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Bitcoin’s Hashrate Dips, Mining Difficulty Expected to Decrease for First Time Since July
27.11.2021
Bitcoin’s hashrate has been volatile in recent times following the same patterns as the crypto asset’s price. Three days ago, Bitcoin’s hashrate neared the 180 exahash (EH/s) zone only to plummet to 128 EH/s two days later. The recent shifts have taken place before the upcoming...
Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals
25.11.2021
China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest...
While BTC’s Hashrate Climbs Higher, Bitcoin’s Mining Difficulty Nears All-Time High
20.11.2021
During the last 90 days, Bitcoin’s hashrate has been climbing higher and has been slowly nearing the all-time high (ATH) the network captured six months ago in May. The accelerated hashrate has caused the network difficulty to rise, as Bitcoin’s mining difficulty has adjusted upward...
Norway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining
19.11.2021
The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a European ban on proof-of-work mining. The European Commission has revealed it is already working to promote a transition to “more...
Kyrgyzstan Shuts Down Cryptocurrency Farm With 2,500 Mining Rigs
17.11.2021
Authorities in Kyrgyzstan have uncovered and shut down a large crypto mining farm in the north of the country. Law enforcement officials claim the illegal coin minting facility has inflicted “colossal damage” to the nation’s power grid and that they are still trying to estimate...
Bitcoin Hashrate Nears All-Time High Captured in May — BTC Mining Rigs Produced in 2016 Still Profitable
15.11.2021
While bitcoin’s value has remained well above the $60K range, the network’s hashrate has surged to over 184 exahash per second (EH/s) as mining devices are far more profitable at these prices. The price has made it so that older generation mining devices manufactured over four years...
Marathon Plans to Raise $500 Million From Convertible Senior Notes to Buy Bitcoin and Mining Rigs
15.11.2021
On Monday, the enterprise bitcoin mining operation Marathon Digital Holdings announced the firm will raise $500 million from convertible senior notes in order to accrue more “bitcoin or bitcoin mining machines.” Publicly-Listed Mining Operation to Raise $500M From Debt Markets...
Russian Nationalists Prepare Bill to Regulate Cryptocurrency Mining
13.11.2021
Lawmakers from the Liberal Democratic Party of Russia are gearing up to introduce a draft law designed to regulate crypto mining. The nationalists say the legislation will benefit both Russian citizens and the state, as well as those who want to get involved in the business legally. Nationalists...
Bitcoin’s Hashrate Soars 42% Higher Over the Last 3 Months Following Crypto Asset’s 36% Price Increase
13.11.2021
While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s....
Altcoin Roundup: 3 Proof-of-work protocols focused on building Web 3.0
13.11.2021
Proof-of-work models are evolving to support the growth of Web 3.0. Here’s 3 projects that offer miners substantial rewards for supporting the network
Bitcoin Miners See High Prices as 'Opportunity,' Become Sellers
12.11.2021
Bitcoin (BTC) miners have once again turned into net sellers of bitcoin, with miner inventories dropping to levels not seen since early September. However, miners aren’t necessarily turning bearish “en masse,” although some are looking to offload “excess inventory,” according to an analyst....
Bitcoin miners look toward nuclear power for sustainable energy
11.11.2021
Several major players say that nuclear energy might be the best choice for Bitcoin miners
Influx of crypto miners to Kazakhstan reportedly strains energy supply
10.11.2021
According to the country's vice minister of energy, addressing the potential strain on Kazakhstan’s power grid from crypto miners “cannot be delayed any longer."
Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining Rigs
10.11.2021
Authorities in Iran persist with their efforts to curb unauthorized cryptocurrency mining. The state-run power distribution company has recently identified over a dozen underground crypto farms in Tehran and other regions, unplugging hundreds of mining units illegally connected to the grid. Power...
Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs
10.11.2021
Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry. Russian...
Venezuelan Court Rolls Back Seizure of More Than 1,000 Bitcoin Miners
10.11.2021
A Venezuelan court in the capital of the country has rolled back a seizure of more than 1,000 Bitcoin miners due to irregularities that occurred during the confiscation. According to court documents, the equipment that was seized was in the custody of a third-party company that was doing...
Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry
10.11.2021
Alarmed by the rising energy needs of cryptocurrency mining, Sweden’s financial and environmental regulators have recently proposed an EU-wide ban on proof-of-work coin minting. The Swedish officials believe this would encourage a move towards a more energy-efficient extraction of bitcoin...
A New Semiconductor Manufacturing Competitor Has Entered the ASIC Bitcoin Mining Rig Industry
8.11.2021
While companies like Microbt, Bitmain, Innosilicon, Strongu, Ebang, and Canaan have ruled the roost in terms of manufacturing application-specific integrated circuit (ASIC) bitcoin miners, a new challenger has entered the competition. A relatively unknown integrated technology firm called AGM Group...
Congress Passes $1.2 Trillion Infrastructure Bill — Crypto Advocates Criticize Amended Broker Definition, Tax Code 6050I
7.11.2021
Congress has passed the Biden administration’s bill aimed at improving infrastructure, fighting climate change, and bolstering social services. The $1.2 trillion infrastructure bill, which also expands the definition of a broker, awaits U.S. president Joe Biden’s signature after...
Paraguay, Argentina Are ‘Targets for Crypto Miners’, May Provide Green Bitcoin Solution
5.11.2021
“Several companies” are eyeing Latin America – and countries like Argentina and Paraguay in particular – as they look to create new bases for Bitcoin (BTC) and altcoin mining operations.
Per Infobae and La Nacion, other firms are looking to follow in the footsteps of the Chinese company Future...