Mining

Bitcoin Difficulty Increases 6% — It’s Still 48% Easier to Find BTC Blocks Than It Was 30 Days Ago

<div class=”featured_image_container”> </div> <strong>As expected, Bitcoin’s mining difficulty increased this week jumping 6.03% higher on July 31. The change marks the first increase out of five difficulty adjustment changes. This was after four downward difficulty drops made it 54% easier to mine bitcoin than it was prior to mid-May.</strong> Bitcoin’s Mining Difficulty Increases 6%, Difficulty …

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IT Specialist Caught Mining Cryptocurrency at Police Headquarters in Poland

<div class=”featured_image_container”> </div> <strong>Polish police have uncovered a secret crypto mining operation at their headquarters in Warsaw, local media reported. An IT specialist accused of minting digital coins on police computers has been dismissed and the case has been handed over to the Prosecutor’s Office. </strong> Polish Police Force Fires IT Specialist for Crypto Mining …

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Bitcoin Mining Operation Reveals Plans to Convert Coal Ash Landfill Into Solar Farm

<div class=”featured_image_container”> </div> <strong>Following the announcement from Greenidge Generation Holdings that detailed the company would be promoting a carbon-neutral stance, and the firm’s recent partnership with Foundry, Greenidge revealed on Thursday it is investing profits into a renewable energy investment program. The company is in the midst of expediting the closure of a coal ash …

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Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan

<div class=”featured_image_container”> </div> <strong>Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second.</strong> Bit Mining Buys New Cryptocurrency Miners for Data …

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BIT Mining steps up Bitcoin mining operations in Kazakhstan

Crypto mining firm BIT Mining, which recently announced it would be expanding out of the Chinese market, plans to purchase 2,500 Bitcoin miners for deployment in Kazakhstan. In a Wednesday announcement, BIT Mining said it had entered a $6.6 million agreement to buy 2,500 Bitcoin (BTC) mining rigs. The firm has already put 3,819 BTC miners …

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Iran Raises Alarm Over Potential Influx of Miners From China

<div class=”featured_image_container”> </div> <strong>With the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions. Providing low-cost energy, Iran has emerged as a prospective destination. However, the country’s state-owned power utility has expressed concerns over a possible influx of miners and illegal imports of mining hardware from …

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Bitcoin Mining Difficulty Parameter Set to Increase for the First Time in 8 Weeks

<div class=”featured_image_container”> </div> <strong>Bitcoin’s hashrate has slowly crept back up between 85 exahash per second (EH/s) to 125 EH/s on July 14. The increase in hashpower has made it so the next mining difficulty change will increase for the first time in eight weeks. The four consecutive difficulty drops turned out to be the largest …

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Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges

<div class=”featured_image_container”> </div> <strong>Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. </strong> Crypto Exchanges in Kazakhstan to Be Offered Banking Services Kazakh …

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Bitmain to Host Miners in 180-Megawatt Data Center in Kazakhstan

<div class=”featured_image_container”> </div> <strong>Crypto mining hardware manufacturer Bitmain has partnered with Enegix to host Antminer S19 Pro devices in one of the world’s largest data centers. The facility located in Kazakhstan is designed to accommodate more than 50,000 mining rigs. </strong> Bitmain to Work With Mining Facility Operator Enegix Leading mining equipment producer Bitmain has …

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New York Town Bemoans Roadside ‘Littered’ With Bitcoin Miners — Officials Plan to Impose 90-Day Moratorium

<div class=”featured_image_container”> </div> <strong>A St. Lawrence county town located in New York near the Canadian border, Massena, is another region in the state that is having issues with bitcoin miners. According to recent reports from the local WWNY-TV news desk and Reuters, the Massena town supervisor is drafting new regulations for bitcoin mining operations.</strong> Officials …

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