2021-6-18 13:02 |
Crypto miners in Ya'an City have reportedly been ordered to temporarily shut down their operations.
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Ahead of the politically sensitive 100th anniversary of the ruling Communist Party on July 1, the country is also trying to cool down speculation in other asset classes just like crypto. The post China’s State Media Promotes Bitcoin Miners Going Green in Country & Points to Wasted Energy first appeared on BitcoinExchangeGuide.
2021-6-17 18:13 | |
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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.
2021-6-17 01:00 | |
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Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments.
2021-6-14 07:00 | |
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Xinjiang crypto miners forced to shut down, Antpool hash rates drop by 30%, and Baidu and Weibo try to scrub crypto players from their platforms.
2021-6-11 06:07 | |
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Following the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate.
2021-6-10 08:30 | |
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This time, Bitcoin price is not responding to the reports of a crackdown from China which extends beyond the crypto sector, ahead of the 100th anniversary of the ruling Communist Party on July 1, trading around $36,500.
2021-6-9 19:41 | |
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An official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down.
2021-6-9 19:30 | |
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Chinese internet services are censoring bitcoin exchange searches and mining operations in China have reportedly been asked to shut down.
2021-6-10 19:01 | |
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Bitcoin price action is what everyone cares most about, however, the health of the network the asset underpins can have a dramatic impact on price action as the market has recently witnessed. A massive drop to the hash rate, China cracking down on miners, and energy FUD all contributed to one of the worst selloffs […]
2021-6-9 18:57 | |
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Bitcoin miners in Zhundong, Xinjiang, China, have been told to shut down their rigs, The Block, on June 9, reports. The Blow in Zhundong Officials in Zhundong, acting on orders from the Changji prefecture government in Xinjiang, were instructed to shut down Bitcoin and cryptocurrency mining operations in the Zhundong Economic Technological Development Park byRead More
2021-6-9 14:00 | |
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Chinese Xinjiang with large amounts of fossil resources requires Bitcoin miners to shut down their operations
2021-6-9 11:14 | |
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In a bid to cut down on power consumption, Iran’s government has banned the mining of Bitcoin and other cryptocurrencies until the nation’s power issue is resolved. On Wednesday, the country’s president Hassan Rouhani stated that there have been energy-intensity blackouts in some Iranian cities.
2021-5-28 13:55 | |
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Bitcoin miners have been on the hot seat this year. The market recently reacted to the Chinese government cracking down on mining activities with investors rolling out cash from the Bitcoin market. The unrest seems to be far from over as the Iranian government has also clamped down on cryptocurrency activities in the country. According […]
2021-5-27 20:46 | |
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Chinese Bitcoin miners don’t appear keen on waiting around to find out what their fates will be in the wake of the government’s announcement over an inbound crackdown. In a joint statement published last week, the Chinese Premier and State Council voiced an intent to clamp down on Bitcoin mining in the country, causing the […]
2021-5-26 18:19 | |
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Following the decision of the Chinese regulatory body to crack down on cryptocurrency operators in the country, Miners are gradually closing shops and relocating elsewhere. Top crypto miners, including BTC.
2021-5-24 15:55 | |
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Chinese Bitcoin miners are scrambling to shift or shut operations after the latest round of ‘crypto FUD’ initiated by the government, a report on news outlet Reuters said today. The post Bitcoin miners are shutting down Chinese operations after Vice Premier’s comments appeared first on CryptoSlate.
2021-5-24 11:01 | |
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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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Iran is recruiting its intelligence officers to crack down on illegal cryptocurrency miners within the country. The post Crypto Miners in Iran Getting Rooted Out by Government Spies appeared first on BeInCrypto.
2021-5-21 13:00 | |
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This is positive for the crypto industry because Inner Mongolia is China’s second-largest coal producer, and such a move will push Bitcoin miners towards using renewable sources. The post Bitcoin Hash Rate Takes Another Hit as Inner Mongolia Crypto Mining Shut Down Goes into Effect first appeared on BitcoinExchangeGuide.
