2019-7-23 22:20 |
Iran is officially recognizing bitcoin mining as an industry it will regulate and for which it will set electricity rates.
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Electricity theft in the UK has risen by over 75% since 2012, largely due to crypto mining and cannabis farming, with a significant increase following the first COVID-19 lockdown. The post Crypto Mining Blamed for Record UK Electricity Theft appeared first on BeInCrypto.
The UAE-based firm is developing one of the region’s largest mining facilities.
The investment includes a $2 million loan and $12 million in equity.
With the crypto industry evolving, several entities still have different views on the ecosystem. While some believe it’s all a scam, some see the great potential and believe the industry has a bright future.
In recent times, crypto mining has been receiving a lot of attention owing to how energy-intensive the process is. On that same note, British Columbia has now become the third Canadian province to introduce restrictions on crypto mining.
CleanSpark an American-based mining company, has been acquiring different mining machines despite the dip and dwindling fortunes of Bitcoin.
Marathon has outlined that at this stage its operations hosted by Compute North will continue to operate as usual, and highlighted an improved BTC mining production in Q3.