China might have labeled Bitcoin and cryptocurrency mining “obsolete” in the country. But its exit from the sector has proven to be a boon for countries like the USA, Russia, and Kazakhstan where most...
Tag: Mining
Payments Giant Block to Build Open-Source Bitcoin Mining System
Block, formerly known as payments company Square, is going ahead with its plan to build an open-source bitcoin mining system, according to a Tweet from Thomas Templeton, Block’s general manager ...
Jack Dorsey’s Block To Democratize Bitcoin Mining With Open Source Mining System
Block, formerly known as Square, is working on an open-source bitcoin mining system, according to CEO Jack Dorsey. He referenced a more detailed thread on the project’s objectives by the company’s gen...
Jack Dorsey Says Block, Formerly Square, Is Getting Into Bitcoin Mining
In brief In October, Dorsey said the company was looking into building a Bitcoin mining system. It’s now putting together a team to build it. In October, Square CEO Jack Dorsey let loose that th...
Georgia Goes After Crypto Miners Using Subsidized Electricity in Historic Town – Mining Bitcoin News
A record high consumption of electricity blamed on illegal crypto farms in northwestern Georgia has caught the attention of authorities in the capital Tbilisi. The central government and the local uti...
BTC mining firm Luxor starts an ASIC trading desk
TL;DR Breakdown On JAN. 11, 2022, BTC mining firm Luxor announced the launch of its ASIC trading desk. The mining firm plans to use this desk to provide BTC miners with ASIC mining equipment at afford...
Bitcoin Mining Firm Luxor Launches ASIC Trading Desk – Mining Bitcoin News
On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s ne...
Mining Ethereum with the Tesla Model 3
Siraj Raval revealed how much he earns mining Ethereum with his Tesla Model 3. Ethereum mining with a Tesla Raval is a Chief Data Scientist, as well as a YouTuber, and some time ago he installed a sm...
Kosovo enforces anti-crypto mining law by seizing over 600 machines in 2022
TL;DR Breakdown • Regulators in Kosovo created an anti-cryptocurrency law on January 4.• Cryptocurrency market recovers from its bearish streak despite restrictions in Europe. Crypto mining has reache...
FCX Stock Leads Mining Stock Rally; BHP Breaks Out
FCX stock, BHP (BBL), Southern Copper (SCCO) and Teck Resources (TECK) raced higher on Wednesday as the copper futures price jumped near a three-month high. The metal considered by many to be an econo...
Crypto Mining Saves A Hydro Power Plant In Costa Rica
Green energy powers most of Bitcoin mining and the world might as well face it. And the rest of the cryptocurrencies that use Proof-Of-Work might be right behind, because they follow the same incentiv...
Bitcoin Mining Operations in Kazakhstan Restore 90% of Production but Hashrate Still Lagging
Major bitcoin mining firms in Kazakhstan have restored between 80% to 90% of production after days of rioting, according to Alan Dordjiev, head of the Kazakh National Association of Blockchain and Dat...
Hydroelectric Plant Powering Crypto Mining Operations in Costa Rica
One hydroelectric power plant in Costa Rica has been repurposed to power several cryptocurrency mining operations. The facility is based on the Poas River around 35 kilometers from the capital, San Jo...
Constellation Network launches pre-order for retail traffic crypto mining hardware product » CryptoNinjas
Constellation Network, a Web3 blockchain ecosystem that bridges crypto economies with traditional businesses, announced the pre-sale of its first hardware product, the Dôr Traffic Miner. This device d...
Will Spain host Kazakhstan’s Bitcoin mining farm?- The Cryptonomist
Since protests broke out in Kazakhstan some local Bitcoin mining farms have had to close their doors. Now they might move to Spain. Bitcoin mining from China to Kazakhstan In fact, the Kazakh authori...
Block wants to develop ASICs for Bitcoin mining
Jack Dorsey‘s plan to create a Bitcoin mining company seems to be taking shape with Block, which has replaced Square. Block looking for a Bitcoin mining expert After the anticipation of mid-October, ...
Jack Dorsey’s Company Hiring for Bitcoin Mining Experts
Former Twitter CEO and co-founder of Block Jack Dorsey continues to pursue bitcoin (BTC) mining plans as his company moves to hire a Custom Digital Design Lead. Block Advertises Bitcoin Mining-related...
Kosovo confiscates over 300 crypto mining devices after crypto mining ban
Crypto mining activities have continued to face increased regulatory risk. Authorities in Kosovo had confiscated more than 300 cryptocurrency mining machines. The move comes as the country seeks to en...
Bitcoin mining recovers as Kazakhstan is back online, but at what cost?
TL;DR Breakdown Major Bitcion mining pools have recovered almost 9% as internet is restored in Kazakhstan. There are growing allegations of human rights violation and social media outrage against the ...
Kosovo Police Confiscates Hundreds of Cryptocurrency Mining Machines
As a result of several police actions, the Kosovo authorities seized more than 300 cryptocurrency mining devices. According to the nation’s Minister of Energy and Economy, the seizure will save “tens ...
1,000 Bitcoin Added to Treasury as BTC Falls While Mining Hardware Prices Remain High – Mining Bitcoin News
Global bitcoin mining company Bitfarms has bought the dip and added 1,000 bitcoins to its balance sheet while the prices of mining hardware remain high. The company’s corporate treasury now holds more...
Kosovo Police confiscate over 300 crypto mining rigs amid energy crisis
The Kosovo Police force has seized more than 300 crypto mining rigs days after announcing a crackdown. A report unveiled this news earlier today, citing three separate announcements by the law enforce...
Mining Giant Bitfarms Increase BTC Holdings to 4,300, now worth over $175 million
Bitcoin mining firm, Bitfarms Limited (BITF), bought 1000 Bitcoins in the first week of January. The purchase which cost $43.2 million brings the firm’s Bitcoin holdings to over 4300 Bitcoins. Bitfarm...
Forsythe, GA Is Set to Get a New Crypto Mining Facility
The town of Forsyth, Georgia is about to get a whole new cryptocurrency mining facility, but unfortunately, not all the residents are taking the news well. Forsyth, Georgia Will Be a New Crypto Haven ...
Kazakhstan Is Stabilizing, Government Claims as Crypto Miners Look to Future in Country – Mining Bitcoin News
The situation across Kazakhstan, hit by anti-government protests in the first week of the year, is normalizing, central authorities claim. The country’s massive crypto mining industry, which faced an ...
Kosovo Police Seize Hundreds of Bitcoin Mining Machines Amid Electricity Shortages
Police in Kosovo reported the seizure of more than 300 Bitcoin mining devices since the raids against miners began last week. On January 6, police said it confiscated 67 mining devices “suspected to b...
Spanish Lawmaker Tables a Proposal to be Bitcoin Mining Hub after Kazakhstan Internet Shutdown
Maria Munoz, a member of the Congress of Deputies, seeks to make Spain a Bitcoin mining hub while the turmoil is still rocking Kazakhstan. Munoz pointed out: “The protests in Kazakhstan have rep...
Electric Car Owner Says His Hacked Tesla Model 3 Mined up to $800 a Month Mining Ethereum – Mining Bitcoin News
According to the 2018 Tesla Model 3 owner, Siraj Raval, he mined up to $800 a month in crypto assets with his hacked-out electric car. Similarly, Chris Allessi, the owner of a Tesla Model S tethered a...