2021-5-20 18:09 | |
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A major chipmaker keeps making efforts to calm down the gaming community’s anger toward cryptocurrency miners who are taking the lead in buying graphic cards massively, boosting its prices. Nvidia has announced that it will deliberately limit the capabilities for some of its newly graphic cards to keep a balanced inventory for gamers. Cards With […]
2021-5-20 11:30 | |
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Bitcoin, since surging to new all-time high earlier this month, has continued to face a string of bad news. Earlier last week, Bitcoin prices tumbled due to Xianjiang crypto miners shutting down due to power outages — causing a record $10 billion in futures liquidations.
2021-4-23 15:53 | |
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"If the U.S. stopped all the U.S. miners, Kazakstan stopped all the miners there — that kind of shuts down 80% to 90% of the hash rate pretty quickly," said Curtis Spencer.
2021-4-21 22:10 | |
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A U. S. multinational semiconductor company could be preparing the ground to release its own series of cryptocurrency mining processors. AMD is reportedly looking to introduce a GPU for mining Ethereum.
2021-3-10 05:00 | |
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As Iran experiences rolling electricity blackouts, the country’s authorities have responded to the crisis by targeting bitcoin mining farms. The sanctions-hit country’s campaign against miners has seen a total of 1,600 mining centers being shut down.
2021-1-27 12:00 | |
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Global chip shortage is slowing down the manufacturing of new crypto mining rigs; while BTC mining is dominant in China, miners now face surging prices on their equipment
2021-1-22 16:32 | |
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A small band of Ethereum miners are trying to pick off larger mining pools’ subscribers in a bid to shoot down EIP 1559.
2021-1-22 23:32 | |
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Bitcoin miners are selling a lot less than at the beginning of the year, with it down to under 1,000 bitcoin on some days and usually around 1,300 bitcoin a...
2021-1-16 19:00 | |
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We know it's going to happen – the question is when and how.
2021-1-14 00:43 | |
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Whether Bitcoin is heading up or crashing face-first in the market, the community is always curious about its short-term future. This was the case as after having dropped down to approx. $32,000 on thThe post Here's why Bitcoin miners are unlikely to sell-off their holdings appeared first on AMBCrypto.
2021-1-12 19:30 | |
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Iranian authorities have hammered down a massive 1,620 bitcoin (BTC) and crypto mining farms in the state. The authorities claim the operators of the bitcoin ming farms failed to register with the government as earlier directed, according to reports on January 7, 2021.
2021-1-9 18:00 | |
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Since Iran began recognizing cryptocurrency mining as an industry, it has reportedly shut down 1,620 unauthorized crypto mining farms. Crypto miners initially welcomed the recognition but later said that the electricity tariffs were too high.
2021-1-6 16:10 | |
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Bitcoin’s price action as of late has been rather lackluster, with bulls struggling to hold it above $18,000 as selling pressure mounts Where the crypto trends in the mid-term should depend largely on the continued reaction to the support at $18,000 If the crypto is unable to hold above this level, it could bear witness to some intense selling pressure that sparks a move down towards $17,000 There is some support at roughly $17,600 that […]
2020-12-11 02:00 | |
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The crypto mining crisis in Abkhazia is closely reaching its boiling point following the burnout of a power substation amid the refusal of both illegal and legal crypto miners to slow down their operations in the state.
2020-12-10 17:00 | |
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Nearly 11% of revenue came from fees, down slightly from October.
2020-12-7 22:58 | |
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China has been tightening its grip around crypto and crypto businesses. According to recent reports, authorities from Baoshan city in the Yunnan province have cracked down on Bitcoin miners. The authoThe post China's Yunnan province officials crackdown on Bitcoin miners appeared first on AMBCrypto.
2020-12-2 21:00 | |
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Miners in China have reportedly been struggling to pay for electricity after authorities started cracking down on OTC brokers in the country.
