Crypto
Bitcoin Mining Likely to See 4th Difficulty Increase this Month Despite Downswing
Bitcoin mining difficulty is likely to see a fourth consecutive increase this month and surge beyond 30 trillion.
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Bitcoin mining
Crypto
Poolin Halts Withdrawals, Cites Liquidity Problems
The company says that its net worth is still positive and that the freeze is due to a recent increase in demands on withdrawals.
Crypto
Valereum to Sell Bitcoin Mining Assets for a 24% Stake in Vinanz
Blockchain firm Valerian said it plans to sell its bitcoin mining assets for a 24% stake in Vinanz as the company looks to focus on the…
Crypto
Iran Reminds Citizens of Crypto Ban After Using Crypto for a $10M Import Order
Iranian citizens are banned from buying and selling crypto assets, despite the country using it for foreign trade settlement.
Crypto
16.7% Drop in Revenue and Rising Electricity Cost Trouble BTC Miners
Bitcoin miners' revenue fell 16.7% between June and July, according to on-chain data.
Crypto
Congress Report States Cryptocurrency Mining in US Rivals Energy Use of Houston
A new investigation by congressional Democrats found that major crypto miners consume as much energy as each home in Houston, Texas.
Crypto
JPMorgan Estimates Bitcoin Production Cost Down to $13,000 but Could Harm Price
Bitcoin's production cost fell to $13,000 from $24,000 last month due to cheaper electricity prices. But, the decline could hurt BTC's future price gains.
Crypto
Miners Could Face a $4B Debt Crunch if Downturn Continues
Bitcoin miners have racked up debts of around $4 billion during the recent bull cycle which is currently under distress.
Crypto
Bitfarms Shares Up 4.51% After 3,000 BTC Sold to Fund Operations and Growth
Despite the gloomy market conditions for miners, Bitfarms shares managed to post gains on the Nasdaq.
Crypto
Oman Plans to Reduce Waste in Oil Production by Mining Bitcoin
Oman's sovereign wealth fund invests in Crusoe Energy Systems, a U.S. company specializing in using flared gas for BTC mining.
Crypto
Riot Plans Capacity Extension in Texas as Crypto Mining Bill Passes in New York
The largest publicly traded Bitcoin mining company commences the development of a large-scale expansion project in Texas.
Crypto
Kazakhstan Shuts Down 100+ Illegal Crypto Mines for Evading Taxes
Kazakhstan started cracking down on illegal miners after it faced power shortages in Autumn 2021.
Crypto
Bitcoin Mining Responsible for 0.08% of Global CO2e Emissions, Report Reveals
Bitcoin mining constitutes 0.08% of global CO2e emissions but in return banks millions of people with a global, cheap, and censorship-resistant monetary system.