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The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per second (EH/s) of Greenidge’s mining capacity, and Greenidge further entered into a hosting deal with
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Bitcoin’s mining difficulty target is expected to increase on Dec. 19, 2022, after printing the largest reduction recorded in 2022 on Dec. 5, at block height 766,080. During the last 2,016 blocks, Bitcoin’s hashrate has been around 254.3 exahash per second (EH/s), and block intervals have been faster at 9:41
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United States prosecutors have laid charges in two separate cases against nine people who founded or promoted a pair of cryptocurrency companies alleged to be Ponzi schemes that netted $8.4 million from investors.On Dec. 14 the U.S. Attorney’s Office for the Southern District of New York unsealed the indictment, alleging
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On this week’s episode of Market Talks, Cryptox welcomes Drew Vosk, founder of VoskCoin, a cryptocurrency YouTube channel with over 607,000 subscribers.This week, we take a deep dive into all things crypto from the unique perspective of a Bitcoin (BTC) miner. We get Vosk’s take on the things that are
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According to recent Arcane Research predictions, Bitcoin might be a large energy user in 2040 if its price reaches several million dollars. According to new projections by Arcane Research, Bitcoin (BTC), the world's most valuable cryptocurrency, has the potential to be a large energy consumer in the future, but only
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The Canadian Bitcoin (BTC) mining firm Bitfarms is facing compliance challenges over its listing on Nasdaq due to the ongoing cryptocurrency winter.Bitfarms received a warning notification from Nasdaq on Dec. 13 because the company’s share price has stayed below $1 for 30 consecutive working days.Announcing the news on Dec. 14, Bitfarms
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Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates. Amateur Crypto Miners in Russia Under Pressure Despite Lack of Regulation
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The utility behind the Fukushima nuclear reactor is trying our crypto mining. Source
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The Maryland-based mining company also said it has restructured a previous agreement with Bitmain to add 8,200 new machines to its fleet. Source
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Several small investors have manifested that the constant blackouts in several parts of Cuba have made cryptocurrency mining unsustainable, leaving them unable to operate their rigs. The blackouts also affect telecommunications, leaving some of these operations that rely on off-grid power plants without the internet needed to complete mining tasks. Cryptocurrency
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