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Birth and Evolution of Mining Pools
Crypto mining is a calculation-intensive computation process that requires high processing power along with high electricity consumption. The miner who first solves the puzzle gets to place the next block on the blockchain and claim the rewards. дальше »
2021-5-31 10:25 | |
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Kyrgyzstan Seizes 2,000 Cryptocurrency Mining Devices
Law enforcement authorities in Kyrgyzstan have confiscated thousands of crypto mining machines as part of a new offensive against illegal cryptocurrency mining in the country. Investigators have also identified industrial enterprises that have been supplying the bitcoin farms with electricity. дальше »
2021-5-28 10:00 | |
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Comparing the True Costs of Gold Mining in Africa With Those of Bitcoin Mining
When billionaire Elon Musk announced that Tesla would no longer accept bitcoin as payment for its electric vehicles, the price of the crypto asset tanked. In justifying this decision, Musk cited bitcoin mining’s inefficient use of electricity as well as its impact on the environment. дальше »
2021-5-24 12:00 | |
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Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption
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, […] дальше »
2021-5-23 07:00 | |
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Iran to Fine Crypto Miners Using Household Electricity
The Iranian government has introduced a new policy against cryptocurrency miners who use household electricity for their mining activities. Iran to Crackdown on Illegal Mining Activities According to Tehran Times on Sunday, (Amy 16, 2021), a spokesperson for Iran’s Ministry of Energy, Mostafa Rajabi Mashhadi, said that the government would impose a hefty fine onRead More дальше »
2021-5-18 12:00 | |
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Iran Moves to Heavily Fine Crypto Miners Using Household Electricity
The Iranian government has introduced new rules that prohibit cryptocurrency miners from mining bitcoin at home. According to the local news agency The Tehran Times, home miners caught breaking the law would be fined heavily. дальше »
2021-5-17 19:42 | |
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Crypto Miners Using Household Electricity Face Fines as Consumption Spikes in Iran
Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining. дальше »
2021-5-17 13:00 | |
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Iran to Issue Fines for Crypto Miners Using Household Electricity
The Iranian government is hardening its stance on cryptocurrency mining as it announces anyone caught using household electricity to do it will face heavy fines. The post Iran to Issue Fines for Crypto Miners Using Household Electricity appeared first on BeInCrypto. дальше »
2021-5-16 14:59 | |
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Crypto Miner Hive Unloads Norwegian Data Center After Loss of Power Subsidy
Hive has closed shop in Norway over fears it would not be able to meet required development conditions, without tax relief on their electricity consumption. The post Crypto Miner Hive Unloads Norwegian Data Center After Loss of Power Subsidy appeared first on BeInCrypto. дальше »
2021-5-10 20:30 | |
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Electroneum, the second-largest provider of crypto airtime and data top-ups, and the only one with electricity top-ups
The user-base continues to show steady growth across Electroneum and AnyTask. The team expects greater growth as a major TV ad campaign is launched, making... дальше »
2021-4-7 06:06 | |
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Kentucky Pushes Mining Tax-Breaks in Bid to Attract Crypto Community
The Kentucky House Budget Committee approved a bill in a 19-2 vote to eliminate the sales tax on electricity for use in cryptocurrency mining operations. The bill, designed to attract more miners to the state, is now in the Kentucky Senate for review. дальше »
2021-3-5 11:30 | |
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A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity
A Russian company is leveraging the Siberian city of Norilsk located above the Arctic Circle in order to mine bitcoins. Bitcluster, the owner of the crypto mining operation, plans to expand the firm’s activities after launching the facility in late 2020. дальше »
2021-1-17 23:30 | |
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Iran Shuts Down 1,620 Cryptocurrency Mining Farms
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. дальше »
2021-1-6 16:10 | |
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Record-Low Electricity Prices in Sweden Make It ‘a Lucrative Place’ to Mine Bitcoin, Says Report
Bitcoin miners are finding the Nordic lands a profitable opportunity to boost their revenues due to a plunge in electricity prices at the cheapest levels than any other well-known places for crypto mining. дальше »
2021-1-2 14:25 | |
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Nordic crypto miners rake in profits after a drop in electricity prices
The Nordic region has once again become profitable for crypto miners after a period of high electricity costs. A report unveiled this news on December 27, noting that this year recorded the wettest weather and mild temperature in more than 20 years. дальше »
2020-12-28 16:41 | |
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A drop in oil prices will benefit crypto miners in the US and China, Antonopoulos claims
The Bitcoin educator discussed the impact of the drop in oil prices on electricity... The post A drop in oil prices will benefit crypto miners in the US and China, Antonopoulos claims appeared first on Coin Journal. дальше »
2020-6-1 17:13 | |
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Ukrainian Power Plants May Use Excess Electricity to Mine Cryptocurrencies
The Ministry of Energy in Ukraine thinks power plants could be used for crypto mining companies; considering the impact of the COVID-19 pandemic on energy. Crypto mining is one of the most efficient ways of using excess energy, argues the Ministry in a Facebook post from May 6th. дальше »
2020-5-7 20:19 | |
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Court Backs County for Electricity Price Hike Targeting Crypto Mining
A Washington court has sided against six crypto mining entities who sued Grant County for upping the electricity prices it charged to “emerging industries” in 2018
дальше »2020-3-15 19:31 | |
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Which Crypto is the Most Profitable to Mine in 2020?
