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Iranian Power Utility Tavanir Vows Severe Measures Against Unlicensed Crypto Miners
9.7.2022
Iran’s state-owned power distribution company, Tavanir, has threatened harsher measures to discourage unauthorized crypto mining. These include much higher fines for those minting digital currencies with subsidized electricity and penalties for government officials involved in mining....
US Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, Report Unveils
9.7.2022
U.S. diplomats have reportedly called on authorities in Tokyo to increase pressure on Japanese crypto exchanges and miners to sever links to Russia. The request was made to deepen Moscow’s financial isolation amid the ongoing Russian assault on Ukraine. Washington Wants Japan’s Crypto...
Stop Your Crypto Operations in Russia, Washington Tells Japanese Exchanges & Miners
9.7.2022
Washington wants Japanese regulators to convince domestic crypto exchanges and miners to cut all ties with Russia, per a new report.
The Financial Times claimed that American “diplomats” believe “several” Japanese crypto exchanges are “still running in Russia,” according to unnamed “people close...
Bitcoin Mining Infrastructure Provider Lancium to Bolster Battery-Powered Demand Response at 25 MW Texas-Based Facility
8.7.2022
According to Lancium Inc., a crypto mining infrastructure firm, the company has signed a deal with the Texas battery-storage provider Broad Reach Power LLC. Broad Reach Power plans to supply battery power to Lancium’s Fort Stockton-based 25-megawatt facility and when the grid is swamped...
Bitcoin miners sell their hodlings, and ASIC prices keep dropping — What’s next for the industry?
7.7.2022
Beset with multiple challenges, Bitcoin miners continue to liquidate their reserves, and a handful are selling more BTC per month than they make, but is there a silver lining?
Coming to Texas: Riot Blockchain announces plans to move NY miners to Lone Star State
6.7.2022
Moving rigs from New York to Texas was part of Riot's effort to reduce the firm’s operating expenses through lower power costs and eliminate “all third-party hosting fees.”
Bitcoin mining stocks rebound sharply despite a 70% drop in BTC miners' revenue
6.7.2022
The rally across top Bitcoin mining stocks could trap bulls as BTC price sentiment remains gloomy
Analyst Says Duke Energy Corporation Is Studying Bitcoin Mining Applied to Demand Response
4.7.2022
According to the lead rates and regulatory strategy analyst at Duke Energy Corporation, the second-largest U.S. energy corporation is currently studying bitcoin mining. Lead analyst Justin Orkney said that a bitcoin demand response (DR) study was being worked on and the energy firm is partnered...
Coinbase Says Miners’ Sales of Newly Minted Bitcoins Don’t Add Significant Market Pressure
4.7.2022
In times of market upheaval and falling bitcoin prices, margins compress across the board, and force more miners to become net sellers, the crypto exchange said
Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad
4.7.2022
The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on the matter comes after it softened its stance on the possible use of cryptocurrencies...
Ethereum Transfer Costs Continue to Slide — Network Fees Tap a 19-Month Low
3.7.2022
On Saturday, Ethereum transaction fees tapped a low not seen since November 2020 as the average network fee dropped to 0.0016 ether or $1.67 per transfer. Average fees on Saturday have been as low as 32 gwei or $0.69 per transfer as Ethereum gas fees have been steadily dropping since May 11, 2022....
BTC’s Lower Price Shrinks Bitcoin Mining Profits, Hashrate Remains Unaffected
2.7.2022
While bitcoin’s fiat value has dropped more than 70% below the all-time high recorded in November 2021, the price reduction has made it so miners are making fewer profits depending on the devices they operate. Despite miner profits sliding, Bitcoin’s hashrate has remained high...
Sam Bankman-Fried Says He’d Consider Acquiring Troubled Crypto Miners Next
1.7.2022
The FTX CEO said helping rescue crypto miners might help mitigate the credit contagion in the crypto sector
Report Claims Samsung Is Producing 3nm ASIC Chips — Speculators Assume First Customer Is a Bitcoin Mining Rig Manufacturer
30.6.2022
The electronics giant and largest corporation in South Korea, Samsung, is in the midst of creating 3-nanometer (3nm) semiconductors for a Chinese application-specific IC firm, sources have said. The new chip design has caused speculation among the crypto community that it’s possible Samsung...
Uzbekistan Presents Registration Requirements for Cryptocurrency Miners
29.6.2022
Authorities in Uzbekistan have drafted and put forward for public consultations a set of rules for crypto miners operating in the country. Companies that want to mint digital currencies will have to register with the government and use renewable energy. Uzbekistan Discusses Draft Regulations...
Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market
29.6.2022
With revenues drying up, crypto miners are struggling to meet loan obligations, which total up to $4 billion for the industry
Bitcoin’s bottom might not be in, but miners say it ‘has always made gains over any 4-year period’
28.6.2022
To mine, or not to mine, that is the question. Professional Bitcoin miners discuss the nuance of BTC mining and whether now is a good time to get started
Luxor Launches Hosting Marketplace for Bitcoin Miners Amidst Build-Out Delays
28.6.2022
The marketplace will offer hosting clients in the U.S. and Canada, with miners able to have as little as one mining rig hosted with some providers
Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales
27.6.2022
Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, which quotes the co-founder of mining company Luxor Technologies, Ethan Vera, says that...
Mining Ban Sparks Negative Reactions From Iran’s Crypto Community
27.6.2022
The recently reintroduced seasonal ban on cryptocurrency mining has provoked backlash from the local crypto community. This week, the country’s power distribution company ordered miners to suspend activities citing electricity shortages during the hot summer months. Restrictions on Crypto...