Ethereum Classic Hashrate Taps Another All-Time High, ETH Hashpower Remains Unchanged

On August 31, 2022, Ethereum Classic’s hashrate reached another all-time high (ATH) this year at block height 15,850,811. Ethereum Classic’s global hashpower surpassed the 40 terahash per second (TH/s) region on Wednesday. Despite the fact that the network’s hashrate ...

Bitcoin Mining Firm Compass Mining Has Georgia Sites Shuttered, Citing High Energy Costs

Bitcoin mining outfit Compass Mining announced on Thursday that its Georgia-based site has been shut down due to high energy costs.

Qld not entitled to most Acland royalties

Queensland might be entitled to less than seven per cent of royalties generated by a major thermal coal mine that is one step away from approval. New Hope's Acland coal mine, near Toowoomba, has been the subject of a ...

Bitcoin’s Mining Difficulty Change Prints 2022’s Second Largest Increase — Metric Nears All-Time High

On Wednesday, Bitcoin’s mining difficulty jumped 9.26% higher, recording the second highest difficulty rise in 2022. The latest rise is Bitcoin’s third difficulty increase since August 4, 2022, and it’s now 11.63% harder to find bitcoin block reward. Bitcoin ...

We Can’t Switch To Electric Cars Until We Get More Copper

Reducing emissions from human activity requires a great deal of effort in many different sectors. When it comes to land transport, the idea is generally to eliminate vehicles powered by combustion engines and replace them with electric vehicles instead. At ...

Paraguay’s President Vetoes Crypto Mining Law, Citing ‘Massive’ Energy Cost

The Paraguayan president rejected a crypto mining bill on Tuesday because the energy costs outweigh any employment benefits.

Paraguay President Squashes Bitcoin & Crypto Mining Bill with ‘Total Veto’

Mario Abdo Benítez. Source: A screenshot, Instagram/maritopresidente Paraguayan President Mario Abdo Benítez has spectacularly scuppered a much-vaunted bill that would have legalized and regulated Bitcoin (BTC) and crypto mining in the Latin American country. As reported, the ambitious draft ...

Bitcoin Mining Difficulty Nears All-Time High Amid Dropping Profitability

Source: AdobeStock / LIGHTFIELD STUDIOS Today, Bitcoin (BTC) mining difficulty, or the measure of how hard it is to compete for mining rewards, jumped the most since January this year, nearing its all-time high and cutting into the profit ...

Emissions results unclear for NSW mining

The effectiveness of NSW government efforts to reduce emissions in the regions remains unclear, with mining exploration continuing across the bush. Chief executive of the NSW government's Mining, Exploration and Geoscience for Regional NSW division Georgina Beattie says a ...

Publicly-Listed Bitcoin Miner Cleanspark’s Hashrate Exceeds 3 Exahash, Firm Records Daily Production High of 13.25 BTC

Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operation’s hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve months’ time. The news follows a number of expansions ...

Bitcoin Mining Difficulty Estimated To See Its Highest Jump Since January

Source: Adobe / funstarts33 The difficulty of mining Bitcoin (BTC) is this week expected to increase the most since January this year after hashrate on the network has seen a notable rise over the past 11 days. Per data ...

$3b iron ore project greenlit for WA

Mineral Resources and its joint venture partners have agreed to go ahead with a $3 billion iron ore development described as one of the largest ever undertaken in Western Australia. Work on Onslow Iron Project 150km east of Onslow ...

Is It Time To Begin Talking Seriously About Bitcoin Tail Emissions?

Source: AdobeStock / miomio13 It’s almost a truism that Bitcoin (BTC)’s major selling point is its hard supply cap, limiting its total possible circulation to BTC 21 million. However, contrary to this received wisdom, there seems to be a ...

Silver Supply Crunch Predictions, FDIC Issues Cease and Desist Order to FTX US, and More — Bitcoin.com News Week in Review

Morgan Report founder David Morgan foresees a supply crunch for silver, and says that in ten years’ time, it will be one of the best investments of the decade. One analyst, however, says if the precious metal falls below ...

Antpool Reveals Plans to Drop Ethereum Ethash Support, Plans to Keep Mining ETC

Antpool, the bitcoin mining pool affiliated with Bitmain, has announced the crypto mining operation will not manage ethereum accounts after The Merge is implemented. The mining pool is asking participating Antpool miners to add their ethereum withdrawal addresses by ...

Applied Blockchain Changes Name, Enters Purchase Agreement for Land in North Dakota

This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement ...

Bitcoin's Hashrate Skyrockets, Block Intervals Suggest a 'Notable' Difficulty Increase Is in the Cards

While bitcoin prices hover just below the $22K mark, the leading crypto asset has still shed more than 9% against the U.S. dollar during the last two weeks. Despite the lower prices, Bitcoin’s hashrate has jumped significantly in recent ...

Miners Eye Ethereum Classic Activity as Merge Nears

The hash rate of ETC hits an all-time high, which reduces the risks of a "51% attack."

Nvidia Has 'Limited Visibility' on Crypto Mining Impact in Q2 Revenue Drop

Nvidia reported a 19% overall revenue decline in Q2 2022 but is struggling to estimate the impact of crypto mining on the drop.

Crypto Miners in Russia’s Irkutsk Region Fined Almost $1.7 Million This Year

Authorities in the energy-rich Russian region of Irkutsk have imposed hefty fines on crypto miners this year for illegal use of electricity to produce digital currencies. Power utilities have also filed hundreds of lawsuits, a report reveals, quoting prosecutors. ...

