EtherePoW’s hashrate and mining difficulty are currently at their lowest levels since the launch of the network. Miners have gradually exited the network. Less than 1% of the total addresses on the ne...
Tag: Mining
Ukrainian tailor shop was a front for illegal crypto mining
A tailor shop located in Ukraine was illegally mining cryptocurrency and was shut down by local authorities. Law enforcement discovered that a tailor shop located in Kovel — a city located in the Voly...
Will Slow Down In BTC Mining Hamper Bitcoin’s Short Term Price?
After a tumultuous month for Bitcoin in November, few indicators are pointing out that the BTC price can see a major downtrend in the month of December and in the near short term. The core factor lead...
Largest Eurasian BTC Mining Hub in Kazakhstan Tightens Rules for Miners
Vladislav Sopov Electricity from auctions, new taxes and two licenses instead of one: Kazakhstan Parliament passes major bill on crypto Contents Kazakhstan launches electricity auctions for miners New...
Kazakhstan Introduces Strict Crypto and Mining Legislations
9 seconds ago | 2 mins read Bitcoin News Whenever there is a surplus, miners may buy power from the public power grid. There is also a proposal to split mining licenses into two distinct types. Severa...
Kazakhstan Passes Stringent Crypto And Mining Bills
Kazakhstan lawmakers have passed the “On Digital Assets of the Republic of Kazakhstan” crypto assets bill and other bills regulating crypto mining in Kazakhstan. The changes include regulations requir...
Bitcoin Mining Sector Struggle Continues, Marathon Unable to Recover Deposit
The recent crypto winter did come quite harsh for the broader crypto market which evidently impacted cryptocurrencies and related operations. It was very much likely to affect crypto and bitcoin minin...
Kazakhstan’s parliament moves forward on Bitcoin mining legislation
Kazakhstan is advancing new legislation to regulate local crypto miners. Kazakhstan’s Majalis, the federal parliamentary body, has approved the second reading of a bill “On the Digi...
Blockstream raises funds for mining at 70% lower company valuation
The depths of a bear market may not be the best time to raise funds but that is exactly what Blockstream is doing. The crypto infrastructure firm has received fresh funding, but at a much lower valuat...
Despite Setbacks, the Crypto Mining Sector Stands Firm
It would appear several crypto mining companies out there continue to either purchase or inherit machines – even though profits in the industry seem to be dying either due to falling crypto prices or ...
Bitcoin Mining Difficulty Drops, Crypto Daily TV 7/12/2022
In Todays Headline TV CryptoDaily News: Bitcoin mining difficulty drops over 7%. The difficulty of mining a bitcoin block fell by 7.32%, most since July 2021, with miners powering off machines as a br...
Bitcoin Mining Difficulty Observes Sharpest Drop Since China Ban
Data shows the Bitcoin mining difficulty has just observed its sharpest plunge since the aftermath of the China ban. Bitcoin Mining Difficulty Sees Largest Downwards Adjustment Since July 2021 As per ...
Paraguay Crypto Bill Axed by Lawmakers, No Cheap Bitcoin Mining
A Paraguay crypto bill focused on taxation and crypto mining has been tabled by lawmakers. The bill would have established electricity cost caps for mining. Crypto miners will no longer find Paraguay ...
Bitcoin adoption on the rise in Africa: A discussion on the Lightning Network and mining technology – BitTalk #1
The first episode of the “Bit Talk” podcast discusses recent developments in the world of Bitcoin. Hosted by Akiba and James from CryptoSlate as well as Bitcoin pioneer Nick from Mercury Wallet, the p...
Jack Dorsey’s Block Bets Big on Kenyan Mining Company Gridless
Kenya looks set to up its Bitcoin mining hashrate as Block, Inc. and niche venture capital firm Stillmark invest $2 million in community-first company Gridless. Gridless will build more mining facilit...
