Auto Added by WPeMatico

Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms

Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over…

Continue ReadingKazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms

Bitcoin Hashrate Hits Another Milestone, Network’s Mining Difficulty Taps 13-Year High

The processing power backing the Bitcoin network has continued its upward momentum tapping another all-time high (ATH) on February 15, 2022, at 249 exahash per second (EH/s). Following the latest…

Continue ReadingBitcoin Hashrate Hits Another Milestone, Network’s Mining Difficulty Taps 13-Year High

Russia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners

The Ministry of Economic Development of Russia has suggested that crypto mining should be allowed in energy-rich regions and miners provided with access to inexpensive electricity. The department has joined…

Continue ReadingRussia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners