The cryptocurrency community has been discussing a newly announced bitcoin miner called the Numiner NM440 that claims to produce speeds of up to 440 terahash per second (TH/s). Furthermore, a publicly...
Tag: Miners
Argentinian Government Raises Energy Costs Almost 4x for Cryptocurrency Miners – Mining Bitcoin News
The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the...
Kazakhstan Extends Power Cuts for Cryptocurrency Miners For Another Week
Kazakhstan has extended power cuts for cryptocurrency mining operations until February 7. The power cut was supposed to end by January 31. However, ongoing difficulties with the power supply have forc...
Texas Crypto Miners To Close Operations On Upcoming Winter Storm
Major Texas crypto miners adopt a proactive approach and close down 99% of their mining operations to fear an expected Arctic blast. A massive winter storm with heavy snow, rains, and flash flooding w...
Kazakhstan Extends Power Cuts for Cryptocurrency Miners – Mining Bitcoin News
Crypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points to ongoing difficulties with electricity supply as the main r...
Extreme weather conditions forces crypto miners to halt operations
Bitcoin miners in Texas are downing tools for some days due to the anticipated extreme weather conditions expected to hit the state this week. Miners in Texas shut power According to a Bloomberg repo...
Bitcoin miners start powering down to help stabilize Texas’ power grid
As a massive winter storm hits Texas, Bitcoin (BTC/USD) mining companies in the state have started shutting down operations to help ease the strain on the state’s hard-pressed electric grid. A report ...
Texas Governor Greg Abbott Pleads With Crypto Miners to Switch Off
Governor Greg Abbott, who has sought to make Texas a major crypto hub, is worried that the new influx of crypto miners in the state could put too much stress on the power grid. It has come to light th...
What’s CK Pool? And, Why Are There So Many Solo Miners Getting Block Rewards?
The CK in CK Pool stands for Con Kolivas, a Bitcoin legend. Three weeks ago, when he announced that a solo miner got a whole 6.5 BTC block reward, the Bitcoin community cheered. Then, there was a seco...
Big Relief for Crypto Stakers and Miners, IRS Won’t Tax Unsold Crypto Tokens
Crypto Stakers and miners could finally breathe a major sigh of relief as the IRS has decided not to tax unrealized gains derived from crypto staking or mining digital assets. This has been a major re...
Texas Crypto Miners Shuttering Operations as Winter Storm Approaches
To be sure, Texas, there are programs available for heavy power consumers such as crypto miners, to incentivize them to lower their energy usage during peak demand periods. For example, in exchange fo...
Nvidia’s LHR Effort To Stop Ethereum Miners Was A Failure, Reveals Report
A report reveals that Nvidia’s efforts to stave off Ethereum miners from using their GPUs for mining was apparently a failure. Nvidia’s LHR Couldn’t Stop Miners From Mining Ethereum As per a report fr...
Bitcoin miners believe global hash rate to grow ‘aggressively’
Bitcoin (BTC) seems to be on everyone’s mind lately as the world recently witnessed the price of BTC take a rather unexpected bearish turn this month. On January 21, 2022, Bitcoin reached six-month lo...
Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners ‘Was Pointless’ – Mining Bitcoin News
In mid-May 2021, the American multinational technology company Nvidia Corporation revealed that it added a hashrate limiter to curb the use of cryptocurrency mining with its graphics processing units ...
Greg Abbott invites BTC miners to help bolster Texas’ electrical grid
Texas Governor Greg Abbott has invited Bitcoin (BTC/USD) miners to set up shop in the state with hopes that they will help stabilize the Texan electrical grid. A report unveiled this news on January 2...
Nvidia’s Attempt to Throttle GPUs for Ethereum Miners ‘Was Pointless’: Report
Nvidia has long been at the center of a battle between the gaming community and crypto miners that’s sent the price of its graphics cards soaring. Since last year, the company has taken the sid...
Texas Governor Greg Abbott Is Inviting Bitcoin Miners to Stabilize Electrical Grid
In brief Governor Abbott thinks Bitcoin mining could incentivize power production that stabilizes the Texas grid. Other jurisdictions have outlawed Bitcoin miners for placing added stress on their gri...
Senator Warren Targets 6 More Crypto Miners for Their Energy Use
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Small-Time Solo Miners Strike Gold With Full BTC Blocks
Small-time bitcoin miners are making headlines for essentially hitting the jackpot by mining full blocks all on their own. In what has become a modern-day ‘gold rush’, bitcoin enthusiasts are now taki...
Miners Remain Unfazed by Crypto Sell-Off, Expect More M&A
In a relatively young industry with rising competition, expansion is one of the keys for miners to remain profitable. However, with limited access to capital, M&A will likely become more pronounce...
Kazakhstan is cutting off power supplies to crypto miners
Crypto miners in Kazakhstan are facing a major drawback, as reports have revealed that authorities in the country have cut off the power supply of miners owing to the growing crisis in the country. Bl...
Kazakhstan Powers Down Bitcoin Miners as Blackouts Roil Central Asia
Don’t expect Kazakhstan Bitcoin miners to be earning any BTC during the final week of January. The state-run Kazakhstan Electricity Grid Operating Company (KEGOC) confirmed to Bloomberg that ele...
Bitcoin Miners In Kosovo Sell Mining Equipment Causing Panic After Federal Ban
Europe’s country Kosovo bans cryptocurrency and Bitcoin mining due to spiking energy prices and blackouts. Amid the crack-down against Bitcoin mining, miners within the country have started selling of...
46% Bitcoin miners employ renewable energy sources to mine Bitcoin: BMC
Bitcoin Mining Council (BMC), recently announced the results from its quarter fourth survey highlighting how Bitcoin mining is steadily adopting sustainable power usage. As per the latest Q4 survey re...
OKO Miners Announces Attractive Deals on Several Mining Products
Jersey, United Kingdom, 24th January, 2022, Chainwire OKO Miners is one of the largest cryptocurrency mining equipment resellers on the market. OKO’s mission is to guide users in choosing the best blo...
Kosovo Bitcoin Miners Selling Equipment After Government Ban
Excavators in northern Kosovo profited from modest power Crackdown follows power cuts influencing a large number of individuals A similar story has been playing out in Kazakhstan Taking off energy cos...
What Happens To Miners After The Last Bitcoin Has Been Mined? — Big Reveal ⋆ ZyCrypto
Advertisement     Bitcoin’s fixed supply makes it a possible good inflation hedge, according to pundits. By 2140, mining blocks will no longer yield a block reward. ...
Kazakh Miners Subsisting in Nation, Will They Move?
Kazakhstan’s political crisis has forced miners in nation to think about moving outside the country. Issues in the sector were looming well before internet’s blackout and riots in Kazakhstan, creating...
Kosovo Crypto Miners Considering Selling Gear Following Ban
Some miners in Kosovo are considering selling their equipment, following a government ban on cryptocurrency mining. One crypto exchange co-owner based in Kosovo’s capital Pristina told Bloomberg he kn...
Bitcoin Miners’ Margins Are Still ‘Quite Healthy’ Even After Recent Selloff: D.A. Davidson
Bitcoin miners are still generating healthy profits, despite the sharp selloff in crypto prices and an increase in the network hashrate, Wall Street investment firm D.A. Davidson’s analyst wrote on Tu...
Bitcoin miners’ resilience to geopolitics — A healthy sign for the network
Considering that Bitcoin (BTC) is a blockchain network that uses a proof-of-work (PoW) consensus mechanism, miners are a highly significant part of the market dynamics of the network and the community...