Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation
Signs of BTC accumulation begin to emerge as the network’s hashrate rises and exchange outflows increase in July. Go to Source Powered by WPeMatico
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Ukrainian police seize 3,800 PS4 consoles used for illegal crypto mining
Miners used an empty warehouse of an electricity supply company to plug into the grid and mine crypto on a variety of devices, including gaming consoles. Go to Source Powered by WPeMatico
Green energy-focused Bitcoin miner Hive joins North American mining pool
Hive aims to take advantage of the east-to-west shift in Bitcoin mining power after regulators in China have renewed efforts to crack down on the industry. Go to Source Powered by WPeMatico
Ukraine Uncovers Country’s Largest Illegal Mining Farm to Date
The Security Service of Ukraine (SBU) has located a massive coin minting facility that was illegally connected to the power grid in Vinnytsia. Law enforcement officials claim it’s the largest underground crypto mining farm they have found so far. Ukraine Seizes Thousands of Video Game Consoles Mining Crypto With Stolen Electricity Ukraine’s main law enforcement … Read more
123-Year-Old Hydroelectric Plant Sees New Life Mining Bitcoin — Revenue 3x Higher Than Selling to the Grid
On Thursday local reports from Mechanicville, the city located in Saratoga County, New York, say that an old hydroelectric plant constructed back in 1897 was almost dismantled, but today the plant is mining bitcoins. The Mechanicville facility is considered one of the oldest renewable energy plants in the world, and it’s now making “more money … Read more
US crypto community overtaking Asia, says Mike Novogratz
“China has declared war on crypto as part of this broader cold war that we’re getting into,” Mike Novogratz stated. Go to Source Powered by WPeMatico
US-based Bitcoin miner Gryphon buys 7,200 rigs from Bitmain
Gryphon has doled out $48 million to buy Bitmain’s latest Bitcoin mining hardware set for release in the summer. Go to Source Powered by WPeMatico
Bitcoin electricity consumption falls to November 2020 levels: Data
Bitcoin’s total annual electricity consumption has fallen almost 60% since its all-time peak recorded in mid-May, according to industry data. Go to Source Powered by WPeMatico
Iran pauses electricity exports due to crypto mining and hot summer
Discounted tariffs made Iran attractive to miners, now the country is having a hard time closing the gap between the production and consumption of electricity. Go to Source Powered by WPeMatico
Bitcoin miner revenue jumps by 50% in 4 days since record difficulty drop
It’s a tale of two Bitcoins as active miners reap the benefits while others remain completely offline. Go to Source Powered by WPeMatico