Tag: crypto mining

Dec 06 2021

Why The Ukranian Police Raided A Crypto Farm

An illegal crypto mining farm was found and shut down by authorities in Ukraine. The facility was allegedly stealing energy to conduct its operations in the Kyiv region. The authorities claimed the responsible parties were three residents of the same region who rented a large building in the Mucha district for placing the mining equipment and running operations. The Security Service of Ukraine...

Only In Crypto: Ted Cruz Cosigns Argument That Bitcoin Miners Are Fixing Texas Electric Grid

A lot has happened in the Bitcoin space, from mining crackdowns to new all- time highs to market crashes. Out of all of these have come some very interesting takes on how Bitcoin and crypto, in general, are affecting the day-to-day lives of individuals. One of these has been the energy consumption associated with bitcoin mining. This concern has grown to the point where...

Nov 29 2021

Crypto Miners Are Hacking into Cloud Platforms: Google Warns

These attackers are exploiting various techniques to take control of the targets.

Nov 25 2021

Kazakhstan Plans For A Nuclear Power Plant To Keep Crypto Mining

Kazakhstan's president, Kassym-Jomart Tokayev, proposed building a nuclear power plant to sustain the country's crypto mining growth amidst the energy crisis the country is facing. The suggestion was made during a meeting with bankers on November 19th, following various proposals that aim "to increase the contribution of the...

Nov 24 2021

Bitcoin Mining Firm Wattum Announces Expansion into Niagara Falls

The crypto mining company expects to power in the new facility as much as 50 MW per month after the deployment.

Nov 23 2021

Crypto Lending Firm Celsius Invests Additional $300 Million into Bitcoin Mining

Celsius Network, a centralized provider of cryptocurrency loans, has announced a $300 million investment into Bitcoin (BTC) mining equipment and related services. With over $200 million invested in BTC mining facilities in North America (NA) earlier in the year, Celsius has now allocated more than $500 million to complement its lending business with a Bitcoin mining venture.

Nov 19 2021

This Country is promoting Crypto businesses, but here is the Catch

Nov 19 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The government of Laos issued exclusive crypto regulation guidelines this Tuesday, encouraging cryptocurrency mining operations and trading platforms in the nation, but assuring that the government also benefits from the industry. While attempting to pull off a rather commercial move as something charitable, Laos' Minister of Technology and Communications, Dr. Boviengkham Vongdara backed the new The post This Country is promoting Crypto businesses,...

Nov 08 2021

Kazakhstan Senate Approves Legislation To Monitor Crypto Service Providers

The Kazakhstan national parliament has passed a law that subjects crypto service providers to the country’s financial monitoring system. The law aims to protect investors and also prevent crypto-related crimes from happening. According to a...

Nov 03 2021

Bitcoin Mining Difficulty Jumps by 8%

The latest surge marks the 8th consecutive difficulty increase since China’s crypto mining ban.

Nov 01 2021

This country seized over 100 illegally operating Crypto mining rigs, Here’s what happened

Nov 01 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The Venezuelan authorities have revealed yet another takedown of an unregistered crypto mining operation in the nation. According to a local news outlet, a joint operation by the National Superintendency of Crypto Assets and Related Activities (Sunacrip), together with the National Electric Corporation (CORPOELEC), accompanied by the Venezuelan police authorities, cracked down on a “clandestinely” The post This country seized over 100 illegally...

Oct 25 2021

Trillion Dollar Mistake: Is China Planning To Reverse Crypto Ban?

Earlier in the year, China had embarked on what is considered the biggest crypto crackdown to date. The country has had a tumultuous relationship with the crypto space in the past, announcing various bans. But the severity of its last crackdown had led to the exit of miners out of what was said to be the ‘crypto mining capital of the world.’ The...

Oct 23 2021

Titan Mining Firm Launches Open-source Project Lumerin, Set to Commodify Bitcoin’s Hashpower

Titan, a bitcoin mining firm has revealed a new decentralized hashpower routing protocol called Lumerin. The open-source project will essentially be aiming to make bitcoin’s hashpower a tradable commodity through smart contracts. Mining Arm of Bloq Inc.,Titan Announces the Lumerin Protocol Titan, the mining arm of Bloq Inc. firm, has announced 'Lumerin', its decentralized hashpower The post Titan Mining Firm Launches Open-source Project...

Oct 22 2021

Russian Authorities Consider Proposed Crypto Mining Project Using Associated Petroleum Gas

The Russian government is considering a proposed project to mine crypto using Associated Petroleum Gas (APG). Local oil and gas companies in Russia want to operate crypto mining farms on their oil rigs using APG to generate power. Deputy head of Russia’s Ministry of Industry and Trade, Vasiliy Shpak, presented the proposal to the Ministry of Digitalization and the Bank of...

CPU For Mining Explained

CPU for mining is one of the main topics related to cryptocurrency mining. Why is CPU mining important? Because it lets users get exposure to the crypto market […]

Oct 21 2021

Russian regulators want to mine crypto through wasted flare gas

Mining digital assets in Russia could take a new turn in the near future as regulators in the European country are considering using waste natural gases for mining purposes, this was revealed by a report from a local media house, Kommersant. Gas flares for crypto mining According to the...

Oct 18 2021

New York State local businesses rally against Crypto Mining Centers

Oct 18 2021 Published at Coingape under tags  altcoin news bitcoin news btcbrl btcbusd btcdai

The New York State’s local businesses, labor groups, and several organizations have come together against allotting the city’s old fossil-fuel power plants to build crypto mining centers. The State’s Governor, Kathy Hochul received a letter from these businesses appealing to deny permits to transform the Greenidge Generating Station and the Fortistar North Tonawanda power plants The post New York State local businesses rally...

Oct 14 2021

UK Bitcoin Miner Jailed for Stealing Electricity to Run Two Mining Farms

The individual was sentenced to 13 months and two weeks in prison at Leicester Crown Court.

Crypto Ban: China to Investigate Government Executive’s Illegitimate Crypto Mining

Oct 14 2021 Published at Coingape under tags  bitcoin mining btcbrl btcbusd btcdai btceur

The Central Bank of China earlier this month issued a new set of crypto crackdown guidelines which is being seen as the most comprehensive one to date. The draft law deemed all crypto-related transactions illegal, ordered authorities to crackdown and remove small and medium mining operations being carried on in homes and rural provinces, and The post Crypto Ban: China to Investigate Government...

Oct 13 2021

US Is Now the Biggest Bitcoin Mining Center after China’s Crackdown

China's hash rate levels declined to zero levels after the crackdown launched by the government.

Oct 12 2021

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