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Iranian government to cut power supply for the country's legal crypto mining rigs
20.6.2022
For years, the country has heavily subsidized its electricity production leading to extremely low prices. It claims that this has now become unsustainable
Old Bitcoin mining rigs risk 'shutdown' after BTC price slips under $24K
13.6.2022
New generation Bitcoin mining machines would remain profitable even if the BTC price crashes by another 50%
Bitcoin Miner Mawson Exchanges Mining Rigs for Stake in Tasmanian Data Center
7.6.2022
The move comes as more miners have begun using alternative sources of funds to support their expansion
Argo Blockchain to Build Intel-Based Bitcoin Mining Rigs With ePIC Blockchain
7.6.2022
The partnership is an extension of a 2021 deal in which Argo agreed to buy $8 million worth of ePIC's miners
Director of Listed Chinese Company Embezzles $8 Million, Uses Funds to Purchase Bitcoin Mining Rigs
7.6.2022
A Chinese prosecutor is reported to have given a thumbs up to the arrest of a listed big data company director accused of embezzling $8 million and using the funds to buy bitcoin mining rigs. Although Li Qunnan has denied the allegations, executives insist their evidence implicates him....
Crypto Miner Hive Blockchain Selling Ether to Pay for Intel Mining Rigs
6.6.2022
The miner expects to have a bitcoin-equivalent hashrate of 6.2 exahash per second (EH/s) in the next 12 months
Bitcoin Block Data Shows Top 5 Pools Retained Over 71% of the Global Hashrate Last Month
2.6.2022
During the last 30 days, the price of bitcoin has lost more than 22% against the U.S. dollar but during that time, Bitcoin’s hashrate has remained above 200 exahash per second (EH/s). While 16 known mining pools mined the leading crypto asset during the last month, the top five mining pools...
As Bitcoin Price Slides, Older Mining Rigs Are Becoming Less Profitable
25.5.2022
Even as Bitcoin's mining difficulty adjusts downward, the price trend might spell a crisis for retail miners. On the other hand, it could be an opportunity for those looking to buy rigs
Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown
15.5.2022
Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground coin minting, carry out regular raids against such facilities....
Bitcoin’s Hashrate Taps an All-Time High, Next-Gen Machine Deployment Could Push it Much Higher
4.5.2022
Bitcoin’s hashrate has once again reached an all-time high (ATH) this year, as the network’s processing power reached 275.01 exahash per second (EH/s) on May 2, 2022. The recent ATH follows a significant difficulty jump on April 27, and bitcoin’s value lost 6.2% against...
Argo Blockchain Borrows $70M From NYDIG to Buy Mining Rigs
4.5.2022
The loan brings Argo's debt to build out its 200 MW Helios facility in Texas to $97.2 million
Report: Compass to Sell $30 Million in Crypto Mining Equipment Located in Russia
24.4.2022
The U.S.-based company Compass Mining plans to sell $30 million worth of bitcoin mining equipment that’s currently located in Siberia. The decision to sell the mining rigs follows the U.S. government sanctioning the bitcoin mining operation Bitriver and ten subsidiaries. Compass is hoping...
Jack Dorsey Muses on Social Media ‘Takeover,’ Ethereum Weaknesses; Plus the Latest in Crypto Mining — Bitcoin.com News Week in Review
24.4.2022
Former Twitter CEO Jack Dorsey ponders Ethereum’s “single points of failure” and whether one man should be able to control an entire social media network, while Bitcoin.com News gives you the latest scoop in the world of ETH and BTC mining rigs. To top it all off, one economist...
Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design
19.4.2022
Following Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new miners as well. Revealed during the Bitcoin 22 conference in Miami, Microbt showcased...
Ethereum Dev Says The Merge Could Be Delayed a Few Months, ‘Strongly Suggests’ Not Investing in ETH Mining Rigs
13.4.2022
According to Ethereum developer Tim Beiko, The Merge is likely to be pushed to the third quarter of 2022. Despite the delay, Beiko also said he “strongly suggests not investing more in mining equipment at this point.” The Merge May be Delayed, Ethereum Hashrate Taps New ATH Four days...
Marathon to Relocate Mining Rigs Away From Coal-Powered Montana Site
5.4.2022
The firm wants its bitcoin mining operations to be powered by renewable energy by year-end
Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets
4.4.2022
On April 4, the bitcoin mining operation Northern Data published its financial statements and noted that the company’s mining fleet had grown by approximately 21,000 machines by the end of March 2022. The newly added machines increased the company’s hashrate from 2 exahash per second...
Malaysia Detains Over 600 People for Stealing Electricity to Mine Cryptocurrency
30.3.2022
In the past two years, law enforcement authorities in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies. The country’s police force has also confiscated equipment worth millions of dollars. Malaysia Police Announce Results From...
7 Wild Bitcoin Mining Rigs
24.3.2022
Here are some of the innovative and sometimes hilarious functions bitcoin miners have found for their rigs
Kazakhstan Police Shut Down Another Crypto Farm Amid Ongoing Crackdown on Mining
22.3.2022
Law enforcement officers in Kazakhstan have busted another mining facility as they continue to crack down on illegal activities in the sector. The crypto farm, located at a railway station, is the latest targeted mining operation in the country which has been struggling with its power deficit....