75% of Marathon’s Mining Operation Is Still Out of Commission

June 29, 2022 Bitcoin Mining Firm, Mining, News Eddy 0

It has been two weeks since a devastating storm hit the town of Hardin, Montana. Bitcoin mining firm Marathon Digital Holdings revealed that they have yet to recover from the storm. According to Marathon’s statement on its website, the power generating facility responsible for supplying the company’s local mining operations was damaged by the storm.  […]

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Mining Ban Sparks Negative Reactions From Iran’s Crypto Community

June 27, 2022 ban, crypto, crypto community, crypto miners, crypto mining, Cryptocurrencies, Cryptocurrency, deficit, Electricity, Iran, Iranian, Miners, Mining, power, reactions, restrictions, shortages Eddy 0

The recently reintroduced seasonal ban on cryptocurrency mining has provoked backlash from the local crypto community. This week, the country’s power distribution company ordered miners to suspend activities citing electricity shortages during the hot summer months. Restrictions on Crypto Mining Are Ousting Iran From Global Coin Minting Industry, Critics Say After last year crypto miners […]

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Hardware Worth $1.9 Million Stolen in Russia’s Crypto Mining Capital

June 25, 2022 coin minting, crypto, crypto miners, crypto mining, Cryptocurrency, fraud, Irkutsk, Miners, Mining, Mining Devices, mining hosting, mining hotel, mining machines, mining rigs, Russia, russian, Theft Eddy 0

Russian law enforcement is looking into the alleged theft of mining hardware valued at around $1.9 million. The powerful computing equipment disappeared from a crypto mining hotel in Irkutsk, the owners of which have been accused of large scale fraud. 100 Russians Lose Mining Machines Worth 100 Million Rubles Police in the Russian Irkutsk Oblast […]

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Following BTC’s Price Drop, Bitcoin Miners Benefit From a 2.35% Difficulty Reduction

June 22, 2022 2016 block, Antpool, Bitcoin mining, block rewards, Blocks, Blocks found, BTC blocks, DAA, DAA change, difficulty, drop, F2Pool, Foundry USA, increase, Mining, mining bitcoin, Mining BTC, Poolin, Price Drop, ViaBTC Eddy 0

During the past week, Bitcoin’s hashrate has dropped a few percentages after reaching 288 exahash per second (EH/s) on June 8, 2022. Bitcoin miners, however, got a break on Wednesday, June 22, as the mining difficulty dropped by 2.35% making it easier for miners to find blocks. The 2.35% drop brings the difficulty down to […]

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Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand

June 21, 2022 blackouts, consumption, crypto, crypto farms, crypto miners, crypto mining, Cryptocurrencies, Cryptocurrency, deficit, Demand, Electricity, Energy, Iran, Iranian, Miners, Mining, mining farms, power, restrictions, shortages, shutdowns Eddy 0

Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced. Legal Crypto Miners in Iran to Halt Operations Again Due to Electricity Shortages Authorized crypto mining […]

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Bitcoin’s Sinking Price Pushes Hashrate Below 200 Exahash, Mining Difficulty Expected to Slide 2.8% Lower

June 18, 2022 1600 blocks, 292.02 exahash, Antpool, bitcoin block rewards, bitcoin blocks, Bitcoins, block rewards, Blocks, BTC Hashrate, computational power, difficulty, difficulty retarget, Exahash, Foundry USA, Hashpower, Hashrate, hashrate ATH, Mining, mining bitcoin, Mining BTC, Proof of Work (PoW) Eddy 0

While bitcoin’s price dropped below the $20K region, the network’s hashrate slipped under the 200 exahash per second (EH/s) region to 167 EH/s on June 18. At the time of writing, the hashrate is coasting along at 184 EH/s after a slight rebound following the drop. With the price per bitcoin lower this week and […]

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Kazakhstan Allows Registered Crypto Exchanges to Open Accounts at Local Banks

June 17, 2022 accounts, AIFC, bank accounts, Banks, crypto, crypto exchanges, crypto mining, Cryptocurrencies, Cryptocurrency, Exchanges, Kazakhstan, Miners, Mining, Regulations, rules Eddy 0

Government officials in Kazakhstan have approved regulations that will govern interactions between authorized coin trading platforms and traditional financial institutions. The new rules will allow registered cryptocurrency exchanges to have bank accounts in the country. Pilot Project to Develop Kazakhstan Into Regional Crypto Hub Regulations allowing crypto exchanges registered at the Astana International Financial Center […]

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Bitcoin’s Hashrate Hits an All-Time High Nearing 300 Exahash per Second

June 11, 2022 1600 blocks, 292.02 exahash, Antpool, bitcoin block rewards, bitcoin blocks, Bitcoins, block rewards, Blocks, BTC Hashrate, computational power, difficulty, difficulty retarget, Exahash, Foundry USA, Hashpower, Hashrate, hashrate ATH, Mining, mining bitcoin, Mining BTC, Proof of Work (PoW), zettahash Eddy 0

While Bitcoin’s mining difficulty was expected to decrease two days ago on June 8, instead the difficulty increased by 1.29% on Wednesday. On the same day, at block height 739,928, Bitcoin’s hashrate tapped an all-time high (ATH) reaching 292.02 exahash per second (EH/s). Bitcoin’s Blockchain Secured by Close to Three Hundred Quintillion Hashes per Second […]

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Bitfarms Worried About The Fall In Bitcoin Prices Amidst Its Investment Plan in Latam

June 6, 2022 Argentina, Bitcoin, Bitfarms, crypto, Damian Polla, Hashrate, Mining, Paraguay, Price Eddy 0

Bitfarms, a global bitcoin mining company, has told that the price of bitcoin, above all other elements, is one of the most important factors for the future of the industry. Damián Polla, Bitfarm’s Latam General Manager, stated that countries like Argentina, where Bitfarms is currency building a bitcoin mega-mining center, were a very good destiny […]

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New York Bill That Aims to Establish a Bitcoin Mining Moratorium Awaits Governor Hochul’s Signature

June 3, 2022 Amanda Fabiano, Anna Kelles, Bitcoin mining, BTC Mining, Chamber of Digital Commerce, cnbc, Democrat, Galaxy Digital, Governor Kathy Hochul, Greenidge Generation, Interview, lawmakers, MacKenzie Sigalos, Mining, NY Lawmakers, Perianne Boring, permitted power generation, politician, PoW, PoW Mining, Proof of Work, USD carbon, USD Violence Eddy 0

The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources. The policy will place a two-year ban on proof-of-work (PoW) mining if the assembly bill is approved by New York governor Kathy Hochul. New York PoW Mining Moratorium Legislation to Be […]

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