The mining difficulty of Bitcoin hit a new peak of 109.78 trillion, climbing 1.16% in Sunday’s latest adjustment. This represents a 24% …
Mining
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Bitcoin miners saw substantial shifts in their revenue during 2024, a pivotal year marked by the network’s fourth halving event. As bitcoin’s …
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Mining
Expert Insight: Cryptocurrency Mining Accounts for Nearly 1% of Russia’s Energy Resources
by shayaanby shayaanAlexey Zhikharev, director of the Renewable Energy Development Association (REDA), revealed that cryptocurrency mining accounts for almost 1% of Russia’s energy consumption. …
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According to data provided by CoinWarz, Bitcoin mining difficulty has reached a new record high of 109.78 trillion. The latest positive difficulty …
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Markets
Russia Imposes 6-Year Ban on Crypto Mining in 10 Regions, Citing Energy Use: Tass
by shayaanby shayaanThe Russian government imposed a six-year ban on crypto mining in 10 regions due to the industry’s high power consumption, Tass reported. …
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Though the month isn’t quite over yet, bitcoin miners have already outperformed their November earnings, amassing $1.33 billion in December with two …
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Mining
Today’s PoW Mining Marvels: Scrypt Takes the Throne as 2024’s Top Algorithm
by shayaanby shayaanDuring the opening week of the year, the Kheavyhash algorithm—used for mining kaspa (KAS)—topped the profitability charts among proof-of-work (PoW) algorithms. Fast …
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Mining
Kyrgyzstan crypto mining tax collection falls 50% year-over-year in 2024
by shayaanby shayaanA report on the 2024 Kyrgyz government revealed crypto mining taxes contributed only around $535,000. This value dropped by nearly half compared …
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Mining
Coin Metrics: New Tech Reshapes Bitcoin Mining Landscape Amid Post-Halving Hangover
by shayaanby shayaanThe 2024 bitcoin halving event sparked major changes in the mining scene, according to the latest “State of the Network” report by …
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Mining
Ethiopia’s Bitcoin mining surge now accounts for 2.5% of global hash rate
by shayaanby shayaanEthiopia is emerging as a significant player in Bitcoin mining, with local operations now accounting for 2.5% of the global hash rate. …