Marathon buys 30,000 more Bitcoin miners, targets 13.3 EH/s hashing power
The company’s bid to become the largest Bitcoin miner in the United States could be achieved by 2022. Go to Source Powered by WPeMatico
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Bitcoin Difficulty Increases 6% — It’s Still 48% Easier to Find BTC Blocks Than It Was 30 Days Ago
As expected, Bitcoin’s mining difficulty increased this week jumping 6.03% higher on July 31. The change marks the first increase out of five difficulty adjustment changes. This was after four downward difficulty drops made it 54% easier to mine bitcoin than it was prior to mid-May. Bitcoin’s Mining Difficulty Increases 6%, Difficulty Is Expected to … Read more
IT Specialist Caught Mining Cryptocurrency at Police Headquarters in Poland
Polish police have uncovered a secret crypto mining operation at their headquarters in Warsaw, local media reported. An IT specialist accused of minting digital coins on police computers has been dismissed and the case has been handed over to the Prosecutor’s Office. Polish Police Force Fires IT Specialist for Crypto Mining at Work Officers from … Read more
Bitcoin Mining Operation Reveals Plans to Convert Coal Ash Landfill Into Solar Farm
Following the announcement from Greenidge Generation Holdings that detailed the company would be promoting a carbon-neutral stance, and the firm’s recent partnership with Foundry, Greenidge revealed on Thursday it is investing profits into a renewable energy investment program. The company is in the midst of expediting the closure of a coal ash landfill in order … Read more
Taxpayers to avoid obligations by sending mining proceeds to IRAs
The IRS has considered crypto mining revenue as part of taxable income since 2014. Go to Source Powered by WPeMatico
Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan
Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys New Cryptocurrency Miners for Data Centers in Kazakhstan … Read more
Genesis Digital Assets raises $125M as mining sector pivots to the west
Genesis plans to more than triple its hashing capacity from 2.6 EH/s to 8.1 EH/s. Go to Source Powered by WPeMatico
BIT Mining steps up Bitcoin mining operations in Kazakhstan
The mining firm’s expansion into Kazakhstan follows plans to introduce new energy fees for crypto miners starting in 2022. Go to Source Powered by WPeMatico
Iran Raises Alarm Over Potential Influx of Miners From China
With the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions. Providing low-cost energy, Iran has emerged as a prospective destination. However, the country’s state-owned power utility has expressed concerns over a possible influx of miners and illegal imports of mining hardware from China. Tavanir Warns … Read more
Bitcoin Mining Difficulty Parameter Set to Increase for the First Time in 8 Weeks
Bitcoin’s hashrate has slowly crept back up between 85 exahash per second (EH/s) to 125 EH/s on July 14. The increase in hashpower has made it so the next mining difficulty change will increase for the first time in eight weeks. The four consecutive difficulty drops turned out to be the largest slide in Bitcoin’s … Read more