Category: Mining


Sri Lanka Appoints Committee to Draft Digital Currency Policy, Seeks Crypto Investments


Sri Lanka Appoints Committee to Draft Digital Currency Policy, Seeks Crypto InvestmentsIn preparation to regulate its fintech space, the government of Sri Lanka has established a special committee tasked to formulate the country’s policy on digital banking and crypto-related activities. The committee comprises professionals from the public and private sectors. New Committee to Propose Rules for Blockchain Industry in Sri Lanka Sri Lankan authorities have unveiled […]


Abkhazia Extends Internet Restrictions for Cryptocurrency Miners


Abkhazia Extends Internet Restrictions for Cryptocurrency MinersThe government in Abkhazia has extended an order prohibiting access to internet sites used by cryptocurrency miners. The measure is part of a wider ban on activities related to the extraction of digital coins that also limits the use of electricity and imports of mining equipment in the breakaway Georgian republic. Authorities in Abkhazia Confirm […]


Abkhazia Extends Internet Restrictions for Cryptocurrency Miners


Abkhazia Extends Internet Restrictions for Cryptocurrency MinersThe government in Abkhazia has extended an order prohibiting access to internet sites used by cryptocurrency miners. The measure is part of a wider ban on activities related to the extraction of digital coins that also limits the use of electricity and imports of mining equipment in the breakaway Georgian republic. Authorities in Abkhazia Confirm […]






Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for Miners


Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for MinersMembers of the parliament in Kazakhstan have proposed the establishment of a state register for cryptocurrency farms operating in the country. Alarmed by the growing consumption of energy in the sector, the lawmakers also want to charge miners a higher price for the electricity they use. Mazhilis Members Want Miners in Kazakhstan to Register With […]






Bitcoin’s Mining Difficulty Continues to Rise: 37% More Difficult to Mine BTC Than 3 Months Ago, Difficulty Nears 20 Trillion


Bitcoin’s Mining Difficulty Continues to Rise, 37% More Difficult to Mine BTC Than 3 Months Ago, Difficulty Nears 20 TrillionBitcoin’s hashrate has been climbing steadily over the last three months and rose more than 40% after the network’s hashpower was below 90 exahash per second (EH/s) on July 5. The trend has led to a consecutive run of five bitcoin mining difficulty accruals with another increase expected during the next transition. Hashrate Steadily Increases, […]


Canadian Bitcoin Mine Operator Facing $7 Million Fine for Setting Up Power Plants Without Permission


bitcoin mineLink Global, a bitcoin mine operator in Canada, is facing a fine of up to $7 million for installing power plants to run its miners without government permission. The company installed several power plants without following legal procedures and alleges that, if the penalty is enforced, it will constitute a fatal blow to its finances. […]


Kyrgyzstan Raises Electricity Rates for Cryptocurrency Miners


Kyrgyzstan Raises Electricity Rates for Cryptocurrency MinersThe government of Kyrgyzstan has recently revised its electricity tariffs for various groups of consumers. Authorities in Bishkek have raised the rates at which crypto mining businesses buy power citing the energy-intensive nature of the coin minting process. Crypto Miners in Kyrgyzstan to Pay More for Electricity Companies operating crypto mining facilities in Kyrgyzstan will […]


Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions


Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls RestrictionsKazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet for crypto miners who are taking advantage of its low electricity rates. Republic of Kazakhstan Sees 7% Increase in Electricity Demand Due to Crypto Miners […]



Argo Blockchain Purchases 20K Miners From Bitmain for Future Mining Center in Texas


argoArgo Blockchain, a London-based cryptocurrency mining company, has announced an expansion of its mining capacity that will more than double its current hashrate. The expansion will be done through the acquisition of 20,000 S19J Pro bitcoin miners from Bitmain, which will be delivered in several installments. These miners will populate the facility the company plans […]


Tehran Stock Exchange Head Resigns Over Mining Rigs Found at Organization’s Office


Tehran Stock Exchange Head Resigns Over Mining Rigs Found at Organization’s OfficeThe director of Tehran’s Stock Exchange has resigned from his post following the discovery of cryptocurrency mining rigs in his organization’s basement. The scandal has erupted as licensed crypto miners in Iran are reportedly resuming operations amid fears of new restrictions in the winter. Iran Stock Exchange CEO Loses Job for Illegal Crypto Mining Under […]



Salvadoran President Shares Video of Volcano-Powered Bitcoin Mining Facility


On Tuesday, Salvadoran president Nayib Bukele shared a video of a bitcoin mine operating adjacent to a volcano. Bukele discussed the volcano-powered bitcoin mining on June 9 when he talked about the “95MW of 100% clean, 0 emissions geothermal energy from our volcanos.” El Salvador’s Nayib Bukele Shares a Video of the ‘First Steps’ Behind […]



Alibaba Suspends Sale of Cryptocurrency Mining Hardware on Its Platform


alibabaAlibaba, the Chinese e-commerce giant, has announced it will no longer allow the sale of cryptocurrency mining gear on its platform. The sales behemoth made this announcement yesterday via its official website. The move is a direct consequence of the latest ban the Chinese government has applied to cryptocurrency trading and mining. Other institutions and […]