2021-6-17 01:00 |
All mining facilities in Xinjiang, Inner Mongolia, and Qinghai provinces have been shut down. China has long accommodated over half the world’s bitcoin miners, but now, Beijing wants them out ASAP. origin »
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Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto miners burn much more energy. Licensed Crypto Miners Use 300 MW, […]
2021-5-23 07:00 | |
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The Coronavirus pandemic has driven people to take advantage of new business lines to deal with the economic crisis, and cryptocurrency is once again a headliner. Internet cafe owners in China are using their facilities to set up crypto mining farms after temporarily shutting down in 2020.
2021-5-20 02:00 | |
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Bitcoin mining farms and renewable energy facilities can greatly help each other to create an “abundant, clean energy future,” according to a joint research report published by payments company Square and asset manager Ark Invest yesterday.
2021-4-23 22:00 | |
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On April 21, the bitcoin mining rig manufacturer Canaan announced the firm will be supplying 11,760 next-generation A1246 ASIC Avalonminers to a company called Mawson Infrastructure Group. The announcement notes that the mining units will be dispersed among Mawson’s bitcoin mining operations, and will add over an exahash of hashrate to Mawson’s mining facilities. Canaan […]
2021-4-22 17:30 | |
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Bit Digital will be colocating in Compute North facilities to leverage its renewable-energy-focused design for bitcoin mining.
2021-4-22 23:57 | |
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Crypto mining activities come with a challenge, it is a power-consuming task, and the problem miners are having with local authorities where crypto assets and facilities are located is energy consumption issues.
2021-3-16 17:00 | |
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Continue reading at Coinspeaker
2021-3-7 12:16 | |
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A rare winter storm in Texas has knocked out most of the bitcoin mining facilities in the Lone Star State.
2021-2-17 21:28 | |
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The ASICs are set to be deployed in Blockstream facilities through the U.S. and Canada.
2021-1-28 01:54 | |
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Sept 1, 2020 — Two Malaysian cryptocurrency mining facilities have been raided by law enforcement for an alleged electricity theft totaling more than $600k. According to reports by local news outlet The Star, the raids were conducted as a joint operation between Malaysia’s Energy Commission, the Tenaga Nasional Berhad (TNB) power utility firm, and local […] The post Malaysian Police Shut Down Crypto Mining Operation for $600k Electricity Theft appeared first on BeInCrypto.
2020-9-2 12:50 | |
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Regional reports say that officials from Inner Mongolia delineated 21 bitcoin mines, as the region plans to stop subsidized electrical rates for certain data firms. Unless the bitcoin mining facilities pack up and migrate, mining farms may see an electrical price increase by one third.
2020-8-26 12:30 | |
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During the last few months, crypto proponents have focused their attention on Iran. The Iranian President Hassan Rouhani initiated a new mining strategy last May, and the government-licensed 14 bitcoin mining farms in July.
2020-8-15 19:30 | |
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Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining facilities are taken out by heavy rainfall and flooding, […] The post 2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners appeared first on Bitcoin News.
2020-7-24 03:00 | |
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China-based bitcoin miners have started to migrate southbound from North China, according to local reports. The operators are having difficulties and are transitioning mining facilities for cheap hydro-powered electricity.
2020-6-6 20:05 | |
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The Chinese city of Ya’an plans to encourage local mining operations powered by its hydroelectric electricity generation facilities
2020-4-29 20:43 | |
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HIVE Blockchain Technologies, an owner and operator of cryptocurrency mining facilities, announced today that it has initiated an expansion of its flagship GPU-based mining facility in Sweden. This expansion is anticipated to result in a more than 20% increase in the facility’s Ethereum mining production capabilities while improving the gross mining margin by leveraging its […] CryptoNinjas: HIVE Blockchain to expand Sweden Ethereum (ETH) mining facility by 20%
2020-3-7 23:11 | |
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Layer1 is not the only mining company to launch flagship facilities in Texas, with Bitmain and Northern Bitcoin vying for their Texas-based operations to be the largest worldwide
2020-3-1 14:28 | |
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HIVE Blockchain Technologies (HIVE), an owner and operator of cryptocurrency mining facilities, announced today it has experienced a more than 20% increase in newly minted ether (ETH) coins mined daily compared to its exit run rate for the last 15 days in December 2019.
