Mining Archives - Free Bitcoin Earning Sites

Chinese Authorities Might Be Rethinking Their Negative Stance on Crypto Mining

October 21, 2021 Mining, News Eddy 0

China might be backpedaling on their negative stance towards cryptocurrency mining. Back in September 24, the National Development and Reform Commission added digital asset mining into its list of outdated industries — which followed after severe crackdown on crypto miners. Just recently, the agency started seeking public opinion regarding the inclusion of crypto mining in […]

Stronghold Digital Mining stock spikes 52% on its first day of trading

The stock for Stronghold Digital Mining, a Pennsylvania-based bitcoin mining firm, rose more than 52% on its first day of trading on NASDAQ. The pricing range was originally set between $16 and $18 per share, The Block previously reported, with the final price set at $19. As of publication, the stock is now worth nearly […]

Russian oil industry asks regulators to let them mine crypto using wasted flare gas

October 20, 2021 Bitcoin mining, Energy, energy mix, Mining, Oil Industry, Regulation, Russia Eddy 0

Russian regulators are considering a push from oil and gas firms, seeking authorization to mine cryptocurrencies using natural gas that is otherwise wasted in oil drilling. Per an October 20 report from business outlet Kommersant, the Russian Central Bank, Ministry of Industry and Trade and Ministry of Digital Development are discussing authorization for oil industry […]

Bit Digital Signs Agreement to Buy 10,000 Antminers From Bitmain

October 20, 2021 Bitcoin Mining Firm, Mining, News Eddy 0

Bitcoin mining company Bit Digital Inc has just signed an agreement with Bitmain Technologies Limited to purchase 10,000 mining rigs, which is expected to increase the mining firm’s hash rate by roughly 1.0 EH/s. “By contracting for these Bitmain units, we have opened a new channel in our procurement strategy, diversifying our access to miners. […]

US Bitcoin mining firm Stronghold raises $127 million in IPO

October 20, 2021 Bitcoin, Bitcoin mining, Mining Eddy 0

Pennsylvania-based Bitcoin mining firm Stronghold Digital Mining has set the final price for its initial public offering (IPO) in the U.S. at $19 per share. According to an announcement on Wednesday, the pricing exceeds the previous range of $16 to $18 per share. With that, Stronghold has raised $127 million via the offering of 6.68 […]

Iran to Pilot ‘National Cryptocurrency,’ Amend Central Bank Law

October 19, 2021 CBDC, cbi, Central Bank, commission, crypto, Cryptocurrencies, Cryptocurrency, Digital Currency, digital rial, Exchange, Finance, Governor, Iran, Iranian, Islamic republic, law, lawmakers, legislation, Majlis, Miners, Mining, parliament, Regulation, tehran, Trading Eddy 0

The central bank of Iran is gearing up to begin the pilot phase of its digital currency project in the near future, its new head announced to representatives of local media. The monetary authority is also preparing to move forward with a plan to reform the legislation that governs its own activities. Iran Preps Pilot […]

Atlas Mining is migrating a large supply of Bitcoin miners to the US

October 19, 2021 Bitcoin, China, Mining Eddy 0

Singapore-headquartered Atlas Mining, which previously had extensive Bitcoin mining operations in China, is set to move a significant amount of hash rate to North America. Atlas Mining said in an announcement on Tuesday that it has signed a partnership with U.S-based mining colocation provider Compute North for over 100 megawatts (MW) of hosting capacity. The […]

Local Businesses in New York Urge Governor to Impose Statewide Bitcoin Mining Moratorium

October 18, 2021 Bitcoin, Bitcoin (BTC), Bitcoin mining, BTC Mining, climate change, climate crisis, Democrats, Fortistar, GHG emissions, Greenidge, Kathy Hochul, Mining, moratorium, Nassau Hiking & Outdoor Club, new york, New York Bitcoin Mining, NY governor, Peconic Baykeeper, PoW, Proof of Work, Ravines Wine Cellars, Seatuck Environmental Association, senator Kevin Parker, statewide moratorium Eddy 0

The governor of New York state, Kathy Hochul, has been urged by a group of local companies to deny business permits to bitcoin miners. The letter specifically asks for the “denial of permits for the Greenidge Generating Station and the Fortistar North Tonawanda Facility.” The letter also calls for the New York government to assess […]

Russia & Belarus to Set Up Special Electricity Tariffs for Crypto Miners

October 18, 2021 Mining, News Eddy 0

Cryptocurrency miners in Belarus and the Russian Federation will soon be affected by electricity tariffs that are different from the standard ones, which may cause them to pay extra for the electrical energy they need. It has been reported that the authorities in both countries would be making changes that are likely to lead to […]

Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners

October 18, 2021 Belarus, belarusian, crypto, crypto miners, crypto mining, Cryptocurrencies, Cryptocurrency, cryptocurrency miners, cryptocurrency mining, Electricity, Energy, Miners, Mining, power, Prices, rate, rates, Russia, russian, tariff, tariff category, tariff groups, tariffs Eddy 0

Authorities in Belarus and the Russian Federation are taking steps to separate cryptocurrency miners from other groups of power users and deny them access to subsidized energy. This could lead to the adoption of differentiated electricity rates for businesses involved in digital coin minting activities. Cryptocurrency Miners in Russia and Belarus May Face Higher Energy […]

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