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Venezuela shuts down crypto mining facilities, exchanges amid corruption probe

Venezuela's energy supplier has shut down crypto mining facilities throughout the country as part of a reorganization of the national crypto department and ongoing corruption investigations involving the country's oil company.According to local media reports, crypto mining companies, and tweets from Venezuela's National Association of Cryptocurrencies, mining facilities were shut

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Bitcoin Difficulty Increases for Third Time in Six Weeks, Miners Remain Undeterred With High Hashrate – Mining Bitcoin News

On March 23, 2023, bitcoin experienced another difficulty increase, following two previous rises in the last month, jumping 7.56% higher. Currently, bitcoin miners have not been deterred by the increases, as the network hashrate has been coasting along at 346 exahash per second (EH/s). Bitcoin Hashrate Remains High Despite Recent 7.56%

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How Montana stands to benefit if its pro-crypto mining bill is approved

The Montana Senate recently passed a bill designed to protect crypto miners operating within the state. The proposed law, which is currently making its way through the state's House of Representatives, seeks to protect both individual and commercial miners in Montana against discriminatory laws by scrapping some of the rules

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Bitcoin Mining Industry Is Well Positioned to Participate in a New Cycle: Bernstein

If the 2024 halving follows the same pattern as earlier ones, the BTC mining industry would see “lower competitive intensity” due to the sector’s wipe-out in the bear market of 2022, and higher bitcoin prices, which would deliver improved profitability before additional mining capacity comes online, the report added. Original Source

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Bitcoin Mining In Texas Remains Undeterred Amid Concerns Over Power Consumption

Texas’ Bitcoin mining industry has shown growth amid turmoil in the crypto industry and concerns over power consumption. Power consumption of Bitcoin miners in the state has risen 75% over the past year. Some counties in the state of Texas have offered tax incentives along with wind and solar energy to miners. A

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Bitcoin Mining Firm Navier Starts Tokenized Hashrate Marketplace for ‘Qualified’ Customers

According to Navier, the existing two models available come with a lot of uncertainty. In the Compass Mining model, you have to trust another firm of delivering the right machines at the right time, without any damage, and then sign an agreement for hosting, and hope there are no “gotchas”

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Several Crypto Mining Operations Busted in Russia – Mining Bitcoin News

Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming legislation for the industry. ‘Underground’ Crypto Mining

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