2020-1-15 21:03 | |
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If small mining facilities begin to capitulate by the year’s end, will BTC struggle to recover in the first quarter of 2020?
2019-12-8 06:58 | |
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The rise in price and interest for Bitcoin have generated a surge in mining facilities. But these facts have also made it hard for the average individual to make a profit from mining Bitcoin on his own.
2019-12-7 16:16 | |
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Throughout the course of 2019, Iran’s government and the country’s energy officials have been creating new guidelines for bitcoin miners setting up data facilities in the oil-rich nation.
2019-11-15 04:00 | |
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An aluminum plant in Russia’s northern Karelia region could soon be hosting one of the largest Bitcoin mining facilities in the country. Of course, the plant is no longer serving its primary purpose after being decommissioned in 2018.
2019-10-31 22:20 | |
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Metal giant Rusal is renting its facilities to the Russian Mining Corporation following 2018 U.S. sanctions.
2019-10-31 20:00 | |
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Crypto miner HIVE sees 140% income rise over FY2018 - CryptoNinjas HIVE Blockchain Technologies Ltd. (HIVE), an operator of cryptocurrency mining facilities, today announced its results for the fourth quarter and full-year ended March 31, 2019 (all amounts in US dollars, unless otherwise indicated).
2019-9-30 16:34 | |
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A man named Denis Baykov has been fined 450,000 rubles ($7,000) by Russian authorities after illegally mining Bitcoin (BTC) by using electricity from an old Russian nuclear warhead facility at Sarov, a small town in western Russia.
2019-9-29 15:20 | |
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The crypto mining company Argo Blockchain recently installed 1,000 mining machines on its Bitcoin mining facilities. According to reports, these new machines will take the current number of miners up to 6,000.
2019-9-20 21:56 | |
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A lot has taken place in the world of crypto mining this year. Bitcoin hash rate and difficulty levels have hit record highs. New companies such as Blockstream have ventured into space while existing companies have expanded their infrastructure with new facilities dedicated towards mining being developed but the biggest mining event of the year […] The post Global Mining Leaders Summit 2019 appeared first on AMBCrypto.
2019-9-9 18:30 | |
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After the end of the Soviet Union and the economic fallout that happened in Russia, several industry facilities were abandoned. Now, cryptocurrency miners are giving these abandoned places a new breath of life by using them as mining farms.
2019-9-3 23:42 | |
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Bitcoin miners in China already have to deal with a government that wants to stamp out their industry. Add to that natural disasters such as flooding and landslides, and they have a full plate to contend with.
2019-8-21 14:15 | |
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Forbes writer Kyle Torpey reported that Blockstream, a crucial company in Bitcoin Core development, has been hosting Bitcoin miners at two facilities for quite some time. Big Boy Mining Top clients include Fidelity’s Center for Applied Technology (FCAT).
2019-8-12 19:13 | |
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On August 8, Canadian company Blockstream unveiled Blockstream Mining, a new solution to host and manage Bitcoin mining equipment at facilities located in Quebec and the United States. The project also includes a mining pool based on the BetterHash protocol.
2019-8-10 01:00 | |
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Blockstream, the blockchain infrastructure firm that sent a Bitcoin satellite into space, has entered the cryptocurrency mining space. The company revealed details about its Bitcoin mining data centers in Quebec, Canada and Adel, Georgia earlier this week.
2019-8-9 14:40 | |
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Bitcoin development company Blockstream unveiled a new mining facility and mining pool aimed at enterprises, with the Fidelity Center for Applied Technology and LinkedIn founder Reid Hoffman being named as two of the service’s first clients.
2019-8-10 14:32 | |
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Bitcoin development company Blockstream has unveiled a new mining facility and mining pool aimed at enterprises, with the Fidelity Center for Applied Technology and LinkedIn founder Reid Hoffman being named as two of the service’s first clients.
