Voell agrees that industrial mining is growing, but suspects that if the space encounters a true bear market, the plucky home miners will be more likely to ride it out. “It’s much more difficult to sq...
Tag: Mining
Mining City Reviews What Are Hash Rate and Hash Power In Crypto Mining?
As the rewards for mining a blockchain rise, so too does the number of miners competing for those rewards. This decentralization of computing power is an essential feature of a proof-of-work blockchai...
Why does unrest upend the Kazakhstan Bitcoin mining industry?
Bitcoin mining industry has been facing several hits due to its environmental impacts. However, following the climatic conditions, many famous figures criticized the operations. So, many blockchains l...
Will the EU Ban All Crypto Mining?
It looks like all these different countries are taking a page out of what has become the infamous China crypto book. The European Union (EU) is all set to vote on whether to ban bitcoin and cryptocurr...
Crypto Mining Made Easy For Everyone !
Crypto mining has been developed as a way to mine cryptocurrency by using rented cloud computing power without having the need to install or directly run any related software or hardware. People can r...
Attempt to digitalize coal: the US becoming cryptocurrency mining capital of the world
Development crews are converting an old coal-washing plant in Belfry, Kentucky, to turn it into a Bitcoin mine located deep within the Appalachian mountains. Kentucky also provides each property with ...
Bitcoin Mining Difficulty Drops for Second Time in March
The difficulty of mining a bitcoin (BTC) block dropped 0.35% on Thursday, the second time this month, after a consistent climb since November. On March 3, mining difficulty dropped 1.5%, data from inf...
Russia-Ukraine Conflict Pushes Bitcoin Mining Difficulty Down; Pantera Capital CEO Predicts BTC Price At $400k by 2025
For the first time since July 2021, Bitcoin mining difficulty has dropped significantly. Interestingly, the drop has happened not once but twice within the space of this month alone. Meanwhile, Panter...
Bitcoin Miners Catch a Second Break With Another Downward Difficulty Adjustment – Mining Bitcoin News
Five days ago, Bitcoin’s hashrate had shown improvement as it increased 15% over the course of ten days and today, the computational power remains above the 200 exahash per second (EH/s) region. Meanw...
Corporate treasuries: These mining outfits hodl the most bitcoin
Miners are at the core of the Bitcoin network, providing security to the whole ecosystem of users, businesses, and hodlers. Bitcoin (BTC) mining companies aim to serve as bitcoin investment vehicles, ...
ASIC Mining Rig Manufacturer Canaan Reveals $100 Million Stock Buyback Program – Mining Bitcoin News
The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in ...
Hive Blockchain Increases Mining Activities Using Intel ASIC Chips
Notwithstanding the issues and turbulence in the crypto sector, operators are still enthusiastic and forward-thinking about it. Even though it seemed that mining activities would see a decline given t...
106 illegal crypto mining firms shut down in Kazakhstan
Kazakhstan is cracking down on cryptocurrency mining firms in the country. The Kazakh government has announced shutting down 106 illegal crypto mining firms. These firms were operating without acquiri...
Kazakhstan Shuts Down 106 Crypto Mining Farms
The government of Kazakhstan identified 106 cryptocurrency mining farms that operate without the necessary licenses. The authorities halted 51 of them, while 55 ceased their operations voluntarily. Th...
Riot Blockchain Sees 2022 as Year of Consolidation in Bitcoin Mining Sector
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 ...
Green Energy: A solution to Huge Mining Energy Consumption?
Study shows that Bitcoin mining accounts for 0.19% of a carbon footprint on a global level. Bitcoin mining energy consumption has always been a topic of discussion for environment lovers, and it incre...
Bitcoin Mining: A Space Witnessing Higher Competition in 2022
Arcane Research recently signified the bitcoin mining hashrate and what might be expected by the year-end of 2022. It highlights that the publicly listed companies are competing faster than the entir...
Bitcoin mining hardware maker Canaan announces up to $100 million in new stock buybacks
advertisement Canaan, one of the largest bitcoin mining hardware makers, announced a stock buyback program of up to $100 million. The company said in a statement that stock performance had been impact...
Texas Crypto Mining Leads to Rising Power Bills for All
Cryptocurrency miners flocking to Texas have caused a spike in electricity prices for local residents already burdened by rising energy costs. Minimal regulation and relatively cheap electricity have ...
Kazakhstan Shuts Down Over 100 Crypto Mining Farms – Mining Bitcoin News
More than 100 crypto farms in Kazakhstan have terminated operations as a result of ongoing inspections of the mining sector. Authorities have revealed that some of the facilities are linked to promine...
Bitmain Rolls Out More Powerful And Energy-Efficient Bitcoin Mining Rig To Date
Liquid-cooled mining machines from Chinese chipmaker Bitmain have been unveiled. The S19 XP HYD is expected to be one of the company’s most energy-efficient models ever. The new mining setup employs l...
Bit Digital Has Deployed 39% of Its Crypto Mining Rigs in North America
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 ...
Over 100 illegal mining farms were shut down in enforcement raids in Kazakhstan
The Financial Monitoring Agency of the Republic of Kazakhstan reported earlier on Tuesday that 55 illegal mining farms “voluntarily stopped their operation” due to an enforcement campaign by the regul...
Kazakhstan Clamps Down Crypto Mining Operations, Another Exodus Coming?
Kazakhstani authorities are clamping down crypto mining operations after the country witnessed an energy shortage up until early this year. In a release dated 15 March, the government authorities have...
Crypto mining operation by Bitmain in the US
Crypto mining operations by Bitmain in the US has gained strong foothold It will hire 40 employees for the operations in the US The company has received a strong foothold in the largest mining farm i...
Kazakhstan has confiscated nearly $200 million in mining equipment from unregistered miners
advertisement Kazakhstan’s push to rein in its local crypto industry has seen significant escalations. On March 15, Kazakhstan’s Financial Monitoring Agency reported on its overall work to...
Kazakhstan Crackdown On Illegal Mining Forces 106 Miners To Close Shop
The government of Kazakhstan has sanctioned 106 crypto mining farms for engaging in illicit crypto mining activities. Some ex-officials and Kazakhstan’s wealthiest businesses were found to be involved...
Kazakhstan Shuts 106 Crypto Mining Farms; Seizes $193M Worth Equipment
Kazakhstan government has hammered 106 crypto mining farms for illegally carrying out crypto mining activities. The administration has discovered some ex-officials and richest businessmen in Kazakhsta...
AMC buys stake in Nevada gold miner Hycroft Mining
Adam Aron, AMC Entertainment president and CEO. David Orrell | CNBC Movie theater chain AMC Entertainment has agreed to purchase a major stake in a Nevada gold and silver miner, the companies announce...