Tag: mining

The Biden Administration Reiterates Its Request for a 30% Levy on the Electricity Used by Bitcoin Miners

The government of U.S. President Joe Biden underlined that it wants all cryptocurrency mining firms to pay a new tax with a 30% electricity...
Cryptocurrency

The Recent Bitcoin Rise is “Pure Gravy” for Miners Who Are Now Able to See Some Relief

The rise in cryptocurrencies this year has given bitcoin producers some welcome news. In an analyst note published on Monday, the investment firm Stifel stated...
Cryptocurrency

The Biden Budget Calls for a 30% Tax on Energy Used for Cryptocurrency Mining

President Joe Biden's budget proposal, which aims to "reduce mining activity," could ultimately subject cryptocurrency miners in the United States to a 30% tax...
Cryptocurrency

Core Scientific is Shutting Down 37,000 Celsius Rigs

Celsius Network LLC has agreed to allow Core Scientific Inc. to shut down more than 37,000 crypto mining machines that the insolvent digital-asset lender...
Cryptocurrency

Mining Cryptocurrencies is Prohibited on Microsoft’s Online Services

Microsoft, the leading giant in cloud computing industry, has imposed new limitations on activities like cryptocurrency mining. Users must now obtain a written pre-approval...
Cryptocurrency

What Do the Increasing Bitcoin Network Hash Rate Really Means?

First-time Bitcoin miners must fully comprehend the significance of Bitcoin's difficulty adjustment and its effect on mining profitability. Many newbies to bitcoin mining will...
Cryptocurrency

As Bitcoin Rises Beyond $17,000 Briefly, Bitcoin Miners May Have Endured the Darkest Period in Q4

As they continue to sell significant amounts of the virtual currency, bitcoin miners appear to be giving up on the idea of retaining the...
Cryptocurrency

Terawulf, a Nasdaq-listed Bitcoin miner, has revealed that the firm’s Lake Mariner site has 12,000 miners deployed

Terawulf has revealed that its recent miner deployments are on track to meet the company's year-end targets. Terawulf made headlines last year when it...
Cryptocurrency

Russian Oil Field Crypto Farms Accounts For An 85 MW Capacity

According to researchers at Vygon Consulting, an independent consultancy focusing on the development of the Russian fuel and energy complex, data centers mining cryptocurrency...
Cryptocurrency

Drop In Bitcoin Production Cost Is Terrible For BTC Price, According To JP Morgan

Miners were negatively impacted by the current crypto winter to the point where many of them sold off their Bitcoin and other crypto assets....
Cryptocurrency

Texas Bitcoin Miners Will Close Down To Help The Grid

A heat wave is on its way to Texas, and the bitcoin mining community is preparing. This is the moment when the demand response...
Cryptocurrency

Sam Bankman-Fried disputes that FTX is targeting troubled crypto mining companies.

Sam Bankman-Fried, the creator of the cryptocurrency exchange FTX, put an end to rumors that the business was considering buying struggling crypto mining firms...
Cryptocurrency

Marathon Digital’s Montana operations are shut down following a storm

Marathon Digital (MARA) reported that its bitcoin miners in Hardin, Montana, are currently without power due to a storm that passed through the area...
Cryptocurrency

Bitcoin Miners Might Be Throwing In The Towel, But Is That It?

Investors and HODLers are key to Bitcoin's position, but BTC miners are also essential. Bitcoin supporters should observe the behavior of miners rather...
Cryptocurrency

Gazpromneft, The Third Largest Russian Oil Company, Partners With BitRiver To Mine Bitcoin

According to a memorandum from the St. Petersburg International Economic Forum, Russia's third largest oil producer, Gazpromneft, is cooperating with BitRiver, a Swiss bitcoin...
Cryptocurrency

Bit Origin is increasing its capacity for crypto mining

Bit Origin Limited, a rapidly developing company that has since expanded its horizons into bitcoin and crypto mining, has declared its desire to purchase...
Cryptocurrency

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