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mining News and Articles



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...

Ethereum hashrate high

Ethereum Hashrate Set a Record High

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As data from Etherscan show the processing power of the Ethereum network reached a new all-time high on September 12, hitting 715.4 terahash/second. The highest mining difficulty of the network was 9,056.548 TH on Sunday. The indicator started to go up in late June. On May 21, China State Council...

Mining

Bitcoin mining difficulty increased by more than 7%

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At the end of this week, another adjustment to the difficulty of bitcoin mining took place. This figure rose by 7.3% to 15.56 T. Thus, Bitcoin experienced its second consecutive positive correction after a record fall in difficulty amid the crackdown on mining pools in China. Recall that the...

Greenidge Generation

Greenidge Generation uses mining profits to build a solar farm

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Renowned mining corporation Greenidge Generation mentioned it intends to build a solar farm to create a modern, high-tech environment for local businesses and workers. The message says that this idea will be implemented with funds received from the mining of digital assets. Greenidge Generation...

Angela Walch

Professor of law: Miners have power over the blockchain

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One of the teachers at St. Mary's University, professor of law Angela Walch appealed to the US Senate with a call to regulate legislation regarding the process of mining digital assets as soon as possible. Walch expressed confidence that to make informed decisions, the government should more...

Kazakhstan

Kazakhstan was included in list of the largest BTC miners

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China's share in bitcoin hashrate began to decline long before the crackdown on miners began. Currently, the PRC is still ranked first in the ranking of countries in terms of the amount of computing power generated in the bitcoin network. However, the trend for the weakening of the share of the...

Mining

Bitcoin mining power consumption fell by almost 60%

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The power consumption of the bitcoin network has dropped to its lowest level since November 2020. The Cambridge Bitcoin Electricity Consumption Index (CBECI) dropped almost 60% on an annualized basis. If in the spring miners consumed more than 143 TW/h of electricity, now this volume is about 62...

Novogratz

Novogratz spoke about point of flight of miners from China

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Against the background of the tightening of the policy of the Chinese authorities, mining companies are massively migrating to safer jurisdictions. It was this factor that led to a record drop in the bitcoin hash rate to the lowest values since May 2020. That has dropped below 100 exahashes per...

Ethereum

Ether hashrate drops 20% due to shutdown of Chinese miners

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Bitcoin miners are not the only ones suffering from repression in China. Forced to suspend equipment and those pools that provide the computing power of the Ethereum network. Over the past two weeks, there has been a rapid decline in the ETH hashrate. An important development was the recent...

Chia

Crucial limits Chia mining on SSDs but then changes its mind

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SSD manufacturer Crucial threatened to void the guarantees for the devices that were used to mine the Chia cryptocurrency but later denied this statement. Last week, the company revised its warranty policy to include a clause stating that "using Crucial SSDs for crypto mining will void the...

Sichuan

Sichuan province miners ordered to stop work until June 20

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The authorities of the Chinese province of Sichuan demanded to stop the activities of “key” miners and forbade local energy companies to supply them with electricity. According to the portal, on June 18, the Sichuan Provincial Development and Reform Commission and the local Department of Energy...

Mining

The difficulty of mining bitcoin fell by 5%

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Against the backdrop of repressions against Chinese miners, the bitcoin hash rate began to decline rapidly last week. Today this figure is around 110 exaches per second (EH/s). On June 10, the hash rate exceeded 140 EH / s, and a day later it fell below 100 EH/s. Only today the computing power has...

Iran

Iran bans cryptocurrency mining until September

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The Iranian authorities have banned the mining of digital assets until the end of the summer of 2021. According to the statement of the President of the country Hassan Rouhani, authorized cryptocurrency mining consumes about 300 MW, while unauthorized mining consumes 2,000 MW. "Starting today,...

China

Chinese authorities are forcing miners to leave the country

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In several provinces of China, in early May, miners began to be disconnected from the power supply. In parallel, the country's authorities announced tough measures to suppress crypto mining. According to Reuters, BTC.TOP and HashCow have already been suspended in China. Later it became known that...

Argo

Argo Blockchain got green data centers for mining in Canada

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Argo Blockchain has bought two data centers in the Canadian province of Quebec. The facilities previously owned by GPU.one are using the power of the local hydroelectric power plant. The total capacity of the data centers is 20 MW. They already house "a significant portion" of the Argo...

BTC mining difficulty ath

Mining Difficulty of BTC Sets New Record Highs

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The mining difficulty of BTC reached a new high of 25.05 trillion, which means about a 21.53% increase. As it is known mining is the process of new bitcoins adding the circulation and the difficulty indicates how complicated it is to mine a block or how much calculational effort it requires. ...

China

China is steadily losing its status of the largest BTC miner

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China continues to control the lion's share of the BTC hashrate. However, in the expert environment, some have already paid attention to factors signaling a gradual decrease in the influence of the Celestial Empire on the BTC network. According to Chun Wang, co-founder of one of the greatest mining...

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