Join Our Telegram channel to stay up to date on breaking news coverage The Finance Minister of Norway, Trygve Slagsvold Vedum, has urged the government to get rid of its crypto program. The program al...
Tag: Miners
Bitcoin Miners are Planning to Grow Hashrate 50% by The End of 2022
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Norway Plans to Remove Power Tax Cut for Crypto Miners
The government of Norway is acknowledging an offer to eliminate the law of preferential tax treatment for data centers. The law permitted many crypto businesses to pay less for power tax. The governme...
Norway’s Finance Minister Domestic Bitcoin Miners shouldn’t pay less for energy
The Finance Minister of Norway, Trygve Slagsvold Vedum, has requested the government to abolish its crypto program. The crypto program permits domestic bitcoin miners to give a lowered rate on electri...
Public Bitcoin Miners Plan To Grow Hashrate 50% By End Of 2022
Data shows the public Bitcoin mining companies have plans to expand their hashrate by around 50% by the end of the year, Public Bitcoin Miners To Add 27 EH/s To Their Hashrate In Remaining Part Of 202...
Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners – Mining Bitcoin News
The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says c...
Norway’s Finance Minister Thinks Local Bitcoin Miners Should not Pay Less for Electricity
Trygve Slagsvold Vedum – the Finance Minister of Norway – urged the government to scrap its crypto program that allows domestic bitcoin miners to pay a reduced rate on electricity. In his view, the cu...
Bitcoin Difficulty Adjustment Forecast Puts Miners At A Disadvantage
The bitcoin mining difficulty had dropped over the month of September, which led to a large increase in the bitcoin hashrate. It had hit a new all-time high and saw a high block production per hour. N...
Bitcoin miners capitulation passes, but spiking hash rate keeps pressure on
On October 3, the Bitcoin hash rate soared to a new all-time high of 244.25 EH/s. Commenting on this, Binance CEO Changpeng Zhao said, “miners know something we don’t.” Two days later, the hash rate s...
NiceHash Launches First Solo Mining exchange service Hashpower to Help Struggling Crypto Miners
Cryptocurrency mining platform NiceHash has launched the first solo crypto mining hash power exchange product where solo miners can rent other miners’ computer power to mine PoW cryptocurrencies, in ...
Bitcoin miners receive access to waste gas from Argentinian state-owned energy firm
Bitcoin (BTC) miners have long been subjected to criticism over the energy they utilize to carry out their mining activities, leading some countries to try and offset as much damage to the environment...
Bitcoin Miners in Trouble? BTC Price Dangerously Close to Cost of Production
Bitcoin’s price has been trading below $20,000 for quite some time now, and data from a popular cryptocurrency analytics resource reveals that it’s getting dangerously close to BTC’s cost of productio...
BTC Miners Reserves Reach Their Lowest Level in a Decade
Bitcoin miners are now holding fewer than 2 million BTC on reserve, according to data from IntoTheBlock. That’s the lowest amount of Bitcoin held by all tracked pools and miners since 2010, following...
Kazakhstan’s Crypto Miners to Acquire Electricity From Russia
Blockchain News Mining companies in Kazakhstan will allow using the Russian power supply for their activities. Due to electricity shortage, almost 200 firms were shut down in Kazakhstan last year. Rus...
Russia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners – Mining Bitcoin News
Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. New arrangements will allow Kazakhstan’s miners to buy electricity d...
Bitcoin sees first difficulty drop in 2 months as miners sell 8K BTC
Bitcoin (BTC) miners remain under stress at current price levels as data shows large outflows from miner wallets returning. According to on-chain analytics firm Glassnode, monthly miner sales totaled ...
Why crypto firms are moving to offer loans to bitcoin miners
If the past week is any indication, efforts are ramping up to offer loan capital to bitcoin miners as they contend with a difficult business climate. Icebreaker Finance, which announced a $300 million...
Miners Take Off for The Great – and More Profitable – North
But while the Nordics’ fragmented energy markets can bring opportunities, they also present difficulties in hedging power prices, Jogg said. The financial products sold to companies looking to hedge t...
Why Most Public Bitcoin Miners Have Performed Terribly In Their Lifetimes
Bitcoin public mining companies have been struggling along with the rest of the crypto market. With the decline in the price of bitcoin, these companies had seen their cash flow decline, driving come ...
Miners and Long-Term Holders Are Dumping Their Bitcoin
Bitcoin miners continue to operate at a loss as long-term holders are selling at a loss, according to an on-chain analysis from Glassnode. The firm estimates that industry players are still selling r...
Bitcoin Miners Suffer As BTC Long Term Holders Profitability Falls To DEC 2018 Bear Market
– Advertisement – Bitcoin Miner Balance Decreasing Ever Since The Price Fell below $24.5k, while long-term holders are selling BTC at an average loss of 42%. Miner balance in the Bitcoin i...
Almost 80% of Ethereum Miners Gone Offline After The Merge
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Bitdeer Has Announced A $250 Million Fund To Assist Bitcoin Miners Financially
From the start of the year, there has been a continuous decline in cryptocurrency prices. The high energy prices and China’s ban on bitcoin mining activities have created a lot of trouble for bitcoin ...
Jihan Wu’s Bitdeer Budgets $250M to Buy Assets From Bleeding Crypto Miners
Jihan Wu’s Bitdeer will be setting aside $250 million to buy assets from crypto miners. The company will invest $50 million in a junior tranche and raise another $200 million from outside investors. J...
Crypto Mogul Wants to Buy Distressed Assets from Bitcoin Miners
Alex Dovbnya Bitdeer’s Jihan Wu wants to scoop up assets of struggling Bitcoin miners at lower prices after crypto market rout Jihan Wu of Bitmain fame is looking to buy the distressed assets of...
Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners – Bitcoin News
According to a representative from the bitcoin mining company backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to buy distressed assets from embattled bitcoin...
Bitcoin Miners Still Use 62% Fossil Fuels: Research
A new study published Tuesday by the Cambridge Center for Alternative Finance (CCAF) shows that almost 62% of Bitcoin’s total energy consumption since January 2022 was generated from fossil fuels. Thi...
LUNA’s Do Kwon says he is not in hiding after Interpol issues red warrant; Miners abandoning POW tokens
The biggest news in the cryptosphere for Sept. 26 includes Interpol’s red warrant requesting law enforcement worldwide to locate and arrest Do Kwon, news of the upcoming ATOM 2.0 update, and crypto mi...
Miners flee PoW tokens as token prices tank, GPU value flounders
Crypto miners who initially flocked to GPU-compatible proof-of-work tokens after the Ethereum (ETH) Merge are fleeing those networks after the value of their tokens fell, according to available data. ...
Crypto Miners Jet Washing Nvidia RTX GPUs.
The ETH shift from Proof of Work to Proof of Stake is specified as the Merge, which meant crypto coin mining using consumer graphics cards was not beneficial anymore. Although, gamers anticipate...
While Known Mining Pools Currently Dominate, Unknown Miners Discovered the Most Bitcoin Blocks During the Last 13 Years – Mining Bitcoin News
The Bitcoin network has been operational for 5,012 days and so far, more than 755,000 blocks have been mined into existence. During the last year, Foundry USA and Antpool were the top two miners as th...
Guatemalan Town Cleans Local Lake Using Bitcoin Miners
A Guatemalan circular Bitcoin economy known as “Bitcoin Lake” is leveraging Bitcoin ASICs to clean the nearby Lake Atitlán while generating income for the community. As Bitcoin Lake Founder Patrick M...