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mining News and Articles



China

Chinese miners control over 22% of bitcoin hashrate

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In May 2021, the Chinese authorities began to force miners out of the country. As a result, the computing power of the Bitcoin network collapsed to a minimum since 2019. If before China was the world leader in terms of bitcoin capacity, now American miners control the lion's share of the BTC...

Bitcoin

Bitcoin mining difficulty drops for the first time since November 2021

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The bitcoin hashrate in mid-February reached an all-time high. Computing power exceeded 215.5 exahash per second (EH/s). Over the past six months, they have increased by about 45%. Then the activity of the miners began to fall, and already on February 28, the hashrate fell to 190.6 EH / s, but then...

Illinois

In Illinois proposed to introduce tax incentives for miners

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A bill has been introduced in the Illinois State Senate to extend the data center tax credit program to businesses that mine BTC and other cryptos. The paper was documented by Republican Senator Sue Rezin. Democrat Julie Morrison joined as co-sponsor. The program noted in the bill has been...

Intel

Intel intends to develop accelerators for mining devices

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Intel recently officially announced its intention to contribute to the development of distributed ledger technology by presenting its development in the form of an accelerator for mining devices. Raja Koduri, vice president of the Computing and Graphics Department, announced this. In his statement,...

BTC mining

Miners staged a sale of bitcoins in early February

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According to Glassnode, the fall of the market in 2022 was provoked, among other things, by bitcoin miners. They dumped part of the mined cryptocurrency, which led to a rollback of BTC below $33,000 last month. However, sales started only at the very end of January and continued into the first days...

Kazakhstan

Kazakhstan plans to increase the fiscal burden on miners

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Kazakhstan is included in the list of the largest bitcoin miners. This country, along with the United States and Russia, has become a place of work for miners who migrated from China in the middle of last year. The President of the Republic, Kassym-Jomart Tokayev, ordered the government to submit...

Hrazdan

A data center for mining will be placed in Armenia

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The Armenian authorities plan to decommission the old Hrazdan thermal power plant and place an enterprise for the extraction of cryptocurrencies on its territory. On January 20, the project on leasing part of the station territory was approved by the Public Services Regulatory Commission of...

BTC

Bitcoin miners' reserves rise to annual high

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Currently under the control of mining pools is the largest number of bitcoins in 2021. According to the CryptoQuant company, the reserves of miners have already exceeded the maximum indicators in May. That is, over the past six months, the pools refused to sell all the received cryptocurrency and...

mining

Miners adhere to a cumulative strategy

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Over the past two years, bitcoin miners have joined the ranks of hodlers or long-term holders of cryptocurrencies. If in 2017-2019 mining pools mainly sold coins, then the latest data from the Glassnode platform shows that their strategy has changed. Since the beginning of 2020, they have chosen to...

Thailand

72 bitcoin miners worth $60,000 were burnt in Thailand

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In early December, a bitcoin mining farm consisting of 72 ASIC miners burned down in the Thai province of Chiang Mai. The fire broke out at night on the second floor of a three-story office building. Because there was no one on the neighboring premises, the firefighters arrived at the scene too...

Mining

Capitalization of mining companies falls against the backdrop of BTC

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The share price of the largest mining companies collapsed this week amid a massive pullback in Bitcoin and other digital currencies. The price of BTC fell below $ 47,000 the night before, and altcoins were also in the red. As a result, investors began to withdraw from the shares of mining companies...

Mining

90% of bitcoins are already mined

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As of December 12, 90% of bitcoins were mined, according to data from the Blockchain.com service. Mining pools have managed to mine 18.89 million coins from 21 million BTC so far. Recall that Bitcoin mining will stop after the mining of 21 million coins, this is the concept formed by the creators...

Mining

Shares of mining firms turned out to be more profitable than BTC

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Ether (ETH) was not the only one that showed the highest profitability compared to Bitcoin in 2021. Mining stocks also outperformed the largest digital currency in terms of performance, Arcane Research said in a report. At the same time, analysts remind that investing in the mining industry is...

Mining

Sweden urged to ban Bitcoin mining in the EU

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Swedish regulators believe that Proof-of-Work mining of BTC and other cryptocurrencies will prevent the country and the European Union from complying with the Paris Agreement on Climate Change. In a joint statement, the head of the Financial Conduct Authority, Eric Tedeen, and the head of the...

Bitcoin

Bitcoin miners' reserves hit six-month high

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Mining pools have been accumulating bitcoins over the past six months. Now the reserves of miners are at their highest level since the beginning of May, that is, before the fall in the value of BTC. CryptoQuant research says that despite tiny drops, mining pools generally continue to hoard. This...

Nvidia

Nvidia's ampere cryptomining monster GPU goes on sale

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The most powerful mining chip of the Nvidia CMP 170HX series is now available to retail buyers. The sales of the video card started in the Vipera online store in Dubai, where a batch of 230 devices arrived. At the heart of the CMP, 170HX is the GA100 GPU based on Ampere architecture, equipped with...

Ethereum

Miners' wallets have accumulated the greatest amount of ETH

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Ether (ETH) mining pools have been cutting cryptocurrency sales over the past few months. If in August the largest amount of ETH was stored in the wallets of Ethereum miners since May 2017, now this figure has reached its maximum since June 2016. In a report from analysts at Santiment, the pools...

BTC

Miners switched to accumulation amid recovery of BTC hashrate

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In June, the bitcoin hash rate dropped to 84.79 EH/s, the lowest since September 2019. The drop in network capacity was observed against the background of the mass migration of miners from China. Almost all mining pools began to sell the mined BTC to receive funds for the transportation of...

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