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Genesis Digital Assets Acquires 20,000 Bitcoin Mining Rigs From Canaan, Company Has Option to Buy 180K More
31.8.2021
The China-based bitcoin ASIC mining machine manufacturer Canaan has announced the company has forged a partnership with Genesis Digital Assets, and the two firms have now signed a deal for a large purchase order. Genesis will buy 20,000 bitcoin miners from Canaan and the mining operation also...
Anthony Scaramucci: $100K per BTC by year-end is still within reach
31.8.2021
Exponential monthly growth in demand should propel Bitcoin to $100,000 by the end of 2021, according to the CEO of SkyBridge Capital, Anthony Scaramucci
Genesis Digital Assets buys 20K Bitcoin miners after $125M raise
31.8.2021
Canaan has also granted Genesis Digital Assets an opportunity to buy up to 180,000 additional BTC mining machines
CELO, Fantom and Keep3rV1 rally after liquidity mining programs launch
30.8.2021
Newly launched incentive programs and protocol upgrades were followed by 50% rallies in CELO, FTM and KP3R
Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New Life
30.8.2021
The price of bitcoin has dipped a hair in value this past week, but the crypto asset is still up 14.4% over the course of the last month. Statistics show that Bitcoin’s hashrate has seen a resurgence and because bitcoin’s price has increased, mining profitability and hashrate...
Best and Trusted Mining Sites
30.8.2021
Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
Introduction
Contrary to popular myth, cryptocurrencies do not come in by themselves. They are mined using computer calculations. However, it was much easier to do ten years ago, and miners...
Russian man gets three-year sentence for stealing a friend’s mining rig
30.8.2021
The 34-year old convict was reportedly not able to make use of the stolen mining equipment due to a “lack of relevant knowledge.”
Mining Hardware Thief Gets 3-Year Sentence in Russia
30.8.2021
Russian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A resident of Yaroslavl has just been found guilty of stealing mining hardware worth over $20,000 and sentenced to three years in prison. Russian Convicted of Stealing Mining...
How does the infrastructure bill affect the mining industry in the US?
29.8.2021
The uncertain language — intentional or not — of the infrastructure bill poses an existential threat to the U.S. Bitcoin mining industry
Lukashenko Urges Belarusians to Mine Cryptocurrency Rather Than Pick Strawberries Abroad
29.8.2021
President Alexander Lukashenko has advised workers to stay in their home country instead of emigrating to fill low-paid farming jobs in Poland and Germany. The Belarusian leader pointed to an alternative source of income, noting there’s enough electricity in Belarus to power cryptocurrency...
Turkish prosecutors investigate alleged $119M Dogecoin mining scam
27.8.2021
Unwitting DOGE investors were promised attractive returns of 100% in just 40 days in exchange for depositing their money
Singapore Myanmar Investco Purchases 800 Mining Rigs, Firm Plans to Offer Mining Services
26.8.2021
On August 24, the investment and management company, Singapore Myanmar Investco Limited (SMI), revealed the company is entering the bitcoin mining industry as it has ordered 800 mining rigs to be delivered to Southeast Asia. The move follows a number of firms pivoting toward digital currency...
Bitcoin Miners May Face Major Semiconductor Shortage — Sub-16 Nanometer Chip Costs to Rise by 20%
25.8.2021
Fears of a major semiconductor chip shortage have started to make headlines again as the chips power nearly everything from new cars, phones, computers, and a myriad of other items. Reports stemming from Malaysia show that semiconductor manufacturers are dealing with an uptick in Covid-19 cases...
Amid Taliban takeover, aspiring crypto miner flees Afghanistan
25.8.2021
The Afghan refugee believed the Taliban would restrict access to smartphones and the internet, making crypto mining impossible
Bitcoin Mining Difficulty Takes Another Large Step Up, As Miners Reposition
25.8.2021
On Wednesday, Bitcoin (BTC) mining difficulty has just jumped once again, for the third time in a row, forming a new increase streak, as previously discussed.
Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, jumped by 13.24%, reaching 17.6 T. This is...
KuCoin encourages greener crypto mining with proof-of-work pool
25.8.2021
According to CEO Johnny Lyu, people using renewable energy sources for mining will receive discounts on fees
Bitcoin hashrate triples since June 28 in recovery from China syndrome
25.8.2021
Hashrate has now recovered to early June levels indicating that miners are coming back online after China’s crackdown
8 Crypto Mining Apps Exposed as Fakes - And 120 More are Still in Business
25.8.2021
Source: AdobeStock / fran_kie
Eight cryptocurrency cloud mining apps that pretended to offer crypto such as bitcoin (BTC) and ethereum (ETH) to users in return for investments into cloud-mining operations were recently found to be fakes, tricking users into watching ads and paying for subscription...
Riot Blockchain reports 1,540% increase in quarterly revenue from Bitcoin mining
24.8.2021
Riot Blockchain netted $19.3 million in income for Q2 following its acquisition of Texas mining facility, Whinstone
Watch: Spanish Police Bust a Suspected 111-rig Crypto Mining ‘Farm’
24.8.2021
Source: Screenshot, Policía Nacional, Twitter
Spanish police have captured a raid on a suspected illegal underground crypto mining facility on video – breaking into a private house that was allegedly housing over 100 functioning mining rigs.
In a video shared by the National Police, officers were...