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It’s unclear if the shutdowns are due to orders passed down from above or the result of China’s announced regulatory crackdown on crypto miners. Go to Source Powered by WPeMatico
On Wednesday, the North American bitcoin mining operation Blockware Mining announced the firm closed a $25 million investment round. According to the company, Blockware Mining aims to leverage the financing to expand operations “beyond its currently installed North American footprint.” Blockware Raises $25 Million, Purchases 14,000 ASIC Miners Blockware Mining, a bitcoin mining infrastructure and … Read more
The great hash rate plunge caused by an exodus of miners from China shows large scale Proof-of-Work mining facilities are vulnerable to regulation. Go to Source Powered by WPeMatico
The U.K.-based mining firm’s announcement comes amid the country’s Financial Conduct Authority cracking down on crypto exchanges. Go to Source Powered by WPeMatico
Advertisements for small-scale hydro plants have reportedly surged on Chinese secondhand e-commerce platforms. Go to Source Powered by WPeMatico
The Puell Multiple just flashed a buy signal for the fifth time in BTC’s history, but its creator cautions that a plunging hashrate and China’s miner purge are important factors to consider. Go to Source Powered by WPeMatico
Hut 8 CEO Jaime Leverton said the firm was on track to mine up to 3 additional BTC per day by the end of August. Go to Source Powered by WPeMatico
Tehran province, which houses the country’s capital, was awarded only one license for operating a crypto mining center. Go to Source Powered by WPeMatico
On Saturday, Bitcoin’s SHA256 hashrate managed to climb back above the 100 exahash per second region after it slid to a low of 91 EH/s three days ago. Meanwhile, in five days the network’s mining difficulty change is approaching and it could see the difficulty drop over 20%. Bitcoin Hashrate Climbs Back Above 100 EH/s, … Read more
An exploration into the country’s crypto landscape today and what it means for the future of the digital asset industry in Canada. Go to Source Powered by WPeMatico