Category: Mining

Kazakhstan’s authorities have confiscated 360 specialized Bitcoin ASICs as part of the country’s ongoing campaign to weed out “gray” crypto miners. According to an announcement published by the Financial Monitoring Agency today, officials have “identified persons engaged in mining activities in violation of the laws of the Republic of Kazakhstan.” “During the search, 360 units

Digital Finance Group (DFG), a global blockchain and crypto investment firm, has announced a $250,000 private investment in Titan Mining. The strategic partnership with the next generation Bitcoin mining pool will enable DFG to service the growing crypto mining industry, the company told CryptoSlate. DFG and Titan to provide highly-efficient, highly-decentralized mining As part of

Billionaire investor Kevin O’Leary revealed in a recent Stansberry Research interview with Daniela Cambone when will the price of Bitcoin appreciate dramatically, and why. The Shark Tank star, also known as Mr. Wonderful, explained why he sold his exposure to “dirty” Bitcoin miners and where he reinvested the capital. “Dirty” Bitcoin miners Until the market

Bitcoin price performance might currently be leaving a bitter taste in the mouth of many crypto enthusiasts, but available data has shown that that has not reduced the level of competition amongst miners. Bitcoin mining difficulty keeps rising According to data from CoinWarz, Bitcoin’s mining difficulty reached a new ATH of 27.97 trillion earlier today.

The Bitcoin hashrate hits a 7-day average of 201.3 terahashes per second (TH/s), making a new all-time high. This represents a 20% increase since the start of the year when the 7-day average came in at 168.2 TH/s. What’s more, the raw values show a significantly higher hashrate, peaking at 248.1 TH/s on February 12.

Kryptovault, a Norwegian data center provider and operator, is also the largest Bitcoin miner in the country. The company’s 54,000 square feet farm, located some 40 miles west of Oslo, has put itself at the forefront of the battle for Bitcoin and is pushing back at the prevailing narrative about the unsustainability of mining. The

Kazakhstan may soon prove to be a hostile location for crypto miners as the Asian country’s government has proposed a hike in its electricity tariff and taxes for crypto miners. Kazakhstan proposes harsh crypto mining taxes Kazakhstan’s First Vice Minister of Finance, Marat Sultangaziyev, recently made a proposal to see the government increase the electricity

Bitcoin miners in Texas are downing tools for some days due to the anticipated extreme weather conditions expected to hit the state this week. Miners in Texas shut power  According to a Bloomberg report, one of the biggest crypto miners in Texas, Riot Blockchain, has revealed that its data center facility in Rockdale has been

In 2019 Joshua Jarrett earned block rewards on proof-of-stake networks, paid taxes as if those rewards were income, and in line with IRS’ limited guidance on how block rewards should be taxed. However, Jarrett also asked for a refund, arguing that the rewards should be treated as newly created property and therefore shouldn’t be taxed

The new CoinShares report underlines the network’s recent carbon emissions, which amount to nearly 0.08% globally, are insignificant numbers compared to emissions released by other industries and domains.  CoinShares’ report also revealed the latest statistics using an estimate from Galaxy Digital that claims Bitcoin mining’s energy consumption is far less than other financial systems such