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China’s Qinghai Province Instructs Bitcoin Mining Operations to Shut Down
10.6.2021
Following the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate. Similarly, the Qinghai Industry and Information Technology...
El Salvador's president wants to build volcano-powered crypto miners
9.6.2021
Bitcoin is heating up — some may say erupting — as the Latin American country plans to tap energy from volcanoes for mining the cryptocurrency
Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible
9.6.2021
Iranian president Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government’s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers. Rouhani believes the Iranian government should “communicate the necessary...
Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down
9.6.2021
An official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down. China’s province of Xinjiang is a highly concentrated region of bitcoin miners and bitcoin...
Crypto markets tumble after miners unload 5,000 BTC in one week
8.6.2021
With Bitcoin’s price consistently trending below its 200-day moving averages and heavy selling identified among miners, some analysts are bracing for further bearish momentum
While China’s Bitcoin Miners Flock to Central Asia Canaan Sets up ASIC Mining Rig Service in Kazakhstan
7.6.2021
On Monday, the application-specific integrated circuit (ASIC) manufacturer Canaan Inc. announced the company has established an overseas after-sales center in Kazakhstan. According to Canaan, the service center will provide local customers with after-sales services like machine testing, warranty...
Norton Crypto Mining: Antivirus Software to Mine Cryptocurrency
5.6.2021
Norton has added a cryptocurrency mining feature to its antivirus software. Users will be able to mine ethereum while their computers are idle. Miners can track and transfer their crypto earnings into their Norton Crypto Wallet. Antivirus Software Can Mine Crypto Nortonlifelock (NASDAQ: NLOK),...
Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021
4.6.2021
Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much...
Death knell for Chinese crypto miners? Rigs on the move after gov’t crackdown
4.6.2021
The latest events in China have pushed crypto miners to reevaluate domestic risk as they may now look toward international expansion
Shanghai Man: 'Green-light' for miners? CZ not responsible for BSC, Uniswap frauds on TV
4.6.2021
CZ claims Binance didn’t really make Binance Smart Chain, Beijing to distribute $6.2 million in free digital yuan, and miners speak out about clean energy mining
Ethereum has strong fundamentals, so why are pro traders bearish on ETH?
3.6.2021
Ethereum price has outperformed Bitcoin by 32% since May but derivatives data shows pro traders are feeling less bullish about the top altcoin
Sichuan Energy Meeting Offers Glimmer of Hope for Bitcoin Miners
3.6.2021
Th Xiluodu Dam and Hydroelectric Power Plant. Source: Adobe/contributor_aerial
There appears to be a ray of positivity for Chinese Bitcoin (BTC) miners, after a meeting of energy stakeholders in the province of Sichuan appeared relatively sympathetic to the miners’ cause.
Per a report from...
Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’
2.6.2021
The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least sustain current profits or rise above to roughly $150 to $250 million in revenue for Q2. Canaan Expects $250M...
Fortunes turning? Specialized GPUs and SSDs come to aid crypto miners
2.6.2021
Manufacturers restrict mining of cryptocurrencies due to a shortage of GPU cards: Will this lead to the end of mining as we know it?
Nasdaq listed Bitcoin miners urge China to open doors to green mining
2.6.2021
The CEO of Canaan Inc called for a less indiscriminate mining ban in China
Miners on the Move: China’s Crypto Mining Losses May Be Kazakhstan’s Gain
2.6.2021
Crypto miners fleeing China’s latest mining-focused crypto crackdown may turn to a nearby nation in a bid to continue doing business – with Kazakhstan increasingly looking set to provide a new home for those looking to set up shop outside Mainland China.
Per Kaktus Media, the number of mining...
Nvidia’s new RTX 3070 and 3080 Ti cards attempt to cater to gamers and miners
1.6.2021
Nvidia's RTX 3070 and 3080 Ti models will go on sale over the course of the coming month
Report: Amid pullback, Argentinian Bitcoin miners thriving
31.5.2021
Institutional miners and hobbyists alike are taking advantage of energy subsidies to cash in
Home Crypto Mining Spikes in Brazil Amid Record High Unemployment
31.5.2021
With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than...
Sichuan Energy Officials Plan to Meet in June to Discuss Bitcoin Mining Implications
31.5.2021
Ever since government officials in China started talking about cracking down on bitcoin mining and reiterating crypto guidelines from 2017, digital currency proponents and the media have been focused on this region. Just recently, a Chinese state-backed online publication revealed that the Sichuan...