Mining
Bitcoin hashrate plummets as Texas-based miners suspend operations
Bitcoin mining hashrate has dropped to a five-months low after miners in Texas temporarily suspended their operations.
Oluwapelumi Adejumo 2 min read
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Taxes
Kazakhstan imposes new tax rules on crypto miners
Kazakhstan takes another step in its combat with crypto miners by imposing differentiated tax rates on crypto mining, including miners using renewable energy sources.
Mining
Texas cryptocurrency miner to use power from batteries to support grid stability
As miners are under scrutiny for adding strain to the Texas power grid, Lancium has struck a deal to use power stored in batteries during peak demand
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Bear Market
Mining giant is forced to sell-out 79% of BTC to pay debt
One of the largest mining companies, Core Scientific is selling mined tokens in June to buy new machines and repay its debt amid the coldest crypto winter ever.
Mining
Crypto mining profitability varies wildly based on location
A recent report from 911 Metalurgist explored the cost and profitability of crypto mining, finding that mining 1 BTC will set you back anywhere between $1,400 and $246,500 — depending on where you are.
Mining
SBF says FTX could acquire distressed BTC mining companies to prevent contagion fears
The CEO fears a contagion could spread from crypto mining companies with loans collateralized with their mining rigs that have since dropped in value.
Mining
Bitcoin miners are facing harsher conditions despite easier mining difficulty
JP Morgan strategists say Bitcoin miners current sell-off is placing pressure on the price of the flagship digital asset.
Mining
Compass Mining denies allegations of $1.2M unpaid electricity bill, CEO, CFO resign
Following accusations of losing a mining facility for failing to pay a $1.2 million electricity bill, Compass announced that both its CEO and CFO resigned.
Merge
What does the Gray Glacier upgrade mean for the Ethereum Merge?
The Gray Glacier upgrade will delay the Difficulty Bomb, meaning devs expect the Merge to take place later than planned.
More Mining News Headlines
Mining
Bitcoin mining company Compass Mining loses facility for not paying electricity bill
Mining
Crypto downturn sees electricity consumption on Ethereum plunge by 50%
Mining
Crypto miners dump GPUs as token prices fall
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