Mining

A committee of the US Senate has recently passed a bill aimed at limiting benefits for cryptocurrency miners in Texas and expanding supervisory authorities' rights. Bill 1752 seeks to remove incentives that aim to attract miners to the region, which the initiators of the bill consider outdated, g ...

The authorities in the countries in the place of the former USSR have a complex attitude towards the legislative regulation of cryptocurrencies. A complete ban may alternate with extreme openness to blockchain transactions. The authoritie ...

Following yet another adjustment of the mining difficulty on the Bitcoin network, a remarkable new benchmark has been achieved, with a difficulty rating of 46.84 T. This marks the third consecutive surge in difficulty, with significant implications for all those involved in the mining process. In ...

The Bitcoin market's Fear and Greed sentiment indicator has recently reached its highest level of greed since November 2021, indicating a potential cause for caution when purchasing BTC. Typically, analysts suggest buying Bitcoin when the index is below 25, but with the current index at 68, it ma ...

An esteemed investor, Mike Alfred, has recently shared his insights on companies engaged in the production of the world's first cryptocurrency. According to him, in the current market scenario, such firms represent an alluring investment proposition. Alfred is of the opinion that mining compan ...

The difficulty of mining the first cryptocurrency has been recalculated, and it has shown a 1.16% increase, reaching a new record of 43.55 trillion hashes. This new record makes Bitcoin mining more challenging and less profitable. Previously, on February 25, the difficulty of mining reached 43.05 ...

The US Department of the Treasury has revealed its plans to boost the 2024 budget and has put forward a proposal to introduce a new tax on electricity used by cryptocurrency mining operations. The proposed Treasury regulation will mandate that any firm utilizing computing resources leased or owne ...

The Missouri House of Representatives committee recently gave approval to a bill aimed at safeguarding the mining of digital assets. This move follows similar legislation that was also passed by the Mississippi State Senate. The Missouri Digital Asset Mining Protection Bill aims to prohibit state ...

Compass Mining has recently issued a warning to the mining community regarding the updated Antminer S19 series devices. According to the company's official blog post, Bitmain, the mining equipment manufacturer, has made some changes to the design of the Bitmain S19 ASIC hashboard, which may sever ...

Canaan, the ASIC miner manufacturer based in China, has reported its financial results to the US Securities and Exchange Commission (SEC), indicating a massive 82% drop in revenue during the last quarter of the year. The report shows that the company earned a meager $56.8 million during October-D ...