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As far as cryptocurrency mining is concerned, the main tool is a mining calculator. How to use it? Mining process Mining is the process of mining cryptocurrency (i.e. issuing it), by confirming transactions on the blockchain. Since cryptocurrencies like Bitcoin lack cen ...

North Carolina’s McDowell County Council voted to ban cryptocurrency mining

Keeping servers running and cooling them damages the environment and also violates climate norms, MPs are outraged. A temporary two-month moratorium on mining activity in the county was imposed in May this year ...

The index depends on hashrate - the higher it is, the higher the difficulty becomes. The July 12 index broke the previous record of June 14, exceeding it by 4.93%.  The mining difficulty index of the first cryptocurrency has been rising steadily since 2021, when Bitcoin's hash rate dropp ...

Vanguard’s investment in the mining industry has exceeded $500 mln

Asset manager Vanguard Group has increased its stake in bitcoin mining companies to more than half a billion dollars. Vanguard Group, which manages more than $7 trillion in assets, increased its stake in Marathon Digital by 60%, from 10.9 million t ...

What awaits illegal mining in 2023: new regulation is just around the corner

Community members are concerned about the imminent adoption of new regulations on cryptocurrency mining - reports of raids on mining farms began to appear online.. Mining by law Anatoly Aksakov, chairman of the Duma committee on financial market pa ...

Mining company Satoshi Spain repurposed its equipment for the needs of AI

Satoshi Spain, which sold and leased mining equipment during the cryptocurrency boom, has now repurposed its equipment for the needs of AI. "You can still make money with your mining equipment.. It's mining 2.0," said Alejandro Ibane ...

Glassnode: Miners send record amounts to exchanges

According to analytics platform Glassnode, miners sent $128 million in cryptocurrency to exchanges in the last week alone, equivalent to 315% of their daily income. Miners typically send their bitcoin profits to exchanges to withdraw them into fiat ...

Libyan police dismantled several Chinese mining farms

Libyan law enforcement authorities announced that they had shut down underground mining farms in the west of the country. According to the Tripoli prosecutor's office, about 50 Chinese citizens were detained at the farms. Representatives of the pro ...

Iris Energy intends to increase hash rate to 9.1 Eh/s

Australian mining company Iris Energy said it plans to increase its hash rate from 5.6 eps to 9.1 eps in 2024. Iris is now completing the first phase of construction of its data center in Childress, Texas, with an estimated 600 MW of capacity. In a ...

In the Irkutsk region found a thousand new addresses of illegal miners

From the beginning of 2023, about 1000 new addresses of underground cryptocurrency mining farms were revealed on the map of the Irkutsk region. This was reported by representatives of Irkutskenergosbyt. The total number of underground mining addresses ex ...