Chinese Bitcoin miners ‘not even in the mood to drink anymore’
Many Bitcoin miners in China are down with the blues as Beijing forces several operations to go offline. Go to Source Powered by WPeMatico
crypto mining
Auto Added by WPeMatico
A ‘seismic mining shift’ may be driving Bitcoin price below $30K: Report
The benchmark cryptocurrency slipped briefly under the $29,500-level this Tuesday as a Glassnode report indicated possibilities of miner capitulation in China. Go to Source Powered by WPeMatico
Miami mayor offers city’s clean nuclear power to Chinese Bitcoin miners
Mayor Francis Suarez wants to make Miami a Bitcoin mining hub by offering the city’s cheap, clean nuclear energy supply. Go to Source Powered by WPeMatico
Persian Gulf Island to Become Crypto Exchange Hub, Iran Minister Proposes
Iran’s information technology minister has pitched the idea of transforming the Persian Gulf island of Kish into an international center for cryptocurrency exchanges. Iranian authorities plan to create a financial free zone in the territory which has already attracted cryptocurrency miners. Iran ICT Minister Says Gulf Island of Kish Has What It Takes to Be … Read more
Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on Mining
Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. Over 300 Mining Rigs Cut Off From Electricity Supply in Abkhazia … Read more
Crypto miners eye cheap power in Texas, but fears aired over impact on the grid
Miners dislocated by China’s crackdown are looking to Texas for cheap electricity, but the state’s grid is already on the brink of disaster amid a sweltering summer. Go to Source Powered by WPeMatico
Bill banning crypto mining for 3 years dies in NY state assembly
The NY state assembly needs to approve any bill or propose amendments before it can be signed into law by Governor Andrew Cuomo. Go to Source Powered by WPeMatico
Bitcoin Mining Firm Hut 8 Approved to List on Nasdaq
Major North American bitcoin mining firm Hut 8 Mining has been approved for listing on Nasdaq under the ticker symbol HUT. The company is also listed on the Toronto Stock Exchange (TSX). Hut 8 Mining Corp. announced Thursday that its common shares have been approved to list on the Nasdaq Global Select Market (Nasdaq) under … Read more
Iran Seizes 3,000 Crypto Mining Devices in a Week
Authorities in Iran have confiscated 3,000 units of mining hardware in just one week as part of a push to curb illegal crypto mining amid power shortages and blackouts. In a single year, Iranian law enforcement has shut down over 180 crypto farms in Tehran Province alone. Over 500 Crypto Mining Rigs Confiscated in Tehran … Read more
Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021
Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much larger yields. Blake256R14 and Ethash Machines Pull … Read more