2019-8-9 14:32 | |
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Major Malaysian electric utility Tenaga Nasional Bhd has fallen victim to an illegal cryptocurrency mining operation, which resulted in a $760,736 loss
2019-8-8 22:36 | |
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Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and has warned that illicit mining facilities will be cut off from the grid.
2019-6-26 00:30 | |
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By CCN: Canada continues to grow its reputation as a friendly destination for bitcoin mining, which has been of particular benefit to the country’s provinces. Canada is attractive because of its energy cost efficiencies, which at least one crypto mining operation is taking advantage of.
2019-5-14 00:25 | |
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CryptoNinjas HIVE Blockchain Technologies, the operator of cryptocurrency mining facilities, today announced that it has entered a non-binding letter of intent and heads of terms and a share swap agreement with Argo Blockchain, to explore a proposed strategic.
2019-5-13 17:36 | |
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The top economic body in China has recommended some new rules that would see the government close down all cryptocurrency mining facilities in the country. Cryptocurrency mining was one of the industries proposed for immediate elimination, labeling crypto mining as backward processes that are a severe waste of resources.
2019-4-10 09:04 | |
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The National Development and Reform Commission (NDRC) revealed its intent to eliminate the bitcoin and crypto mining sector immediately in its guidance for adjustments to industrial structure published on April 1.
2019-4-9 15:51 | |
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Bitcoin mining firm Hut 8 has reportedly laid off roughly half of its staff at facilities in Alberta, Canada
2019-4-5 00:20 | |
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On March 29, the two largest mining rig manufacturers, Canaan Creative and Bitmain Technologies, announced the sale of their next generation devices that process the SHA-256 algorithm. Both firms are gearing up to sell the new products this spring as a slew of mining operations have been prepping up new facilities in order to take […] The post Manufacturing Giants Bitmain and Canaan Announce Second-Generation Miners appeared first on Bitcoin News.
2019-3-30 19:20 | |
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Our Organization Levblockchain LVE, will help many new, young, passionate people who are trying to work on new technology projects, blockchain projects and products. Many of Greek Developers abandoning because of the country’s educational erroneous infrastructure and frozen economic growth.
2019-3-25 22:16 | |
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Despite heavy zoning and energy requirements, the county wants to remain open and welcoming to crypto mining facilities.
2019-3-23 21:53 | |
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Blockchain firm Bitfury will develop a bitcoin mining center in Paraguay. The new mining operation is in partnership with Seoul-based research and development firm Commons Foundation.
2019-2-8 23:32 | |
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The long-running bearish sentiment of cryptocurrency market has claimed another victim. Giga Watt, a US-based Bitcoin mining firm, sent an email to its customers, stating that it has decided to close down operations.
2019-1-18 18:06 | |
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Former top-five crypto mining firm has reportedly closed access and power to its facilities and shut down day-to-day operations
2019-1-17 15:10 | |
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The government of the Republic of Abkhazia has cut power to 15 crypto mining farms amid concerns over electricity consumption
2019-1-2 03:55 | |
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Authorities in Abkhazia have cut off 15 mining facilities from the territory’s electrical grid. The short-term measure is meant to alleviate power shortages during the cold winter months. The operators of the farms have fully cooperated with the local electric utility.
2019-1-2 21:40 | |
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Daily block reward gross profit fell to the lowest "on recent record" last month, the report said.
Bitcoin's 7-day average mining hashrate has hit a new all-time high above 667 exahashes per second during the Bitcoin 2024 conference, reflecting greater security and fundamentals.
Lower cost miners have increased market share since the bitcoin halving event, the report said.
The Bitcoin mining industry serves as a critical barometer for market health and direction. Among the various tools employed to analyze this vital sector, hash ribbons stand out for their nuanced insights into the state of Bitcoin miners.
Quick Take Recent financial data suggests a growing concern for the Fed as key inflation indicators show unfavorable trends. The Producer Price Index (PPI) — a prime measure of inflation — exhibited an unexpected increase for the first time in three months.
Larger miners with a low cost of production and low debt are likely to be the big beneficiaries of increased capacity, the report said.
The difficulty of mining Bitcoin has been steadily climbing for some time now, as more and more miners compete with one another to be the one to mine the next block on the Bitcoin blockchain successfully.