mining News and Articles

Due to abnormally cold weather in the United States, there are problems with the power supply of Texas. Local mining farms were de-energized, which led to a significant drop in hash rates. For example, the capacity of only one mining firm, Luxor Tech, fell 40%, said its co-founder Ethan Vera....

Researchers from the Glassnode team found that mining pools started selling fewer bitcoins in February. In January, by contrast, they were actively selling coins to earn as much as possible. By the beginning of this month, the miners received enough funds and switched to accumulative tactics. The...

Commissions in the Bitcoin network are growing, the day before the average transaction fee was just over $ 25. Miners last Thursday earned $ 4.06 million in just an hour - this is the maximum figure in the entire history of the BTC blockchain over such a period. This is the conclusion reached by...

Today the price of Ethereum reached a new all-time high of $1750. Within a week, the cryptocurrency has gained over 25%. Three days ago, CME Ether Futures was launched. It is now a part of cryptocurrency risk management solutions available at derivatives marketplace CME (Chicago Mercantile...

January 2021 turned out to be very successful for bitcoin miners. They generated $ 1.09 billion in revenue, the highest since December 2017. As The Block clarifies, in January 2018, mining pools were able to earn about $ 1.02 billion. In December 2017, they received an income of $ 1.25 billion....

Open-source cryptocurrency mining firm HIVE purchased 6,400 BTC mining devices from venture capital firm Canaan. Using the instruments will allow Hive's full hashing power to reach 1,229 PH/s (quadrillion 'peta' hashes per second). Last year the firm brought only 3500 such machines. The first...

Iranian law enforcement agencies have confiscated another batch of underground mining equipment. According to the local news agency Tasmin, this illegal mining farm stole electricity from the state-owned company Tavanir. In the Islamic Republic, power engineers, together with law enforcement...

BTC miner profits measured by terahash in a second (TH/s) has surged to a new high. TH (tera, 1 trillion) is one of the Bitcoin hash rate units. And hashrate is a scale of the computational power per second used during mining. Simply putting, it is the speed of the mining process. The latest...

In 2020, the scale of underground mining increased sharply against the background of the rise in prices for bitcoin and other cryptocurrencies. In the post-Soviet space, Russia, Abkhazia, and Ukraine are leading in terms of the number of discovered mining farms illegally connected to power grids....

The volume of cryptocurrency traded by bitcoin miners has grown to its highest level since the beginning of 2018. Their report says that miners are now selling about the same amount of BTC coins that they were able to sell in January 2018. Recall that 2018 went down in history as one of the most...

Crypto exchange Binance has launched a new Ethereum mining pool with only 0.5% pool fees. Users can mine ETH with 0 fees for the first month. The pool practices the full pay-per-share way for reward payouts, distributing both block bonuses and trading fees to pool participants. After the first...

HIVE Blockchain, listed on the Toronto Stock Exchange, acquired and immediately installed 1,240 WhatsMiner M30S miners. That was reported in a press release. Representatives of HIVE Blockchain emphasized that this is the largest batch of new equipment in the history of the company. Thanks to...

The rise in the price of bitcoin has led to an increase in miners' income. By the end of October, they earned $ 353 million (+ 8%), as previously reported by CoinMetrics analysts. Miners' income has returned to the levels observed in the run-up to the so-called May halving (reduction in the reward...

By the end of October, bitcoin miners earned $ 353 million. Compared to September 2020, their revenues increased by about 8%, according to the data of the CoinMetrics team. Analysts attribute the growth in the profitability of bitcoin mining to the rise in the price of the largest digital currency....

Recently launched Filecoin project is facing difficulties as miners use a token model for collective plugs, which isn't economically practicable. The long-waited Filecoin data storage project launched last week after 3-year since $250 M presale and ICO. A huge amount of Chinese FOMO advanced token...

Bulgarian law enforcement authorities arrested two men who secretly plugged mining equipment into the power grid. According to local media outlets, the hidden miners were charged with stealing electricity worth $ 1.5 million. The operation to arrest them was carried out in the small Bulgarian town...

Iranian power plants will be able to mine cryptocurrency, but in this case, they will be left without government subsidies. That was reported by the IRNA news agency earlier this week. It refers to a statement by Mostafa Rajabi Meshadi, deputy head of the Tavanir electricity distribution company....

Against the background of the rise in the price of Ethereum to $330, Chinese miners became interested in mining the second-largest cryptocurrency in terms of capitalization. However, their plans were in jeopardy due to a shortage of video cards and an increase in their cost, writes 8btc. As a local...