Ban less likely? Putin says crypto mining has advantages in Russia
Putin says that a surplus of electricity and well-trained personnel gives Russia a “competitive advantage” in crypto mining. Go to Source Powered by WPeMatico
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Valkyrie Files for ETF That Invests in Firms That Derive 50% Revenue From Bitcoin Mining Industry
The digital currency asset manager Valkyrie has applied for an exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The fund plans invest at least 80% of its net assets into firms that derive at least 50% of their revenue from the bitcoin mining industry. Valkyrie’s Proposed ETF Targets the Bitcoin Mining Industry … Read more
Valkyrie aims for ETF linked to Bitcoin mining firms on Nasdaq
The proposed ETF would invest at least 80% of its net assets in securities of companies that “derive at least 50% of their revenue or profits” from BTC mining. Go to Source Powered by WPeMatico
Kazakhstan Shuts Down Crypto Mining Farms Till February
Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the country faces electricity shortages blamed on crypto mining and blackouts in the cold winter months. Crypto Miners in Kazakhstan Left Without Power Bitcoin mining facilities … Read more
Belarus to Remain Crypto-Friendly as Ally Russia Mulls Blanket Ban
Authorities in Belarus have no intentions to adopt stricter rules for the country’s crypto space. That’s despite neighboring Russia, a close partner in many areas, considering a blanket ban on а number of activities related to cryptocurrencies as suggested by the central bank in Moscow. Belarus to Keep Favorable Crypto Regulations Officials in Belarus do … Read more
Yet another solo Bitcoin miner solved a valid block, earning a reward worth over $220,000
Mining bitcoin without any help from a larger pool has become an increasingly-improbable feat over the last decade. Go to Source Powered by WPeMatico
Crypto Ban Proposed by Bank of Russia Met With Opposition in Parliament, Government
The central bank’s push for a restrictive policy regarding cryptocurrencies is not gaining support among members of the Russian government, legislature, or law enforcement. A blanket crypto ban, as proposed by the bank, would make a laughingstock of Russia, lawmakers have warned. Bank of Russia’s Hardline Stance on Crypto Rejected by Other Russian Institutions The … Read more
US Still Dominates Bitcoin Mining Sector, 30-Day Stats Show Foundry USA Takes Top Pool Position
Since the Cambridge Bitcoin Electricity Consumption Index (CBECI) project updated its mining map in mid-July, the United States has continued to dominate in terms of the amount of hashpower worldwide. Moreover, data shows that Foundry USA has managed to command the top pool position with 755 bitcoin block rewards mined during the last 30 days. … Read more
Fitch Ratings warns of risks crypto miners pose to US power supply
“Crypto mining operations are price-sensitive entities that may be quickly scaled back or shut down if mining becomes uneconomical,” said the agency. Go to Source Powered by WPeMatico
Bitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double the Power of Today’s Top Machines
One of the largest bitcoin mining rig manufacturers in the world, Bitmain announced the launch of a new bitcoin miner that boasts speeds of up to 198 terahash per second (TH/s). The new model is called the Antminer S19 Pro+ Hyd. and it leverages liquid cooling technology in order to improve overall efficiency. Bitmain’s Latest … Read more