Bitcoin mining News and Articles

Data reveals that Bitcoin mining difficulty reached a record all-time high hitting 32.05 trillion hashes. This means that miners need to perform more than 32 T hashes to solve a mathematical puzzle and add a new block to the blockchain. After the previous estimation, the difficulty increased by...

Cryptocurrency mining pool Poolin announced that its service PoolinWallet is halting all withdrawals, flash trades, and internal transfers within the system from September 5. According to the company, the aim is to preserve assets and stabilize liquidity along with operations amid the dull market....

Crypto platform Celsius got approval from a U.S bankruptcy judge to mine and sell bitcoins. According to the court document, mining is one of the main operations of Celsius, which Debtor subsidiary Celsius Mining LLC is among the largest crypto mining firms in the US. The release also noted the...

BTC mining company Bitfarms sold half of its Bitcoin holdings, which is 3,000 coins in the past week for around $62 M to reduce debt as the decline in the BTC price has had a negative impact on the business. The team wrote that it now holds around 3,349 Bitcoins, and daily BTC production of about...

Norway’s Parliament said no to the proposal to prohibit energy-intensive crypto mining in the country. The proposal was made by Norway's political party Rødt (Red Party) in March. Rødt finds that it is better to use Norway's natural power sources for other purposes than crypto mining saying...

Toronto-based BTC mining firm Bitfarms issued an update for operations in April 2022. The company noted that 405 Bitcoins were mined which makes 13.5 Bitcoins per day on average. The number of mined Bitcoins went up by 75% from April 2021, and the mining hashrate reached 3.3 exahash per second....

Global investment company SkyBridge Capital, founded and run by financier Anthony Scaramucci started a new investment vehicle focused on Bitcoin mining. According to a US SEC (Securities and Exchange Commission) filing, the investment product called SkyBridge BTC Mining L.P. raised around $7 M. The...

Leading blockchain infrastructure builder Blockstream and financial services provider Block (previously Square) will build a facility in Texas for mining Bitcoin using Tesla's solar and storage technology. Adam Back, Blockstream's co-founder, and CEO unveiled the news at Bitcoin 2022. Together with...

HIVE Blockchain Technologies has agreed with Intel to purchase BTC mining equipment based on an ASIC chip developed by the corporation. A batch of miners will be made to order by HIVE. Deliveries are expected to begin in the second half of 2022 and be completed within 12 months. The company did not...

Hashrate of the Bitcoin network hit a new all-time high of 248.11 exahashes on February 12. Hashrate indicates the total computational power that the network of computers, miners use to produce new blocks. This way, miners secure the network. A higher hashrate means higher security....

Technology-driven investment management firm Galaxy Digital started an ESG (environmental, social, and governance) program focused on ensuring environmentally-friendly Bitcoin mining. Founder and CEO of Galaxy Digital, Mike Novogratz wrote that the company built a structured approach to implement...

Leading technological corporation Intel is going to unveil a new, environmentally friendly BTC mining ASIC at the upcoming International Solid-State Circuits Conference (ISSCC), which will take place next month. In the program, published by ISSCC, it's mentioned that session 21, highlighting chip...

Financial services company Block (previously Square) is looking for specialists to launch the next-gen bitcoin mining ASIC (application-specific integrated circuit) system. The company posted several job announcements on Linkedin looking for a custom digital design lead and digital product...

The government of the Republic of Kosovo told Bitcoin and other crypto miners to stop activities, while the country faces challenges with electricity. Kosovo local media Gazeta Express informs that the Minister of Economy, Artane Rizvanolli said that law enforcement suggests identifying locations...

Recently, the police in Manjung County, southwestern Perak, Malaysia, in collaboration with the international electricity company (TNB) and the fire and rescue station, carried out a large-scale operation to combat electricity theft, during which 1,720 mining machines were seized from attackers...

The government of the People's Republic of China intends to impose harsh penalties on government agencies that continue to mine digital assets in the short term. The authorities want to speed up the process of the complete eradication of cryptocurrencies from all areas of activity. As of today, the...

After China's ban on crypto mining, released in May, the USA became the leader of BTC mining. A study by the Cambridge Centre for Alternative Finance shows that the BTC mining hashrate of China dropped from 44% to 0% between May and July. In 2019, three-quarters of the world’s hashrate came from...

Former mayor of Bogota, Colombian politician, and presidential candidate Gustavo Petro finds it will be beneficial for the country to follow the example of El Salvador and mine BTC using natural resources. On October 1, the president of El Salvador, Nayib Bukele announced that the country started...