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Iran is using Bitcoin mining to circumvent and lessen the effect of the economic sanctions that the U.S. and other countries have applied to the country since 2006, according to a new study by Elliptic, a blockchain analytics and financial crime compliance firm. The country is indirectly using bitcoin mining to export part of its … Read more
A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the sector closely. The report follows a recent article from Reuters published three days ago, which also reiterates China’s older warnings against the crypto industry. Chinese Government Report Mentions Bitcoin Mining, … Read more
Iran has reportedly enlisted the help of intelligence officials to track down illegal cryptocurrency mining farms. Go to Source Powered by WPeMatico
BitMEX is responding to increased scrutiny of crypto’s high energy consumption levels by pledging to go carbon neutral. Go to Source Powered by WPeMatico
Vitalik Buterin thinks crypto is in a bubble, but doesn’t have a prediction of when it will pop and he believes there is a “possibility” Ethereum will overtake Bitcoin in the future. Go to Source Powered by WPeMatico
On Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center located in Texas. The binding investment worth $25 million is with Dory Creek, LLC as the two companies will construct and operate a 57.2 MW mining facility powered by 85% … Read more
While bitcoin prices plummeted this week, the network’s hashrate has also dropped considerably since tapping a high on May 9. Since then, the hashrate has seen swings between 10-15% because of the crypto market downturn, alleged issues with power outages in Sichuan, China, and the upcoming difficulty change. Similar to the Price, Bitcoin Hashrate Sees … Read more
A major chipmaker keeps making efforts to calm down the gaming community’s anger toward cryptocurrency miners who are taking the lead in buying graphic cards massively, boosting its prices. Nvidia has announced that it will deliberately limit the capabilities for some of its newly graphic cards to keep a balanced inventory for gamers. Cards With … Read more
The global head of GeForce marketing at Nvidia said that the reduced hash rate “only applies to newly manufactured cards,” not to GPUs already purchased. Go to Source Powered by WPeMatico
The largest Bitcoin mining pools are signaling for Taproot but the activation may not reach the 90% critical consensus mark during this current difficulty epoch. Go to Source Powered by WPeMatico