Iran to stiffen penalties for illegal use of subsidized energy in crypto mining
The fines will reportedly triple compared to current rates, while repeated violations will lead to jail time. Go to Source Powered by WPeMatico
Bitcoin Mining
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Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per day in profits. SHA256 bitcoin miners that can process at speeds up to 110 terahash, … Read more
Bitcoin Mining Difficulty Drops for the Third Time in 2022, Just Over 100K Blocks to Go Until the Halving
Bitcoin miners have received their third break this year as the network’s mining difficulty adjusted downward by 1.26% on April 14 at block height 731,808. Currently, miners have more than 200 exahash per second (EH/s) in computational power dedicated to mining the Bitcoin blockchain as hashrate increased after the difficulty reduction. Additionally, bitcoin miners have … Read more
Argentinian town to invest in crypto mining to fight inflation and upgrade infrastructure
A 6000-strong community hopes to raise funds by immediately selling the mined crypto to avoid price volatility. Go to Source Powered by WPeMatico
13,233 Blocks Found by 16 Pools — A Look at the Top Bitcoin Mining Pools in Q1 2022
During the first quarter of 2022, Bitcoin’s hashrate averaged between 180 to 200 exahash per second (EH/s) and during the course of that time, 13,233 block rewards were found by 16 mining pools. According to three-month statistics, Foundry USA was the network’s top mining pool in terms of hashrate percentage, as the bitcoin mining operation … Read more
Grassroots initiatives are bringing Bitcoin education to communities across America
Members of America’s crypto community aim to teach financial literacy by discussing Bitcoin at local meetups and neighborhood “corner classes.” Go to Source Powered by WPeMatico
BTC stocks correlation ‘not what we want’ — 5 things to know in Bitcoin this week
Can anything save Bitcoin from a stocks-driven meltdown? Not everyone is bearish this week. Go to Source Powered by WPeMatico
Russian Finance Ministry Amends Bill ‘On Digital Currency,’ Adds Crypto Mining Provisions
The Ministry of Finance of the Russian Federation has revised a draft law designed to regulate the country’s crypto space, introducing provisions for cryptocurrency mining. The bill has been resubmitted to the government and may be adopted during the parliament’s spring session. Updated Law ‘On Digital Currency’ Filed With Russian Government Russia’s Ministry of Finance … Read more
Seven times Bitcoin miners made the world a better place
BTC mining and the miners, themselves, seem to be doing more than just securing the Bitcoin network. Go to Source Powered by WPeMatico
Compute North Reveals Bitcoin Miner Is Building a 300 MW Data Center in Texas
The bitcoin mining operation Compute North has announced it is in the midst of constructing a 300-megawatt (MW) data center in Granbury, Texas. According to the mining firm, the data center located near Wolf Hollow Power Plant will be scalable up to 600 MW going forward. 300 MW of Capacity to Start, 600 MW in … Read more