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Miners on the Move: China’s Crypto Mining Losses May Be Kazakhstan’s Gain
2.6.2021
Crypto miners fleeing China’s latest mining-focused crypto crackdown may turn to a nearby nation in a bid to continue doing business – with Kazakhstan increasingly looking set to provide a new home for those looking to set up shop outside Mainland China.
Per Kaktus Media, the number of mining...
Home Crypto Mining Spikes in Brazil Amid Record High Unemployment
31.5.2021
With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than...
Nvidia Makes $155 Million From Crypto Mining Chips in Fiscal Q1
27.5.2021
Graphics cards manufacturer Nvidia has earned $155 million in revenue from chips designed for cryptocurrency mining during the first fiscal quarter. The company admitted that crypto miners have also pushed sales up in the gaming products segment which remains its main market. Leading GPU Maker...
Chinese Firm Bit Mining Invests $9M to Build 100 Megawatt Bitcoin Farm in Kazakhstan
26.5.2021
Shenzhen-based Bit Mining is planning to construct and operate a 100 MW crypto-mining data center in Kazakhstan. The project will be implemented in partnership with two local companies that will also provide the enterprise with an array of services. The total amount of the investment will exceed...
Nvidia extends limits on crypto mining to newest gaming graphics cards
18.5.2021
The global head of GeForce marketing at Nvidia said that the reduced hash rate "only applies to newly manufactured cards," not to GPUs already purchased
Mobile crypto ‘mining’ app possibly connected to personal data leak
17.5.2021
A 17 GB personal data leak reportedly sprung from the Pi Network mobile app
South Korea to Impose a 20% Tax on Crypto Mining Activities
8.5.2021
The cryptocurrency industry in South Korea keeps facing regulatory challenges, and it seems that dust is far from settling. Now, crypto miners will be required to pay taxes, following the same path as digital assets traders. Ruling to Take Place Starting 2022 According to a report published...
New York Takes Heat From Miami Over 'Wrong' Crypto Mining Ban Proposal
5.5.2021
A draft bill introduced by Sen. Kevin S. Parker, a member of the New York State Legislature from the ruling Democratic Party, seeks to impose a moratorium on cryptocurrency mining for three years. The move has been blasted “as another step by NY in the wrong direction” by Miami Mayor and Republican...
New York bill proposes to ban crypto mining for 3 years over carbon concerns
5.5.2021
A bill seeking to “pause” crypto mining for three years in New York was referred to the state's Environmental Conservation committee on May 3
Nvidia again limiting crypto mining on its RTX-3060 gaming graphics card
30.4.2021
After accidentally unlocking its own hash rate limiter in a driver update, Nvidia has announced it will lock new cards again by reducing the mining capacity by 50%
Beijing investigates crypto mining farms to improve energy efficiency
29.4.2021
Bitcoin's electricity bill has been attracting the attention of regulators worldwide
Former gov't official blames crypto mining for energy crisis in Kyrgyzstan
28.4.2021
As the Kyrgyz government discusses raising electricity tariffs again, a former official says that crypto mining is a significant driver of the ongoing energy crisis
Expert Believes Nuclear-Powered Crypto Mining Could Help Ukraine to Solve Energy Spending Problems
16.4.2021
Bitcoin mining could be a proper asset to solve one of the significant issues in the Ukrainian energy sector: spending. A financial expert praised the recent push given by Ukraine’s government to nuclear-powered crypto mining across the nation. Crypto Mining Can ‘Smooth out’...
Crypto mining will be a bridge to 100% renewable energy production, says Mike Colyer
13.4.2021
"At some point Bitcoin mining will look like a utility, and it’s going to be a part of critical infrastructure for countries," said the Foundry Digital CEO
Nvidia triples revenue forecast for crypto mining GPU sales
13.4.2021
The California chipmaker says Q1 financials for fiscal 2022 are on track to surpass initial estimates with demand for crypto mining graphics cards on the rise
Cryptojacking Activity Decreased for the First Time Since 2018, Says Intelligence Report
8.4.2021
Cryptojacking activity seems to be losing momentum, specifically types that mine monero, as a recent report unveiled a slowdown in the illicit crypto-mining activities in the cloud. A threat intelligence firm compiled the results. Report Focused on Cryptojacking Incidents With Monero According...
Summit Mining: Crypto Mining Made Both Profitable & Fair
6.4.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
The cryptocurrency mining space has evolved significantly since its first days, more than a decade ago. However, if you’ve been feeling like you missed out, there’s still time to start and even turn a profit—if...
Hong Kong Customs seizes 300 crypto mining GPUs in anti-smuggling operation
5.4.2021
Hong Kong Customs intercepted a large volume of pricey exotic foods, cosmetics and dedicated cryptocurrency mining GPUs in their latest successful anti-smuggling action
Abkhazia Plans to Criminalize Crypto Mining as Energy Crisis Deepens— Extends Temporary Ban
3.4.2021
Crypto mining in Abkhazia is still a hot potato for the de facto state government, which is now determined to criminalize such activities. Continuous massive power disruptions, in parallel, are fueling the anger of the people towards crypto miners. Public Officials to Face Bigger Penalties...
Abkhazia to Criminalize Crypto Mining and Extend ‘Temporary’ Ban
1.4.2021
The de facto South Caucasus state of Abkhazia’s crypto mining miseries continue to deepen, with the government set to criminalize mining – and extend a mining ban as power supplies continue to experience disruption.
As previously reported, anarchic scenes have become commonplace as large-scale...