Miners

Chinese Bitcoin miners ‘not even in the mood to drink anymore’

China, once home to about 65% of the total Bitcoin (BTC) mining hash power has given the boot to several miners in the country. The country’s Bitcoin mining ban means miners have been forced to shut down their operations with some establishments already moving hardware overseas. Tweeting on Wednesday, Kevin Zhang, vice president of crypto …

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400+ Miners Seized in Venezuela Due to Lack of Permits

<div class=”featured_image_container”> </div> <strong>Authorities seized more than 400 Bitcoin miners in Venezuela this weekend in two major confiscations. Local reports indicate military personnel seized 332 miners from a transport truck. In another procedure, authorities seized 72 miners hidden in a house. These activities resulted in the apprehension of four individuals. Mining in Venezuela is perfectly …

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‘Millionaire’ whales gobble up 90,000 Bitcoin over past 25 days

Bitcoin whales are stocking up, with “millionaire” addresses accumulating around 90,000 Bitcoin worth $367 billion over the past 25 days. The accumulation was identified by crypto market data aggregator Santiment, which identified that wallets holding between 100 and 10,000 BTC — described by Santiment as “millionaire tier” addresses — are now the largest segment of …

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Crypto Cyberthreats Spike This Year With Russia Hit the Hardest, Report Reveals

<div class=”featured_image_container”> </div> <strong>Cyberthreats related to cryptocurrencies have increased with rising demand for the digital assets, a study has concluded. Russia, Thailand and Peru are the most affected countries by malicious attacks designed to exploit the heightened interest in decentralized money, the authors point out. </strong> Booming Crypto Markets Bring Out Cybercriminals Despite the ongoing …

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Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight

<div class=”featured_image_container”> </div> <strong>Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the …

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Taproot Lock-in Achieved — Bitcoin Network Set to Activate Biggest Upgrade in Four Years

<div class=”featured_image_container”> </div> <strong>The ‘Speedy Trial’ lock-in period for the Bitcoin network upgrade Taproot is now complete. Data from taproot.watch details the lock-in has been achieved and it was locked in at block height 687,285 and mined by the mining pool Slushpool.</strong> Bitcoin Taproot Lock-in Complete at Block Height 687,285 Taproot is coming this November …

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Report: Filecoin and Chia Believers in China Are Converting to Ethereum Swarm Disciples

<div class=”featured_image_container”> </div> <strong>There’s a lot of buzz in China around the Bee mainnet soft launch following the recent hype surrounding Filecoin and Chia. Reports detail that Swarm is set to kickstart the mainnet on June 13, and droves of miners from China are getting prepared to obtain rewards from the distributed storage platform and …

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Ethereum has strong fundamentals, so why are pro traders bearish on ETH?

Ether (ETH) has outperformed Bitcoin (BTC) by 32% since May and even though there has been a steady flow of bullish reports from JPMorgan and Goldman Sachs, derivatives metrics show elements of bearishness in both assets.  Ether and Bitcoin price change since May. Source: TradingView Bitcoin is trading 41% below its $64,900 all-time high and …

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Kyrgyzstan Seizes 2,000 Cryptocurrency Mining Devices

<div class=”featured_image_container”> </div> <strong>Law enforcement authorities in Kyrgyzstan have confiscated thousands of crypto mining machines as part of a new offensive against illegal cryptocurrency mining in the country. Investigators have also identified industrial enterprises that have been supplying the bitcoin farms with electricity. </strong> Security Service Conducts Operation Against Illegal Mining in Kyrgyzstan The State …

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Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption

<div class=”featured_image_container”> </div> <strong>Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto miners burn much more energy. </strong> Licensed Crypto …

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