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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.

21 APRIL 2022

News

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.

17 APRIL 2022

News

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.

15 APRIL 2022

News

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.

10 APRIL 2022

News

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.

31 MARCH 2022

News



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.

24 MARCH 2022

News

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.

25 JANUARY 2022

News

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.

12 JANUARY 2022

News

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.

8 JANUARY 2022

News

Crypto miners in Kazakhstan flee over aging electricity infrastructure

Kazakhstan's inability to supply consistent electricity is forcing miners out of the country.

29 DECEMBER 2021

News

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.

3 NOVEMBER 2021

News

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.

2 NOVEMBER 2021

News

Does cloud mining pays off? How to choose the best cloud mining website?

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.

27 MAY 2021

News

Bitcoin mining hardware maker Canaan's stock price surges more than 80%

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.

22 APRIL 2020

News

North Korea Is Expanding Its Monero Mining Operations, Says Report

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.

13 FEBRUARY 2020

News

New York Crypto Mining Farm Coinmint Set to Dissolve?

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.

10 FEBRUARY 2020

News

Bitcoin Mining Farms Not Closing Because of Coronavirus

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.

29 JANUARY 2020

News

Large Bitcoin Cash (BCH) Mining Group Opposes Dev Fund Proposal

Large Bitcoin Cash (BCH) Mining Group Opposes Dev Fund Proposal

There are some dissenting voices within the Bitcoin Cash (BCH) community.

28 JANUARY 2020

News

Iran Issues More Than 1,000 Cryptocurrency Mining Licenses

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.

27 JANUARY 2020

News

Bitcoin Cash miners propose 12.5% share of block rewards to support ecosystem

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.

23 JANUARY 2020

News

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