Virunga National Park in the Democratic Republic of the Congo has become the first national park in the world to run a Bitcoin (BTC) mine in an effort to protect its forests and wildlife. Cointelegrap...
Tag: Mining
BlockFi Got Approval to Set UP Auction of Crypto Mining Assets
Due to the FTX breakout, the crypto lending platform BlockFi filed for chapter 11 bankruptcy protection on November 28, 2022. On Monday, the company got approval from the United States Bankruptcy Cour...
Judge Approves BlockFi Request to Auction Mining Assets
Distressed crypto lender BlockFi can auction mining assets to exploit favorable market conditions, a U.S. bankruptcy judge rules. BlockFi’s assets have courted significant interest given crypto market...
Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023
Bitcoin (BTC) mining stocks usually follow BTC’s price because it directly influences company earnings. These stocks were beaten down heavily in the last quarter of 2022, especially in December. The ...
BlockFi permitted to auction mining equipment
BlockFi has gained permission in bankruptcy court to sell its cryptocurrency mining equipment, Bloomberg reported Jan. 30. Bloomberg cited statements made by BlockFi representatives during a video he...
Kazakhstan Adopts Law Regulating Crypto Mining and Exchange
Lawmakers in Kazakhstan’s capital city, Nur Sultan, have approved the final iteration of the law “On Digital Assets in the Republic of Kazakhstan.” Kazakhstan has been making strides in crypto, espe...
Bitcoin (BTC) Mining Revenue Witnesses 50% Surge as Market Stabilizes
11 hours ago | 2 mins read Editors News Bitcoin mining profits fell below $14 million on December 28 of 2022. The mining profits soared from $15.3 million on January 1 to roughly $23 million. Profits ...
BlockFi Gets The Nod To Accept Bids For Crypto Mining Business
– Advertisement – The bankruptcy court has approved BlockFi’s request to set up the auction for its mining equipment. Potential buyers will have till 20 February to submit their bids. Th...
BlockFi Wins Approval to Arrange Auction for Mining Business
Bankrupt crypto lending platform BlockFi received court approval to put its Bitcoin mining business up for auction. The company plans to sell its equipment as fast as possible, to take advantage of c...
Bitcoin mining difficulty hits ATH of 39.35T
On Jan. 29, the bitcoin (BTC) mining difficulty, which is the complexity that miners must overcome to solve blocks, was adjusted upwards to an all-time high (ATH) of 39.35 trillion. The new figure is ...
The Block: Bitcoin mining report: Jan. 30
Bitcoin mining stocks tracked by The Block were mostly lower on Monday, with two gaining and the other 17 declining. Bitcoin fell 4.2% to $22,724 by market close. Here is a look at how the...
Bitcoin mining revenue jumps up 50% to $23M in one month
As Bitcoin (BTC) shows a minor bull run, the connected mining ecosystems’ year-long struggle for survival has started to pay off. In the first month of 2023, the Bitcoin mining community experienced a...
Is Majority of BTC Mining Hashrate is Controlled by two Pools?
Since the last few months, Bitcoin hashrate has continuously increased, ultimately pushing the process of solving a block into a tougher scenario. As per data from Coinwarz at the time of writing this...
Mining Bitcoin just got a lot harder—see why – Cryptopolitan
Mining Bitcoin has become significantly more difficult over the past few days. Its mining difficulty is up to a new peak of 39.35 trillion, which rose by 4.68% from 37.59 trillion on Sunday. Mining di...
Bitcoin Mining Revenue Surged by 140% Since Christmas
The total bitcoin mining revenue (block rewards plus transaction fees) per day soared by almost 50% since the beginning of the month, tapping almost $24 million. Despite the significant rise, the figu...
China’s Ban of Bitcoin Mining is Now Just a Hashrate Blip – Trustnodes
China sent bitcoin’s hashrate diving in May-June 2021, while its price halved from $60,000 to $30,000. Close to two years on however, the only effect that had was that no block was found for an hour a...
