The Bitcoin hash rate has showcased deep resiliency since the Chinese bitcoin mining ban, having climbed over 80% in five months to get close to its previous highs. When the …
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China-based Bitmain is set to launch a new Bitcoin miner with a touted hash power of 150 TH/s
China-based Bitmain, the world’s largest Bitcoin mining equipment manufacturer, is set to launch a new, more efficient Bitcoin miner, a source familiar with the matter told The Block. The miner …
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Jack Dorsey: “Payments giant Square is exploring the possibility of building a Bitcoin mining system”
Square chief executive Jack Dorsey says the payments firm is exploring the possibility of building a Bitcoin (BTC) mining system. Dorsey tells his 5.7 million Twitter followers that if Square were to …
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New York & Texas gaining popularity among mining firms after China crackdown
In the Texas Blockchain Summit in Austin on Oct 8, 2021, Nic Carter, co-founder of Castle Island Ventures, announced the hash rate distribution in U.S. states from a dataset compiled …
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Cryptocurrency miners are stockpiling Bitcoin and Ethereum rewards
On-chain metrics and company production reports show that Bitcoin and Ethereum miners are holding off from selling their mining rewards. The value of crypto held by miners has reached new …
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El Salvador starts implementing volcanic Bitcoin mining plan
El Salvador President Nayib Bukele offered another sneak peek into his country’s volcano-powered Bitcoin project, which is currently in the early stages of development. Bukele’s video initially shows an aerial view of …
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Russian Duma is moving to regulate cryptocurrency mining as business
As Russian cryptocurrency advocates are working to attract global crypto mining operators, local lawmakers have gotten more serious about regulating the industry. Anatoly Aksakov, chairman of the Russian State Duma Committee …
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Lukashenko advises mining cryptocurrency instead of working low-paid jobs abroad
Belarusian President Alexander Lukashenko suggested that workers should mine cryptocurrencies in their native country instead of going to Poland and Germany to fill low-paid jobs. At a staff gathering at …
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Google to remove and ban 8 fake crypto mining apps
A handful of illicit apps were removed and banned from Google’s Play Store after they were determined to be misleading users. According to the security research firm, Trend Micro, more than 120 similar …
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Bitcoin (BTC) mining revenue skyrockets to $33 M daily following China crackdown
The China crackdown on Bitcoin Miners is now proving to be a blessing in disguise. After two months of the issue, surviving mining firms are now minting huge profits from …
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