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Hong Kong Professor: China’s Crypto Mining Ban Shifts Businesses to US
3.7.2024
Professor Wang Yang, vice president for institutional advancement and chair professor at the Department of Mathematics at the Hong Kong University of Science and Technology (HKUST), criticized China’s cryptocurrency mining ban during a panel discussion in Hong Kong last week. He called the decision...
Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations
2.7.2024
The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that planned to invest over $400 million in the country due to...
BlockDAG’s X100 mining rig with potential $60,000 daily earnings; PENDLE’s price surges as Maker token struggles
2.7.2024
As the cryptocurrency market experiences varied fortunes, with Pendle (PENDLE) showing a bullish trend and Maker (MKR) facing security setbacks, BlockDAG’s X100 mining rig emerges as a focal point for investors and miners. The BlockDAG network, with its recent presale crossing $55.2 million...
Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024
2.7.2024
Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetrics report. Bitcoin Mining Faces Pressures...
BlockDAG mining craze: Over 8270 units sold, outperforming Ethereum’s price speculations and Chainlink’s token surge
2.7.2024
As the cryptocurrency market continues to offer significant investment opportunities, certain assets like Toncoin have caught investors’ attention with substantial daily transfer volumes. Meanwhile, Bitcoin Cash is seeing a decline, with its price falling 9.24% in the last 24 hours...
LAPD Investigates $579,000 Bitcoin ASIC Miner Theft, Suspect Released
2.7.2024
According to the Los Angeles Police Department (LAPD), a 26-year-old man was arrested and charged with stealing $579,000 worth of application-specific integrated circuit (ASIC) bitcoin miners. Local reports confirmed that the man has been released from jail, and the LAPD stated that...
Russia’s Cryptocurrency Mining Bill Faces Delays
2.7.2024
The Russian State Duma is considering a bill related to cryptocurrency mining and sales, but the legislation is not expected to be approved by fall. The bill aims to legalize crypto mining and allow the sale of mined digital currency. Currently, cryptocurrency cannot be used for settlements...
Bitcoin miner Northern Data mulls IPO for its AI unit: Report
2.7.2024
Northern Data is considering listing its cloud computing and data center business under two separate entities on the Nasdaq in the first half of 2025
Latam Insights: Argentina Reaches Zero Inflation, Central Bank of Bolivia Unbans Bitcoin
2.7.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentina reached zero inflation in food and beverages in June, the Central Bank of Bolivia unbans bitcoin, and several employees of the Paraguayan power...
Bitfarms mined 21% more Bitcoin in June amid Riot takeover attempts
2.7.2024
Bitfarms increased its online hashrate to 10.4 exahashes per second in June, marking a 39% month-on-month increase
Bitcoin hashrate drawdown reaches December 2022 levels
1.7.2024
This metric can be used to spot relative bottom points in the market price of Bitcoin and signal potential accumulation opportunities
Bitcoin Miners’ June Revenue Dips Slightly Below May
1.7.2024
The revenue generated by bitcoin miners slightly declined in June, totaling $963.67 million, down from May’s $964.24 million. Additionally, the hashprice, or the expected value of one petahash per second (PH/s) of hashpower, decreased from $57 per PH/s to the current $48. Bitcoin...
Bitdeer boosts Bitcoin mining power with new Ohio site lease
1.7.2024
One of the industry’s major players, Bitdeer, has announced a significant expansion by signing a 30-year lease agreement with the Monroe County Port Authority. The deal allows Bitdeer an additional 570MW from the Hannibal Industrial Park in Clarington, Ohio. This is a major step...
Unveiling the Titans of Crypto Mining: A Deep Dive Into 5 Consensus Algorithms
1.7.2024
In the intricate world of cryptocurrency, not all algorithms are forged equal. The proof-of-work (PoW) consensus algorithms like Kheavyhash, Scrypt, Blake3, SHA-256, and Ethash are the linchpins that not only secure but also empower the blockchain with the integrity and trust that underpin several...
National Power Administration ANDE Employees Allegedly Involved in Setting up Illegal Bitcoin Mining Farms in Paraguay
30.6.2024
National Power Administration (ANDE) employees have been accused of participating directly in setting up illegal bitcoin mining farms in Paraguay. According to local sources, seven engineers of the institution would have been installing bitcoin farms across the country as the prosecutor’s...
Kiyosaki Recommends Most People to Sell BTC, Vivek’s VP Prospects Spike 1,100%, and More — Week in Review
30.6.2024
Robert Kiyosaki advises selling bitcoin amid its crash, yet plans to buy more, likening his approach to Warren Buffett’s “buy and hold forever” strategy. Vivek Ramaswamy’s chances of becoming Trump’s vice presidential pick have surged by 1,100% on Polymarket....
Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall
29.6.2024
With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above...
Crypto Biz: Jump Crypto exec steps down, first MiCA deadline looms, and more
28.6.2024
This week’s Crypto Biz explores the departure of Jump Crypto’s CEO, Animoca Brands’ return to public markets, the corporate dispute between Riot and Bitfarms, and other news
Bitcoin mining company Bitdeer acquires lease for Ohio site
28.6.2024
The 30-year leasing agreement with the Monroe County Port Authority will provide Bitdeer with up to 570 MW of additional power capacity
How Bitcoin Mining is Becoming a Sustainable Hub for BTC Adoption: GoMining Ecosystem Outlook
28.6.2024
The Bitcoin mining industry has come a long way since the days when block rewards were 25 or even 50 BTC, and individuals had a high chance of success using just a single PC to solve blockchain “puzzles.” Today, the competition to mine the next block is intense, with large mining...