Tag: Mining

Bitcoin Mining Operation Reveals Plans to Convert Coal Ash Landfill Into Solar Farm

Bitcoin Mining Operation Reveals Plans to Convert Coal Ash Landfill Into Solar Farm

Following the announcement from Greenidge Generation Holdings that detailed the company would be promoting a carbon-neutral stance, and the firm’s recent partnership with Foundry, Greenidge revealed on Thursday it is investing profits into a renewable energy investment program. The company is in the midst of expediting the closure of a coal ash landfill in order […]

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Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan

Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan

Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys New Cryptocurrency Miners for Data Centers in Kazakhstan […]

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Bitcoin, Ethereum hash rate starts recovering as Chinese miners redeploy overseas

Bitcoin, Ethereum hash rate starts recovering as Chinese miners redeploy overseas

The hashing power securing the world’s two largest blockchains is on track of a slow recovery, as some Chinese miners have gradually completed their relocation after the crackdown. Based on The Block’s Dashboard, the seven-day moving average of Bitcoin’s hash rate has slowly climbed up to and remained at the 100 exahashes per second (EH/s) […]

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Iran Raises Alarm Over Potential Influx of Miners From China

Iran Raises Alarm Over Potential Influx of Miners From China

With the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions. Providing low-cost energy, Iran has emerged as a prospective destination. However, the country’s state-owned power utility has expressed concerns over a possible influx of miners and illegal imports of mining hardware from China. Tavanir Warns […]

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Bitcoin Mining Difficulty Parameter Set to Increase for the First Time in 8 Weeks

Bitcoin Mining Difficulty Parameter Set to Increase for the First Time in 8 Weeks

Bitcoin’s hashrate has slowly crept back up between 85 exahash per second (EH/s) to 125 EH/s on July 14. The increase in hashpower has made it so the next mining difficulty change will increase for the first time in eight weeks. The four consecutive difficulty drops turned out to be the largest slide in Bitcoin’s […]

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Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges

Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges

Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. Crypto Exchanges in Kazakhstan to Be Offered Banking Services Kazakh banks will be permitted […]

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Bitmain spins off Antpool to focus on bitcoin mining hardware design

Bitmain spins off Antpool to focus on bitcoin mining hardware design

Bitcoin mining hardware manufacturing giant Bitmain has practically finished spinning off Antpool, currently the largest bitcoin mining pool by hash rate. Bitmain said in a blog post on Tuesday that it hosted an interim shareholder meeting on July 26 and reported on the progress of divesting the Antpool mining pool business. “All of the legal […]

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