The Iranian authorities will reportedly impose harsher penalties on illegal cryptocurrency miners as some operators could even go to jail. Before that, the officials banned all digital asset mining endeavors during the winter season, claiming this could reduce the pressure on the nation’s electricity network during the coldest months of the year. Iran’s Intolerance of...Read More
A PC gaming electronics researcher made headlines in the PC world this week after finding a way to boost the computational efficiency of the Nvidia RTX 3090 card per kWh. That could save the GPU crypto mining community some coin on the electric bill. In Chemnitz, Germany, a one-man hobbyist PC gaming researcher by the...Read More
Once considered an attractive country for Chinese Bitcoin miners after the country’s crackdown on any BTC mining activity, Kazakhstan now seems to be set to creating new taxes that will negatively impact the industry. On April 14, the Minister of National Economy, Alibek Kuantyrov, said in a government briefing that his team is working on...Read More
Russia’s Ministry of Finance has reportedly finalized its cryptocurrency regulation bill and is ready to apply it soon. The legislation particularly touches upon digital asset mining as experts believe it will create new opportunities for participants. On the other hand, it might drive investors to “the black market.” It Is High Time for Some Clarity...Read More
The newly developed processor for the proof-of-work algorithm can deliver up to 580 GH/s hash rate and can operate up to 26 J/TH power efficiency. The tech giant believes the new processing chip, Blockscale ASIC, will be a gamechanger that empowers blockchain applications to maintain decentralization via proof-of-work while asserting the principle of environmental sustainability....Read More
According to a recent report from Arcane Research, Norway has become an attractive hub for the Bitcoin mining industry. Not only does the nation produce close to 1% of the global hash rate, but it is entirely powered by renewable energy. Why Norway? When Norway is mentioned in the context of BItcoin, it is often...Read More
The US-based cryptocurrency mining and infrastructure startup – Prime Blockchain Inc. (PrimeBlock) – will reportedly become a publicly-traded company. The organization plans to merge with a blank-check firm in a $1.25 billion deal, including debt. According to a recent Reuters coverage, bitcoin mining company – PrimeBlock – will soon start trading as a publicly-traded company...Read More
As of Friday, the 19 millionth Bitcoin was officially mined, leaving only 2 million left to enter circulation. The Bitcoin network regularly produces new coins each time a block of transactions is added to its ledger. Each block is produced through a process called “mining”, whereby users race to solve a mathematical problem for completing...Read More
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 a portable building (known as “donga”) near the Cooper Basin. Bengal Energy Jumps Into BTC Mining Cryptocurrency mining has been a...Read More
Exxon Mobil – a major multinational oil and gas corporation – is considering leveraging Bitcoin mining to make an even greater profit from excess oil production. The company may take its gas-to-Bitcoin pilot to multiple countries, after already using 18 million cubic feet of gas per month for this purpose. A Clever Use for Bitcoin...Read More
Pennsylvania-based cryptocurrency mining company – Stronghold Digital Mining – reportedly employs coal waste to power its hundreds of supercomputers. Thus, the company aims to use a byproduct instead of harming the US national energy network. SDM Uses Coal Waste Bitcoin mining is an energy-intensive process, and many critics claim it damages the environment and harms...Read More
Global investment manager, VanEck has launched Digital Assets Mining ETF under the ticker signal “DAM.” The latest exchange-traded fund is tailored to provide investors exposure to firms involved in the digital assets mining ecosystem. Digital Assets Mining ETF (DAM) According to the official document, DAM will invest at least 80% of its total assets in...Read More
Dallas-based cryptocurrency mining organization – Blockmetrix – disclosed it had raised $43 million in a Series B investment round. Thus, the company’s total venture funding reached $50 million. Blockmetrix Stepping up According to the announcement, the fresh financing included investors from the United States, Australia, and several nations in Asia. Blockmetrix vowed to employ the...Read More
Crypto miner Hive Blockchain has announced a Supply Agreement with Intel to buy new ASIC chips. Pitched as “high-performing,” these chips will be incorporated into mining equipment that will be custom-made for Hive. The company has also struck a manufacturing deal with an ODM (original design manufacturer) that focuses on electronics manufacturing.d Intel Supply Agreement...Read More
Malaysia’s national electricity utility is ramping up plans to halt electricity theft which has reportedly been on the rise. This has to do with Bitcoin mining which is supposedly also catching speed. Electricity theft in Malaysia is supposedly a serious issue. According to a report from late January this year, the local government is thinking...Read More
