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Tag: Miners
Texas Bitcoin Miners Shut Down Operations Due to Heat Wave – crypto.news
Industrial Bitcoin miners in Texas have shut down operations in response to a request from the state’s grid operator amid a current heat wave, while projecting an increased demand for electricity. Cry...
Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners – Mining Bitcoin News
President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average pri...
Bitcoin Miners in Texas Halt Operations due to a Severe Heat Wave
Bitcoin mining companies in Texas turned off their machines in anticipation of extreme weather conditions. In some parts of the state, temperatures are expected to surpass 40 degrees (Celsius) which, ...
As Texas grid operator calls for energy conservation, some bitcoin miners paused operations
The Electric Reliability Council of Texas (ERCOT) asked Texans and Texas businesses to voluntarily conserve electricity to conserve energy on Monday due to extreme temperatures. Energy-intensive bitco...
Extremely high temperatures in Texas force crypto miners to go offline
Texas is one of the largest Bitcoin mining states in the US. However, the state’s crypto miners could now be forced to shut down operations amid a major heat wave that has seen temperatures surpass 10...
Demand Response: Texas Bitcoin Miners To Shut Operations To Alleviate The Grid
A heat wave is about to hit Texas, and the bitcoin mining community is doing its part. This is the moment where the demand response program shows what it can do for the Texan community, but that’s sti...
Texas Bitcoin miners are being paid to shut down and return energy to the grid
Over the weekend, the state of Texas was subjected to triple-digit heat, causing temperatures to soar to levels that broke records that had stood for more than a century. The state’s grid operator iss...
Crypto Miners in Texas Halted Due to Extreme Heat
Many crypto miners have shut down operations due to a heatwave in Texas. With temperatures well above 100 degrees Fahrenheit already in most areas, the Electric Reliability Commission of Texas (ERCOT)...
Texas Crypto Miners Move to Switch Off as Heatwave Threatens Power Grid
Crypto miners in Texas shut down their operations ahead of a heat wave many anticipate will test the limits of the state’s power infrastructure. The request to shut down came from the nonprofit Elect...
Crypto miners in Texas shut down operations as state experiences extreme heat wave
With many parts of Texas enduring days of temperatures well over 100 degrees Fahrenheit in July, many crypto miners have shuttered operations in anticipation of the state’s energy grid being unable to...
Heatwave Forces Texas Bitcoin Miners to Shut Down
Key Takeaways Bitcoin miners are turning their machines off following calls for energy conservation by Texas authorities in anticipation of a brutal heatwave. More than 1,000 megawatts worth of Bitcoi...
As Costs Rise and Prices Fall, How Home Miners Are Learning to Adapt
Home and hobbyist miners in the U.S. are finding creative ways to slash their energy bills in the face of increasing prices and the tanking of the crypto market. Smaller operators have not been spared...
Bitcoin Mining Hashrate Drops to New Low, as Miners Face Crypto Winter
The Bitcoin mining hash rate declined by over 26% in the last 30 days as miners grapple with falling prices across the board. According to data on Coinwarz, Bitcoin’s hash rate was as high as 292.02 E...
Miners Deposit Big To Derivatives Exchanges
On-chain data shows Bitcoin miners have deposited large amounts to derivatives exchanges recently, a sign that these network validators may be hedging against potential future falls. Bitcoin Miners Ha...
Iranian Power Utility Tavanir Vows Severe Measures Against Unlicensed Crypto Miners – Mining Bitcoin News
Iran’s state-owned power distribution company, Tavanir, has threatened harsher measures to discourage unauthorized crypto mining. These include much higher fines for those minting digital currencies w...
Japan Forced To Curb Crypto Exchanges and Miner’s Ties With Russia
Bitcoin News US officials have identified the region of Siberia as a key crypto mining center. A call has been sent to 31 Japanese crypto exchanges. It has been reported by the Financial Times that US...
US Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, Report Unveils – Bitcoin News
U.S. diplomats have reportedly called on authorities in Tokyo to increase pressure on Japanese crypto exchanges and miners to sever links to Russia. The request was made to deepen Moscow’s financial i...
Riot Blockchain dumps New York, moving its miners to Texas
Bitcoin miner Riot Blockchain, among the largest in the US bitcoin mining space, is moving its miners from New York to Texas. The move comes as the Bitcoin miner looks to cut costs associated with hav...
Bitcoin miners sell their hodlings, and ASIC prices keep dropping — What’s next for the industry?
Crypto companies are going belly up left and right, and Bitcoin mining companies also appear to be taking on water faster than they can bail. In mid-June, Compass Mining CEO Whit Gibbs and chief finan...
Bitcoin Miners Have Been Dumping, But Price Has Held So Far
On-chain data shows Bitcoin miners have been dumping during the past couple of weeks, but the price of the crypto has held up so far. Bitcoin Miner Reserve Has Lost 10k BTC In Last Two Weeks As Miners...
Bitcoin [BTC]’s hashrate and what its fall means for miners and their shutdown price
Cryptocurrency investors have been withdrawing Bitcoin [BTC] from cryptocurrency exchanges at the most aggressive rate in history. Here, the total exchange outflows in June peaked at 151,000 BTC, wort...
Riot Blockchain announces plans to move NY miners to Lone Star State
Crypto mining firm Riot Blockchain said it has begun relocating rigs from its New York data facility, with the majority intended to end up in central Texas. In a Wednesday announcement, Riot said it h...
Bitcoin mining stocks rebound sharply despite a 70% drop in BTC miners’ revenue
Bitcoin (BTC) mining companies have suffered in 2022 due to the crypto bear market. Nonetheless, their stocks collectively saw a sharp rebound on July 6, raising hopes that investors have started to b...
Crypto Miners are no fit for the company’s strategy for now, said FTX CEO, Bankman Fried
The company has executed several credit lines and bailed out for firms around the crypto space FTX and CEO Sam-Bankman Fried went on to bring relief to several crypto firms that were going through tou...
Whales And Miners In The Bitcoin Ecosystem Are Reacting Differently Under The Bear Market
Advertisement     Bitcoin addresses of different sizes are expressing diverse sentiments in the wake of declining asset prices. Small addresses are accumulating Bitcoi...
Ethereum [ETH] miners’ revenue check amid ‘Merge’ anticipation
Ethereum has continued to enjoy a fair share of dominance among the altcoins. That goes for miners as well. Ether miners in 2021 earned over $3 billion more than their Bitcoin counterparts. However, t...
Coinbase Says Miners’ Sales of Newly Minted Bitcoins Don’t Add Significant Market Pressure
In times of market upheaval and a falling bitcoin price, margins compress across the board, and force more miners to become net sellers, the note said. Given the price drop and the resulting loss of p...
Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad – Coinotizia
The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on...
Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad – Mining Bitcoin News
The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on...