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Bitcoin Mining Difficulty Set for a Sharp Rise While Profitability Drops


  Bitcoin (BTC) mining difficultly is set to see a significant increase in less than a day, seeing it move a step closer to its May all-time high (ATH) at a time when competition among miners is growing while profitability is decreasing. It is currently estimated by the mining pool BTC.com that...

Ripple's Camp Attacks Bitcoin Mining With 'The Stupidest Idea' Again


  Ripple's executives keep bashing Bitcoin (BTC) mining, this time by suggesting a new idea that was labeled "the stupidest idea" of 2021 by a mining expert. Bitcoin should move away from the “climate disaster” that is its proof-of-work (PoW) consensus mechanism, and instead, embrace a model...

Bitcoin Hashrate Close to Full Recovery After China’s Mining Ban


  The hashrate, or the computational power of the Bitcoin (BTC) network is close to a full recovery after a massive migration of miners out of China following a ban on mining and other crypto-related activities there in May this year.  According to the latest data, the hashrate of the Bitcoin...

Iceland Refuses to Power New Bitcoin Farms Amid Electricity Shortages


Cryptocurrency mining is among several energy-intensive industries hurt by a power deficit in Iceland. The country’s main utility is now rejecting requests to connect new coin minting facilities to the grid, after cutting supply to aluminum smelters and fish factories. Iceland Turns Away...

Regional CCP Chief Arrested Over Crypto Links as China Hunts Crypto Users


  A high-flying regional Communist Party official who was expelled from the party last month for allegedly supporting crypto miners has been arrested. Meanwhile, individuals are being caught sending money abroad using crypto. Per the Epoch Times and the Xinhua news agency, Xiao Yi, the former...

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