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 BitcoinCorruptionCryptocryptoexchangeExchangesFacilitiesMiningProbeShutsVenezuela Read More
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% BitcoinDifficultyHashrateHighIncreasesMinersMiningNewsRemainTimeUndeterredWeeks Read More
The majority of the 6,376 mining rigs BlockFi sold to U.S. Farms & Mining are Bitmain Antminers, according to a previous filing. They are spread across the U.S. in Texas, Georgia, Kentucky and North Dakota, although the company also has some in Norway. About 400 of the machines had come 4.7MBankruptBlockFiCryptoGoAheadLenderMiningRigsSale Read More
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 ApprovedbenefitBillBitcoincryptoexchangeExchangesMiningMontanaProCryptoStands Read More
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.
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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 BitcoinConcernsConsumptionMiningPowerRemainsTexasUndeterred Read More
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” BitcoincustomersFirmHashrateMarketplaceMiningNavierQualifiedStartsTokenized Read More
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.
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In this week’s episode of Market Talks, Cryptox welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When he is not attending to his own mining rigs, Kramer provides consultation services to home-based operations and larger startups on how to set up mining farms.We start things off CryptoMarketMiningTalksWatchWorth Read More
The liquidation of bitcoin holdings was particularly strong in June 2022, when miners sold 14,200 bitcoins, according to Zhao’s analysis. Roughly half of that was from now-bankrupt Core Scientific. Since then, miners tracked by Zhao have been selling 5,000 to 7,000 bitcoins per month, more than twice as many as BitcoinCryptoEndsEraHODLersMiningWinter Read More