2023-1-4 12:48 |
The country has been cracking down on mining to deal with power shortages.
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Bitcoin’s price suffered another tumble this week following the latest developments in China on the cryptocurrency front. The Chinese government had warned of its intention to crack down on mining in the country and it’s since been reported that more than 90 percent of the PRC’s mining capacity has been shut down as lots of […]
2021-6-23 12:54 | |
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Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator.
2021-6-16 15:30 | |
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China's fourth-largest bitcoin mining province threatens to shut down non-compliant companies by the end of June. The post Yunnan Province in China Clamps Down on Illegal Bitcoin Mining appeared first on BeInCrypto.
2021-6-13 16:50 | |
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As Iran experiences rolling electricity blackouts, the country’s authorities have responded to the crisis by targeting bitcoin mining farms. The sanctions-hit country’s campaign against miners has seen a total of 1,600 mining centers being shut down.
2021-1-27 12:00 | |
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The leadership disputes within Bitmain, the world’s biggest mining firm, have finally been resolved. One of Bitmain’s co-founder, Jihan Wu, is set to resign as the company’s CEO as part of the settlement.
2021-1-27 00:01 | |
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Bitmain Technologies CEO Jihan Wu is reportedly stepping down from his role in the mining company. The Chinese billionaire cryptocurrency entrepreneur published a cryptic tweet on 26 January that mentThe post Bitmain’s Jihan Wu ‘finally’ settles disagreement with co-founder; resigns as chairman appeared first on AMBCrypto.
2021-1-26 20:00 | |
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Bitmain co-founder Jihan Wu is stepping down from his role as part of a settlement.
2021-1-27 18:37 | |
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Soon after Ethereum's price went past the crucial $1400-level a few days back, it fell down the charts. However, despite the scale of price corrections, the cryptocurrency was continuing to trade closThe post Ethereum's mining difficulty, hashrate hit new all-time highs appeared first on AMBCrypto.
2021-1-23 12:30 | |
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Several minority mining pools on Ethereum are working together to bring down the implementation of Ethereum Improvement Proposal (EIP) 1559. The proposal was put forward by ETH developers to help curb the network’s outrageous and highly volatile fees.
2021-1-23 22:00 | |
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Global chip shortage is slowing down the manufacturing of new crypto mining rigs; while BTC mining is dominant in China, miners now face surging prices on their equipment
2021-1-22 16:32 | |
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This week's volatility may come down to a tug-of-war between F2Pool selling and Grayscale buying.
2021-1-22 13:00 | |
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A small band of Ethereum miners are trying to pick off larger mining pools’ subscribers in a bid to shoot down EIP 1559.
2021-1-22 23:32 | |
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The authorities are now cracking down on illegal bitcoin mining operations.
The post Tehran Government Blames Bitcoin Mining for Massive Blackout first appeared on BitcoinExchangeGuide.2021-1-19 17:46 | |
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Iranian authorities have hammered down a massive 1,620 bitcoin (BTC) and crypto mining farms in the state. The authorities claim the operators of the bitcoin ming farms failed to register with the government as earlier directed, according to reports on January 7, 2021.
2021-1-9 18:00 | |
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Since Iran began recognizing cryptocurrency mining as an industry, it has reportedly shut down 1,620 unauthorized crypto mining farms. Crypto miners initially welcomed the recognition but later said that the electricity tariffs were too high.
2021-1-6 16:10 | |
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A defunct Kentucky-based steel plant that belongs to Ukrainian Oligarch Ihor Kolomoisky is said to have allegedly pivoted towards Bitcoin mining after shutting down operations in July. CC Metals & Alloys (CCMA) has been mining Bitcoin within its premises, according to a report by RadioSvoboda.
2020-12-15 18:00 | |
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The crypto mining crisis in Abkhazia is closely reaching its boiling point following the burnout of a power substation amid the refusal of both illegal and legal crypto miners to slow down their operations in the state.
2020-12-10 17:00 | |
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In the world of Bitcoin mining, the hash rate of the network, the computing power used to validate BTC transactions has taken a drop following the positive difficulty adjustment of 8. 8%. The 7-day average hash rate of the network is currently at 131 EH/s, down from the all-time high of 146.
2020-12-2 20:54 | |
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Bitcoin miners in China have faced trouble paying for electricity as the government continues to crack down on the exchange of crypto and yuan, according to Colin Wu
2020-11-16 13:37 | |
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Bitcoin has seen its hash rate decline over 43.47 % within a span of 3 days, due to Chinese mining farms closing down for the dry season. The reason being, they cannot generate enough hydropower withoThe post Here's what Bitcoin's recent hashrate drop may imply for miners appeared first on AMBCrypto.
2020-10-30 22:00 | |
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Ebang International Holdings Inc. , the Chinese maker of bitcoin mining hardware, reported a net loss of $6. 96 million during the first six months of this year, down from $19. 07 million a year ago, as demand fell due to the coronavirus pandemic.
2020-9-29 10:15 | |
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After facing some slight turbulence yesterday, Bitcoin incurred a massive rush of selling pressure today that sent its price reeling down to lows of $10,700 This movement came about in the form of a sharp selloff following a prolonged bout of sideways trading within the lower $11,400 Analysts are now noting that the market is now at serious risk of seeing further downside This comes as multiple large BTC mining pools begin offloading their holdings […]
2020-9-4 21:00 | |
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Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2. 4 million during the second quarter of 2020, down from $5. 6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid the Covid-19-induced global recession.
