The New York State Assembly has passed legislation to block new crypto mining farms that use fossil fuel as an energy source. Existing crypto mining farms and those that use renewable resources are exempt. New York State Assembly passes law against mining using fossil fuels New York blocks crypto mining farms that exploit carbon as
Yesterday, Ethereum’s hashrate hit a new all-time high. The peak of the Ethereum hashrate Ethereum is currently still very much based on Proof-of-Work, like Bitcoin, although it is in the process of moving to Proof-of-Stake. This means that, for now, Ethereum is mined exactly like Bitcoin, albeit with a different algorithm. After a sharp drop
In recent hours, a rumour has been circulating that the game Cooking Mama: Cookstar for Nintendo Switch can be used for crypto mining. Because of this, the game has been removed from Nintendo’s online store, but it’s fake news. How did this fake news spread? Halfway through last summer, the software house behind the saga
The latest report released recently by the Bitcoin Mining Council (BMC) reveals that now 59.5% of Bitcoin mining activity globally is powered by a mix of sustainable energy sources. The energy sources used for Bitcoin mining BMC is a global forum of Bitcoin mining companies, and to produce this latest report covering the second quarter
New York Mayor Eric Adams is calling for a veto of the bill passed by the Senate banning Bitcoin mining in the state. The well-known supporter of the queen of crypto does not want to put barriers to BTC. New York: Mayor proposes vetoing bill banning Bitcoin mining According to reports, it appears that Eric
In its response to interpello No. 508/2022 a few days ago, the Italian tax authorities intervened on the tax treatment of crypto mining income, both for VAT and direct tax purposes, and provided its interpretation. In the crypto sphere, mining has until now been one of the least considered activities. In the total absence of
After the recent difficulty adjustment, the profitability of Bitcoin mining has increased. Due to this, miner revenues have increased by 50% in the last 4 days. #Bitcoin miner revenue has increased by 50% in the last 4 days since its record difficulty adjustment ? pic.twitter.com/xoLyhYOCAC — Bitcoin Magazine (@BitcoinMagazine) July 7, 2021 On 27 June
Bitcoin mining hashrate has hit an all-time high globally, reaching 250 Ehash/s. Bitcoin mining hashrate hits new peak Bitcoin mining reaches a new all-time high, with the hashrate hitting a level of 250 Ehash / s According to estimates by bitinfocharts.com, the new daily peak was reached on 2 May when the 250 Ehash/s mark
Bitcoin’s hashrate has seen a slight reduction in recent days. After the all-time high, Bitcoin hashrate falls Miners shut down some machines due to the Bitcoin crash Following the all-time high on 8 June, when it surpassed 250 Ehash/s with a peak at nearly 290, it now seems to have stabilized around 200 Ehash/s. This
According to research by BlockchainAnalytics.pro, Bitcoin’s energy consumption in 2019 exceeded that of the whole of New Zealand. Blockchain Analytics estimates that 2019 ended with an average annual electricity consumption of about 43 TWh, which is slightly more than New Zealand’s annual demand, and slightly less than that of Portugal (49 TWh), Romania (50 TWh)
