Category: Mining

Bitcoin miners in China’s Sichuan province can continue their operations until September this year, local tech publication TechNode reported today. The move comes on the back of recent regulations involving stricter crackdown of the activity. Citing sources who attended a regulatory meeting regarding crypto mines in the region, the report said that mining operators were

NortonLifeLock announced the launch of Norton Crypto, a new feature fashioned for safe and easy Ethereum mining through its Norton 360 platform, as per a report today on tech publication Verge. The Tempe-based cybersecurity software and services company designed the new feature for mining Ethereum, accompanied by the cloud-stored ‘Norton Crypto Wallet.’ Easy Entry According

Despite the market crash, Bitcoin (BTC) miners appear only marginally affected with reduced revenues in May, according to data from analytics tool Coin Metrics. May was daunting for Bitcoin, witnessing a correction of over 50% from it’s all-time high above $63.000 in April. The price correction consequently affected the mining revenue plunge, softened by the

Daymak, a Toronto-based manufacturer of personal light electric vehicles announced yesterday the first car built to mine cryptocurrencies like Bitcoin, Dogecoin, and others while parked. The company went the extra mile to the moon by accepting pre-order payments in a multitude of cryptocurrencies including Dogecoin (DOGE), Ethereum (ETH), Cardano (ADA), and Bitcoin (BTC). Daymak Spiritus

In the heart of an economic crisis, ultra-low utility costs are enabling Argentinians to bank on mining Bitcoin (BTC) as foreign miners head for their piece of the electricity cake, local reports said. Not only locals are taking advantage of the situation as Bitfarms, a Canadian Bitcoin mining company, announced it is opening a new

Montana cryptocurrency miners are backing the Basin Creek Solar Project, a 300 megawatt  solar array farm in Butte, to supply energy for an expanding data center, reported local news Montana Standard. Madison River Equity LLC will apply for a special use permit next month from a Montana zoning board to build one of the biggest

Rising cases of illicit coal extraction played a part in the recent Bitcoin mining ban in China, a report on business outlet Bloomberg said today. An estimated 65% of the world’s Bitcoin mining took place in China as of April last year. Climate warrior Officials of the country said last week they would target and

Chia Network, the firm behind recently launched home mining-friendly cryptocurrency XCH, has raised $61 million in a Series D funding round led by Andreessen Horowitz (a16z) and Richmond Global Ventures, Bloomberg reported today. https://t.co/MQ8U7Y4SVW — Chia Project (@chia_project) May 24, 2021 Per the report, the company, which was founded by BitTorrent creator Bram Cohan, was

While the Bitcoin miners in China reel from the after-effects of the country’s latest crypto attack, miners on the other side of the planet are reportedly forming a new council to promote sustainable mining. Involved in the cause are North American mining companies, Bitcoin firms, and Tesla CEO Elon Musk himself. “Spoke with North American

Chinese Bitcoin miners are scrambling to shift or shut operations after the latest round of ‘crypto FUD’ initiated by the government, a report on news outlet Reuters said today. Ending operations Crypto exchange Huobi suspended all mining operations this morning (alongside ceasing trading services for Chinese users), BTC.TOP, a crypto mining pool, announced the suspension