Bitcoin’s hash rate has not yet recovered from last Friday’s drop due to problems in China. On Friday, April 16th, Bitcoin’s hash rate dropped sharply from 157 Ehash/s the previous day to 105 Ehash/s the following day. In other words, it dropped by a whopping 33% due to problems at a coal mine in China
Paraguay’s President Mario Abdo vetoed a bill already passed that sought to recognize cryptocurrency mining as an industrial activity Paraguay: progress on new mining law TeleSUR reports this, saying that the bill will now go back to the House and Senate. The fact is that recognizing cryptocurrency mining as industrial activity would have allowed them
During a meeting at the state enterprise JSC Belaruskali in recent days, Belarus President Alexander Lukashenko, who has long been at the centre of controversy for his attitudes considered illiberal and undemocratic, urged the employees of the fertiliser company to use the excess electricity available to mine cryptocurrencies. Belarus has legalized cryptocurrency-related activities This is
The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per second (EH/s) of Greenidge’s mining capacity, and Greenidge further entered into a hosting deal with NYDIG for the same 2.8
The roadmap for the new release of XMR (v0.15) and the relevant hard fork, which will introduce the new PoW RandomX in the currency protocol, was unveiled during a meeting between all Monero developers and some members of the community. According to the infographics, the new version of Monero’s core will be made available on
There are many mining farms in China that mine bitcoin and cryptocurrencies. These farms consume a lot of electricity, and this is causing the country a sustainability problem. Indeed, according to a study published in Nature, the CO2 emissions generated by the growing energy consumption of bitcoin mining could threaten its climate change targets. The
In January, former Twitter CEO Jack Dorsey, who had left the leadership of the social network to devote himself body and soul to his new blockchain company Block (formerly Square), announced that the company was working on a new project involving open source ASICs for Bitcoin mining. We’re officially building an open bitcoin mining system
A year ago, the company Bitfury made official a new chip for the mining of Bitcoin and all coins with PoW SHA256, the Bitfury Clarke. In addition to selling this chip to third-party assemblers, last November Bitfury also announced its 80 TH/s Bitcoin ASIC: the Bitfury Tardis B8. The Bitfury Tardis B8 is a BTC
After China imposed a ban on Bitcoin mining last summer, many mining companies immediately found safe haven in the state of Texas, ruled by crypto-friendly Greg Abbott. In a few short years, the oil and gas-rich US state has welcomed thousands of miners and emerged as the world’s cryptocurrency mining hub. Bitcoin mining in Texas
The giant energy group Shell, has signed a two-year sponsorship with Bitcoin magazine to discuss the mining industry. The sponsorship will bring it on stage at the upcoming Bitcoin Conference, where Shell’s new cooling solutions to improve the Bitcoin mining industry will be presented. How Shell wants to improve Bitcoin mining Darin Gonzalez, head of