Bitcoin (BTC) Mining Difficulty Has Gained New All Time High
45 mins ago | 2 mins read Bitcoin News BTC mining difficulty is 39 trillion at the height of 774,286. The difference between mining and the actual cost of BTC is $2,567. Bitcoin (BTC) price increase h...
Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange – Regulation Bitcoin News
Lawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.” The new legislation, including several other bills, regulates the circulation of c...
Crypto Mining Proves to Stabilize Energy Grids
The prediction of future advancements in energy has been a tricky business for experts. Recent predictions for the year 2050 have shown that some experts were off-base in their predictions. One of the...
Bitcoin Difficulty Surges 4.68%, Taps New All-Time High; Metric Set to Surpass 40 Trillion – Mining Bitcoin News
The Bitcoin blockchain recorded another difficulty increase on Sunday, Jan. 29, 2023, at block height 774,144. The network’s difficulty increased by 4.68%, from 37.59 trillion to an all-time high of 3...
Data Shows 50% Of Bitcoin Hashrate Controlled By Two Mining Pools
Bitcoin hashrate is becoming highly centralized, with a few mining pools controlling most of the blockchain mining power. The latest data from Mempool indicates that 50% of the total hashrate is held ...
Crypto Mining from Home in 2023
Do you want to mine cryptocurrency from the comfort of your own home? With the rise in digital currencies, more and more people are becoming interested in crypto mining. Cryptocurrency mining uses spe...
You Might Want To Think Twice About Mining Bitcoin Here
Join Our Telegram channel to stay up to date on breaking news coverage US Bitcoin Corp has been ordered to halt its crypto mining operations or pay a fine of $10,000 daily. If the miner continues oper...
Crypto Mining in Residential Areas of Russia Might Face Ban Soon
2 hours ago | 2 mins read Bitcoin News Members of the group think the change would make the community safer from fires. Anton Tkachev thinks it’s a good idea to prohibit mining in residential areas. R...
Marathon plans 250 MW Abu Dhabi bitcoin mining JV
Marathon Digital, a crypto mining company, is initiating a $406 million joint venture (ADGM Entity) with FS Innovation to build and run bitcoin mining operations in Abu Dhabi. The project’s first phas...
Ban on Crypto Mining in Residential Areas Proposed in Russia
– Advertisement – Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its regions. The stated motive for the proposal is to prevent fir...
Hut 8 Mining Corporation Ramps Up Fight Against Power Supplier
The Bitcoin (BTC) miner Hut 8 Mining Corporation, which is located in Canada, has taken the struggle it has been having with the power supply for one of its mining sites to a higher level by filing a ...
Bitcoin Difficulty Set to Rise 3.82% to All-Time High of 39 Trillion Following Recent Increase – Mining Bitcoin News
The Bitcoin network is set to record another meaningful difficulty increase on Sunday, Jan. 29, 2023, as current estimates expect it to rise 3.82% higher. The change follows the last difficulty retarg...
Paraguayan Bitcoin Mining Companies Hurt by Power Rate Hikes of Over 50% – Mining Bitcoin News
Paraguayan mining companies are taking a hit to their profitability due to the steep power fee hikes the government has established for cryptocurrency mining activities. According to reports from Brai...
These Factors Could Most Influence the Future of Bitcoin Mining
Cryptocurrency mining has come a long way since the early days of Bitcoin. As the industry has evolved, so too have the trends and technologies that drive it. In this article, we will look at the most...
Marathon forms Abu Dhabi bitcoin mining JV; initial project of 250MW
Crypto miner Marathon Digital is forming a joint venture with FS Innovation in Abu Dhabi to create and operate mining facilities. The company said in a filing the initial project will consist ...
US Senate Finance Committee Explored Benefits of Bitcoin Mining
5 hours ago | 2 mins read Bitcoin News Dennis Porter has recently conducted a presentation on Bitcoin mining and its environmental impact. The New Hampshire governor recently conveyed that the legal a...