Bitcoin Mining difficulty is getting tougher and tougher as network is gaining traction. This is a far cry from what was anticipated from China. Bitcoin miners are successfully establishing themselves...
Tag: Mining
Bitcoin mining finds fresh support from Russian Finance Ministry
As Russia continues to work on new regulations for the cryptocurrency industry, the Russian Ministry of Finance has expressed fresh support for Bitcoin (BTC) mining. Russia should encourage the develo...
Bitcoin mining revenues climb back up to $1.21 billion in March
After falling consecutively since October, bitcoin mining revenues had a month-over-month increase of 14%. Bitcoin miners brought in a total of $1.21 billion in revenue in March, according to data com...
Regulators May Decide Greenidge’s Bitcoin Mining Fate in June
The New York Department of Environmental Conservation (DEC) could make a final decision on whether to renew an air permit held by Greenidge Generation—a controversial Bitcoin mining firm in New York—o...
Crypto Mining To Receive “Special Attention” In Russia
Russia’s Finance Ministry said an upcoming bill to regulate cryptocurrencies will pay “special attention” to mining, citing vast potential in the country for growing the activity. The bill, which was ...
Bitcoin Mining Difficulty Eyes New ATH As Block Production Ramps Up
Bitcoin mining difficulty has been on the rise as the network has gained more popularity. This is a far cry from what was expected after China, which was known as the mining capital of the world at th...
Bitcoin Mining Difficulty Jumps Record High As Adoption Rises
Bitcoin mining difficulty on Thursday has hit a record high of 28.59 T, rising 4.13% on the entire Bitcoin network. As per data from BTC.com, the difficulty in mining bitcoin has increased after facin...
Cleanspark Reveals Texas Expansion — Bitcoin Miner Plans to Add 500 MW of Mining Power – Mining Bitcoin News
Bitcoin miner Cleanspark has revealed the company is expanding operations in Texas with up to 500 megawatts (MW) of renewable power. The firm has inked a deal with the Houston-based Lancium to initial...
The Best Cloud Mining Tron (TRX) Services in 2022
GEM-TRX Links: Official website: https://gem-trx.com/share?code=336661 Official page: https://www.gemtrx2.com/ Official Facebook page: https://www.facebook.com/gemtrxofficial/ Official Twitter: https...
Crypto Mining might be legalized – Russian Ministry of Energy
Cryptocurrency mining needs to be strictly regulated Government might introduce regional quotas for crypto farms Vladimir Putin urged the government and the central bank to resolve their differences T...
Canadian Oil Company to Allocate its Untapped Energy in Mining Bitcoin (Report)
Bengal Energy – a Canadian-based oil and gas company – will reportedly deploy energy from “stranded” gas wells into bitcoin mining operations. The firm also intends to set up 70 BTC mining rigs inside...
Bitcoin Mining Stock Downtrend Deepens: What’s Behind The Drop?
Bitcoin mining stocks have not fared the best in recent times. Although they were one of the winners of 2021, their fall from grace had been even more rapid than their climb there in the first place. ...
ExxonMobil Is Getting Involved in Crypto Mining
ExxonMobil – one of the biggest gas and diesel providers in the United States – is taking a page out of the ConocoPhillips book and is looking to mine bitcoin in North Dakota. ExxonMobil Seeks to Use ...
Malaysia Detains Over 600 People for Stealing Electricity to Mine Cryptocurrency – Mining Bitcoin News
In the past two years, law enforcement authorities in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies. The country’s police force has ...
As Bitcoin’s Hashrate Remains Elevated, BTC’s Mining Difficulty Expected to Reach a Lifetime High – Mining Bitcoin News
During the last month, Bitcoin’s hashrate has been coasting along above the 200 exahash per second (EH/s) zone, minus a number of drops here and there above and below that range. Following two difficu...
Russian Ministry of Energy Calls for Urgent Legalization of Crypto Mining – Bitcoin News
The legal vacuum in the crypto mining sector must be filled “as soon as possible,” according to a statement by Russian Deputy Minister of Energy Evgeniy Grabchak. The government official also called f...
U.S. oil and gas companies are using unspent energy for bitcoin mining ⋆ ZyCrypto
Advertisement     Proof-of-Work (PoW) blockchains such as Bitcoin and Ethereum have been under the scrutiny of regulatory agencies because of the high carbon footprint...
Analysis Says Bitcoin Mining May Become An Arm In US Energy Liberation
Texas rep, Pete Sessions, said clearly that the growth of the Bitcoin mining industry may inflate energy independence in the United States. Pete Sessions has graced people with an audacious statement ...
DCG Mining Subsidiary Foundry Joins Texas Blockchain Council to Help Shape Crypto Public Policy – Bitcoin News
On Tuesday, Digital Currency Group’s (DCG) mining subsidiary, Foundry Digital, announced the company has joined the Texas Blockchain Council (TBC), a nonprofit industry association in the state of Tex...
The Bitcoin shitcoin machine: Mining BTC with biogas
Next time someone tries to poo-poo the renewable credentials of Bitcoin (BTC) mining, remember AmityAge Mining Farm. Founded by Gabriel Kozak and Dušan Matuska, the Bitcoin mining facility uses human ...
Italian bank sued for $144m by a crypto mining company
TL;DR Breakdown Italian bank fined $144 million for customer violation. Banks are under economic scrutiny amid the Russia-Ukraine war. UniCredit appeals the court decision. UniCredit, the Italian seco...
Research Explains Bitcoin Mining Could Be Helpful For US Energy Independence
Pete Sessions, Texas rep, stated clearly that the growth of the Bitcoin mining sector could expand energy independence in the US. US Congressman Peter Sessions has graced the public with an audacious ...
Russia wants to legalize Bitcoin mining
Deputy Energy Minister Evgeny Grabchak has stated that it would be appropriate to legalize Bitcoin mining in Russia. Russia wants to open up to Bitcoin mining Deputy Energy Minister of the Russian Fed...
UniCredit Fined $144 Million for Illegally Closing Crypto Mining Firm’s Accounts
Italian banking giant UniCredit has been asked to pay a fine of about $144 million for allegedly closing accounts belonging to a cryptocurrency mining company. UniCredit in Hot Water A district court ...
Russian Official Advocates Legalization of Bitcoin Mining
In a dramatic twist, the Russian Deputy Minister of Energy Evgeny Grabchak is pushing for the regulation of Bitcoin (BTC) mining, given the current realities in the country. As reported by the Russian...
Greenidge plans to triple US bitcoin mining capacity after securing $100 million in new financing
advertisement Greenidge Generation Holdings, the owner of a large crypto mining center in upstate New York, has secured $100 million to fund its growing operations in the US. The financing includes an...