Crypto mining is becoming exponentially competitive. It used to be that anyone with a PC could mine at a profit, but now you need expensive equipment to stand any chance. So what’s the most profitable crypto to mine in 2020? Bitcoin is the most profitable if you have millions to invest Crypto mining profitability is highly nuanced, it depends on a wide range of variables such as hardware, electricity costs, and the type of cryptocurrency […] дальше »
2020-3-11 01:00 | |
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Severelectro Exec: Crypto Miners Have Been Suspended Kyrgyzstan Since September
It’s been over six months since Kyrgyzstan suspended cryptocurrency mining companies in the country, reported a local media outlet. Before the ban, crypto mining companies had been receiving electricity directly from the Bishkek CHPP and the National Electric Network of Kyrgyzstan. дальше »
2020-3-10 20:40 | |
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Is Central Asia the New Safe Haven for Crypto Mining Amid Iran-US Crisis?
With cheap electricity and friendly regulation, is Central Asia the new promised land for crypto miners?
дальше »2020-1-19 22:06 | |
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Uzbekistan to Create National Mining Pool, Launch Licensed Exchange
Establishing a “national mining pool” has been declared a priority in Uzbekistan. Miners who join the pool will enjoy lower electricity rates, announced the country’s agency overseeing the crypto industry. дальше »
2020-1-16 08:20 | |
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China Forces Bitcoin Miners to Scale Down Amid Electricity Shortfall
With the dry season approaching, Bitcoin miners in China’s Sichuan province may be forced to reduce their electricity consumption. Prioritizing Communal Electricity Needs Over Crypto Miners According to Asia Times, authorities in Sichuan Province, China, are reportedly leaning on Bitcoin miners to cut down electricity consumption. дальше »
2019-12-31 20:16 | |
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33 Illegal Bitcoin Mining Farms Are Raided By Malaysian Authorities
No crypto mining is more profitable than the one made with electricity you didn’t pay for. Recently, Malaysian authorities raided the crypto mining farms of people who believed that they would be able to get high profits by stealing electric energy. дальше »
2019-8-8 17:20 | |
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Iran government legalizes Bitcoin and crypto mining
Cryptocurrency mining farms have been booming in Iran due to its low electricity costs. According to a research conducted by Elite Fixtures, it only costs $3,217 to mine Bitcoin in the Islamic nation using specialized mining hardware, such as the AntMiner S9, the AntMiner S7, and the Avalon 6. дальше »
2019-7-23 13:51 | |
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Iran to set Electricity Tariffs for Bitcoin Mining
Iran’s Economic Commission has agreed to set electricity tariffs for bitcoin mining activities based on the prices used for electricity exports. The new tariff scheme is expected to come into effect as soon as it gets approved by the Iranian Cabinet, according to a Financial Tribune report, July 21, 2019. дальше »
2019-7-23 19:00 | |
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Bitcoin Mining Hotspot Iran Drafts Electricity Tariffs for Crypto Miners
The government of Iran has opted to introduce specific electricity prices for cryptocurrency mining. The west Asian country, which has had a complicated relationship with cryptocurrency in the past, plans to set prices around the same tariffs that are used for exporting electricity. дальше »
2019-7-22 15:32 | |
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Chinese Law Enforcement Authorities Raid Crypto Mining Setup Due to Excessive Energy Usage
Bitcoin miners in China have been arrested after stealing $3 million worth of electricity Miners need large amounts of energy to operate Law enforcement authorities in China have shut down a local mining farm after they registered an increase in the local energy usage. дальше »
2019-7-15 17:00 | |
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China’s Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally
Besides fat-fingered whales, the other species HODLers should learn to fear are large-scale Bitcoin miners whose electricity cost is zero. The reason? Their break-even point is low enough to depress the fair market value of the Bitcoin price, dashing the asset’s seven-figure ambitions. дальше »
