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New hashprice-based derivatives instrument gives Bitcoin miners another way to hedge
10.10.2022
Better luck next time? Luxor’s OTC Bitcoin mining derivatives could offer miners “a much needed tool to hedge their mining operations.”
Crypto Services Firm Luxor to Offer Derivatives for Bitcoin Miners to Hedge Risk
10.10.2022
The new product will be based on “hashprice,” a term coined by Luxor to refer to the revenue miners earn from a unit of hashrate
Bitcoin Mining Difficulty Surges to All-Time High, Putting Additional Squeeze on Miners
10.10.2022
Bitcoin mining difficult has soared by 13.55% to 35.6 trillion, its largest one-day rise since May, 2021, according to data from btc.com
How to Mine Bitcoin at Home: A Simple Guide for New Hobby Miners
10.10.2022
While there are lots of beliefs that you need to have a huge, expensive setup to mine Bitcoin at home, that’s not entirely true.
While the odds are pretty slim to make money mining bitcoin as a small at-home miner, it provides an excellent way to learn more about bitcoin, and you never know,...
Progress Toward Bitcoin’s Halving Is 60% Complete, Block Times Suggest Reduction Could Happen Next Year
9.10.2022
According to countdown statistics based on the average block generation time of around ten minutes, progress toward the next Bitcoin block reward halving has surpassed 60%. However, while most halving countdown clocks leverage the ten-minute average, the countdown leveraging the most current block...
Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners
8.10.2022
The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says conditions have changed and the country needs the energy currently used by miners. Mining Firms...
Norway's government proposes eliminating reduced electricity tax for Bitcoin miners
6.10.2022
"We are in a completely different situation in the power market now than when the reduced rate for data centers was introduced in 2016," said Norway's finance minister
Bitcoin Miners Selling 50% Less BTC Compared to Last Month – End of Bear Market?
5.10.2022
Bitcoin (BTC) miners are now selling off fewer of the coins they mine compared to last month, signaling a more optimistic outlook on the future among some of the network’s most important players.
The finding that miners are selling less bitcoin was shared in Glassnode’s latest The Week Onchain...
Bitcoin miner profitability under threat as hash rate hits new all-time high
4.10.2022
Analysts say Bitcoin miners’ worst days are probably behind them, but the network's soaring hash rate and uptick in difficulty are weighing on profit margins
BTC price still not at 'max pain' — 5 things to know in Bitcoin this week
3.10.2022
Bitcoin has plenty of obstacles to weather in the current macro storm as two-year weekly close lows remain inches away
Russia Supplying Kazakhstan with Electricity for Cryptocurrency Miners
2.10.2022
Russia is looking to bolster Kazakhstan's energy demands in an amendment of the partnership between the two nations, as a means to provide electricity to miners within the former Soviet republic member state. The move comes amidst growing demand for electricity by crypto miners in Kazakhstan,...
Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies
2.10.2022
Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license suspension. Crypto Operators...
Bill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies
1.10.2022
New legislation proposed in the parliament of Kazakhstan will allow only authorized miners to mint digital currency, if adopted. The draft has been designed to comprehensively regulate the industry and reduce what its sponsors label as uncontrolled consumption of electricity in the sector....
Russia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners
1.10.2022
Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. New arrangements will allow Kazakhstan’s miners to buy electricity directly from the Russian power generation and distribution giant Inter RAO. Miners...
Paraguayan Senate Rejects Presidential Veto to Cryptocurrency Bill
30.9.2022
The Paraguayan Senate has decided to reject the total veto that President Mario Abdo exerted over a proposed cryptocurrency bill on September 2. The Senate defended the initiative, stating that passing the bill would benefit the country due to its effect on tracking the energy consumption of crypto...
Bitcoin sees first difficulty drop in 2 months as miners sell 8K BTC
30.9.2022
Recent weeks have caused fresh headaches for miners, who at one point were reducing their balances by more than 8,500 BTC per month
SAI Tech Reveals 2 New Liquid Cooling Bitcoin Mining Containers Built for Overclocking Flexibility
29.9.2022
On September 28, the bitcoin mining operator and clean-technology company, SAI Tech, announced the launch of two liquid cooling bitcoin mining infrastructure products called the Tankbox and Rackbox. The two new models join the firm’s SAIHUB Box and feature plate cooling and immersion cooling...
Bitcoin Mining Industry Reveals Mergers, Hashrate Increases, and New Facilities Amid Market Downturn
29.9.2022
While bitcoin is down more than 72% from the crypto asset’s all-time high, bitcoin mining operations are expanding at a rapid pace during the downturn. On Tuesday, the bitcoin miner Cleanspark said its hashrate has surpassed 4 exahash per second (EH/s), and the Texas mining company Rhodium...
Miners Take off for The Great – and More Profitable – North
29.9.2022
Bitcoin mining in most of Europe is now “impossible” as energy costs soar but miners are increasingly seeking refuge in the northern reaches of Norway and Sweden
Russia Said to Allow Crypto Mining in Regions With Hydroelectric and Nuclear Power
29.9.2022
Cryptocurrency mining should be allowed in areas with excess energy and prohibited in those that experience deficits, according to Russian officials preparing to legalize it. An expert from the crypto industry has recently marked the regions where Moscow is likely to authorize mining and the ones...