2020-9-3 08:00 | |
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Sept 1, 2020 — Two Malaysian cryptocurrency mining facilities have been raided by law enforcement for an alleged electricity theft totaling more than $600k. According to reports by local news outlet The Star, the raids were conducted as a joint operation between Malaysia’s Energy Commission, the Tenaga Nasional Berhad (TNB) power utility firm, and local […] The post Malaysian Police Shut Down Crypto Mining Operation for $600k Electricity Theft appeared first on BeInCrypto.
2020-9-2 12:50 | |
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Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly shut down 1,100 illegal bitcoin mining farms in the country, local media reported. Whistle-blowers tipped off authorities on unauthorized miners following a July announcement of rewards including 100 million rials (about $2,400).
2020-8-23 16:30 | |
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A new Ethereum Improvement Proposal (EIP) which aims to decrease the network’s mining reward is currently being debated. EIP-2878 looks to drop the block reward to just 0. 5 ETH. Those behind the new EIP claim it will bring annual inflation down and preserve the purchasing power of ether.
2020-8-20 16:35 | |
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Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen electrical shortages and the aftermath is causing quite a bit of stress for Chinese bitcoin miners.
2020-8-19 20:30 | |
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Financial police in Kyrgyzstan have discovered and shut down an illegal bitcoin mining farm. A cell phone video of the raid was released by government officials. On August 6, the Kyrgyz Republic State Financial Crime Office discovered a bitcoin mining farm in an abandoned airplane hangar in Bishkek.
2020-8-8 19:21 | |
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China's bitcoin miners are in a rut during a period of intense flooding, Ripple shows signs of sales growth and INX scaled down its IPO vision.
2020-8-4 19:05 | |
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CryptoSlate recently sat down with Ethan Vera, the CFO of Luxor Mining Pool and a former investment banker at Goldman Sachs. The post Mining pool co-founder on Bitcoin mining centralization, ‘death spirals’, and money printing appeared first on CryptoSlate.
2020-7-27 14:00 | |
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The Venezuelan government outlaws mining of Bitcoins (BTC) in any state-owned public housing projects due to ‘high electricity consumption’ and ‘disruption of the national grid supply. ’ However, a group of critics on the moving state the problems facing electricity in the country are inherent to the government’s negligence.
2020-7-20 17:00 | |
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The bitcoin ASIC mining rig manufacturer, Ebang International Holdings, was recently listed on Nasdaq last Friday on June 26. Ebang is now the second mining rig manufacturer to have a U. S. initial public offering (IPO) by selling company shares.
2020-7-3 03:05 | |
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It’s been approximately 37 days since the notorious Bitcoin reward halving that took place on Monday, May 11, 2020. On June 16, the Bitcoin network saw a large upwards difficulty adjustment making it much harder to mine bitcoins and slowing down the issuance rate because block generation has slowed down.
2020-6-18 03:05 | |
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China is losing mining dominance as the U.S. and Russia start breathing down its neck
2020-6-3 17:20 | |
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On June 1st, the price of bitcoin soared to $10,430 and remained above $10k until the dump yesterday took it down to $9,150 on some exchanges and to $8,600 on BitMEX. But before the digital currency crashed more than 9%, bitcoin miners sold a good chunk of their BTC. Before BTC’s dump, 2,293.7 BTC at […]
2020-6-3 16:18 | |
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Investors in Canaan Creative, a large Chinese Bitcoin mining firm, are reportedly abandoning ship as the company’s stock price plummets rapidly. Data from Nasdaq shows the Canaan (CAN) stock price down by more than 12% over the last 24 hours.
2020-5-28 13:10 | |
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Bitcoin miners have been on a wild roller-coaster ride in the past few weeks. After the halving on May 11, the rewards they receive were slashed by half from 12.5 BTC per block to 6.25 BTC. As a result, most of the miners using older model mining machines were forced to shut them down as […]
2020-5-27 12:26 | |
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After the bitcoin block reward halving on May 11, Glassnode.com statistics show the BTC hashrate is 90 EH/s or so on May 22. The overall SHA256 hashrate lost around 47 EH/s. Due to the electrical shortages, some mining machines have been forced to shut down to avoid more losses. From the image below, we can […]
2020-5-24 18:11 | |
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Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5. 6 million for the first quarter of 2020, down from $9. 5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent the heavy loss.
2020-5-24 06:01 | |
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Adam Back, the CEO of Blockstream, criticizes Twitter for failing to crack down on his impersonators
2020-5-21 19:20 | |
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Developers at blogging platform Ghost have spent the past 24 hours fighting a crypto mining malware attack.
2020-5-5 12:38 | |
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Here's how the "Great Lockdown" is redrawing the bitcoin mining landscape. The halving and economic crisis may be priced-in – but local politics aren't.
2020-4-19 19:30 | |
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Nasdaq-listed Bitcoin mining equipment maker, Canaan (CAN) had its IPO in November last year. At that time, it was trading at $8. 9 and since then, it lost about 64% of its value and is currently down at $3.
2020-4-11 19:55 | |
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The Texas State Securities Board and Alabama Securities Commission filed an emergency action against Ultra Mining, alleging it offered unregistered securities by promising to double investments in a cloud mining scheme.
2020-4-9 20:00 | |
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Russian police seized almost 1,500 mining rigs from an illegal Bitcoin mining farm, spread across several locations
2020-3-28 02:00 | |
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Russian police have taken down an illegal mining farm for stealing state electricity
2020-3-28 23:00 | |
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Digital Farms is halting operations due to low bitcoin prices, its owner says.
2020-3-27 16:30 | |
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The Bitcoin crash that took the price of the world's largest cryptocurrency down to $3k has been a game-changer for Bitcoin miners everywhere. In fact, many miners quit the network as the mining becamThe post Bitcoin network expects stability as mining difficulty gets readjusted by ~16% appeared first on AMBCrypto.
2020-3-26 22:30 | |
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The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.
Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions.
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission.