An Irish dairy farmer has found an unusual way to use the excess energy produced on his farm – he turned to the issue of mining. Source: screenshot from Cointelegraph YouTube reportTom Campbell, a farm manager in County Armagh in Northern Ireland, produces renewable energy using a method called anaerobic...
Kazakhstan’s regulator is seeking to reduce tax fraud and illicit transactions with a new law requiring issuers of secure digital assets to obtain government approval. Bitcoinlist illustrationThe government of Kazakhstan will approve the list of mining pools, as well as oblige miners to sell 75% of the crypto assets they...
The world’s largest cryptocurrency exchange, Binance, has announced plans to launch a cloud mining pool in November 2022. “As one of the leading mining pools in the world, Binance Pool will not only operate as a mining pool, but will also take responsibility for contributing to a healthy industry, especially...
The authorities and the population of the Norwegian city of Sortland have started a fight with a local mining company because of the noise it makes. In response to the claims, Kjetil Hove Pettersen, CEO of Norwegian mining farm KryptoVault, revealed that Bitcoin miners in Sortland are using renewable energy...
Mining center operator BitRiver has entered into a partnership with JSC “Development Corporation of the Republic of Sakha (Yakutia)” and LLC “Yakutsk Electric Grid Company” to build a data center in the Mirninsky district of the Republic of Sakha (Yakutia). The goal of the project is energy-intensive and blockchain computing....
The German hosting company Hetzner, which provides cloud services, has stated that its terms of service prohibit not only mining, but also staking , including ether. According to Hetzner, the use of the company’s products for applications even remotely related to crypto assets is not allowed. “The use of our...
Since the beginning of the Persian calendar year (March 21, 2022), Iranian police have detected and confiscated 9,404 illegal cryptocurrency mining devices. Most of the installations, about 7,000, were confiscated in June. The head of Tehran’s electricity distribution company, Kambiz Nazerian, told local publication Iran International that the devices were...
Due to the record heat that is in Texas, industrial miners have been forced to turn off their mega-farms. Mining giants such as Riot Blockchain Inc., Argo Blockchain Plc and Core Scientific Inc. are among the companies that have suspended mining. Texas Blockchain Association President Lee Bratcher said: “Bitcoin mining...
Uzbekistan has allowed bitcoin mining, but only with the use of electricity “produced by a solar photovoltaic plant.” This follows from the order published on the portal for discussing draft regulatory legal acts. The law specifies that Bitcoin miners will only have the status of legal entities, and they are...
Aspen Creek Digital Corporation (“ACDC”) has announced the launch of its first bitcoin mining facility. We are talking about a high-performance computing center with a capacity of 6 MW, equipped with a solar farm with a capacity of 10 MW. The company’s first hosting client was Galaxy Digital. “Recent market...
Iranian Ministry of Energy spokesman Mostafa Rajabi Mashhadi said there are 118 registered mining companies in the country that will be cut off from the state grid. Mashkhadi explained that last week saw a record electricity consumption of 62,500 megawatts (MW) at peak times. He added that current consumption could...
According to Arcane Research, mining profitability continues to fall – in November 2021, 1 MWh of energy used in Bitmain’s Antminer S19 brought in $500. Now this figure is $146. The $40 S9 series devices struggle to break even. On May 25, as a result of another recalculation, the difficulty...
The Uzbek government has begun expanding its crypto regulation through a decree signed by President Shavkat Mirziyoyev. The document contains definitions of terms such as “crypto assets”, “exchange” and “mining”, and defines the main regulator of the industry. According to the decree, only legal entities can mine virtual currencies. Miners...
At the end of May last year, Elon Musk convinced the leaders of the bitcoin industry to form the Bitcoin Mining Council (BMC), and in mid-July 2021, the BMC launched its public services and website. BMC is now a group of 44 Bitcoin mining companies. According to experts, they account...
Tesla has teamed up with Block (formerly Square) by Jack Dorsey and infrastructure company Blockstream to build a bitcoin mining data center. A $12 million pilot project will be launched in Texas (Block and Blockstream each invested $6 million). The facility will install a 3.8 MW photovoltaic solar array and...
To date, 90.48% of the total supply of digital gold has been mined, which is limited to 21 million Bitcoins. According to the algorithm laid down by Satoshi Nakamoto, the reward is reduced by 50% every 210,000 blocks. The next halving (the process of reducing the speed of generating new...
