Bitcoin mining finds fresh support from Russian finance ministry
While supporting crypto mining companies, the Russian lawmakers are still not sure whether they should ban individuals from mining crypto. Go to Source Powered by WPeMatico
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Bengal Energy to mine Bitcoin using ‘stranded wells’ in Aussie outback
Canadian oil and gas miner Bengal Energy, is set to begin its trial project of accessing formerly “stranded” gas wells with portable Bitcoin mining rigs. Go to Source Powered by WPeMatico
Malaysia Detains Over 600 People for Stealing Electricity to Mine Cryptocurrency
In the past two years, law enforcement authorities in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies. The country’s police force has also confiscated equipment worth millions of dollars. Malaysia Police Announce Results From Crackdown on Illegal Mining Since 2020, Malaysian authorities have detained a total of … Read more
As Bitcoin’s Hashrate Remains Elevated, BTC’s Mining Difficulty Expected to Reach a Lifetime High
During the last month, Bitcoin’s hashrate has been coasting along above the 200 exahash per second (EH/s) zone, minus a number of drops here and there above and below that range. Following two difficulty changes that saw the difficulty decrease by 1.84%, the network’s difficulty is expected to increase 4.24% within the next 13 hours. … Read more
Russian Ministry of Energy Calls for Urgent Legalization of Crypto Mining
The legal vacuum in the crypto mining sector must be filled “as soon as possible,” according to a statement by Russian Deputy Minister of Energy Evgeniy Grabchak. The government official also called for introducing regional quotas for crypto farms instead of regulating their business at the federal level. Russian Official Proposes Regional Energy Quotas for … Read more
Bosnian court sides with Bitcoin miner in frozen bank account case
The second-largest Italian bank would have to pay $144 million in compensation to the mining farm, the judge rules. Go to Source Powered by WPeMatico
The Bitcoin shitcoin machine: Mining BTC with biogas
A Bitcoin mining facility in Slovakia converts human and animal waste into Bitcoin hash rate, securing the network while mining Bitcoin. Go to Source Powered by WPeMatico
‘Bitcoin in Cowboy County’ — New Documentary to Feature Gas-to-Bitcoin Mining Solutions in Central Wyoming
According to the bitcoin mining operation and mining rig reseller, Compass Mining, a new documentary will be released that covers the bitcoin mining operations in central Wyoming. The documentary, called “Bitcoin in Cowboy County: Wyoming’s Powder River Miners,” will premiere at the Empower Conference in Houston, Texas, on March 31. Compass Mining and JAI Energy … Read more
Russian government official calls to legalize mining ‘as soon as possible’
The quotas and allocations of mining operators should be set by the regional authorities, not federal, the deputy minister says. Go to Source Powered by WPeMatico
Buy pressure ‘in bull market territory’ — 5 things to know in Bitcoin this week
Is it really different this time? Bitcoin is back at the yearly open, but they jury’s out when it comes to what’s next. Go to Source Powered by WPeMatico