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Authorities in Miri, Malaysia, seized and destroyed 1,069 Bitcoin mining rigs by steamroller after cracking a mining operation that was using stolen electricity.
Eastern China’s Anhui province became the latest regional county to ban Bitcoin mining in the country, weeks after the government unleashed a harsh plan to stamp out the activity in the nation, reported news outlet Reuters this morning.
So you want to build an industrial-scale Bitcoin mining farm, or scale up a smaller operation.
With China’s current negative stance towards Bitcoin mining plus Elon Musk’s Tesla insistence that they would only accept the digital asset as a payment method only if the mining process of the coin becomes more environmentally friendly, many crypto miners have been left to rue their losses.
El Salvador’s proposed Bitcoin mine could earn hundreds of millions of dollars each year given the current network state, a top miner pointed out in a tweet today.
The Bitcoin Mining Council, a self-regulating group they aren’t ‘responsible” that assesses Bitcoin mining companies and mining activities, has revealed the result of its Q2 findings based on electricity consumption and sustainable power mix.
In a recent interview, Galaxy Digital CEO Mike Novogratz said Bitcoin had shown resilience in the face of FUD coming out of China.
Bitcoin reached its slowest block time in 10 years on June 27, in what indicates a clear consequence of China’s mining ban.
Thirty Bitcoin mining farms in Iran received operational licenses last week as the government softened its stance on the crypto market, local outlet Financial Tribune reported.
Volcanoes have long been painted as a method of natural destruction.
Bitcoin miners were dealt a blow in May as the Financial Stability and Development Committee of the State Council of China announced further controls on financial risk.
Archer DAO combats one of the most criticized problems plaguing the DeFi market today: That of opportunist bots and front-running programs that result in burgeoning GAS costs on networks like Ethereum.
Some of China’s storied Bitcoin miners are planning to use more renewable energy sources to power their expansive mining rigs, local outlet CGTN said today.
Elon Musk, the CEO of electric carmaker Tesla, said today the company will reaccept Bitcoin payments for its cars provided the majority of miners use renewable sources to run their farms.
Flashbots, a research and development organization backed by Paradigm, is focused on fighting the downside of current miner extractable value (MEV) extraction strategies.
A geothermal pit dug beside a volcano will help power Bitcoin mining operations in El Salvador, the country’s president said in a tweet last night.
Bitcoin miners in China’s Sichuan province can continue their operations until September this year, local tech publication TechNode reported today.
NortonLifeLock announced the launch of Norton Crypto, a new feature fashioned for safe and easy Ethereum mining through its Norton 360 platform, as per a report today on tech publication Verge.