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The 2020 Rainy Season Is Tougher Than Ever for China’s Bitcoin Miners
4.8.2020
Chinese bitcoin miners are usually happy this time of year because the monsoon season brings excessive rain and thus cheap hydro electricity. But this year has proved to be tougher than ever
Bitcoin Miners Saw 7% Revenue Increase in July
1.8.2020
Bitcoin miners earned $300 in revenue during July
The Future of Crypto Mining is All About Computing Power, Says RRMine Global CEO
30.7.2020
Crypto mining’s future will become more tech oriented, says CEO of RRMine global
Marine Corps Bans Crypto Mining Apps From Government-Issued Mobile Devices
29.7.2020
The Tuesday memo does not give a specific reason for the bitcoin mining ban but broadly cited security concerns
Marathon Boosting Bitcoin Mining Game With 1,360 More Rigs Arriving in August
29.7.2020
The publicly-traded firm has bought hundreds of rigs from mining hardware rivals MicroBT and Bitmain
Power Plants in Iran Are Authorized to Mine Bitcoin
29.7.2020
Power plants in Iran are allowed to mine cryptocurrencies, the deputy head of the country’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly confirmed. Mostafa Rajabi Mashhadi, deputy head of Tavanir, explained that entities have to apply for the necessary...
Is Bitcoin Mining Legal in India? Miners Still Don’t Know
28.7.2020
Following a recent Supreme Court decision, India's crypto industry is optimistic about the future. But miners still don't know if what they do is illegal
Bitcoin Mining Difficulty Drops, While Miners Slow Down BTC Sale
28.7.2020
Tonight (UTC time), Bitcoin (BTC) mining difficulty dropped for the first time in two months almost as estimated. Meanwhile, after selling more BTC than was generated in the past week, it seems that miners started to hoard more.
BTC mining difficulty, the measure of how hard it is to compete...
Why Debt Financing May Be a Double-Edged Sword for Bitfarms
27.7.2020
BitFarms used high-interest-rate debt with large balloon payments to grow expand operations. Now it may struggle to pay off its debt, according to CoinDesk Research
Bitcoin Mining Difficulty Set to Drop for the First Time in Two Months
27.7.2020
The short string of very high highs in Bitcoin (BTC) mining difficulty is to be broken today according to the current estimates, with miners about to see a difficulty drop instead.
Per the the current estimations by mining pool BTC.com, the difficulty will decrease by more than 3% to 16.8 T.
This...
BTC.top Launches ‘Joint Mining’ Platform, Pitching It as a Cloud Mining Killer
25.7.2020
The Chinese mining pool is offering an alternative to cloud mining, charging fees only after their equipment starts to pay for itself
Leadership Feud at Bitmain: 10,000 Antminers Go Missing in Inner Mongolia
25.7.2020
Reports detail that 10,000 Antiminers have been allegedly stolen from a Bitmain facility in China. Sources say that the missing mining rigs concern the ongoing power struggle between Bitmain cofounders Jihan Wu and Micree Zhan. Back in mid-June news.Bitcoin.com reported on the power struggle...
Bitcoin Mining Rigs Are Pouring into Abkhazia…Where Mining Is Illegal
24.7.2020
Illicit crypto mining appears to be booming in the South Caucasus region, with Abkhazia where crypto rigs are reportedly flooding over the border – despite the fact that mining is officially illegal under Abkhazian law.
The largely unrecognized Republic of Abkhazia in the South Caucasus...
2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners
24.7.2020
Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining...
Devastating Floods in China Raise Questions About Bitcoin Mining Too
22.7.2020
Source: a video screenshot, Youtube/ARIRANG NEWS
With cities under water, billions in damages already reported, and the amount of flooding that China hasn't seen in years putting an increasing pressure on the world's largest hydropower station, there is reasonable concern that mining facilities...
First Mover: Bitcoin Miners Find Upgrade Financing Aplenty, Even as Prices Languish
20.7.2020
Big-money players are extending financing to bitcoin miners for equipment upgrades, even though prices are still torpid two months after the halving
Venezuela Bans Bitcoin Mining Operations in the Country’s Public Housing Sector
18.7.2020
According to the Venezuelan Minister of Habitat and Housing, the government has banned mining operations in any low-income neighborhoods with subsidized housing. Ildemaro Villarroel told the public the restrictions are due to “high power consumption” in those areas. The United Socialist...
Bitcoin Mining Firm Northern Data Slams ‘Trolls’ After Stock Drops 40%
18.7.2020
Northern Data’s head of finance calls whistleblowers “anonymous trolls” and says that the company is completely transparent
Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14%
18.7.2020
A new report by crypto research company Bitooda claims that China accounts for only 50% of global Bitcoin mining capacity, and the U.S. 14%. The data is in sharp contrast with earlier findings from the University of Cambridge Centre for Alternative Finance (CCAF), which put China’s share...
Venezuela Bans Crypto Mining From Public Housing
17.7.2020
Crypto mining can harm the country’s electricity distribution, says a Venezuelan minister