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Green Shoots of Recovery Sprout for Bitcoin Miners – Report
17.8.2021
After one of the most turbulent periods in bitcoin (BTC) mining history, miners have been handed a timely boost – with reports of recovery in hash-rate and signs that some of the BTC miners forced out of Mainland China earlier this summer are resuming their activities elsewhere in...
Central Bank of Iran Should Regulate Cryptocurrencies, Securities Watchdog Says
15.8.2021
With bitcoin mining being a regulated activity in Iran, the head of the country’s securities and exchange regulator believes the central bank has to turn its attention to cryptocurrencies. The regulator is ready to consider accommodating crypto trade when digital assets are regulated. Capital...
Bitcoin mining difficulty jumps second time as miners settle offshore
13.8.2021
Bitcoin mining difficulty took a second jump following the dip in mid-July as the mining ecosystem continues to turn back online
Disconnected Venezuelan Bitcoin Miners Might Resume Operations in 48 Hours
13.8.2021
A group of Venezuelan Bitcoin miners that were disconnected from the power grid by regional authorities in the state of Carabobo might resume operations in the next 48 hours, according to the national cryptocurrency watchdog, Sunacrip. The institution met with affected miners on Wednesday...
Bitcoin Mining Difficulty to Jump Again As More Miners Return to Work
12.8.2021
Bitcoin (BTC) mining difficulty is expected to go up again in less than a day, following the last adjustment's important increase.
The relevance of the previous increase is not so much in the percentage, which was 6%, but the fact that it had broken the second-longest drop streak in Bitcoin's...
'A Code Red for Humanity' and a Reminder for Bitcoin Miners
10.8.2021
Source: Adobe/Андрей Трубицын
The Bitcoin (BTC) mining industry might want to accelerate its transition to green energy sources and decrease the risks of another regulatory pushback as the world’s top climate scientists have stated that "human influence has warmed the climate at a rate that...
Venezuelan Authorities Shut Down Power Supply to Bitcoin Miners in Key State
10.8.2021
Regional authorities in one of the key states of the country, Carabobo, suspended the power supply of all registered miners, effectively shutting down their operations in the industrial state. While there have been no official explanations for this measure, some people with knowledge on the matter...
Ethereum Burning Thousands of USD a Minute, While Miners Face the Change
6.8.2021
Following its latest and highly-anticipated network upgrade, Ethereum (ETH) is currently burning some USD 8m worth of ETH per day, and has already burned nearly USD 12m. Meanwhile, there seems to have been plenty of confusion among miners on the first day.
A total of ETH 4,260 have been burned...
Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware
6.8.2021
Authorities in Abkhazia have closed down two crypto mining farms that have been illegally connected to the power grid. The facilities were minting digital coins in violation of a mining ban imposed by the government to mitigate electricity shortages. Over 80 Mining Rigs Confiscated From Crypto...
New Draft Law in Uruguay Could Legalize Crypto as Payment Method
6.8.2021
A new draft law introduced to the Senate in Uruguay could regulate cryptocurrency transactions, and also legalize cryptocurrency as an accepted payment method in the country. If approved, the draft proposed by Senator Juan Sartori would also introduce licenses for Virtual Asset Service Providers...
Publicly Listed Bitcoin Miner Marathon Purchases 30,000 Mining Rigs from Bitmain
3.8.2021
On Monday, the publicly listed bitcoin mining firm Marathon Digital Holdings announced that it purchased 30,000 S19j Pro Antminers from Bitmain. According to the company, once the new lot of mining rigs are fully deployed, Marathon will gain 13.3 exahash per second (EH/s) from the newly added...
3 reasons why Bitcoin can suddenly explode to a new $50K-$65K range
3.8.2021
Analyst Willy Woo highlights three on-chain indicators that track the flow of Bitcoin tokens across wallets, each illustrating why the benchmark cryptocurrency could explode higher
GOP lawmakers want Bitcoin miners to be exempted from proposed crypto taxes
3.8.2021
Republican members of Congress want assurances that Bitcoin miners and crypto software developers will not be subject to the newly proposed tax rules
While Chinese Bitcoin Miners Escaped Crackdowns, Sichuan’s Hydropower Plants Were Not So Lucky
2.8.2021
Regional reports from China indicate that government officials have been reviewing over 5,100 small-sized hydropower plants in order to get them to adapt to China’s cleanup and rectification process concerning future energy sources. China has pledged to be carbon neutral and ultimately have...
Marathon buys 30,000 more Bitcoin miners, targets 13.3 EH/s hashing power
2.8.2021
The company’s bid to become the largest Bitcoin miner in the United States could be achieved by 2022
Bitcoin Difficulty Increases 6% — It’s Still 48% Easier to Find BTC Blocks Than It Was 30 Days Ago
1.8.2021
As expected, Bitcoin’s mining difficulty increased this week jumping 6.03% higher on July 31. The change marks the first increase out of five difficulty adjustment changes. This was after four downward difficulty drops made it 54% easier to mine bitcoin than it was prior to mid-May....
Chinese, Taiwanese Bitcoin Miners Eyeing Paraguay Move
30.7.2021
The Itaipu Dam is a huge hydroelectric dam on the Paraná River between Brazil and Paraguay. Chinese bitcoin (BTC) miners are reportedly preparing to flock to Paraguay in their droves – with reports claiming that there could be half a million rigs online in the nation in the next three years...
Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan
29.7.2021
Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys...
Bitcoin hash rate rebounds as major miners are coming back online
29.7.2021
Restrictions in China have forced homegrown Bitcoin miners to move out to crypto-friendly nations such as Canada, Kazakhstan and the United States
Bitcoin is a Victim of a Regulatory Crackdown on Chinese Miners; What’s Next?
29.7.2021
Bitcoin (BTC/USD) made a low of around $29927.00, below $30000 on June 22, for the 1st time since January of 2021 amid a growing globally synchronized regulatory crackdown on Cryptos especially in China, where authorities in certain provinces ordered Bitcoin mining projects to close. As...