LATAM’s New Crypto Mining ‘Promised Land’: Pluses & Minuses for Paraguay

Source: AdobeStock / harvepino Paraguay has become a “new Latin American Mecca for cryptocurrency mining,” a new report has claimed – but not everyone seems to be happy about the fact that more miners than ever are choosing to ...

Russian Caught Mining Crypto in Covid-19 Clinic

An IT specialist working for a medical institution in Russia’s Altai Republic has been detained for illegally mining cryptocurrency at the premises of a Covid-19 hospital. The man minted digital currencies using stolen electricity for almost a year before ...

World's Largest Ethereum Mining Pool to Drop Ether PoW Mining, Ethermine Starts Merge Countdown

The world’s largest ethereum mining pool, Ethermine, has announced the organization plans to drop proof-of-work (PoW) ethereum mining entirely. Ethermine says that the platform’s miner dashboard will display a countdown and users can continue to mine ether until the ...

Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1

Bitcoin’s value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bitcoin miners capitulated over the ...

Russian Hospital Employee ‘Mined Crypto in a COVID-19 Ward’; SBI Crypto to Halt Mining in Russia

Source: AdobeStock / niyazz A Russian medical specialist could face up to two years behind bars after authorities caught him allegedly running an illegal mining setup in a facility designed to treat coronavirus patients. The specialist had been placed ...

Bitcoin's Mining Difficulty Rises for the Second Time in a Row — It's Now 0.63% Harder to Find a BTC Block

On August 18, 2022, Bitcoin’s mining difficulty increased again after the 1.74% rise two weeks ago on August 4. At block height 749,952 at 7:07 a.m. (EST) the network’s mining difficulty rose by 0.63% from 28.17 trillion to 28.35 ...

Russian Bitcoin Miners ‘Used 1.25GW’ to Power Their Rigs Last Year, Double the 2020 Total – Report

Source: AdobeStock / phonlamaiphoto Russian bitcoin (BTC) miners reportedly used a whopping 1.25 gigawatts (GW) of electrical power to fuel their activities in 2021, almost double their total for 2020 – as the industry continues to expand in the ...

Bitcoin Miner Stronghold Sells Mining Machines to Slash $67.4M in Debt

The company announced a debt-reduction plan in its quarterly earnings report yesterday. Upon the news, Stronghold stock plummeted almost 18%.

Celsius Gets Approval to Sell Mined Bitcoin to Pay for Operations

Crypto lending company Celsius Network landed approval from a New York bankruptcy judge to sell Bitcoin generated from its mining operations.

Binance Obtains In-principle Approval to Operate With Cryptocurrencies in Kazakhstan

Crypto exchange Binance has been granted preliminary approval to offer trading and custody services for digital assets in Kazakhstan. The exchange is yet to complete the full application process but the development has already been hailed as a landmark ...

Another Crypto Exchange Signals Support for Miner-Led Ethereum Hard Fork

Singapore-based Bitrue joins a growing list of exchanges that will list ETHW and associated tokens and contracts.

Code Dogecoin Mining Tycoon today July 2022: Receive Giftcode

Dogecoin Mining Tycoon a series of games under Roblox, one of the games that has just been released recently, but has attracted a large number of players to participate in the game. With attractive gameplay, open-world style of gameplay, excellent ...

WA anti-discrimination laws overhauled to help FIFO sexual harassment victims

Western Australia’s anti-discrimination laws will be overhauled to be more effective, including protecting sexual harassment victims in the mining industry and members of the LGBTQA+ community in schools. The Law Reform Commission of WA made 163 recommendations in its final ...

PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit

In just over a month’s time, The Merge is likely to be implemented on the Ethereum blockchain and the network’s proof-of-work (PoW) miners will be forced to mine another coin. So far, it seems ethereum miners are sticking with ...

Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates

It is illegal to buy or sell cryptocurrency in Iran, the head of the country’s monetary authority has recently reminded citizens and businesses. The governor noted, however, that mining cryptocurrencies and using them in payments for imports is not ...

UK Financial Giant's Crypto Move, Solana's Growth, Pudgy Penguins Get Physical + More News

Source: A screenshot, Instagram/abrdn.plc Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Investments news One of the UK’s largest asset-management companies abrdn said it has ...

Creditors Want to Pour Cold Water on Celsius’ Mined Bitcoin Sale Plans

Source: Adobe/Casimiro Celsius creditors want to block the bankrupt crypto lender from selling mined bitcoin (BTC) reserves – and have labeled the firm’s CEO previous attempts to reassure them as “empty and false.” The company is filing for bankruptcy ...

Kosovo Renews Crypto Mining Ban Amid Rising Energy Prices

The government of Kosovo has adopted measures tailored to maintain energy supply in the coming months, including a ban on cryptocurrency mining. The move comes amid a sharp increase in import prices and the restrictions can be extended for ...

Justin Sun, Poloniex Back Plan to Create a PoW Ethereum Hard Fork

Source: @SolitudeAU, Twitter Ethereum (ETH) miners fearing the worst should the network’s much-vaunted move to proof-of-stake (PoS) go ahead next month could be thrown a lifeline – with Justin Sun and his Poloniex crypto trading platform stating that they ...

Celsius Creditors Move to Block Company From Selling Mined Bitcoin

Celsius creditors have also filed a statement calling CEO Alex Mashinsky's assurances to customers "empty and false promises."

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