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 an additional 12MW will be added by the end of May. Bitfury’s Next Mining Center The technology company focused on digital asset mining...Read More
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 Illegal Miners The central Asian country was torn by protests at the beginning of 2022 when thousands of residents occupied the streets to fight against the...Read More
Right after China slapped a ban on Bitcoin (BTC) mining, the operations have started to spread worldwide and invade not-so-friendly territories. In Malaysia, illegal crypto mining operations are at a record high. Drastic Rise in Bitcoin Mining Bukit Aman Criminal Investigation Department (CID) chief Datuk Seri Abd Jalil Hassan revealed that in 2021 alone, Malaysia...Read More
Intel Corp on Friday announced the launch of an energy-efficient super-fast processing chip for blockchain applications. Billed to be 1000x faster than its nearest rivals, Intel’s “blockchain accelerator” will be available to its customers later this year. Intel’s foray into blockchain processing chip making The official release by Raja M. Koduri, Senior Vice President, General...Read More
The Central Bank of Hungary joined the growing number of central monetary entities believing that bitcoin trading and mining should be banned. Similar to most bashers, the organization’s Governor asserted that cryptocurrencies could facilitate illegal activities. In a press conference on February 11th, György Matolcsy, the current Governor of the Hungarian central bank, urged the...Read More
The State of Georgia might become the next hub for cryptocurrency miners as it provides relatively low electricity prices and a large amount of nuclear and solar power, a new coverage revealed. Furthermore, local regulators have shown a friendly stance towards this side of the digital asset industry. Can Georgia Become The Crypto Mining Capital...Read More
Individuals have been turning to small USB-based mining rigs, and some have been hitting the jackpot. These tiny miners have been growing in popularity, and solo mining pools have sprouted up to cater to the increasing number of individuals getting back into Bitcoin mining. According to a computer hardware outlet, Tom’s Hardware, one miner recently...Read More
Investors of Core Scientific Inc. (a leading US bitcoin mining company) have reportedly approved a plan to get listed on Nasdaq. The firm started trading under the symbol CORZ. Nasdaq’s Newest Member According to a recent report by Bloomberg, the blockchain infrastructure provider – Core Scientific Inc. – will proceed through an estimated $4.3 billion...Read More
Intel – the world’s second-largest semiconductor chip manufacturer – appears to be planning a Bitcoin mining chip reveal. At this year’s ISSCC conference, the organization has a presentation scheduled under the “Highlighted Chip Releases” category to showcase a “Bonanza Mine” processor. The Bonanza Mine Processor As reported by Tom’s Hardware, Intel describes the chip as...Read More
Reports emerged indicating that the Chinese officials are keeping a close eye on cryptocurrency activities and are applying innovative strategies to tackle virtual currency money laundering. “An Important Breakthrough” According to the Chinese state-owned broadcaster, CCTV (controlled by the CCP), the country’s Ministry of Public Security has solved 259 cases that involve cryptocurrency money laundering....Read More
The popular payments company, formerly known as Square, is venturing into the Bitcoin mining business, as confirmed by the boss in a tweet on January 14. Block’s general manager for hardware, Thomas Templeton, stated that the firm was hiring a team in an effort to make mining “more distributed and efficient in every way, from...Read More
Another miner using measurably less hashrate compared to big mining operations defied astronomical odds and managed to mine a block on Bitcoin’s network, pocketing the 6.25 BTC reward, currently worth slightly more than $270K. This Tuesday, as reported by CryptoPotato, an individual or an organization with a computing power of just 126 terahashes per second managed to...Read More
In what can be described as an uncommon scenario, a small bitcoin miner got the block reward of 6.25 BTC. An individual with computing power of just 126 terahashes per second (TH/s). The solo miner, even with the small hashing power, was able to win the block race and receive the 6.25 BTC reward. The...Read More
The price of Bitcoin has been declining steadily as of late, and some have decided to take this opportunity and add to their positions. Toronto-based BTC miner Bitfarms becomes the latest to do so. According to an official press release shared on Monday, January 10th, the Toronto-based Bitfarms – a Bitcoin self-mining company – has...Read More
Spanish politician and deputy of the Ciudadanos in the country’s Congress, María Muñoz, has proposed the creation of a national strategy to attract Bitcoin miners and other crypto-related activities following the protests in Kazakhstan. María Muñoz took it to Twitter yesterday to bring up a proposition where Spain positions itself as a future Bitcoin mining...Read More
