’s Hashrate Climbs Higher Following Difficulty Decrease Following the […]

Bitcoin Hashrate Rises Despite Price Drop, Mystery Hashpower Returns

Authorities in Russia and Ukraine have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been discovered around the capital cities, Kyiv and Moscow, as well as in the Russian republic of Dagestan. Russia Busts Illegal Mining Farms in Moscow Region and Dagestan Russian law enforcement […]

Russia, Ukraine Shut Down Several Cryptocurrency Farms

The province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing higher electricity rates for the mining enterprises that continue to operate in the region. Hainan to Ensure Crypto Miners Pay More for Power The ongoing crackdown on cryptocurrency mining in […]

China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations

The perpetual Ethereum difficulty bomb is evidence that blockchains can be coercive, and Bitcoin is evidence that they don’t have to be.

The Coercion Of Ethereum’s Difficulty Bomb