Crypto mining News and Articles

The White House released a report exploring the challenges and opportunities of cryptocurrencies for energy and climate change problems in the US. According to the report, the use of digital assets based on distributed ledger technology is growing. The White House says as an emerging tech...

Armenia, a country at the crossroads between Europe and Asia increases its Bitcoin mining capacity. Recently, the digital platform ECOS revealed adding 60 megawatts of capacity to its mining facility running from 2018. Processing at one of the hydroelectric plants on the Hrazdan river, the mining...

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....

European Union’s lawmakers rejected a Green Party plan to explore other methods of proof-of-work mining that powers the Bitcoin blockchain. Earlier, the European Parliament didn't approve the proposal to impose limitations on the PoW systems. A Spanish member of the parliament's Green caucus...

Against the background of the resumption of capital inflows into the cryptosphere, mining companies were able to win back the losses incurred in May and June. Shares of the largest miners have, on average, rebounded 120% since the beginning of July, according to Yahoo Finance. In particular, shares...

The Congress of the US wrote a letter to the presidential administration related to crypto mining and its impact on surroundings. Democratic lawmakers questioned seven crypto mining firms about the energy they use. Reports show that miners are consuming essential amounts of electricity. Seven of...

Kazakhstan’s president Kassym-Jomart Tokayev approved a new law that increases taxes on crypto miners based on the consumed electricity and costs. The law defines that the new tax rate is set by the medium rate of electricity used to mine cryptos during a certain tax period. Also, there are...

The White House is exploring the mining of cryptocurrencies and its impact on the environment. A report by Bloomberg informs that a task force now is examining the benefits and shortcomings of the sector to develop proper policy suggestions. Costa Samaras, who serves in the White House Office of...

Top GPU (Graphics Processing Unit) company Nvidia was fined for not reporting details on how crypto mining impacted the company's gaming business. The US SEC published a press release saying that Nvidia agreed to pay a $5.5 M penalty for not reporting that crypto mining was a part of the company's...

The Republic of Uzbekistan will enable domestic and foreign firms to mine cryptos using solar energy without requiring an income tax according to a presidential order published on April 27. The government mentioned that it is necessary to ensure a regulatory environment for the future developments...

Texas-based major oil and gas corporation Exxon Mobil is processing a pilot program using natural gas surplus to fuel crypto mining processes. A Bloomberg news article, citing people standing close to the subject, says the company considers doing the same in different places worldwide. Exxon Mobil...

The president of Russia, Vladimir Putin does not totally agree with the position of the country's Central Bank that crypto mining and trading should be banned. Today, during the meeting with the government members, Putin talked about crypto regulations. Referring to the paper released recently by...

The police of Kosovo disclosed seizing 300 BTC mining machines on Jan. 8. In a release published by the country's police, it’s said that performing legal duties, officials together with the regulator Kosovo Customs found BTC mining hardware ANTIMER in the region of North Mitrovica. In another...

Iranian Ministry of Energy decided to temporarily stop operations of crypto mining hubs. The reason is the high level of electricity usage in winter. Chairman of the country's power grid developer and operator, Iran Grid Management Company, Mostafa Rajabi Mashhadi talked about the adopted measures...

The State Duma of the Russian Federation together with Ministries of Economic Development, and Energy are considering legalizing and regulating the crypto mining sector in the country. According to the press release published by the news provider Izvestia, the authorities find this will be...

Leading crypto mining manufacturer Bitmain announced it no longer delivers mining equipment to China (except for Hong Kong and Taiwan). According to the press release published by the company, it suspends the shipping from October 11. As for overseas business activities, they continue as usual. The...

Iran's Ministry of Industry has allowed 30 crypto mining companies to carry out operations after receiving licenses. The news was published on the official website of the country's regulatory body. Semnan province got six licenses. Alborz, Mazandaran, East Azarbaijan, and Zanjan got four licenses...