Category: Mining


Expert Believes Nuclear-Powered Crypto Mining Could Help Ukraine to Solve Energy Spending Problems


Expert Believes Nuclear-Powered Crypto Mining Could Help Ukraine to Solve Energy Spending ProblemsBitcoin mining could be a proper asset to solve one of the significant issues in the Ukrainian energy sector: spending. A financial expert praised the recent push given by Ukraine’s government to nuclear-powered crypto mining across the nation. Crypto Mining Can ‘Smooth out’ Fluctuations in Consumption, Says Expert During an interview with Inshe, Alexei Mushak, […]






Venezuelan Guards Seize 76 Bitcoin Mining Rigs Due to ‘Inconsistencies’ in Transport Documents


Venezuelan Guards Seize 76 Bitcoin Mining Rigs Due to 'Inconsistencies' in Transport DocumentsThe Bolivarian National Guard of Venezuela (GNB) is known for having a tough stance against crypto mining rig counterfeits, as several operations have been assigned to combat the issues over the last few months. This time, the Venezuelan authorities seized 76 mining rigs after allegedly detecting inconsistencies in the transport documentation. Rigs Are Presumably ASIC […]


Bitriver to Sell Tokens Backed by 100 Megawatts of Low-Carbon Siberian Mining Power


Bitriver to Sell Tokens Backed by 100 Megawatts of Low-Carbon Siberian Mining PowerOn April 12, the international provider of colocation services for low-carbon cryptocurrency mining Bitriver announced it is launching a pre-sale of tokens backed by 100 megawatts (MW) of mining power in Siberia. The ERC20 tokens called “bitriver token (BTR)” will represent a single watt-hour (Wh) of Bitriver’s power in Bratsk. A Low-Carbon Crypto Mining Token […]




Online Game Operator The9 Plans to Purchase 2,000 Bitcoin Miners for Over $6 Million


Online Game Operator The9 Plans to Purchase 2,000 Bitcoin Miners for Over $6 MillionThe Shanghai-based online game operator, The9 Limited, has revealed the company is planning to acquire 2,000 Canaan Avalonminers for over $6 million in a stock deal. The9’s binding memorandum of understanding (MOU) explains that the new units will give the company 0.1 exahash of bitcoin hashpower. On April 9, the publicly-listed gaming and internet company […]


Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in Austin


Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in AustinThe Lone Star State of Texas is solidifying its role as a bitcoin mining and blockchain hub. This week two major bitcoin mining companies established operations in Texas. The company Riot Blockchain purchased a mining site in Rockdale and the bitcoin mining firm Blockcap announced establishing headquarters in Austin. Blockcap Sets Up Headquarters in Austin, […]



Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million


Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 MillionFollowing the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in a share exchange agreement. 500.com Changes Name to Bit Mining Limited and Acquires Bee Computing […]









Ether Hashrate Climbs to New Heights, Reports Say a 2,000 Megahash ETH Miner Set to Drop This Summer


Ether Hashrate Climbs to New Heights, Reports Say a 2,000 Megahash ETH Miner Set to Drop This SummerIn December 2020, the mining rig manufacturer Innosilicon released a new ethereum miner called the Innosilicon A10 Pro+, which processes Ethereum-based hashrate at around 750 megahash per second (MH/s). Regional reports have noted Innosilicon is dropping a new ether mining rig this summer that processes speeds of up to 2,000 MH/s. Additionally, during the course […]


Abkhazia Plans to Criminalize Crypto Mining as Energy Crisis Deepens— Extends Temporary Ban


Abkhazia Plans to Criminalize Crypto Mining as Energy Crisis Deepens — Extends Temporary BanCrypto mining in Abkhazia is still a hot potato for the de facto state government, which is now determined to criminalize such activities. Continuous massive power disruptions, in parallel, are fueling the anger of the people towards crypto miners. Public Officials to Face Bigger Penalties According to a report published by E Daily, the Abkhazian […]


Bitcoin Mining Difficulty Sets New Records, BTC Miners Capture $1.5 Billion in Revenue Last Month


Bitcoin Mining Difficulty Sets New Records, BTC Miners Capture $1.5 Billion in Revenue Last MonthOn Friday, April 2, 2021, Bitcoin’s mining difficulty is the highest it has even been in its lifetime but bitcoin miners still captured record revenues last month raking in $1.5 billion in coinbase rewards and transaction fees. Today, the blockchain’s hashrate is around 160 exahash per second (EH/s) with 17 pools dedicating hashpower to the […]



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