The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to b...
Tag: Miners
Crypto Miners Won’t Be Pardoned: Russian Lawmakers
A latest draft law has replaced an earlier bill initiating a new 1 year tax customs amnesty for Russian crypto miners. The initial proposal was withdrawn on the basis that the tax break would gave out...
No Tax Amnesty for Russian Crypto Miners as Lawmakers Withdraw Proposal – Coinotizia
A new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds that the tax bre...
Russia’s updated crypto mining bill cuts tax amnesty for Bitcoin miners
In less than a month, the draft of a crypto mining bill in the Russian parliament has lost several key points, such as the obligation for mining operators to join a special registry and a one-year tax...
GreenHashes offers a unique opportunity for crypto miners
Cryptocurrency mining is vital to continue the work of many digital assets, including Bitcoin. If you are new to the industry, you probably understand roughly how it works: computers do the work and g...
Bitcoin Miners Expected to Catch a Break in 2 Days, Mining Difficulty Estimated to Drop Close to 4% – Mining Bitcoin News
While Bitcoin’s hashrate has remained above the 200 exahash per second (EH/s) mark, over the last two weeks the network’s mining difficulty has been at an all-time high (ATH) at 31.25 trillion. Howeve...
Thousands of Bit Digital miners go offline after explosion, fire at NY facility
An explosion last week at the substation of a bitcoin mining facility in Niagara Falls, New York led to a fire and caused thousands of machines to go offline. The facility where the incident happened,...
3K+ Bit Digital hosting partner’s crypto miners go offline after explosion and fire
New York-headquartered crypto mining firm Bit Digital reported two of its hosting partners ceased operations to more than 4,800 rigs following power disruptions at different facilities. In a Thursday...
Bitcoin Miners Face Shrinking Profitability Amid Crypto Crash
Bitcoin gold crash getty As bitcoin enters a new bear market, the mining sector is feeling the pain. Specifically, miners are seeing their profit margins dwindle as Bitcoin’s price falls and Bitcoin’s...
New York Bitcoin Miners Start to Give Up on State Amid Regulatory Uncertainty
“All cryptocurrency companies have a permanent hold on starting businesses in New York due to the political and regulatory ambiguity. If the bill were to pass, New York would become a permanent aftert...
China is second-biggest bitcoin mining hub as miners go underground
By September 2021, China made up just over 22% of the total bitcoin mining market, according to Cambridge University research. Paul Ratje | The Washington Post | Getty Images Bitcoin miners aren’...
Covert Chinese Bitcoin Miners Still Account For 21% of Network Hashrate: Report
China has reemerged as a major Bitcoin mining hub, with covert miners accounting for more than one-fifth of the network’s hash rate, according to data from the Cambridge Digital Assets Programme (CDAP...
Why There is no Profit for Small Bitcoin Miners in 2022
May 16, 2022 at 13:01 // News Due to the exponential rise of the bitcoin difficulty factor, frustrated bitcoin miners are storming the Ethereum network. According to the Cryptocurrency Mining Index, a...
Texas Bitcoin Miners Agree to Reduce Power Usage
The Texas Blockchain Council, a trade association representing the Bitcoin mining industry in Texas, announced on Saturday that crypto miners have responded to the conservation notice issued by ERCOT ...
Glad Tidings For Norwegian Crypto Miners As Parliament Rejects Proposed Ban
Bitcoin mining is still a topic of discussion for many, and a lot of authorities have been taking action regarding it. The Parliament of Norway has recently voted in favor of Bitcoin miners in the co...
Norwegian Crypto Miners Rejoice As Proposed Ban Rejected
On May 10, 2022, the parliament of Norway voted against a proposed ban on Bitcoin mining in the country. This was good news for crypto miners, who were relieved at the decision. Red Party (communist p...
Miners not impacted by volatility in Bitcoin market
Miners are unfazed and may even welcome a downturn as it opens up the opportunity to gain more hash power Bitcoin prices have been on a steady decline all year up to the past 24 hours MARA is down by ...
Miners ‘not impacted by volatility’ in Bitcoin market
Despite the steadily declining prices of Bitcoin (BTC) and turmoil on the markets today, some of the largest mining companies are unfazed and insist their operations will not be affected by negative p...
Bitcoin Miners Headed For A Shutdown As Mining Difficulty Surges 4.89%
According to data from btc.com, a Bitcoin mining performance tracking firm, Bitcoin mining difficulty has risen significantly. As noted on Twitter, by popular cryptocurrency reporter Wu blockchain, th...
As Bitcoin Mining Difficulty Hits 5% ATH, Majority Of Miners Shift To Ethereum
The mining difficulty for Bitcoin (BTC) has reached an all-time high, reducing the already diminishing profit margins of miners. The new development could be catastrophic for crypto miners. As it also...
Environmentalists urge US government to regulate crypto miners
Environmental organizations based in the United States are asking government agencies to take a new approach to regulate cryptocurrency miners. Proof-of-work mining operations have been deemed highly ...
Go green or die? Bitcoin miners aim for carbon neutrality by mining near data centers
Bitcoin (BTC) mining has always been a controversial topic. But, Bitcoin’s proof-of-work (PoW) model has reached new levels of concern as senior decision-makers and investors pay closer attention to e...
Ethereum Miners Surpass Bitcoin Miner Revenue By $224M
After the continuous sink in the mining profitability of both digital assets year-on-year, Bitcoin miners have been set back to seats as Ethereum miners consecutively surpassed them in mining revenue ...
Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners – Coinotizia
The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a ...
Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners – Mining Bitcoin News
The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a ...
Nvidia Fined $5.5 Million For Covering Up How Crypto Miners Boosted Its Profits
The U.S. Securities and Exchange Commission has now penalized graphics card manufacturer Nvidia $5.5 million for failing to disclose to investors how much of its 2017-2018 revenue comes from cryptocur...
Nvidia Settles SEC Charges Over Misrepresentation of Revenue from Crypto Miners
Alex Dovbnya Leading GPU maker Nvidia has reached a $5.5 million settlement with the U.S. Securities and Exchange Commission Nvidia, the top graphics card maker in the world, has settled charges with ...
A look at the trends driving down GPU prices — and what this means for Ethereum miners
It was not uncommon to see GPUs sell for hundreds of dollars above the suggested retail price during most of last year. The shortage of units even led some Ethereum miners to use their laptops to mine...
Bitcoin Miners Reach the Halfway Point to the Next Block Reward Halving – Coinotizia
On May 5, 2022, at block height 735,000, the bitcoin mining pool Poolin mined the 105,000th block reward since the last halving. The mined block also represents the halfway point to the next halving t...