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Tag: Miners
Made In The USA: WhatsMiner Will Produce Bitcoin Miners In American Soil
Did WhatsMiner just claim first-mover advantage? Is MicroBT, the manufacturing company, about to conquer the American continent? If so, this is big for the company, mining, and the bitcoin network. Th...
Wyoming Weighs Deregulated Zones to Attract Bitcoin Miners
Major energy consumers across Wyoming pay more for their energy to keep the total grid cost low This has made the state’s pro-crypto banking laws less appealing to bitcoin miners Wyoming lawmakers are...
How many bitcoin miners will survive winter?
The bitcoin mining industry has shown serious signs of distress this summer, as miners were reported to have sold more bitcoin than they mined, taking huge losses in the process. Since then, bitcoin’s...
Bitcoin Miners Are Pivoting in Search of Profits—And Hedging Their Bets
Bitcoin miners and hosting companies staying afloat in this market have had to venture outside the blockchain industry. At current prices and Bitcoin network difficulty, only Bitcoin miners with the n...
BTC miners continue to rely on mining as a result of this “inconsequential” factor
How it started versus how it’s going is the scenario that comes to play for Bitcoin [BTC] mining activities at present, which continue to see new developments. From criticism and censures against HIGH...
EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy – Mining Bitcoin News
Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying ...
Bitcoin Miners Will Go Broke If BTC Price Falls Below This Level
According to an indicator called Production Cost Floor, the $17,000 level should serve Bitcoin as support in the event of a price breakdown. Moreover, historical data shows that the BTC price has almo...
How The EU Will Imposed Energy Labels On Bitcoin Miners
The European Commission (EC) released an update on the energy strategy to be adopted by the European Union in the coming years; this might bring significant changes for Bitcoin miners and crypto miner...
Binance launches $500M lending project to support crypto miners
Binance Pool, a mining subsidiary of Binance, launched a $500 million lending project to support the crypto mining industry. It will provide loans to private blue-chip Bitcoin (BTC) crypto miners. Ac...
Binance Pool Launches A $500 Million Lending Facility For Cash-Strapped BTC Miners ⋆ ZyCrypto
Advertisement     Binance Pool has launched a $500 million lending project aimed at helping crypto miners keep their heads above water amidst the devastating crypto wi...
Why Bitcoin miners may be on the verge of ‘losing it all’
Bitcoin [BTC] miners could be within an ace of capitulation because of the non-stop increase of the hashrate. This was the opinion of CryptoQuant, the on-chain crypto analysis platform. However, the B...
Binance Launches $500 Million Lending Pool for Bitcoin Miners
Binance, the world’s largest cryptocurrency exchange, has unveiled a $500 million lending pool for Bitcoin miners, as a combination of energy costs, low Bitcoin prices, and higher-than-ever mining dif...
Binance Pool Launches $500M Lending Initiative For Miners
5 hours ago | 2 mins read Exchange News Interest rates on these loans will be between 5% and 10%. In a blog post, the exchange announced its plans to provide cloud mining services. Binance, a prominen...
Binance Launches $500M Fund for Distressed Bitcoin Miners
Private and publicly-listed bitcoin miners can now apply for loans with Binance, as the cryptocurrency exchange launched a $500 million fund on October 14 for miners unable to cope with the ongoing do...
Binance to rescue sinking crypto miners?
Good news for crypto miners. Binance Pool has initiated a $500 million loan initiative for public and private miners. The crypto winter has had a negative impact on enterprises that operate virtual mi...
Kazakhstan Wants More Regulations for Crypto Miners With New Bill (Report)
The lower house of Kazakhstan’s parliament – Mazhilis – reportedly greenlighted new bills that aim to establish appropriate rules in the local crypto sector. They will require miners to create authori...
Democrat Senators call Texas ‘Deregulated Safe Harbor’ for Bitcoin miners
A group of seven U.S. senators from the Democratic Party, led by Massachusetts Senator Elizabeth Warren, have called Texas a ‘deregulated safe harbor’ for Bitcoin miners. The group has sought related ...
Elizabeth Warren-led US lawmakers demand probe of ERCOT’s support for Bitcoin miners in Texas
A group of U.S. lawmakers led by Senator Elizabeth Warren has asked the Electricity Reliability Council of Texas (ERCOT) to provide operational and financial information about Bitcoin miners in Texas....
Elizabeth Warren Calls Texas ‘Deregulated Safe Harbor’ for Bitcoin Miners
Massachusetts Senator Elizabeth Warren and a group of six other U.S. lawmakers have requested information on the energy usage and potential environmental impact of Bitcoin mining operations in the sta...
Draft Law Seeks to Oblige Kazakhstan’s Crypto Miners to Exchange Bulk of Income in Country – Mining Bitcoin News
Cryptocurrency miners in Kazakhstan are to be required to convert up to three quarters of their income on locally registered exchanges, according to a new bill that’s advancing in the nation’s legisla...
Senator Warren leads the charge against energy consumption claims on Texas crypto miners
According to a letter penned by seven U.S. lawmakers, ERCOT was “intimately connected” with the growth of crypto mining in Texas. Massachusetts Senator Elizabeth Warren and a group of six ...
Bitcoin Miners Might Soon Liquidate if BTC Price Continue To Slump
The miner’s profitability could be harmed by the rising cost of mining blocks. Since the price of Bitcoin has been falling over the course of the year, from $46,000 to roughly $19,300, analysts estima...
Bitcoin Mining Difficulty Adjustment May Force Miners To Dump Their BTC
Last week, the bitcoin hashrate touched a new all-time high after tremendous growth. While this was a welcome development, it had significant implications for the next mining difficulty adjustment whi...
Bitcoin Mining Difficulty Attaining New Heights, so does for Miners
The broader crypto market has been facing turbulence since the start of this year itself. The year 2021 turned out to be the best phase for the crypto industry by now which experienced enormous succes...
Bitcoin Miners Under Immense Pressure as Mining Difficulty Increases by 13.55% – crypto.news
Bitcoin mining difficulty surges to an all-time high by around 13% as Bitcoin network fundamentals continue to eat up the market. Bitcoin Mining Records As per records obtained from btc.com, the lates...
New hashprice-based derivatives instrument gives Bitcoin miners another way to hedge
Better luck next time? Luxor’s OTC Bitcoin mining derivatives could offer miners “a much needed tool to hedge their mining operations.” Hedging against downside has always been a challenge for Bitcoin...
BTC miners crawling back to mining may be a win, but not an easy path
The broader mining macro environment caused the Bitcoin [BTC] mining euphoria to come to an abrupt halt in 2022. Reasons vary from regulatory hiccups to ESG concerns, and much more. But could this nar...
Bitcoin Miners Face Pressure From Bear Market and Rising Difficulty
Bitcoin miners are getting squeezed by soaring mining difficulty and minimal upward movement in the price of Bitcoin. As of Oct. 10, 2022, Bitcoin mining difficulty rose 13.55% since May 13, 2021, to ...
Bitcoin Mining Difficulty Reached An All-Time High, Miners Are Under Pressure
The post Bitcoin Mining Difficulty Reached An All-Time High, Miners Are Under Pressure appeared first on Coinpedia Fintech News The difficulty indicator increased by 13.55% since the last adjustment a...