Georgia crypto mining’s potential: What’s driving growth in the industry?
A combination of laissez-faire factors has created a beneficial environment for cryptocurrency mining in Georgia. Go to Source Powered by WPeMatico
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US lawmakers sound alarm to EPA over environment concerns of crypto mining
In addition to air and water pollution as a result of energy production, the lawmakers pointed to electronic waste from mining rigs, and noise pollution in surrounding communities. Go to Source Powered by WPeMatico
US Sanctions Bitriver, Targets Russia’s Crypto Mining Potential
In an attempt to deny Russia opportunities to evade sanctions through cryptocurrencies, the U.S. Department of the Treasury has sanctioned leading Russian mining firm Bitriver. The move comes amid concerns that Moscow may use the minting of digital coins to monetize its energy resources. Zug-Based Bitriver and Its Russian Subsidiaries Blacklisted by United States The … Read more
Russian central bank needs to ease up digital asset projects, governor says
Elvira Nabiullina is concerned about the Bank of Russia not treating digital asset projects softly enough to attract funding and maintain the economy. Go to Source Powered by WPeMatico
US Treasury Dept lists crypto mining firm in latest sanctions against Russia
“The United States is committed to ensuring that no asset, no matter how complex, becomes a mechanism for the Putin regime to offset the impact of sanctions,” said Treasury. Go to Source Powered by WPeMatico
Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says
Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and circumvent sanctions, the International Monetary Fund predicts in a report. Repercussions of the war in Ukraine continue to reverberate globally and cryptoization is one of the effects, the IMF says. War, Sanctions Lead to Wider Spread of Crypto Assets, Report … Read more
Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design
Following Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new miners as well. Revealed during the Bitcoin 22 conference in Miami, Microbt showcased the company’s new Whatsminer M50 series, which offers hashrate speeds of up to 126 terahash per … Read more
Here’s how Ether options traders could prepare for the proof-of-stake migration
Ethereum Foundation members expect “the merge” to happen before year-end, and savvy options traders will profit using this options strategy. Go to Source Powered by WPeMatico
Decred price soars 45% in one day three weeks before a major hard fork
The upcoming Decred hard fork also plans to increase DCR rewards for PoS validators from 30% to 80%. Go to Source Powered by WPeMatico
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