2020-11-16 17:32 | |
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Bitcoin miners in China have faced trouble paying for electricity as the government continues to crack down on the exchange of crypto and yuan, according to Colin Wu
2020-11-16 13:37 | |
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Glassnode says that, in the past 24 hours, the volume of Bitcoin that miners moved to trading platforms has seen a drastic surge to nearly 280 percent, pushing BTC down
2020-11-9 12:24 | |
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Bitcoin’s intense rally seen throughout the past few days has slowed down slightly, with buyers finding some resistance around $16,000 The rejection here yesterday wasn’t too intense, but it has kicked off a consolidation phase in the upper-$15,000 region One trend to keep an eye on in the near-term is outflows from miners onto exchanges This trend suggests that miners who have watched their assets appreciate rapidly in value may begin taking some profits off […]
2020-11-7 21:00 | |
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Bitcoin has seen its hash rate decline over 43.47 % within a span of 3 days, due to Chinese mining farms closing down for the dry season. The reason being, they cannot generate enough hydropower withoThe post Here's what Bitcoin's recent hashrate drop may imply for miners appeared first on AMBCrypto.
2020-10-30 22:00 | |
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Ethereum’s price has rocketed over the past few days alongside Bitcoin, but it has been underperforming the benchmark crypto While Bitcoin is currently on the brink of setting fresh yearly highs, ETH is trading down significantly from its $490 highs that were set a couple of months ago For ETH to outperform BTC, there will likely have to be a resurgence in the DeFi space This will drive transactional volume and buy-side pressure for ETH […]
2020-10-25 22:00 | |
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Over the weekend, the Bitcoin network's hash rate hit an all-time high as it has repeatedly been doing since the May halving when it dropped about 40%. During this time, the monthly miner revenue jumped from about $280 million (subsidy plus transaction fees) in June to $368 million in August.
2020-10-20 16:06 | |
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Bitcoin started this week on a bullish note, reaching above $11,700 only to drop to nearly $11,200 level on Friday after crypto exchange OKEx announced that cryptocurrency withdrawals had been suspended.
2020-10-17 22:35 | |
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After facing some slight turbulence yesterday, Bitcoin incurred a massive rush of selling pressure today that sent its price reeling down to lows of $10,700 This movement came about in the form of a sharp selloff following a prolonged bout of sideways trading within the lower $11,400 Analysts are now noting that the market is now at serious risk of seeing further downside This comes as multiple large BTC mining pools begin offloading their holdings […]
2020-9-4 21:00 | |
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Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly shut down 1,100 illegal bitcoin mining farms in the country, local media reported. Whistle-blowers tipped off authorities on unauthorized miners following a July announcement of rewards including 100 million rials (about $2,400).
2020-8-23 16:30 | |
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Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen electrical shortages and the aftermath is causing quite a bit of stress for Chinese bitcoin miners.
2020-8-19 20:30 | |
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China's bitcoin miners are in a rut during a period of intense flooding, Ripple shows signs of sales growth and INX scaled down its IPO vision.
2020-8-4 19:05 | |
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Just months ago, in March, many thought Bitcoin was on its way out. The cryptocurrency registered a 50% drop in a single 24-hour period in March, falling as global markets imploded. BTC miners followed suit, shutting down their machines en-masse because they weren’t profitable.
2020-7-9 06:00 | |
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After starting the month above $10,000, Bitcoin is currently trading around $9,700 with a low “real” volume of under $2 billion. Trading in a narrow range of $9,450 to $9,900, any upticks in price are soon stripped down.
2020-6-8 15:23 | |
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Cathedra will pay $55 per megawatt hour of power used plus 10% of gross bitcoin mined at the site.
The legislation would have capped the industry's participation in demand response programs.
Bitcoin miners are uniquely flexible energy consumers we can use as energy tools to help solve several energy problems.
As today’s energy market becomes decentralized, energy grid operators may need to take a Web3 approach to asset management and security.
Can Bitcoin mining be part of the solution for greenhouse emissions rather than part of the problem?
The proposal aims to recognize crypto mining as a commercial activity and introduce taxes on its realized profits.
"We are taking proactive measures to shut down operations, shed load and create additional capacity in response to ERCOT's needs should it be necessary,” said the Texas Blockchain Council on behalf of mining firms.