In brief Russia ranks third among all countries in Bitcoin mining, as measured by hashrate. Its share is remaining steady after the invasion of Ukraine. If Russian miners were to go offline suddenly, ...
Tag: Mining
Bitfury Sets Up a Bitcoin Mining Facility in Canada
Amsterdam-based bitcoin mining firm – Bitfury – announced it will launch a new 28MW digital asset mining site in Ontario, Canada. The facility will launch with an operational capacity of 16MW, while a...
With high mining costs and falling prices, Bitcoin’s future looks…
Macro trends are continuing to push down on Bitcoin‘s price action, as the top cryptocurrency fell over 8% since news of Russian “military operations” against Ukraine broke. In fact, the king coin saw...
Georgia ready For Crypto Mining, Despite Its consequences
Georgia Is Ready for Crypto Mining Despite Its Growing Power Shortage: Georgia’s crypto mining business has risen to worldwide prominence in recent years, owing partly to cheap taxes and inexpensive p...
Proposed EU Regulations Would Limit Bitcoin, Proof-of-Work Crypto Mining: Report
The European Union (EU) is reportedly drafting regulations that could result in a ban on proof-of-work cryptocurrency mining across the union’s 27 member states. The proposal forms part of the EU’s u...
A Healthy US Bitcoin Mining Industry Could Generate Significant Tax Revenue
Theoretically, the Internal Revenue Service (IRS) could look through every transaction on every blockchain to see profits and losses in each wallet or account. From there, the IRS could figure out the...
Kazakhstan shuts down 13 crypto mining firms for illegal operations
Kazakhstan continues with its fight against illegal cryptocurrency mining firms. 13 crypto mining firms in the country have been shut down for failing to comply with the local regulations. The Ministr...
Bitfury Adds Crypto Mining Facility With 200MW Capacity in Ontario
Amid a Canadian political storm, Bitfury is constructing a crypto mining farm that has a 200MW potential capacity. Brian Brooks-led Bitcoin mining company Bitfury is setting up operations in Ontario, ...
Bitfury Floats 28MW Bitcoin Mining Farm in Canada
Amsterdam-based Bitcoin (BTC) mining company Bitfury has announced the launch of a new data centre in Sarnia, Ontario, with an initial energy generation capacity of 28 MW. As detailed in a press relea...
Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims – Mining Bitcoin News
Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortage...
GreenHashes makes crypto mining easy on phone for everyone
Mining on the phone is one of the ways to mine cryptocurrencies, which involves the use of special software and the use of the power of a mobile device. It differs for availability, a large selection ...
Kazakhstan Terminates 13 Crypto Mining Farms
Kazakhstan’s Ministry of Energy discovered and halted the operations of 13 illegal digital asset mining farms. Those were collectively using an electricity capacity of over 200 megawatts. War on Illeg...
Kazakh officials seize 360 illegal Bitcoin ASICs amid push for higher mining tax
Kazakhstan’s authorities have confiscated 360 specialized Bitcoin ASICs as part of the country’s ongoing campaign to weed out “gray” crypto miners. According to an announcement published by the Financ...
Bitfury Announces New 28MW Crypto Mining Facility in Ontario
Bitfury Group, a cryptocurrency and blockchain company headquartered in Amsterdam, announced today that it has launched a new 28 megawatts (MW) digital asset mining data center in Sarnia, Ontario. The...
Montana Coal Mine Becomes Crypto Mining Facility, but Not Everyone’s Happy
Montana environmentalists aren’t happy about a decommissioned coal mine going into business again, this time as a crypto mining facility. Crypto Mining Rubs Climate Friendly People the Wrong Way Known...
Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms – Mining Bitcoin News
Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced t...
Georgia Is Primed For Crypto Mining, Despite Its Burgeoning Power Deficit
Georgia’s crypto mining economy has evolved into a global leader in recent years, largely because of low taxes and affordable electricity rates, as well as a libertarian regulatory environment. Despit...
Jinhui Mining Gains Nearly 44% In China Stock Debut As IPO Mints New Billionaire
A security officer wearing a face mask walks in front of the Shanghai Stock Exchange building in … [+] Shanghai in 2020. (AP Photo) ASSOCIATED PRESS Shares in Jinhui Mining, a China processor of...
Bitfury opens new crypto mining facility in Ontario » CryptoNinjas
Bitfury Group, a Bitcoin mining and crypto tech company, today announced the launch of a new 28MW digital asset mining data center in Sarnia, Ontario. The facility has commenced operations with an exp...
Bitmain’s BTC mining chip powerful than Intel’s
Mining chip by Bitmain is more powerful than Intel’s The machine will have 75 BonanzaMine ASICs within its structure The market currently lacks competing innovations across verticals Intel (NASDAQ: ...
This Tool Can Unlock Full Mining Capabilities of Nvidia Cards
Alex Dovbnya Will this tool, which circumvents hashrate restrictions on Nvidia’s graphics cards, make cryptocurrency GPU mining great again? A new utility is capable of unlocking the entire hash...
Chinese customs confiscate 49 crypto mining rigs labeled as “shoe material”
TL; DL Breakdown About 49 second-hand crypto mining rigs were seized by Chinese customs in Dongguan and declared “shoe material” for export. The rigs have been held for false declaration and are now u...
Bitcoin mining in Georgia has a lot of scope
Bitcoin mining in Georgia has risen significantly in the last few years The country boasts about abundant hydropower in its terrain 125 MegaWatts of crypto mining capacity is required for management ...
This crypto fund and mining firm are partnering up to decentralize and improve Bitcoin mining
Digital Finance Group (DFG), a global blockchain and crypto investment firm, has announced a $250,000 private investment in Titan Mining. The strategic partnership with the next generation Bitcoin min...
Malaysia records the highest case of illegal Bitcoin mining
Bitcoin mining operations are highly being illegally operated in Malaysia In 2021, Malaysian authorities seized about $12.9 million worth of illegal BTC mining machines The bulk of the mining operatio...
Intel Announces Launch of its New Bitcoin ASIC Mining Processor
Intel joins the cryptocurrency mining arms race with a powerful, energy-efficient new mining ASIC. Intel announced its new mining Application-Specific Integrated Circuit (ASIC) BonanzaMine at the virt...
Intel Reveals ‘Bonanza Mine BMZ1’ Blockchain Accelerator Mining Chip – Bitcoin News
Last week the California-based technology company Intel explained its intentions to develop crypto mining semiconductors that would showcase “1000x better performance per watt.” Now Intel has revealed...
ConocoPhillips Is Selling Energy to a Crypto Mining Firm
ConocoPhillips – one of the biggest producers of oil and gas in the world – is entering the crypto mining space. The company announced early last week that it is heading a bitcoin mining pilot project...