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Jack Dorsey's company Block introduced a mining chip with a 3 nm process technology
The Block company, co-founded by Twitter creator Jack Dorsey, has made a major announcement regarding their advancements in Bitcoin mining technology. Recently, they proudly disclosed the successful development of a cutting-edge mining chip utilizing a highly efficient 3 nm proc ...
Halving in the Bitcoin network took place – the reward for the block fell by half
On April 20, Bitcoin experienced its fourth block reward halving, marking a significant milestone for the pioneering cryptocurrency. This event took place at block 840,000.The upcoming miner who successfully mines the next block, 840,001, will now receive a reduced rewa ...
Senators from Arkansas considered bills to limit mining
US senators from Arkansas have shown great interest in regulating cryptocurrency mining, with a focus on environmental sustainability and industry oversight. Out of the eight bills proposed, two have already been adopted, addressing changes in operational procedures for virtual ...
Sergey Bezdelov: Mining will be able to bring 50-60 billion rubles per year to the Russian budget
The president of the Russian Industrial Mining Association, Sergei Bezdelov, declared that urgent legislation is needed to regulate the process of cryptocurrency mining in the country. These regulations would not only boost the capacity of existing mining farms but also contribu ...
Marathon Digital introduced the Anduro platform based on the Bitcoin blockchain
Mining company from Florida Marathon Digital presented the Anduro platform created on the basis of the Bitcoin blockchain. The creators assure that Anduro will be the safest and most reliable platform for developing sidechains. For sidechains on the Anduro platform, me ...
Osman Kabaloev: The mined cryptocurrency can be spent on imported goods
The head of the department of financial policy of the Ministry of Finance said that Russia will finally adopt a law on mining, allowing the use of mined cryptocurrency to purchase goods abroad. Osman Kabaloev, speaking before the International Chamber of Commerce (ICC ...
Hut8 will build a Bitcoin mining farm in Texas
Miami-based fintech company Hut 8 announced that it will build a mining rig with a hashrate of 3.6 EH/s in Culberson County, Texas. Building the 63 MW facility on its own will cost the company 40% less than buying it, said Hut 8 chief executive Asher Genuth. It ...
Mining equipment thieves detained in Irkutsk
The owner of a car repair shop contacted the Irkutsk police at the end of December 2023.. The complainant said that someone had stolen equipment for mining virtual assets from his workshop. After the identities of the suspects were established, operational search activ ...
Texas Blockchain Council and Riot Platforms Sue US Department of Energy
The Texas Blockchain Council and cryptocurrency mining company Riot Platforms filed a lawsuit against the U.S. Department of Energy and Office of Management and Budget in the U.S. District Court for the Western District of Texas. Texas Blockchain Council and Riot Platf ...
Bitcoin mining difficulty exceeds 80 trillion hashes for the first time
On February 16, there was a significant development in Bitcoin mining as the difficulty reached an all-time high of over 80 trillion hashes. This marks an increase of 8.24% in just two weeks, with the total figure reaching 81.72 trillion hashes. Bitcoin mining difficult ...