mining News and Articles

Another change to the level of difficulty for mining bitcoins was made on Monday. The highest rise in difficulty since May 2021, this metric is up 13.55 percent. The previous change was made on September 14 when the challenge increased to 32.05 T. It climbed to 35.61 T on October 10. In parallel,...

The current week started with the strengthening of bitcoin. The largest digital currency for the first time since the end of September began to trade above $20,000. In a day, the BTC rate strengthened by 4% to $20,092. Altcoins were also able to partially win back losses. Ether (ETH) rose to $1340,...

As a result of the collapse of bitcoin, the largest mining companies suffered heavy losses. The list of victims is headed by miners Core Scientific, Marathon, and Riot. Their total losses have exceeded $1 billion since the collapse of the Terra ecosystem. Other companies Bitfarms and Greenidge also...

Mining companies eased the pressure on bitcoin in July by reducing sales of the cryptocurrency. Nevertheless, they did not completely abandon the sale and sold part of the BTC they mined last month. Mining pools sold 3,767 BTC in July, according to the Hash Rate Index. During the same time, they...

According to White Rock CEO Andy Long, during the dominance of bearish sentiment in the market, companies need to focus on infrastructure development. Now there are excellent opportunities for new acquisitions and partnerships between industry participants, the expert told CoinTelegraph. Many...

This week the air in Texas has warmed up to 40 degrees Celsius. Due to the extreme heat, mining companies were forced to turn off the equipment. According to Bloomberg, the giants Argo and Riot have suspended the work of their miners. According to the head of the Texas Blockchain Association, Lee...

The National Agency for Advanced Projects of Uzbekistan (NAPP) has developed a regulation on the legalization of bitcoin mining. However, in a document published late last week, it is noted that only those miners that use solar energy will be able to work freely. The obligation to use solar panels...

Many mining companies were forced to dump some of the previously mined bitcoins in the second quarter of 2022. Selling was aggressive in May and June amid the return of turbulence in the cryptosphere, according to a friday report from JPMorgan Chase. According to the forecasts of its analysts, in...

In June, high temperatures in Texas led to record levels of energy consumption and impacted local bitcoin miners. On June 9, electricity demand in the state peaked at 75,437 MW, according to the state's main utility ERCOT. Many Texas-based miners have entered into agreements with the provider to...

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...

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...

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 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,...

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 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...

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...

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...

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...