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Early Bitcoin-era whale moves $630K to Kraken, $5.5M in 2 months
16.10.2024
After the latest $630,000 transfer, the Bitcoin whale has now sent $5.47 million worth of Bitcoin to Kraken in the last two months.
UAE Agriculture Authority Bans Cryptocurrency Mining on Farms
24.5.2024
The Abu Dhabi Agriculture and Food Safety Authority, United Arab Emirates (UAE), has issued a new advisory prohibiting the use of farms for cryptocurrency mining.
The post UAE Agriculture Authority Bans Cryptocurrency Mining on Farms appeared first on Cryptonews
New Russian Law Will Legalize Industrial Crypto Miners, Limit Private Mining
30.4.2024
Russian lawmakers are set to legalize the nation’s industrial crypto mining sector, but could impose limits on home-based “private” miners.
The post New Russian Law Will Legalize Industrial Crypto Miners, Limit Private Mining appeared first on Cryptonews
Malaysian State Records Largest Number of Power Theft Cases Linked to Crypto Mining
23.4.2024
Sarawak state of Malaysia's Miri region has accounted for more than half of power theft cases linked to crypto mining since 2018.
The post Malaysian State Records Largest Number of Power Theft Cases Linked to Crypto Mining appeared first on Cryptonews
China Issues Warning to its Citizens in Angola Involved in Crypto Mining
22.4.2024
China’s blanket ban on crypto mining, followed a mass exodus of miners to various African nations including Angola.
The post China Issues Warning to its Citizens in Angola Involved in Crypto Mining appeared first on Cryptonews
Hut 8 Cuts Mining Costs By 30% At New Salt Creek Facility
16.4.2024
Hut 8 has quickly kickstarted its new Texas facility after relocating its mining machines from other sites.
The post Hut 8 Cuts Mining Costs By 30% At New Salt Creek Facility appeared first on Cryptonews
Core Scientific CEO Discusses Bitcoin Halving’s Impact on Mining
9.4.2024
Adam Sullivan, CEO of Core Scientific, shares his insights on implications of the upcoming Bitcoin halving, sheds light on the future of the mining industry and crypto market.
The post Core Scientific CEO Discusses Bitcoin Halving’s Impact on Mining appeared first on Cryptonews
Pennsylvania State, Crypto Miner Sued for Polluting Environment
27.3.2024
Pennsylvania environmental NGO – Save Carbon County – filed a lawsuit in a state court, accusing Stronghold Digital Mining for environmental contamination through Bitcoin mining.
The post Pennsylvania State, Crypto Miner Sued for Polluting Environment appeared first on Cryptonews
Is It Too Late to Buy WorldCoin? WLD Price Surges as Innovative Mining Protocol Democratizes Cloud Mining
23.2.2024
In a major move for Sam Altman’s crypto project, Worldcoin, WLD price has surged amid market excitement over OpenAI’s AI-powered video generation service Sora. This article will provide an analysis of WLD’s current price trends and look to see whether a newer project, BTCMTX, represents...
Bitcoin Price Hits 1 Year High: How Does It Affect XMINING
10.2.2024
  Today, Bitcoin price has touched the $47,800 mark. It’s a 110% increase in price in the last 365 days. But what does this soaring price mean for X MINING? Is it an opportunity for this revolutionary Bitcoin mining approach to showcase its capabilities and capture the market? Let’s learn more...
British Columbia Court Upholds B.C. Hydro’s Ban on Crypto Mining
6.2.2024
A provincial supreme court judge in British Columbia has deemed B.C. Hydro’s moratorium on crypto mining projects reasonable, according to a ruling posted on Monday. The moratorium, initially enacted in December 2022, faced a challenge from Conifex Timber, a forestry company diversifying into...
California School Officials Plead Guilty to Running Crypto Mining Scheme With School Resources
6.2.2024
A sophisticated scheme to defraud Patterson Joint Unified School District has been unveiled, with senior officials Jeffrey Menge and Eric Drabert at the helm, using the district’s resources to mine cryptocurrency illegally, as disclosed by the DOJ. School Officials Plead Guilty to Crypto Mining...
Record-high Hash Rates and Mining Difficulty Pushed Miners to Sell BTC: Compass Mining
29.1.2024
Bitcoin miners were forced to liquidate a portion of their Bitcoin holdings to cover operational expenses due to the surge in hash rates and mining difficulty, according to data from Compass Mining. In its annual review of the Bitcoin mining ecosystem, Compass Mining highlighted that the older...
Swan Bitcoin Expands into Mining, Plans Public Listing
26.1.2024
Swan Bitcoin, a firm specializing in Bitcoin-focused financial services, has recently launched its bitcoin mining unit named Swan Mining. According to Swan Bitcoin’s recent announcement, the “stealth mode” Swan Mining began operating in Summer 2023 and has already mined 750 Bitcoins to date....
Mining Digital Gold — These Are the Most Profitable Proof-of-Work Algorithms in 2024
21.1.2024
In September 2022, Bitcoin’s SHA256 algorithm ranked as the seventh most lucrative proof-of-work (PoW) network for mining. Fast forward a year and four months, and this algorithm has ascended to become the third most profitable crypto network for mining operations. 2022 to 2024 Sees...
Bitcoin Miner Core Scientific Set to Emerge From Bankruptcy
18.1.2024
Core Scientific has received the go-ahead from bankruptcy court for its reorganization, paving the way for the bitcoin mining giant to relist its shares on Nasdaq. Core Scientific Set for a Major Turnaround Core Scientific, Inc., a major bitcoin miner, is about to emerge from Chapter 11 bankruptcy....
Bitcoin is a Liberating Force for an African Village Mining It
5.1.2024
Source: AdobeStock / Riccardo Niels Mayer A village in Malawi is full of “happy people” – thanks to Bitcoin mining. The village is called Bondo. Rather, it’s a cluster of villages in the foothills of Mount Mulanje, in a remote Malawi region near Mozambique’s border. It’s an impoverished...
Bitcoin Miners Profit from Transaction Fees; Algorand and InQubeta Set for Positive Trajectory
3.1.2024
The revenue that Bitcoin (BTC) miners earn from transaction fees has risen. Due to more Ordinals being signed, the projects’ network fees went up to over $37. The platform’s hash price has also increased, which is suitable for miners because it means they will earn much more from...
Echoes of 2013: Bitcoin Mining Concentration Reaches Decade-High Levels
16.12.2023
In the past 72 hours, Antpool has dominated 26.48% of Bitcoin’s overall hashrate, closely followed by Foundry USA at 24.95%. Together, these two mining pools wield 51.43% of the prevailing 502 exahash per second (EH/s) total hashrate. This level of concentration in bitcoin mining pools...
The Crypto Sector’s Future: NuggetRush Merges P2E Gaming, Bitcoin Aims for $40,000
1.12.2023
TLDR Growing demand for Spot ETFs has pushed Bitcoin (BTC) near the $40,000 mark. NuggetRush has unveiled the first-ever play-to-earn adventure dedicated to artisanal mining. Eager investors have purchased over $700,000 worth of NUGX tokens. Bitcoin (BTC) bulls are eyeing the $40,000 mark...