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Report: Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners ‘Was Pointless’
29.1.2022
In mid-May 2021, the American multinational technology company Nvidia Corporation revealed that it added a hashrate limiter to curb the use of cryptocurrency mining with its graphics processing units (GPUs). However, crypto miners now say the move was pointless, and the mining organization Nicehash...
Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power
27.1.2022
The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in fact, a business activity....
Kazakhstan Shuts Down Crypto Mining Farms Till February
26.1.2022
Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the country faces electricity shortages blamed on crypto mining and blackouts in the cold winter months. Crypto...
Another Headache for Bitcoin Miners in Central Asia as Three Countries Hit With Blackouts
25.1.2022
Three of the Central Asian countries — Kazakhstan, Uzbekistan, and Kyrgyzstan — have been hit by a power blackout after Kazakhstan’s North-South power line was disconnected due to “emergency imbalances.”...
Read More: Another Headache for Bitcoin Miners in Central Asia as Three Countries...
Fitch Ratings warns of risks crypto miners pose to US power supply
24.1.2022
“Crypto mining operations are price-sensitive entities that may be quickly scaled back or shut down if mining becomes uneconomical," said the agency
Bitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double the Power of Today’s Top Machines
23.1.2022
One of the largest bitcoin mining rig manufacturers in the world, Bitmain announced the launch of a new bitcoin miner that boasts speeds of up to 198 terahash per second (TH/s). The new model is called the Antminer S19 Pro+ Hyd. and it leverages liquid cooling technology in order to improve overall...
Bitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining Profits
23.1.2022
After Bitcoin’s mining difficulty jumped to the highest value ever at 26.64 trillion, the overall hashrate slumped a hair due to the rise in difficulty and lower bitcoin price. This weekend, Bitcoin’s hashrate is coasting along at 189 exahash per second (EH/s), after dropping to a...
Decommissioned Power Plant in Armenia to Host Crypto Mining Farms
23.1.2022
Armenia is going to invite cryptocurrency miners to install their coin minting hardware in an old thermal power plant. The TPP will be decommissioned and the government intends to rent it out to industrial companies including mining enterprises. Miners Welcome to Set Up Data Centers at Old TPP...
Bitcoin Mining Difficulty Reaches Lifetime High, It’s Now More Difficult Than Ever Before to Find a Block Reward
21.1.2022
Following the drop in value during Thursday evening’s trading sessions, Bitcoin’s mining difficulty rose to a lifetime high, reaching 26.64 trillion after jumping 9.32% at block height 719,712. The mining difficulty’s all-time high (ATH) is now higher than the ATH it reached...
Bitcoin & Crypto Miners Must Take Note as Davos Chiefs Say ‘Nobody Can Hide’ from ESG Standards
20.1.2022
Senior figures at the World Economic Forum (WEF) in Davos have agreed that Environmental, Social and Governance (ESG) standards are coming – and will soon apply to all industries. And furthermore, they suggested, even those who do not want a part of the ESG drive will eventually be left with...
Regulator Reiterates Call for EU Ban on Proof-of-Work Mining
20.1.2022
The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed at meeting climate change goals such as those set in the Paris Agreement, the regulator says....
MXC’s 200% gain hints that LoRaWAN IOT mining projects could rally in 2022
19.1.2022
A growing partnership network, the ability to mine multiple cryptocurrencies simultaneously and renewed interest in blockchain-focused IOT technology back MXC’s 200% rally
Bitcoin miners’ resilience to geopolitics — A healthy sign for the network
18.1.2022
The phenomenal recovery of the mining hash rate for BTC goes to show how resilient the network and its community are to world events
Bitcoin, Ethereum, Monero Hashrates Tap Lifetime Highs — Dash, ETC, LTC Hashpower Lower Than Prior ATHs
17.1.2022
During the first month of 2022, both Bitcoin and Ethereum’s hashrates have climbed to all-time highs (ATHs). While Bitcoin’s hashpower surged to over 200 exahash per second (EH/s), Ethereum’s hashpower jumped to over 1 petahash per second (PH/s). A few mineable digital asset...
Bitcoin’s Hashrate Taps New Lifetime High, BTC Price 20% Above Production Cost, Difficulty Nears ATH
15.1.2022
Bitcoin’s hashrate has been riding high again as the processing power tapped another lifetime high on January 15, 2022, reaching 219.68 exahash per second (EH/s). The new record follows the previous all-time high (ATH) on the first day of the year, when the network’s hashrate tapped...
Bitcoin miners can take fresh 20% BTC price hit before capitulating, data shows
15.1.2022
Production costs for miners are around $34,000, and together with transaction fees, miners need not worry about another $40,000 support challenge on BTC/USD
Bitcoin cycle is far from over and miners are in it for the long haul: Fidelity report
13.1.2022
In a jampacked report on digital assets, Fidelity asset management theorizes that miner movements indicate the Bitcoin cycle has a lot more room to run
Georgia Goes After Crypto Miners Using Subsidized Electricity in Historic Town
13.1.2022
A record high consumption of electricity blamed on illegal crypto farms in northwestern Georgia has caught the attention of authorities in the capital Tbilisi. The central government and the local utility are taking on the issue of dealing with power shortages in the mountainous region of Svaneti....
Bitcoin Mining Firm Luxor Launches ASIC Trading Desk
13.1.2022
On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to bitcoin ASIC mining rigs “at...
Political Parties in Thailand Voice Opposition to Government Plan to Tax Crypto Gains
13.1.2022
As Thailand prepares to impose a levy on crypto profits, parties on both sides of the aisle have expressed concerns over the government’s current proposal. A number of political figures have insisted that important aspects need to be clarified in order to avoid double taxation of income...