Tag: Mining

Landsvirkjun, the renowned National Iceland electrical firm, has decided to cut the amount of power it will provide for several industries, including Bitcoin mining and aluminum smelting. After a series of challenges, including a failure at a power plant, low hydro-reservoir levels, and receiving energy from an external provider, the island’s power utility has been […]

Despite the mining ban by China that saw Bitcoin hashrate dip 50% this year, the asset has now retraced back to its former levels. According to the latest estimates, Bitcoin hashrate is now back at the same levels it was back in May, just before China pronounced the ban on Bitcoin mining industry. Bitcoin Hashrate back […]

With the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions. Providing low-cost energy, Iran has emerged as a prospective destination. However, the country’s state-owned power utility has expressed concerns over a possible influx of miners and illegal imports of mining hardware from China. Tavanir Warns […]

The stock price of a Chinese gaming firm listed on NASDAQ soared by 87% on Monday after it announced a pivot to enter cryptocurrency mining. The9 Ltd, a Shanghai-based gaming firm launched in 2004 that once had exclusive license of War of Warcraft in China, said on Monday local time it has inked a a […]

Bitcoin hashrate has dropped significantly from its all-time high as miners are seemingly turning off older mining machines because of the cryptocurrency’s price drop. According to CryptoCompare data, BTC’s hashrate dropped from an all-time high of 137 million TH/s to around 75 million TH/s at press time, a significant drop of about 45%. The network’s […]

It’s troublesome times for everyone right now, not least for Bitcoin Cash Miners. But as Bitcoin experiences its second-largest drop in mining difficulty at 15.95%, miners have started abandoning BCH for the leading cryptocurrency. Bitcoin Cash Miners Move After Difficulty Drop Soon after suffering a brutal sell-off inline with traditional markets, and the worst in […]

Riot Blockchain Shutters Crypto Exchange, Expands Mining Operation. The company has extended its operation with a new facility with a capacity of 4,000 S17 Antminers. Riot Blockchain, a Nasdaq-listed crypto company, has decided to shutter its digital asset exchange in the United States, shifting all its focus towards its mining business. In a press release […]

Bitmain VS MicroBT – Bitcoin mining power worldwide has been affected by manufacturing delays caused by the coronavirus outbreak in China, effectively reducing growth in the cryptocurrency’s computing power. Nevertheless, some Bitcoin miners based in the Asian nation have seen an increase in their market share while others struggle to keep up. Bitmain has held […]

Bitcoin mining process can be a bit complicated to get started with, but using a USB bitcoin miner is the easiest and the cheapest way available to start mining bitcoins. We have provided a detailed set of guidelines on USB bitcoin miners and how they work. Since its inception, bitcoin has come a long way. […]

Recently, the country – which has held a rather negative attitude towards bitcoin and digital currency – announced that the process of mining and extracting new digital coins was legal. China had been engaged in a hot debate over the legality of crypto mining given that it was allegedly causing irreparable damage to the environment. […]

As part of its strong policy against illegal mining operations, the Chinese authorities have Confiscated almost 7,000 ASIC crypto miners that were illegally consuming electric power in the region of Tangshan. According to Cointelegraph, the confiscation was part of an inspection made by local authorities to more than 70,000 households, 1,470 communities, and 3,061 merchants, […]

Many are pinning their hopes on next year’s bitcoin halving as the catalyst for another bull rally, there may be wider issues at large though, especially with regards to bitcoin mining. Bitcoin Halving 141 Days Away – How It Will Affect Bitcoin Mining? The countdown continues to bitcoin’s halving which has now been estimated on […]

At a time of intense competition in the bitcoin mining space, Nasdaq-listed crypto mining firm, Riot Blockchain, is ramping up operations. The company has purchased over 4,000 Bitmain Antminer S17 Pros for its Oklahoma mining facility in the last month. Riot Blockchain Bought 3,000 Bitmain Antminer S17 Miners on Dec 4 You may not have […]

Bitcoin mining held a stunning competition in 2019, lifting both the hash rate and difficulty to all-time highs. But it turns out for significant stretches, mining pools absorbed serious losses. Bitcoin Mining Undeterred by Falling Prices in 2019 Most of the big miners this year produced coins at a loss due to unfavourable market prices. […]

Kazakhstan lawmakers won’t be taxing cryptocurrency mining until the mined crypto is exchanged for fiat money. According to a legislative analyst at a local blockchain association, cryptocurrency mining will not be treated as an entrepreneurial activity but rather a “purely technological progress,” local business publication Kursiv reports Dec. 4. Madi Saken, the legislative analyst at […]

Argo Blockchain, increased the number of its crypto mining machines to 7,000, with plans to add additional 10,000 machines in 2020. Argo Blockchain to Increase Crypto Mining Machines by 10,000 The crypto mining industry saw a surge in interest due to recovering prices in 2019, with many of the miners who previously left the industry […]

One company is driving its business plan straight into the “bitcoin wastes too much energy” argument and has raised $30 million to do Renewable Bitcoin Mining. That’s according to Layer1 co-founder and CEO Alexander Liegl, which plans to bring wind-powered bitcoin mining rigs to West Texas early next year. The company is raising a total of $50 million at […]

The U.S. prosecutors have officially indicted a man from Singapore for using stolen identities to illegally utilize Amazon Web Services’ cloud computing power for crypto miner. According to the indictment initially filed on Oct. 1, Ho Jun Jia was charged with eight counts of wire fraud, four counts of access device fraud and two counts […]