2019-7-14 22:30 | |
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Iran Removes Subsidy for Crypto Miners
The Deputy Minister for Energy, Homayoun Haeri, stated that cryptocurrency miners in Iran will no longer have access to the country’s electricity subsidy, and must pay the full cost to run miners, as reported by Financial Tribune on June 10, 2019. дальше »
2019-6-11 15:00 | |
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Energy Minister in Iran: Bitcoin Miners in the Country Will Not Be Subsidized Anymore
Crypto miners in Iran are about to face a very rough time. They could get considerably higher electricity bills in case the current Energy Minister of the country goes forward on his latest idea: to stop charging lower electricity to these companies. дальше »
2019-6-11 02:44 | |
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Iran’s Energy Minister Wants Crypto Miners Charged Real Electricity Prices
Iran’s deputy energy minister has said that power bills for crypto mining should be calculated in real electricity prices and no longer subsidized
дальше »2019-6-11 14:04 | |
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Bitcoin Mining Consumes More Electricity Than New Zealand, Report Finds
Bitcoin mining currently consumes more electricity than the entire country of New Zealand, according to a new report. But the cloud has a green lining: researchers determined that much of that electricity comes from renewables, indirectly subsidizing environmentally-friendly sources. дальше »
2019-6-7 18:32 | |
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Justin Sun of Tron Talks to LongHash in Interview About Crypto’s Slower-Paced Adoption Rate
Theories regarding electricity were already published by the 1600s. However, electricity was not in people’s homes until the late 1800s. Even today, there are millions of homesteads without electricity. дальше »
2019-6-5 23:48 | |
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Chinese Listed Companies and Bitcoin Mining: Partner or Predator?
This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin. дальше »
2019-5-29 18:53 | |
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Eobot – A Crypto Exchange and Cost Effective Cloud Mining Solution
Mining Bitcoin and other Proof of Work (PoW) cryptocurrencies has traditionally required users to invest in expensive mining hardware, called ASICs, to mine new coins. Instead, some operators are using cloud mining solutions, which require little to no hardware to maintain, produce no heat and require virtually zero electricity for the user – with the cloud […] Eobot – A Crypto Exchange and Cost Effective Cloud Mining Solution was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt. дальше »
2019-5-8 11:22 | |
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Quebec’s Energy Board Commits 300MW Energy for Crypto Mining Activities, Looks to Be a Major Force
The French province of Canada, Quebec, had previously frowned upon the crypto sphere, especially when it came to crypto mining. Their distaste led them to charge crypto miners three times the price for the use of electricity in the province. дальше »
2019-5-6 02:24 | |
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Is Bitcoin Mining Really An Environmental Catastrophe?
We’ve seen the screaming headlines: Bitcoin uses more electricity than Ireland! Bitcoin is an environmental terrorist! Bitcoin will use more energy than the whole wide world by next year! (Yes, really… Newsweek actually published that. дальше »
2019-4-25 19:40 | |
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As Supply Exceeds Demand, Mining Price War Ignites in Sichuan
This article was originally published by 8btc and written by Chloe Jiang. The former director of Bitmain’s mining farm, a leading bitcoin mining operation, once said the wet season may not be as much of a boon for miners as many thought. дальше »
2019-4-13 19:07 | |
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Chinese Bitcoin Miners Lose Again after Flocking to Iran for Cheap Electricity
Many Chinese bitcoin miners migrated to Iran in 2018 for its cheap electricity amid China’s crackdown on crypto mining. However, they’re finding the harsh environment in the authoritarian regime unwelcoming. дальше »
2019-4-11 14:55 | |
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