Category: Bitcoin Miners

Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals

Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals

China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest share among several attractive destinations, including the U.S. Russia, Kazakhstan, US Accept […]

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Norway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining

Norway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining

The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a European ban on proof-of-work mining. The European Commission has revealed it is already working to promote a transition to “more sustainable” protocols. Extensive Use of Renewable Energy for Mining Is […]

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Hive Blockchain Secures Order for 6,500 Next-Generation Bitcoin Miners From Canaan

Hive Blockchain Secures Order for 6,500 Next-Generation Bitcoin Miners From Canaan

On October 29, the publicly listed firm Canaan announced the mining manufacturer has secured a follow-on purchase order from the mining operator Hive Blockchain for 6,500 units of Canaan’s next-generation Avalon mining rigs. Hive expects to increase the operation’s hashrate from 1.2 exahash per second (EH/s) to 3 EH/s by March 2022. Hive Secures an […]

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Kyrgyzstan Raises Electricity Rates for Cryptocurrency Miners

Kyrgyzstan Raises Electricity Rates for Cryptocurrency Miners

The government of Kyrgyzstan has recently revised its electricity tariffs for various groups of consumers. Authorities in Bishkek have raised the rates at which crypto mining businesses buy power citing the energy-intensive nature of the coin minting process. Crypto Miners in Kyrgyzstan to Pay More for Electricity Companies operating crypto mining facilities in Kyrgyzstan will […]

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Northern Data AG Acquires Bitcoin Miner Bitfield — 33,000 Miners Gained in Stock-for-Stock Deal

Northern Data AG Acquires Bitcoin Miner Bitfield — 33,000 Miners Gained in Stock-for-Stock Deal

On Monday, the high-performance computing (HPC) infrastructure provider and bitcoin mining firm Northern Data AG announced the acquisition of the bitcoin mining operation Bitfield N.V. in a stock-for-stock deal. Northern Data says the company will obtain 33,000 of the latest generation ASIC bitcoin miners from the arrangement. Northern Data AG Acquires Bitfield N.V. — Firm […]

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Bitcoin (BTC) to $53,000 As Exchange Balance Hits 2021-Low, Miners Taking Profits

Bitcoin (BTC) continues to inch further to the north moving closer all the way to $53,000. The world’s largest crypto is heading to $55,000 levels after giving a strong breakout and closing for the last week. As of press time, Bitcoin (BTC) is trading 2% up at a price of $52,850 and a market cap […]

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Oil Producers and Bitcoin Miners Meet in Texas to Discuss Cooperative Mining Possibilities

Oil Producers and Bitcoin Miners Meet in Texas to Discuss Cooperative Mining Possibilities

A meetup in a vehicle warehouse in Houston served as an encounter point for oil producers and bitcoin miners to talk about possible on-site crypto mining opportunities last week. More than 200 investors attended the meeting to talk about an alliance, that would allow oil producers to make more efficient management of their resources and […]

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Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New Life

Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New Life

The price of bitcoin has dipped a hair in value this past week, but the crypto asset is still up 14.4% over the course of the last month. Statistics show that Bitcoin’s hashrate has seen a resurgence and because bitcoin’s price has increased, mining profitability and hashrate has followed suit. Today’s top bitcoin mining rig […]

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Bitcoin (BTC) Realized Cap Hits New All-Time High, Miner Revenue On the Rise

Over the last week, Bitcoin (BTC) made a solid move surging past all the way to $47,000. Even now BTC is holding above its crucial support levels of $45,000. At press time, Bitcoin is trading at $46,392 and has a market cap of $370 billion. This comes amid major improvements in Bitcoin’s on-chain metrics. The […]

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Why Bitcoin Miners And Blockchain Companies Might Have to Flee U.S?

The massive $1 trillion U.S. infrastructure bill put severe roadblocks for crypto companies operating in America. The bill involves a crypto provision with additional taxes for payments done in cryptocurrencies. The lawmakers in the U.S. Senate are looking for an additional $28 billion in revenue with crypto transactions. However, the laws are unclear as of […]

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