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Russian Police Take Down an Illegal Bitcoin Mining Farm
28.3.2020
Russian police seized almost 1,500 mining rigs from an illegal bitcoin mining farm, spread across several locations
Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them
27.3.2020
According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners...
US County Extends Rule Making Bitcoin Mining Firms Invest in Renewable Energy
27.3.2020
The newly extended rule that crypto mining farms must offset energy consumption with renewables might also be made permanent
Miners Are Selling More Bitcoin Than They Are Mining
26.3.2020
While bitcoin looks set to prolong its recent bullish moves, those responsible for making new bitcoin have increased their selling
Bitcoin Mining Difficulty Sees Historic Drop, Even Larger Might Be Coming
26.3.2020
After the second-largest Bitcoin (BTC) mining difficulty drop, the next one might be even bigger and provide even stronger relief to miners.
As predicted, Bitcoin mining difficulty (a measure telling us how hard it is to compete for mining rewards) has just dropped - but instead of 5.8% estimated...
Bitcoin Mining Difficulty Posts Second Biggest Percentage Drop in Its History
26.3.2020
Competition among Bitcoin miners has eased up, as the recent price drop thinned the herd, fresh data shows
Ruble’s Drop Eases Pain of Lower Bitcoin Prices for Russia’s Miners
23.3.2020
The global market meltdown has indirectly benefited Russia's bitcoin miners, even as the cryptocurrency's price tumbled along with other assets
Bitmain S19 Antminers Sell Out, Won't Ship Until May 11
23.3.2020
With the Antminers set to ship from March 11, Bitmain is facing a wave of accusations that it is front-running its customers
Is Staking the Answer to Cryptocurrency’s Mining Problems?
23.3.2020
Here’s how proof-of-stake chains, where the network is secured by staking, could help to solve today’s mining problems
Huobi's Mining Arm Records 547% Surge in Operating Revenue in 2019
19.3.2020
Huobi’s mining arm recorded a 547% surge in operating revenue in 2019 after the business was launched in March 2018
Could the Russian Central Bank Try to Ban Bitcoin Mining?
18.3.2020
Cryptocurrency enthusiasts and business insiders have reacted with alarm to a recent interview given by the head of the central Bank of Russia’s legal department hinting that cryptocurrencies could be outlawed in the country – leading to a possible block on Bitcoin (BTC) and altcoins mining.
Recent...
Price Drop Casts Pall Over Bitcoin Miners’ Equipment Upgrades
16.3.2020
Bitcoin miners spent $500M+ over the past six months preparing for May’s “halving”. Last week’s price crash means they may wait longer for the payoff
Bitcoin Miner Stumbles Upon $8M Stash From 2010, Sells Before Crash
14.3.2020
A lucky former miner appears to have cashed out an old stash of 1,000 Bitcoin just days before Thursday’s brutal crash
AsicBoost Dominates Bitcoin Mining, Solving Bitmain’s 2017 Controversy
12.3.2020
The 2017 AsicBoost controversy has now become irrelevant as it gains adoption
Genesis Mining Rejects $3.1 Million Suit From Former Contractor
10.3.2020
Digital Capital claims that Genesis owes it more than $3.1 million in unpaid invoices, while Genesis is seeking to recoup all funds paid to the firm during their failed partnership
Bitcoin Mining Rig Manufacturer Canaan Sued – Accused of Misleading IPO Investors
7.3.2020
Bitcoin mining rig manufacturer Canaan Inc. is being sued for allegedly breaking U.S. securities laws before its initial public offering (IPO). Phillippe Lemieux, a Canaan investor, filed a class-action lawsuit that claims the company violated the Securities Act of 1933. Lemieux believes Canaan...
Why Bitcoin Mining Might Be the New Business Model for US Power Plants
5.3.2020
South Korea gets legal recognition for crypto, New York power plant mines BTC and the end of the intranet era for enterprise blockchain?
$65M Investment Fuels Natural Gas Provider’s ‘Behind-the-Meter’ Bitcoin Mining Operation
5.3.2020
On Thursday, a natural gas-based power plant in Dresden, New York, Greenidge Generation LLC, revealed the energy provider has the capacity to mine around $50,000 worth of bitcoins (5.5 BTC) every day. The 65,000 square-foot natural gas utility plant was upgraded when the firm installed 7,000...
New York Power Plant Mines $50,000 of Bitcoin a Day
5.3.2020
A power plant in New York’s Finger Lakes region now mines about $50,000 of Bitcoin each day using the electricity it produces
Investors Sue Bitcoin Mining Giant Canaan; Shares Crashed 48% in 3 Months
5.3.2020
A securities class action lawsuit has already been filed against the second-largest producer of Bitcoin (BTC) mining equipment, China-based Canaan (CAN). Meanwhile, the price of its shares dropped by almost 50% since the trading begun in November.
In their press release, investor rights law firm...