Category: Mining

Following the news about nationwide protests in Kazakhstan causing an internet blackout in the Bitcoin mining country that resulted in a significant hash rate drop, CryptoSlate talked to Alan Konevsky, Chief Legal Officer at PrimeBlock. PrimeBlock is a digital asset mining and infrastructure provider, currently operating roughly 1,000 PH/s in hashing capacity, equivalent to around

Canaan, which is a leading Bitcoin mining hardware company, announced its strategic collaboration with crypto mining firms in Kazakhstan to bolster the joint mining business in the region.  Canaan enters into strategic alliances with Kazakh crypto mining firms Canaan on Tuesday announced that it had successfully deployed 10,300 AvalonMiner units in Kazakhstan. As of December

Spurred by a sharp rise in fuel prices, raging protests in Kazakhstan brought about a nationwide internet blackout. Following the US, Kazakhstan counts as the second-largest country when it comes to mining Bitcoin–accounting for roughly 18% of the network hash rate. Internet blackout The global internet monitoring group NetBlocks confirmed a “significant disruption to internet

At the peak of China’s crackdown on Bitcoin miners and trading activities within its jurisdiction last year, the Bitcoin mining hashrate declined to an all-time low of 58.4 million terahashes per second as many miners were taken out of business due to the strict anti-crypto policy. Bitcoin hashrate reaches new ATH However, a new Glassnode

Lucrative Bitcoin mining is reportedly on the upswing in Thailand–thanks to cheap leftover hardware purchased from China, Al Jazeera reported.   Over 50% of the industry was forced to relocate in May after China imposed a ban on mining crypto, and while big operations found their new bases in countries like the US, Kazakhstan, and Canada,

Kazakhstan’s crypto mining industry was initially boosted by China’s tightening grip on digital asset regulation. But, some seven months down the line, it’s emerging that Kazakh-based miners are fed-up with electricity shortages. Some miners report nearing bankruptcy due to the national grid’s inability to supply consistent power. Just as the country was emerging as a

Despite the total ban on cryptocurrencies in China, which makes it illegal for anyone to mine bitcoin within the country, several bitcoin miners still have their shops open under the radar. Recall that following the enforcement of a recent law against any crypto-related activity in the country, including mining, the country recorded a mass exodus

This month, a Bitcoin mining operation is launching northeast of Niagara Falls, on the site of decommissioned coal-fired Somerset Generating Station, The New York Times reported. Leveraging abundant sources of renewable energy and ‘plug and play’ infrastructure, New York State’s fading blue-collar towns became an increasingly popular destination for mining Bitcoin. However, the surge of

Earlier in the year when China renewed its hostilities towards the crypto industry, one metric that saw a negative effect of the crackdown was the Bitcoin mining hashrate that plummeted by more than 50% during this period largely because crypto miners were being pushed out of the Asian country. Bitcoin mining hashrate recovers from China

As per Nikkei Asia, Kazakhstan’s president Kassym-Jomart Tokayev has suggested building a nuclear plant to sustain Bitcoin mining in a bid to support the profitable crypto mining activities in the nation  “Looking into the future, we will have to make an unpopular decision about the construction of a nuclear power plant,” said Tokayev in a