Russian Parliament Postpones Adoption of Crypto Mining Bill – Mining Bitcoin News
Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote...
Mining
Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt – Mining Bitcoin News
On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11...
Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG – Mining Bitcoin News
The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published...
While Miners Deal With Low BTC Prices, Bitcoin’s Mining Difficulty Target Expected to Increase 3% Higher – Mining Bitcoin News
Bitcoin’s mining difficulty target is expected to increase on Dec. 19, 2022, after printing the largest reduction recorded in 2022...
Russia Cracking Down on Crypto Miners Minting in Residential Areas – Mining Bitcoin News
Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from...
Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain – Mining Bitcoin News
On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in...
Constant Blackouts Have Ruined Cryptocurrency Mining Investments in Cuba – Mining Bitcoin News
Several small investors have manifested that the constant blackouts in several parts of Cuba have made cryptocurrency mining unsustainable, leaving...
Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage – Mining Bitcoin News
The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to...
Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported – Mining Bitcoin News
The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator...
Kenya-Based Bitcoin Mining Company Raises $2 Million in Seed Investment Led by Jack Dorsey-Owned Firm – Mining Bitcoin News
Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments...
Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill – Mining Bitcoin News
Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes...
Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022 – Mining Bitcoin News
On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty...
Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid – Mining Bitcoin News
On Nov. 29, 2022, The Electric Reliability Council of Texas (ERCOT) published a report on seasonal assessment and resource adequacy...
Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware – Mining Bitcoin News
Russia’s market for specialized crypto mining equipment has been seeing high demand over the past couple of months, with buyers...
Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits – Mining Bitcoin News
While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great...
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs – Mining Bitcoin News
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value...
Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand – Mining Bitcoin News
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province,...
Bitcoin’s Mining Difficulty Expected to Drop Significantly, Retarget Could Be 2022’s Largest Reduction – Mining Bitcoin News
Bitcoin miners could catch a break in a week or so, on or around Dec. 5, 2022, as the next...
New York Mayor Supportive of Mining Restrictions but Maintains Crypto Hub Objective – Mining Bitcoin News
Mayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban...
New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels – Mining Bitcoin News
A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses...
Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value – Mining Bitcoin News
Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the...
Bitcoin’s Top Mining Pool Foundry USA’s Hashrate Climbed 350% in 12 Months – Mining Bitcoin News
Last year, Bitcoin’s total network hashrate was around 160 exahash per second (EH/s), and 15 known mining pools dedicated hashrate...
