Bitcoin mining difficulty drops for fourth time in a row
Bitcoin mining difficulty has posted another negative adjustment on Sunday, with the difficulty rate almost halving since mid-May. Go to Source Powered by WPeMatico
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Paraguayan Lawmakers Present a Very Different ‘Bitcoin Bill’ Than Expected
A group of Paraguayan lawmakers presented a ‘Bitcoin bill’ in the National Congress last week, but it turned out to be a very different proposal than what crypto followers expected. The bill seeks to control and regulate cryptocurrency transactions and establish taxes. There is no mention of declaring bitcoin or any other cryptocurrencies as legal … Read more
Four North American Bitcoin miners that could benefit from the East-West shift
With China seemingly out of the equation, North American Bitcoin miners are looking to exert hash rate dominance. Go to Source Powered by WPeMatico
Ukraine’s ‘Largest Illegal’ Mining Facility May Have Been a FIFA Bot Farm
A data center busted by Ukrainian law enforcement this month for suspected electricity theft may have had a purpose different from mining cryptocurrencies. Ukraine’s security service described the facility as the “largest underground crypto farm” found to date but media reports are challenging that assertion. Ukrainian Company Files Complaints Against SBU Raid on Its Facility … Read more
4 Consecutive Difficulty Drops Make Bitcoin Block Rewards 49% Easier to Find
Following the largest mining difficulty drop in Bitcoin’s history, this weekend will once again see another slide, but less than 6% of the difficulty will be shaved. Statistics show Bitcoin’s hashrate has been able to climb higher since the difficulty drop two weeks ago, and climbed above 100 exahash per second (EH/s) this week. This … Read more
Malaysia is literally crushing thousands of illegal Bitcoin miners
It’s unclear why authorities outright destroyed the miners rather than attempting to reap some value, but they could still be sold for scrap. Go to Source Powered by WPeMatico
New project aims to bring global crypto miners to Russia
Russian crypto advocates are already collaborating with a consortium including some of China’s largest crypto mining-related companies. Go to Source Powered by WPeMatico
Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US
Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s decision to ban bitcoin mining, the company “accelerated” its migration strategy to … Read more
University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%
After the researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project said that the website’s “Bitcoin Mining Map” had not been updated since April 2020, the map has finally been updated. Current data from the mining map shows the coverage goes all the way up until April 2021, and the estimate of China’s hashrate … Read more
Compass Mining Partners With Oklo to Power Bitcoin Mining Operations With Advanced Fission
Bitcoin mining firm Compass Mining announced the company has entered a 20-year partnership with Oklo Inc., a California-based firm that produces clean, emission-free energy via advanced fission. Oklo explains the company is committed to providing 150 megawatts (MW) of clean power to Compass in order to drive bitcoin mining operations. Advanced Fission and Bitcoin Mining … Read more