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UAE Agriculture Authority Bans Cryptocurrency Mining on Farms


The Abu Dhabi Agriculture and Food Safety Authority, United Arab Emirates (UAE), has issued a new advisory prohibiting the use of farms for cryptocurrency mining. The post UAE Agriculture Authority Bans Cryptocurrency Mining on Farms appeared first on Cryptonews

Northern Data’s Peak Mining Acquires Second 300-Megawatt Site in Texas


According to Peak Mining, a subsidiary of the German bitcoin mining and infrastructure firm Northern Data, the company has announced the purchase of a 300-megawatt ERCOT-approved site in Corpus Christi, Texas. The site is adjacent to another location acquired by the firm in December 2023. Peak...

Ethereum ETF buzz increases Bitcoin mining challenge


On May 23, the Bitcoin mining world experienced a significant change. The difficulty of mining increased by 1.5%, reaching a record high of 84.4 trillion. This is important because it indicates the increased computational power needed to obtain new blocks of Bitcoin. Furthermore,...

Paraguay Cracks Down on Illegal Bitcoin Mining: Over 550 Miners Seized


Paraguayan authorities have intensified their efforts to fight illegal bitcoin mining, using innovative techniques including artificial intelligence (AI) and its distribution systems to detect these activities. In less than a week, two new illegal bitcoin mining operations have been closed with...

Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704


Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. Bitcoin Network Difficulty Increases by 1.48% On May 23, 2024, at block 844,704...

Happy Bitcoin Pizza Day


Laszlo Hanyecz is famous for spending 10,000 bitcoin on two pizzas. But his involvement with Bitcoin development goes much deeper than food purchases

Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue


BitFuFu's total revenue skyrocketed 149% year-over-year to $144.4 million, beyond expectations. Profit figures were even more massive as its net income exploded more than 12-fold to $35.3 million.  The post Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue appeared first on Cryptonews

Renewable electricity is more optimal than Paraguay’s anti-mining bill


The Paraguayan legislature is urgently pushing a bill that, if passed, could mean up to a decade behind bars for illegal Bitcoin miners due to the large amount of electricity pilferage jeopardizing the state-backed National Electricity Administration.  The proposed legislation enables Paraguayan...

Paraguay Proposes Harsh Penalties for Illegal Bitcoin Mining


The Paraguayan government is urging lawmakers to pass a bill that would impose up to 10 years in jail for illegal bitcoin miners, in response to the large amounts of electricity theft threatening the state-owned National Electricity Administration (ANDE). The bill includes provisions for Paraguayan...

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