Litecoin, its growing mining difficulty, and why it could go against LTC’s price action
Litecoin mining difficulty continues to increase, potentially risking miner profitability Litecoin’s upside was experiencing slow momentum at press time Litecoin [LTC] demonstrated positive growth in ...
The Block: Bitcoin Mining stock report: Tuesday, December 6
Most bitcoin mining stocks tracked by The Block traded lower on Tuesday, some showing double-digit declines. Bitcoin was trading at around $17,000 by market close, according to data from Trading...
Crypto Winter Now Disturbing the Bitcoin Mining
Bitcoin mining difficulty reportedly witnessed a significant drop on Tuesday, December 6th. The difficulty dropped over 7% which made many miners involved in the operations leaving the ground amidst t...
Bitcoin mining: hashrate and difficulty plummet
For the past few days, the hashrate of Bitcoin mining has been reported to be falling. The seven-day moving average hit a monthly low on Nov. 28, below 240 Eh/s, before recovering slightly in early N...
Investigation over cheap electricity Providing Contracts for Crypto Mining in Kentucky
Kentucky authorities investigate implications of cheap electricity to crypto miners. Earthjustice Act to Solve Kentucky Public Service Commission (PSC) is investigating two proposed contracts th...
Bitcoin Mining Difficulty Drops by Most Since July 2021 as Crypto Winter Cuts Profitability
At these “depressed profitability levels, even miners using energy-efficient machines like the Antminer S19j Pro need access to electricity priced lower than [8 U.S. cents] per kWh,” said Jaran Mell...
Paraguay legislature strikes down crypto mining bill
Paraguay struck down a crypto bill that would cap electricity rates for mining operations. The bill was generally aimed at regulating the commercialization, intermediation, exchange, transfer, c...
Bitcoin Miner Riot Switches Mining Pool After Falling Short in November
Other payment methods usually ensure miners always get paid, even if the pool doesn’t find a block. However, PPLNS only pays miners after a block has been found by the pool, and then the pool goes bac...
Texas’s Crypto Mining Boom Is Starting to Look More Like a Bust
(Bloomberg) — The digital gold rush in Texas is losing its luster as Bitcoin miners grapple with financial woes, leaving behind what some fear will be a wasteland of unfinished sites and abandon...
Bitcoin mining difficulty drops by more than 7%, thanks to crypto winter
Bitcoin mining difficulty fell by a great margin on 6 December. This was one rare instance that happened after July 2021. The drop in difficulty at block height 766,080 was 7.32% as per the data on th...
Bitcoin Mining Difficulty Records Biggest Drop of 2022. Here’s Why
Alex Dovbnya Bitcoin’s mining difficulty has recorded the biggest drop since the implementation of China’s mining ban According to data provided by BTC.com, Bitcoin’s mining difficulty has...
Hive Blockchain Pivots to BTC Mining Following ETH Merge
Mining companies that relied heavily on Ethereum have had their revenue slashed following the Merge. The survivors have pivoted to BTC mining, and Hive Blockchain is among them. Former Ethereum mining...
Bitcoin mining difficulty falls 7.2% in sign unprofitable machines are being unplugged
Bitcoin mining difficulty is down 7.2%, the biggest drop since July 2021, according to an update posted on BTC.com. It’s the largest single step down since a nearly 28% plunge following Ch...
Bitcoin mining difficulty falls TK% in sign unprofitable machines are being unplugged
Bitcoin mining difficulty is down 7.2%, the biggest drop since July 2021, according to an update posted on BTC.com. It’s the largest single step down since a nearly 28% plunge following Ch...
Compass Mining Launches Miner Protection Plan
Compass Mining is an online marketplace for Bitcoin mining hardware and hosting. Mining industry is facing headwinds amid rising hash rates and the crypto winter. Compass Mining’s new product is a wel...
The Block: Mining stock report: Monday, December 5
Most bitcoin mining stocks tracked by The Block traded lower on Monday, with a couple of of firms seeing double-digit declines. Bitcoin was trading at around $16,900 by market close, according t...