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Russian Court Orders Mining Firm Cryptouniverse to Face New Trial on Fraud
6.3.2021
A major Russian mining firm is facing legal troubles in St. Petersburg, as three individuals are accusing the company of fraud. Cryptouniverse will now face a trial after a city court issued a criminal case order during the week. A District Court Rejected to Launch a Criminal Case Against the Firm...
Major Ethereum gas fee overhaul EIP-1559 scheduled for July
5.3.2021
Users and investors delight as EIP-1559 is scheduled for July, but ETH miners are less than thrilled
Kentucky Pushes Mining Tax-Breaks in Bid to Attract Crypto Community
5.3.2021
The Kentucky House Budget Committee approved a bill in a 19-2 vote to eliminate the sales tax on electricity for use in cryptocurrency mining operations. The bill, designed to attract more miners to the state, is now in the Kentucky Senate for review. Lawmakers Urge Greater Crypto Appeal Despite...
Kentucky to provide tax breaks for local crypto miners
3.3.2021
Kentucky needs to attract more crypto mining businesses by offering tax breaks, local lawmakers believe
Kentucky Lawmakers Approve House Bill Providing Tax Break for Crypto Miners
3.3.2021
The bill, aimed to encourage the crypto mining industry in the state, now goes to the upper house for review
Bitfarms set to acquire 48,000 new miners in 2022 despite chip shortage
3.3.2021
Chinese supplier MicroBT will be providing the new hardware over the next two years
Bitfarms Purchases 48,000 Bitcoin Miners, Plans to Increase Hashpower by 5 Exahash
3.3.2021
The publicly listed Canadian bitcoin mining operation Bitfarms has announced the firm is purchasing 48,000 Microbt Whatsminer mining rigs in order to expand capacity. Bitfarms highlights the acquisition of new miners will up the company’s hashpower by approximately 5 exahash per second...
China’s Inner Mongolia Might Push Bitcoin Miners Towards Greener Energy
1.3.2021
Source: Adobe/Андрей Трубицын
The Chinese Inner Mongolia Autonomous Region (IMAR) – a hub of crypto mining activity, particularly Bitcoin (BTC) mining – could be set to enact a shutdown of the industry, ordering all operators to close up shop as early as next month, and possibly pushing them...
Bitcoin sell-off over? Strong 'buy the dip' signal flashes for the first time since September
28.2.2021
Bitcoin is retesting a key support level at $44K-$45K for the third time in the past week
Institutions and miners accumulating through Bitcoin chop; whales uncertain
27.2.2021
Bitcoin in, and Bitcoin out: major players are deploying different strategies as BTC consolidates well under $58,400 highs
Can a Bigger Block Size Solve Bitcoin’s Scalability Issues? Miners See a Vast Potential with Bitcoin8M
25.2.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Amid so many controversies, growing blockchain scalability problems force miners to reconsider a bigger block size through the ‘Bitcoin8M campaign’.
Scalability means the ability of the blockchain network...
Don't Blame Bitcoin Miners For Price Dips, Says Analyst
24.2.2021
There's little reason to believe that Bitcoin (BTC) miners are responsible for downturns in BTC’s price, according to crypto intelligence firm Coin Metrics.
Per Karim Helmy, Senior R&D Analyst ad the firm, this is due to the small scale of miner deposits in comparison to total exchange flows...
Ethereum Miners Are Likely to Accept EIP-1559 Activation - Analysts
23.2.2021
The vast majority of Ethereum miners are unlikely to protest EIP-1559, a proposed change to Ethereum’s ‘crazy high’ fee market that would potentially cut a fair share of miners’ revenue, according to popular crypto analyst Hasu and Georgios Konstantopoulos, Research Partner at Paradigm,...
Russian Crypto Mining Companies Are Expanding Capacity as the Country Becomes a ‘Preferred Hotspot’
20.2.2021
Crypto mining operations have been witnessing some changes within the industry in terms of locations. A recent interview with the CEO of the mining giant Bitriver, revealed that Russia is becoming a preferred hotspot for crypto miners. Russian Mining Giant to Build Two Additional Facilities to Cope...
Malaysian Police Bust Gang That Stole $2.15 Million Worth of Electricity to Mine Bitcoin
20.2.2021
Police in Malaysia’s Jahor state have busted a seven-men gang that stole 8.6 million Malaysian ringgits ($2.15 million) worth of electricity to mine bitcoin and other cryptocurrencies. ● Police said they seized 1,746 bitcoin (BTC) mining machines across 21 premises in raids carried...
Nvidia’s GeForce limits hash rate to divert crypto miners to new CMP line
18.2.2021
The California chipmaker says GeForce RTX 360 is for gamers, not cryptocurrency miners. The latter camp will get its own CMP mining infrastructure in the near future
GPU hardware firm riles gaming community by flirting with crypto miners
17.2.2021
Hungry for coin? A computing hardware firm has angered gamers after apparently marketing the already scarce Nvidia RTX 30 series to cryptocurrency miners
Bitcoin miners are hodling while long-term investors take profits
16.2.2021
On-chain data shows that while miners are selling less BTC, old investors are realizing profits
Bitcoin Miners Posted $354M in Revenue Last Week, Breaking Record From 2017
15.2.2021
Last week's mining revenue eclipsed the previous record set in mid December 2017
Bitcoin’s Rapid Increase Should Compel Crypto Investors to Own Gold, Says Top Miner
13.2.2021
Sandeep Biswas, chief executive officer of Newcrest Mining, one of the world’s biggest gold miners, has said that the sharp increase in bitcoin prices should compel crypto investors to hold gold as a safe-haven asset. In a Feb. 11 interview with Bloomberg TV, Biswas criticized bitcoin’s...