Tag: Mining

Marathon Digital, the Bitcoin (BTC) mining company has announced a company record of 825 BTC mined in March

Block Inc is furthering its hold in the crypto mining industry with plans to develop a do-it-yourself Mining Development Kit (MDK)

Passive income through crypto is a great and easy way to earn and diversify one’s portfolio. Although there are quite a number of options, we’ll look at five best ways users can utilize cryptocurrency for gains. Trading Cryptocurrency trading takes advantage of market volatility, which causes the prices of assets to increase and decrease over […]

Publicly traded Bitcoin mining platform Marathon Digital announced on Thursday the sales of 1500 BTC assets in January

Bitcoin (BTC) mining difficulty is expected to soar by about 10% in the network's upcoming adjustments billed for today

The crypto mining division of the Celsius Network, Celsius Mining has put out a set of mining equipment for sale at a price of $1.3 million

Ethereum's transitioning from the proof-of-work (PoW) to the proof-of-stake has fueled a drop in Ethereum (ETH) mining and staking revenue

Bitcoin mining hosting provider Compute North which filed for Chapter 11 Bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas has received the court’s approval for a few first-day motions. Pending the hearing of the bankruptcy case, Compute North can now operate its cash management systems, pay insurance obligations and file a […]

The “Bitcoin Lake” circular Bitcoin economy in Guatemala uses Bitcoin ASICs to clean the adjacent Lake Atitlán and make money for the locals. In order to mine Bitcoin, the “Kaboom” mining initiative uses leftover cooking oil, as revealed by Bitcoin Lake’s founder Patrick Melder, rather than contaminating the local environment. The endeavor, as Melder told […]

Bitcoin users have been warning of high inflation due to the lax policies of central banks for years. Since the 2008 global financial crisis, central banks around the world have cut interest rates to absolute zero or even lower. Interest rates can be thought of simply as the price of capital. The lower the interest […]

Bitcoin miner CleanSpark has announced its acquisition of 10,000 brand-new Bitmain Antminer S19j Pro units. According to the announcement, the purchase was made from Cryptech Solutions at a total price of $28 million.  This was not the original cost of the mining machine as CleanSpark had received a series of credits and discounts which were […]

Core Scientific Inc., despite cutting down on power supply in its Texas branch several times in the month of July, has recorded a remarkable growth in Bitcoin mining for the month. According to the announcement, the mining company produced a total of 1,221 BTCs in July, a figure that was 1,106 BTCs in June, accounting […]

The Iranian power authorities are on schedule to cut power access to licensed cryptocurrency miners operating in the country as the strain on the National Grid becomes more worrisome. As reported by Bloomberg, citing an interview between the country’s State TV and Mostafa Rajabi Mashhadi, spokesman for the country’s power industry, as many as 118 […]

The Central Bank of Russia is gradually warming up to digital currencies and is notably making concessions to allow Russians to trade cryptocurrencies. Prominent media platforms have confirmed that the Governor of the Central Bank, Elvira Nabiullina, is ready to permit crypto transactions in the country, as long as it will not seep into the […]

Acardex announces the successful Beta release of acardex staking platform on cardano testnet. A big thanks to our community for their continued support and patience as we worked to push this across the finish line. Acardex is utilizing Cardano’s ecosystem which allows ADA holders to stake their tokens and be rewarded with Cardano every 5 […]

Greenidge Generations Holdings Inc, a Nasdaq-listed crypto mining and data center has announced the successful completion of two financing rounds in which it pulled approximately $108 million.  As announced by the company, the financing rounds featured an “approximately $81.4 million facility with an affiliate of NYDIG, secured by certain Bitmain ANTMINER S19 J Pro equipment […]

Erik Thedéen, the vice-chair of the European Union Securities and Markets Authority (ESMA) has raised a concerning objection to the use of clean energy sources for Bitcoin or Proof-of-Work (PoW) mining amongst EU nations. Speaking in an interview with the Financial Times, Thedéen said Bitcoin mining and its energy utilization has become a matter of […]

Spanish lawmaker, María Muñoz from the Ciudadanos political is proposing a safe harbor for all crypto players, particularly those that are being impacted by the unrest in Kazakhstan. Maria shared a series of tweets expressing the involvement of the Spanish government in stemming oppression on an international scale and advocated for the right sanctions to […]

July 25, 2024

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