Mining

Several headlines recently described a 25% drop in bitcoin network difficulty during Winter Storm Finn in January. Most attributed this drop to curtailment activity in Texas. While Texas does represent 17% of the global bitcoin hashrate,…

Embarking on the journey of cryptocurrency mining can seem like sailing into choppy seas, with daunting costs and complex technicalities lying in wait. Yet, cloud mining emerges as a beacon, guiding enthusiasts to more tranquil waters.…

Beijing has intensified its efforts to curb cryptocurrency mining, citing its excessive energy consumption and potential environmental harm. This move comes as part of a broader plan to achieve “higher level and higher quality”…

Two high-ranking officials from the Patterson Joint Unified School District in New Jersey face charges for allegedly operating a crypto mining farm on school premises, according to the US Department of Justice. Abuse Of Power,…

The U.S. government has announced a new initiative to keep tabs on the energy consumption of cryptocurrency mining operations. The Energy Information Administration (EIA) will soon embark on a data-gathering mission, engaging directly with…

Marathon Digital has finalized a deal with Hut 8 to take over the operational control of Bitcoin mining sites by paying a termination fee of $13.5 million. Marathon’s control of the mining sites in Granbury, Texas, and Kearney, Neb.,…

A recent report released by the US Energy Information Administration (EIA) has brought to light the substantial electricity consumption associated with Bitcoin mining operations within the country. The data reveals that these…

Electricity demand worldwide could double over the next three years, mainly due to cryptocurrency mining and artificial intelligence. How will crypto keep up? AI and cryptocurrencies accounted for almost 2% of global electricity demand in…

OKX has discontinued its crypto mining pool and related services. Starting January 26, 2024, registration of new users for these services will no longer be available. According to a statement by the crypto exchange, existing users will…

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