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Crypto Miners Blame ‘Exorbitant Taxes’ for Kazakhstan Exodus
2.10.2023
Licensed crypto mining companies have urged the government in Kazakhstan to revise its taxation policy regarding the sector, which they say is in dire straits. The largest mining firms plan to leave the Central Asian nation by the end of this year, warned the members of the industry. Miners...
Bitcoin’s Hashrate Holds Steady Above 400 EH/s Amid Sky-High Network Difficulty
29.9.2023
Amid the soaring network difficulty, Bitcoin’s hashrate remains resilient, firmly holding above the 400 exahash per second (EH/s) frontier. A total of 43 mining pools channel their hashpower at the Bitcoin blockchain, yet, it’s Foundry USA’s pool that ruled the roost this...
Brazilian Military, Police, Civil Servants Face ‘Crypto Mining Ban’
28.9.2023
The Brazilian state of Santa Catarina has barred public officials, including police and military officers, from mining crypto.
In an updated set of rules for public sector workers, the state wrote that public officials, including members of the armed forces and civil servants, should “refrain”...
Argentinian Oil Producer Will Mine Crypto with Associated Gas
27.9.2023
Tecpetrol, a major Argentinian oil producer, has announced plans to mine crypto using associated gas.
The Buenos Aires-based firm explores and produces oil and gas in Argentina, as well as other LATAM countries like Venezuela, Bolivia, Ecuador, Mexico, Peru, and Colombia.
And per Rio Negro,...
Venezuelan Authorities Find Grenade Launchers, Bitcoin Miners, and Even a Zoo in a National Jail
25.9.2023
Venezuelan authorities found weapons of war, a discotheque, pools, a zoo, and even a makeshift Bitcoin mining farm in a raid completed on a national jail. The raid, executed in the Tocoron National Penitentiary Center, located in the Aragua state, mobilized 11,000 military officers to take control...
Peak Mining Signs $150M Deal for Microbt Bitcoin Miners, Eyes Large-Scale Liquid-Cooling Tech
22.9.2023
According to Peak Mining, a subsidiary of Northern Data Group, the company has signed a contract with bitcoin mining rig manufacturer Microbt worth $150 million. This agreement will equip Peak Mining with 7 exahash per second (EH/s) of the latest next-generation BTC mining devices. Microbt...
Tether Dives Into AI Wave With $420M Nvidia GPU Investment Amid Soaring Demand
21.9.2023
According to a report, Tether, the largest stablecoin issuer by market capitalization, has invested $420 million in 10,000 Nvidia H100 graphics processing units (GPUs). This news emerges during a time of surging demand for artificial intelligence (AI). It also comes after Iris Energy reported...
Report: Bhutan Commences Plan to Develop 600-Megawatt Bitcoin Mining Farm
21.9.2023
The Himalayan Kingdom of Bhutan along with its partner Bitdeer Technologies Group has reportedly kickstarted plans to develop a 600-megawatt crypto mining farm. Bitcoin mining in the kingdom is expected to “equip citizens to participate in the modern global economy from within Bhutan.”...
‘Lack of Finality’ — Single Mining Pool Commands 53% of Zcash’s Hashrate
20.9.2023
Recent data shows a single mining pool controls more than 53% of the hashrate for the cryptocurrency network Zcash. On September 19, 2023, the crypto mining pool Viabtc had 4.2 giga solutions per second (GSol/s) of Zcash’s total 7.84 GSol/s hashrate. Electric Coin Co., which oversees...
Microbt Plans to Launch Next-Gen Bitcoin Mining Machine With 1X Efficiency Rating
20.9.2023
On September 19, 2023, Microbt, the manufacturer of bitcoin (BTC) application-specific integrated circuit (ASIC) mining rigs, revealed its intentions to introduce an innovative mining machine with an efficiency rating of 1X joules per terahash (J/T). This announcement from Microbt closely follows...
Bitcoin Mining Hits Toughest Era: Record Difficulty and Hashrate Peaks Define September 2023
19.9.2023
Bitcoin’s mining difficulty hit a record high after increasing 5.48% to 57.12 trillion. This rise signifies the need for a significant amount of computational power to discover blocks. Meanwhile, the network’s hashrate also reached a record high this past week. Bitcoin Difficulty Jumps...
Deciphering the Differences Between Proof-of-Stake and Proof-of-Work
17.9.2023
As cryptocurrencies continue to evolve, two key consensus mechanisms have emerged for validating transactions on the blockchain: proof-of-work (PoW) and proof-of-stake (PoS). This explainer will examine how these protocols differ and the unique benefits and drawbacks of each. Consensus Mechanisms...
SMI Vantage Expands Crypto Reach With New Bitcoin Mining Facility in Sarawak
15.9.2023
The Singapore-based investment management and software-as-a-service (SaaS) provider, SMI Vantage, plans to launch a bitcoin mining facility in the state of Sarawak in Borneo, Malaysia. The company has signed a rental agreement and anticipates operations to begin by the end of the third quarter....
Russia: Illegal Crypto Miner ‘Stole $225,000 From Grid’
7.9.2023
An illegal crypto miner in Russia caused “considerable damage” to a local grid and stole around $225,000 worth of electricity, a power provider has claimed.
Per the Russian legal publication Pravo, the miner allegedly siphoned off electricity from the grid in Yuzhno-Sakhalinsk, in the Sakhalin...
Dropbox ditches unlimited storage offering, blaming crypto cloud miners
25.8.2023
The storage platform turned to metered storage after discovering its Advanced plan was being used by some for crypto mining and other resource-intensive tasks
Against All Odds: Solo Miner Claims $160,000 Bitcoin Block Reward – Here's What Happened
22.8.2023
On August 18, an unexpected event in the Bitcoin mining space took everyone by surprise. A lone miner, not backed by massive computational power, claimed the full reward of 6.25 Bitcoin for solving block 803,821.
In simple terms, the miner earned about $160,000, minus a 2% fee retained by...
Crypto Miners Are Attempting to Diversify Into Other Business Areas: JPMorgan
21.8.2023
Miners are now offering high performance computing services to the rapidly evolving artificial intelligence market, the report said
Mining Bitcoin on Household Electricity Most Profitable in Asia, Study Finds
21.8.2023
Despite significant variations in electricity rates and regulations, the Asian region as a whole has the lowest average cost of bitcoin mining for solo miners, new research shows. At the same time, the surge of energy prices due to Covid, heatwaves, and the war in Ukraine render bitcoin mining...
Lobby group to dispel crypto mining misconceptions in DC, says founder
16.8.2023
The crypto mining industry is getting a dedicated lobby group aimed at opening up discussions with lawmakers in Washington D.C
Animated Series Futurama Takes Characters to 'Doge City,' Mocks Crypto Miners
9.8.2023
Popular animated science fiction show Futurama gave a glimpse into what it thinks the future of crypto could look like in its latest episode called “How the West Was 101001” by mocking crypto miners