mining News and Articles

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...