A few days ago, Kosovo banned cryptocurrency mining. Kosovo, a hub for Bitcoin mining Since 2018, the Balkan country had become a small mining hub thanks to low electricity costs, but it was precisel...
Tag: Miners
Internet Outages Spooking Crypto Miners in Kazakhstan
Last week’s internet outage in Kazakhstan compounded growing concerns over tighter government regulations, according to local cryptocurrency miners. In light of these potentially diminished prospects,...
Kazakhstan’s Miners are Living out of Suitcases. Where to Now?
Kazakhstan’s miners: The political crisis has threatened the safety and performance of mining companies. These companies provide 18% of the global bitcoin hash rate. So what does this mean for the ind...
Bitcoin miners finally eradicate China’s dominance from the network
The Great Mining ban of July had a profound impact on the mining industry as after the ban the Bitcoin network lost more than 50% of its hash rate. The widespread effect was as such that miners from o...
Bitcoin miners can take fresh 20% BTC price hit before capitulating, data shows
The Bitcoin (BTC) mining business is bigger than ever at current price levels, and new data shows just how unlikely a mass miner sell-off really is. As noted by popular Twitter account @venturefounder...
Bitcoin Miners Show Strong Accumulation As Their Inventories Spike Up
On-chain data shows Bitcoin miner reserve has showed a sharp spike recently, suggesting that miners are currently loading up on the crypto. Bitcoin Miner Reserve Shoots Up; Trend Of Accumulation From ...
Bitcoin cycle is far from over and miners are in it for the long haul: Fidelity report
Fidelity Digital Assets — the crypto wing of Fidelity Investments which has $4.2 trillion assets under management–shared their “two sats” on the future of the digital assets space. The key takeaways t...
‘Astronomically Lucky’ Tiny Crypto Miners Defy Odds to Win Bitcoin Jackpot
Two individual Bitcoin miners with modest hashrate hit a jackpot of 6.25 BTC each (around $275,000 at current prices) after successfully adding new blocks to the Bitcoin network—all in the span of two...
Georgia Goes After Crypto Miners Using Subsidized Electricity in Historic Town – Mining Bitcoin News
A record high consumption of electricity blamed on illegal crypto farms in northwestern Georgia has caught the attention of authorities in the capital Tbilisi. The central government and the local uti...
Bitcoin and Other Cryptos Are Stabilizing. The Miners Look Like Value Plays.
Text size Dreamstime Bitcoin and other cryptos were trading higher on Tuesday, showing signs of stability after one of their longest losing streaks since 2018. Bitcoin was pricing around $42,900, up 2...
$1.3B of Bitcoin Withdrawn from Exchanges as Miners’ Reserves Reach Yearly High
After the most recent correction in which BTC lost 15% of value in days, bitcoin miners have started to accumulate in large portions once again. At the same time, yesterday saw the most significant bi...
Bitcoin Miners Resolve to Heavy Accumulation, Here’s Why $40K Is Strong Support for BTC
After a poor start to 2022, the world’s largest cryptocurrency Bitcoin is finally showing some green shoots over the last two days. Well, thanks to the heavy miner accumulation that has taken place ov...
Key on-chain metric shows Bitcoin miners in ‘massive’ BTC accumulation mode
New data shows that Bitcoin (BTC) miners are hoarding more coins than at any time in the past five months, which could be a fresh signal that the current prices are not for selling. Analyzing its mine...
Kazakhstan-Based Crypto Miners Face Unprecedented Situation
Kazakhstan-based crypto miners have been witnessing an unprecedented situation as they find themselves surrounded by uncertainty due to political forces. The country’s fast-growing cryptocurrency min...
Kazakhstan Is Stabilizing, Government Claims as Crypto Miners Look to Future in Country – Mining Bitcoin News
The situation across Kazakhstan, hit by anti-government protests in the first week of the year, is normalizing, central authorities claim. The country’s massive crypto mining industry, which faced an ...
Spanish Deputy Suggests Spain Might Attract Kazakhstan Miners – Bitcoin News
Maria Muñoz, a Spanish deputy from the country’s Congress, wants to position its country as a reliable alternative to miners that are facing a dire situation in Kazakhstan, after their internet servic...
Spanish Lawmaker Proposes Law To Lure Bitcoin Miners Amid Growing Protests In Kazakhstan ⋆ ZyCrypto
Advertisement     With the world’s second-largest Bitcoin mining hub at the cusp of shutting down operations following deadly power outage protests, Spain on the other...
This lawmaker thinks Spain can lure miners from protest-stricken Kazakhstan
China’s crackdown on crypto mining sent local miners on a global hunt for places to host their machines. Factors like lead times to build out hosting sites, energy and labor costs, tax regimes, climat...
Crypto Miners Are Better Investments Than Bitcoin Even After Sell-Off: Analysts
Crypto miners are having a tough start to the new year, with their shares extending December’s decline as bitcoin fell below $43,000. However, Wall Street analysts are staying upbeat on the sector’s o...
China’s Xiangtai food Co. buys 686 spot Bitcoin miners despite mining ban
Xiangtai Food Co., Ltd., a Nasdaq-listed Chinese food company has bought 686 spot Bitcoin miners that are worth US$6 million via its United States subsidiary called SonicHash LLC. While the mining ope...
Kazakh BTC miners could migrate to the US due to an energy crisis
After China announced a blanket ban on crypto mining, most miners went offline, given that at the time, China was the largest Bitcoin mining hub. The increased regulatory risk of miners operating in C...
Kazakhstan protest leads to internet shutdown: 15% of global Bitcoin miners go offline
TL;DR Breakdown Protests in Kazakhstan led to a nationwide internet shutdown. Almost 15% of global Bitcoin miners were offline. All major BTC mining pools experienced a significant reduction in thei...
Fuel price protests escalate in Kazakhstan causing internet blackout for its Bitcoin miners
Spurred by a sharp rise in fuel prices, raging protests in Kazakhstan brought about a nationwide internet blackout. Following the US, Kazakhstan counts as the second-largest country when it comes to m...
Following energy shortage, Kazakhstan is reining in 2021’s stampede of crypto miners
In recent months Kazakhstan’s new regime for cryptocurrency mining has established a new registry that is growing at a rapid clip amid pressure on the country’s electrical grid. Amid issue...
Crypto miners at risk amid protests post natural gas price hike
In the wake of the Chinese crypto ban, miners from the authoritarian nation relocated to the formerly up and coming hub for crypto, Kazakhstan. However, the narrative did not lay out according to the ...
Bitcoin Hashrate Sets A New All-Time High, Recovery Comes As Miners Relocate
As 2022 begins, the Bitcoin hashrate recovers from China’s Crackdown, miners relocating from China being one of the factors. Some also believe that it’s not just about miners relocating but majorly ab...
Power Outages in Russia’s Irkutsk Region Blamed on Home Miners – Mining Bitcoin News
Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains th...