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According to local news outlet Arz Digital, the day prior, Rajabi Mashhadi, a spokesperson for Iran's Ministry of Energy, said that the entity would be cutting the power supply to all of the country's licensed crypto mining firms by the beginning of July.Citing an anticipated electricity deficit from the peak-summer
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The move comes as more miners have begun using alternative sources of funds to support their expansion. Source
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A Chinese prosecutor is reported to have given a thumbs up to the arrest of a listed big data company director accused of embezzling $8 million and using the funds to buy bitcoin mining rigs. Although Li Qunnan has denied the allegations, executives insist their evidence implicates him. Director’s Unsanctioned Use
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Crypto miner Hive Blockchain (HIVE) sold about 10,000 ether (ETH), the native token of the Ethereum blockchain, to pay for Intel (INTC) bitcoin mining rigs, as most miners are starting to sell some of their mined digital assets to pay for their operating costs. Original Source
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Miners that use hardware in the same category as Bitmain s9s with energy prices over 5 cents are likely to capitulate, Denis Rusinovich, co-founder of CMG Cryptocurrency Mining Group and Maverick Group, told CryptoX. That might entail powering off their machines or selling them. Ethan Vera, chief economist and operating
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Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground coin minting, carry out regular raids against such facilities. Cryptocurrency Miners in Dagestan Accused of ‘Illegal Entrepreneurship’ Officers from the
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Following Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new miners as well. Revealed during the Bitcoin 22 conference in Miami, Microbt showcased the company’s new Whatsminer M50 series, which offers hashrate speeds of
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According to Ethereum developer Tim Beiko, The Merge is likely to be pushed to the third quarter of 2022. Despite the delay, Beiko also said he “strongly suggests not investing more in mining equipment at this point.” The Merge May be Delayed, Ethereum Hashrate Taps New ATH Four days ago, Bitcoin.com News
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