Bitcoin mining Archives - Page 2 of 3

Coinmetrics Analysts Says Miners Have Enough Force To Relieve Misfortunes

April 13, 2020

As indicated by the Coinmetrics declaration, the second biggest drop in the history of Bitcoin (BTC) is not a long way from changing as miners strengthen their endeavors. https://twitter.com/coinmetrics/stat...

1,000 BTC Mined In 2010 Moved For The First Time Amidst Sell-Off

March 15, 2020

Bitcoin that was mined in 2010 has been moved from its wallet for the first time amidst the ongoing sell-off. According to a post, discerning Redditors discovered that 1,000 BTC mined in 2010 had been moved ...

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

March 7, 2020

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...

China Shuts Bitcoin Mining Farms Following Coronavirus Epidemic

February 7, 2020

As the Coronavirus epidemic is getting worse, Chinese authorities are shutting down Bitcoin mining farms to contain the spread. Jiang Zhuoer, the operator of mining pool BTC.Top, revealed on Weibo last Tuesd...

Electricity Shortage Forces China to Crackdown on Crypto Mining

December 31, 2019

The local authorities of the Chinese province of Sichuan are clamping down on Bitcoin mining operations in the region amid a power shortage. Reported by the Asia Times, the authorities are not only going aft...

7,000 Illegal Crypto Mining Machines Seized

December 23, 2019

The crackdown on crypto mining in China has continued unabated, this time with the seizure of 7,000 mining machines, per a Cointelegraph report. Crypto mining has been a point of contention for many countrie...

Two Russians Prosecuted for Mining Crypto on Government Computers

December 17, 2019

The Russian authorities have prosecuted two citizens of the country for illegally mining digital currencies on computers of state organizations. Reported by local media outlet TASS on Monday, the two perpetr...

Chinese Crypto Miners Rush to Sichuan for Cheap Hydroelectricity

February 14, 2019

Over the course of the last three weeks, Chinese miners have reportedly been rushing to the country’s Sichuan region to take advantage of cheap hydroelectricity that is being generated in large amounts by the...

Chinese Crypto Mining Firms are Selling Equipment By the Kilo

November 23, 2018

Chinese crypto outlet 8BTC reported earlier this week that crypto mining operations are selling off mining equipment by weight rather than by unit amidst widespread market decline. The report specifically cit...

Even if Bitcoin Fell 50%, Chinese Miners Would Still Profit

January 10, 2018

Despite the crypto-related troubles that China has had with cryptocurrency in recent months, some Chinese citizens are still managing to profit off of crypto. According to a report from Bloomberg, the practic...