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Nalezeno "Mining Power": 67

Texan Bitcoin mining power demands could jump 5 times by 2023

23.11.2021
While the state is eager to become the global hub for Bitcoin mining operations, residents are concerned that the power grid will not be able to handle the load

Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry

10.11.2021
Alarmed by the rising energy needs of cryptocurrency mining, Sweden’s financial and environmental regulators have recently proposed an EU-wide ban on proof-of-work coin minting. The Swedish officials believe this would encourage a move towards a more energy-efficient extraction of bitcoin...

Bitfarms Reveals Argentina Mega-Mining Farm Location Details

9.11.2021
Bitfarms, the Canada-based Bitcoin mining unicorn, has at last revealed details about its activities in Argentina. The company says that the Bitcoin mega mining farm, whose construction started last month, will be built in the province of Cordoba, in association with a private power plant. Bitfarms...

Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners

18.10.2021
Authorities in Belarus and the Russian Federation are taking steps to separate cryptocurrency miners from other groups of power users and deny them access to subsidized energy. This could lead to the adoption of differentiated electricity rates for businesses involved in digital coin minting...

Venezuelan Authorities Shut Down Power Supply to Bitcoin Miners in Key State

10.8.2021
Regional authorities in one of the key states of the country, Carabobo, suspended the power supply of all registered miners, effectively shutting down their operations in the industrial state. While there have been no official explanations for this measure, some people with knowledge on the matter...

Riot Blockchain Bitcoin Production Jumps More Than 400% Year-on-Year Amidst Mining Exodus

10.7.2021
Riot Blockchain, a Nasdaq-listed mining company, reported Thursday on its Bitcoin production last month. The company’s numbers jumped a little more than 400% year-on-year, as a result of the increase in mining power. The recent mining crackdown in China is also helping companies like Riot...

Kazakhstan Introduces Surcharge for Electricity Used by Crypto Miners

1.7.2021
Cryptocurrency miners in Kazakhstan will pay more than other consumers for the electricity they use to mint digital coins. The country’s president has signed a law that imposes an additional fee for the power utilized by the energy intensive industry. Coin Miners in Kazakhstan to Pay Extra...

Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight

14.6.2021
Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining...

Cheap Power Is Creating a Bitcoin Mining Boom in Argentina

2.6.2021
Argentina, the ailing South American country, is experiencing a cryptocurrency mining resurgence due to artificially low power rates maintained by subsidies from the national government. This fact, alongside exchange controls and the possibility of selling obtained assets at a higher exchange rate...

Crypto Miners Using Household Electricity Face Fines as Consumption Spikes in Iran

17.5.2021
Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining. Crypto Miners...

Bitriver to Sell Tokens Backed by 100 Megawatts of Low-Carbon Siberian Mining Power

13.4.2021
On April 12, the international provider of colocation services for low-carbon cryptocurrency mining Bitriver announced it is launching a pre-sale of tokens backed by 100 megawatts (MW) of mining power in Siberia. The ERC20 tokens called “bitriver token (BTR)” will represent a single...

Long in China’s Shadow, the US Is Becoming a Bitcoin Mining Power Again

25.11.2020
Following a string of investments, miners are increasingly optimistic about prospects for the U.S. market in 2021

OCC’s Brian Brooks Says China Owns Bitcoin but Crypto World Disagrees: Chinese Crackdown Pushes Miners Away

19.11.2020
Bitcoiners on social media have panned remarks by acting U.S. currency comptroller Brian Brooks that bitcoin is owned by China due to the country’s disproportionate share of the crypto’s mining power. The bitcoiners argue that the disproportionate number of miners stationed in China...

Listed firm sells $14M of shares for 1 EH/s in Bitcoin mining power

12.11.2020
A U.S.-based mining firm has inked agreements with foreign investors to issue $13.9 million in shares in exchange for Bitcoin miners pushing 1 EH/s in hash power

Bitfarms Signs a Deal That Cuts Bitcoin Mining Power Costs in Half

27.10.2020
Blockchain infrastructure company Bitfarms said it has signed a beneficial mining deal in South America, with a lower power cost that they said 'revives' older mining machines and cuts the electricity costs in half. Bitfarms, which provides computing power to cryptocurrency networks such...