Local Chinese Authority Seeks to Curb Bitcoin Mining

Chinese local government of Sichuan province has turned hostile towards the booming Bitcoin mining operations and issued a notice proposing a ban on the sector. The notice has been issued by the financial ad...

FTX Launches Bitcoin Hashrate Futures

FTX, a Binance-backed crypto derivatives platform, is now offering futures contracts for Bitcoin hashrate, enabling miners to hedge on the mining difficulty. The launch came nine months after the derivatives...

New York Power Plant Mines $50,000 Of BTC Each Day

A New York power plant goes to BTC mining in a fruitful offer to increase profitability. Bloomberg provided details today that a power plant in New York’s Finger Lakes locale presently mines about $50,000 of...