Cryptocurrencies Mining News
IMF Watchful As Crypto Mining Could Help Russia Evade Sanctions
The International Monetary Fund (IMF) remains wary of a possible scenario where countries like Russia and Iran may use crypto mining to avoid sanctions. In the global financial stability report by IMF, the monetary institution expressed concerns regarding the risks the digital currency poses to the global financial market.
Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per day in profits. SHA256 bitcoin miners that can process at speeds up to 110 terahash, can obtain $13.74 per day in bitcoin profits.
Kazakhstan to Increase Tax for Miners, Considers Tying Levy to Crypto Prices
The government of Kazakhstan is preparing to increase the tax burden for cryptocurrency miners and intends to tie the new rate to the value of the minted cryptocurrency. The authorities in Nur-Sultan believe that such an approach would have a positive effect on the state budget.
Data Shows Bitcoin Miners Have Sold Big Recently
On-chain data suggests Bitcoin miners seem to have dumped big recently as their outflow has spiked to the largest value since more than a year ago.
Bengal Energy to mine Bitcoin using ‘stranded wells’ in Aussie outback
Canadian oil and gas miner Bengal Energy, is set to begin its trial project of accessing formerly “stranded” gas wells with portable Bitcoin mining rigs.
Cheap Coins: Which Bitcoin Miners Enjoy The Best Electricity Pricing?
Bitcoin mining is still big business for miners. However, it is an energy-intensive activity which means that for it to be a profitable venture, miners would have to look for the cheapest electricity options available. This had been behind most of the miners previously set up in China but after the crackdown, had been forced to find cheap electricity elsewhere. This report takes a look at the miners who have managed to get access to some of the cheapest electricity.
US Still Dominates Bitcoin Mining Sector, 30-Day Stats Show Foundry USA Takes Top Pool Position
Since the Cambridge Bitcoin Electricity Consumption Index (CBECI) project updated its mining map in mid-July, the United States has continued to dominate in terms of the amount of hashpower worldwide. Moreover, data shows that Foundry USA has managed to command the top pool position with 755 bitcoin block rewards mined during the last 30 days.
How one Tesla owner mined crypto with his car
Siraj Raval after connecting a GPU to his Tesla’s battery was able to mine around $800 ETH.
Chinese Crackdown Bolsters Bitcoin Mining in Thailand, Bigger Investors Eye Setting Up Operations in Laos
A crackdown on bitcoin mining by China has led to an increase in the number of Thai investors that have acquired and are operating mining rigs, a report has said. The report adds that many of these investors are currently earning between $30 and $40 per day from each mining rig.
Crypto miners in Kazakhstan flee over aging electricity infrastructure
Kazakhstan's inability to supply consistent electricity is forcing miners out of the country.
Bitcoin Mining Experiences 8th Consecutive Difficulty Since China’s Ban
Things turned south for Bitcoin (BTC) miners in May as China intensified crackdowns on this sector. Even though miners have found the right footing by relocating to other areas like the United States, the eighth consecutive difficulty is being witnessed.
Bitcoin miners score their second-highest month of revenue ever with $1.72 billion in October
Bitcoin miners hauled in $1.72 billion in revenue during October, new monthly data shows, the second-highest level on record.
Does cloud mining pays off? How to choose the best cloud mining website?
Crypto cloud mining is a method of mining in which you pay a monthly amount to the mining company and ask them to mine the cryptocurrency you want. Crypto cloud mining is a system for mining cryptocurrencies that uses the power of rental processors. It does not require the direct installation and mining of related hardware and software. The companies that offer cryptocurrency cloud mining services allow people to open accounts for mining purposes. Then remotely participate in the process of mining cryptocurrencies by paying a fixed fee. This innovation makes mining accessible to more people around the world.
Bitcoin mining hardware maker Canaan's stock price surges more than 80%
Canaan, the bitcoin miner manufacturer that's listed on the Nasdaq exchange, saw its stock price soar by more than 80% on Wednesday.
North Korea Is Expanding Its Monero Mining Operations, Says Report
North Korea is stepping up mining of the privacy coin monero as the regime continues its efforts to circumvent sanctions.
New York Crypto Mining Farm Coinmint Set to Dissolve?
An ongoing dispute between the two partners who hold equal shares in multi-cryptocurrency mining company Coinmint has resulted in one of the partners filing to dissolve the company. Coinmint claims to be the largest digital currency data centre in the world with the company operating in the former Alcoa aluminium smelting plant in Massena, New York.
Bitcoin Mining Farms Not Closing Because of Coronavirus
Some 70% of mining is in China where an outbreak has led to 80% of the people there staying indoors according to a bitcoin miner in China.
Large Bitcoin Cash (BCH) Mining Group Opposes Dev Fund Proposal
There are some dissenting voices within the Bitcoin Cash (BCH) community.
Iran Issues More Than 1,000 Cryptocurrency Mining Licenses
The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away.
Bitcoin Cash miners propose 12.5% share of block rewards to support ecosystem
Jiang Zhuoer, CEO of BTC.TOP, the largest mining pool on Bitcoin Cash, announced a proposal through a blog post that would redirect 12.5% of Bitcoin Cash Coinbase block rewards to a development fund.
CFTC Chairman Confirms Bitcoin, Ether Are Commodities
TA: Why Bitcoin Price Could Explode Above $30.6K In Near-term
Cryptocurrency Is ‘Worthless,’ European Central Bank President Says
Crypto Weekly Roundup: CEO Still Trusts BTC, Cloudflare Takes On New Challenge, Terra Starts Revival Plan, And More
Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap
Rich Dad Poor Dad Author Warns Bitcoin (BTC) Could Test New Epic Lows – Here Are His Targets
Report: Finder’s Panel sees the end of Shiba Inu by 2030
Commonwealth Bank puts crypto trading trial on ice as regulators dither
Trademark Applications Suggest Meta May Launch Crypto Platform
Impermanent loss challenges the claim that DeFi is the ‘future of France’
What is the Crypto Fear and Greed Index?
Global Debt Reaches a Record USD 226 Trillion