Category: Mining

Vladimir Putin, the president of Russia, during a video conference held on 26th January, has told the government officials that Russia bears certain “competitive advantages” in mining cryptocurrencies such as Bitcoin. He also added the government should conduct several discussions on the matter to reach a satisfactory “consensus.” Putin offers hope to Russian crypto investors.

Crypto miners in Kazakhstan are facing a major drawback, as reports have revealed that authorities in the country have cut off the power supply of miners owing to the growing crisis in the country. Blackouts in Kazakhstan According to a Bloomberg report, crypto miners were blocked from the national grid on January 24th and it

Bitcoin Mining Council (BMC), recently announced the results from its quarter fourth survey highlighting how Bitcoin mining is steadily adopting sustainable power usage. As per the latest Q4 survey report, the percentage of the global Bitcoin mining industry deploying renewable resources to mine Bitcoin has increased from 1% to a notable 58.5%.  Sustainable Bitcoin mining 

After Bitcoin total hash rate hitting a new all-time-high on December 3rd, the protocol has automatically adjusted the mining difficulty as shown by the latest data from analytics service Glassnode. The hash rate of the Bitcoin network hit an all-time-low on the 3rd of July last year, clocking in at 84.8 million terahashes per second,

One Ethereum miner could be the luckiest in the space, as he single-handedly mined an entire ETH block and earned himself a cool reward of 168 ETH worth roughly $500,000. Solo miners get lucky with Ethereum and Bitcoin Rewards The said miner was operating through the 2miners: Ether SOLO pool on January 17th. Per available

In an interview with Financial Times Vice-chairman of European Securities and Markets Authorities (ESMA) Erik Thedèen urged EU regulators to restrict the usage of the proof-of-work model while mining cryptocurrency.  Thèedeen further stated that extensive usage of the proof-of-work mining model poses serious harm to the environment and should be banned to promote a sustainable

Intel may soon enter the Bitcoin mining business with its new “Bonanza Mine” chip, described as an “ultra-low-voltage energy-efficient Bitcoin mining ASIC.” At present, little is known about the chip or Intel’s plans regarding it. Details of the chip emerged from the International Solid-State Circuits Conference (ISSCC) program schedule. The ISSCC is an industry-specific event

The chairman of O’Shares and Beanstox, Kevin O’Leary, aka Mr. Wonderful, best known as a panelist on the reality series Shark Tank, revealed his interest in opening his own Bitcoin mining operations in a recent interview with Anthony Pompliano on The Best Business Show.  Shark Tank TV star and renowned businessman told CryptoSlate in an

Jack Dorsey’s Block, formerly known as Square, is actively pursuing plans to build an open Bitcoin mining system. The news was first tweeted by Thomas Templeton, general manager for hardware, which was later confirmed by Dorsey on Twitter.  We’re officially building an open bitcoin mining system ✨ https://t.co/PaNc7gXS48 — jack⚡️ (@jack) January 13, 2022 Jack

One Tesla owner might have found more use for his electric car prized asset beyond the road, judging by his recent revelations. A Tesla was used to mine $800 Ethereum A CNBC report has revealed that an owner of a 2018 Tesla Model 3, Siraj Raval, successfully mined around $800 worth of Ethereum around when