Winklevoss’ Gemini buys carbon credits to cut Bitcoin’s CO2 footprint
Gemini has partnered with a non-profit to purchase carbon permits from government-related cap-and-trade markets and erase them from circulation. Go to Source Powered by WPeMatico
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After Years of ASIC Manufacturing Canaan Expands to Bitcoin Mining in Kazakhstan
Canaan Inc., the crypto mining rig manufacturer based in Beijing, has announced the company plans to mine cryptocurrencies in Kazakhstan. The company says that the firm’s next-generation Avalonminer mining rigs are already deployed in the world’s largest landlocked country. Canaan Joins the Bitcoin Mining Fray The publicly-listed company Canaan (Nasdaq: CAN) has revealed the firm … Read more
Bitcoin’s Hashrate Drops Below 100 Exahash, Observers Describe China’s ‘Great ASIC Exodus’
Most of the crypto community has been focused on the developments in China and more specifically, the crackdowns against bitcoin miners in Inner Mongolia, Xinjiang, Qinghai, Yunnan, and Sichuan. On Wednesday morning (EST), Bitcoin’s overall hashrate has continued to drop and is now below the 100 exahash per second (EH/s) region. During the last 24 … Read more
Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply
By postponing the sales, Bitmain aims to help miners exiting the industry get better prices for mining equipment. Go to Source Powered by WPeMatico
Chinese crypto mining firm Canaan sets up shop in Kazakhstan amid crackdown
Canaan has started mining Bitcoin with its latest Avalon Miner units in Kazakhstan after setting up a service center in the country earlier this month. Go to Source Powered by WPeMatico
As China Cracks Down on Bitcoin Miners, Stealth Miners and Mystery Hashrate Return
While on the surface it seems officials from five provinces in China have been cracking down on bitcoin miners, no one is quite sure how much hashrate is moving, which pools are affected, or where these miners will end up. A number of mining pools have seen hashpower percentages decline and Bitcoin’s overall hashrate has … Read more
Bitcoin price clings to $32K as on-chain metrics hint at further downside
China’s continued crackdown on Bitcoin mining and OTC transactions, along with prolonged technical weakness, triggered BTC’s drop to a 6-month low. Go to Source Powered by WPeMatico
With crypto mining banned in Iran, local authorities seize 7K rigs
The police chief of Tehran said authorities had raided 50 locations across the Iranian capital in the last 48 hours, discovering 3,000 illegally operating crypto miners. Go to Source Powered by WPeMatico
Iran Seizes 7,000 Bitcoin Mining Machines
Iranian police have reportedly seized 7,000 bitcoin mining machines operating illegally in the country. The machines were found in an abandoned factory west of the capital. 7,000 cryptocurrency mining machines have been seized by Iranian authorities, state news agency IRNA reported Tuesday, noting that this is Iran’s largest seizure of cryptocurrency mining machines to date. … Read more
Bit Mining Moving 3,000 Bitcoin Mining Machines to Kazakhstan Following China Crackdown
Shenzhen-based Bit Mining has started shipping bitcoin mining machines to Kazakhstan as the Chinese government cracks down on bitcoin mining operations in the country. Bit Mining Ltd., a mining company based in Shenzhen, announced Monday that “it had successfully delivered its first batch of mining machines to Kazakhstan.” The company explained that bitcoin mining machines … Read more