According to data provided by CoinWarz, Bitcoin mining difficulty has reached a new record high of 109.78 trillion. The latest positive difficulty …
Mining
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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. …
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Ethiopia’s Grand Renaissance Dam powers Bitcoin mining, generating 18% of Ethiopian Electric Power’s revenue from digital assets. Renewable energy fuels Bitcoin mining …
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Mining
From Chinese Car Firm to Crypto: Cango Quietly Becomes a Bitcoin Mining Giant
by shayaanby shayaanAccording to a report from Blockspace Media, there’s a new entity on the block that has quietly climbed to become the third-largest …
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Mining
Bitcoin ends the year with gains, but mining stocks are deeply in the red
by shayaanby shayaanPublic mining companies have posted deep losses in 2024, based on data from Hashrate Index, tracking the biggest miners and data center …