EIA: American miners consume electricity as much as an entire state
In the past year, cryptocurrency mining has become a significant contributor to the energy consumption in the United States. According to the Energy Information Agency (EIA), cryptocurrency mining accounted for approximately 0.6% to 2.3% of the country's total energy consumption ...
A new illegal mining farm was found near Irkutsk
Authorities in Irkutsk have made a groundbreaking discovery, uncovering an illegal cryptocurrency farm in the village of Zalari. Law enforcement officers stumbled upon an unfinished private residence that was illegally connected to the power grid.Energy workers initiall ...
OKX exchange closes mining pool to all users
In a surprising move, the OKX cryptocurrency exchange has announced the closure of its mining pool effective from February 26, 2024. Users will only be able to utilize the mining service until February 25th, and new user registration will be halted by Friday, January 26th. ...
Investment platform Swan Bitcoin has launched a mining business
Swan Bitcoin, a Californian investment platform specializing in the first cryptocurrency, has made a unique move by launching its own mining division in July. Since then, the division has successfully mined 750 BTC. CEO Cory Klippsten revealed that the decision to unvei ...
State Duma deputies criticized the idea of increasing electricity tariffs for miners
The expert council of the working group on legislative regulation of cryptocurrencies in the State Duma expressed their disagreement with the Ministry of Energy of the Russian Federation's proposal to hike electricity tariffs for miners.The Ministry of Energy's s ...
Bitfarms plans to build a new mining center in Paraguay
Bitfarms, a Canadian company specializing in bitcoin mining, has made a significant move by acquiring a piece of land in Paraguay. This plot will be the site of a new mining complex, boasting an impressive capacity of 100 MW.Located in the city of Iguazu, the land lies ...
Russian miners were proposed to be temporarily disconnected from electricity
A groundbreaking study, commissioned by the Industrial Mining Association, has proposed new rules for miners in Russia. The study, which has been sent for approval to the authorities, suggests categorizing miners as a separate group of electricity consumers and recommending a di ...
Uzbekistan has introduced criminal liability for illegal mining and circulation of cryptocurrencies
The government of Uzbekistan has implemented stricter regulations on cryptocurrencies, including criminal penalties for illegal mining and the unauthorized trading of cryptoassets. Uzbekistan's Code of Administrative Offenses has been expanded to include new articles th ...
MetaMask developers presented a new service for deploying nodes in Ethereum
MetaMask, a leading cryptocurrency wallet developer, has launched an innovative service that allows users to stake on the Ethereum network more efficiently. The new feature aims to optimize the process of validator nodes' deployment. Through this service, MetaMask clien ...
BitRiver made a forecast of the cost of Bitcoin mining after halving
BitRiver, a Russian mining company, has announced that the cost of bitcoin mining in Russia after the halving will remain lower than in the United States.According to CEO and founder Igor Runets, the current cost of mining one Bitcoin in Russia is approximately $15,000. ...