Tags : Mining

Market

China mining shock may not be over yet, experts suggest

Earlier this year, the Chinese government took the momentous step to ban any crypto mining operations based within its borders, causing a massive exodus of hashing power — 168 exa hashes per second (EH/s) to nearly 86 EH/s as of June 23, representing a drop of nearly 40% — from China to surrounding countries.  As […]Read More

Regulation

Venezuela cut off power to Bitcoin (BTC) mining plants despite

Bitcoin (BTC) miners in one of Venezuela’s most important industrial states, Carabobo, had their electricity cut off by authorities, Criptonoticias reported.  On August 7, the regional officials effectively shut down crypto mining operations in the key state by suspending the power supply to all registered miners in the territory. Putting pressure on underground mining According […]Read More

Bitcoin

China’s Anhui province begins its clampdown on Bitcoin (BTC) mining

Eastern China’s Anhui province became the latest regional county to ban Bitcoin mining in the country, weeks after the government unleashed a harsh plan to stamp out the activity in the nation, reported news outlet Reuters this morning. Anhui stamps out crypto mines Anhui, known among tourists for its low-hanging clouds, distinctive granite rocks, and […]Read More

Bitcoin

How to build a profitable industrial-scale Bitcoin mining operation

So you want to build an industrial-scale Bitcoin mining farm, or scale up a smaller operation. Chances are you’re being forced to make the decision, too: Either scale up and become more competitive with other mining operations or have someone else mine for you by outsourcing or pooling — or stop mining altogether. Over the […]Read More

Bitcoin

‘Clean’ Bitcoin (BTC) mining is coming via this Ohio nuclear

With China’s current negative stance towards Bitcoin mining plus Elon Musk’s Tesla insistence that they would only accept the digital asset as a payment method only if the mining process of the coin becomes more environmentally friendly, many crypto miners have been left to rue their losses. Some, however, have found this as an opportunity […]Read More

Cryptocurrency

‘Bitcoin Mining Council’ says 56% of all mining is sustainable

The Bitcoin Mining Council, a self-regulating group they aren’t ‘responsible” that assesses Bitcoin mining companies and mining activities, has revealed the result of its Q2 findings based on electricity consumption and sustainable power mix. The Council is a voluntary forum formed by crypto miners and industry experts, such as Michael Saylor and Elon Musk. The […]Read More

Bitcoin

Bitcoin ‘block times’ hit lowest point in 10 years after

Bitcoin ‘block times’ hit lowest point in 10 years after China mining ban | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Bitcoin › Mining Bitcoin reached its slowest block time in 10 years on June 27th indicating a clear consequence of China’s mining ban. […]Read More

Bitcoin

El Salvador releases ‘sneak peek’ of volcanic Bitcoin mining

El Salvador releases ‘sneak peek’ of volcanic Bitcoin mining | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Bitcoin › El Salvador › Mining The country has proposed geothermal energy generated via volcanoes to power mining farms. Here’s what it could look like. Shaurya Malwa […]Read More

Bitcoin

Could Paraguay emerge as a Bitcoin mining hub after China

Bitcoin miners were dealt a blow in May as the Financial Stability and Development Committee of the State Council of China announced further controls on financial risk. The announcement was the latest in China’s long-running friction with the cryptocurrency industry. But this time, given the Chinese Communist Party’s promotion of its digital yuan, it looks […]Read More