Swedish call to ban crypto mining ‘completely misinformed,’ says fund manager
“The claim that Bitcoin miners jeopardize the electricity network is completely misinformed,” says EU-based fund manager Melanion Capital.
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While BTC’s Hashrate Climbs Higher, Bitcoin’s Mining Difficulty Nears All-Time High
During the last 90 days, Bitcoin’s hashrate has been climbing higher and has been slowly nearing the all-time high (ATH) the network captured six months ago in May. The accelerated…
Foundry USA becomes second-largest Bitcoin mining pool amid China ban
New York-based Foundry USA contributed to a 15.42% share of the network hash rate and is just 4,000 PH/s behind AntPool.
Norway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining
The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a European ban on proof-of-work mining.…
Crypto miner PrimeBlock reportedly plans to go public through 10X Capital merger
The merger could result in a valuation of the two firms at roughly $1.5 billion following a $150 million fundraising round from 10X Capital Venture.
Nvidia’s Q3 report reveals sharp decline in crypto mining chip sales
Nvidia's crypto mining product line sales are expected to decline to “very negligible” in the fourth quarter.
China Targets Crypto Mining at State-Owned Enterprises, Threatens Punitive Measures
Authorities in China are continuing to crack down on activities linked to cryptocurrencies which they consider illegal. The country’s top economic planning body has clearly indicated it intends to go…
Kyrgyzstan Shuts Down Cryptocurrency Farm With 2,500 Mining Rigs
Authorities in Kyrgyzstan have uncovered and shut down a large crypto mining farm in the north of the country. Law enforcement officials claim the illegal coin minting facility has inflicted…
China warns state-owned enterprises to cease involvement in Bitcoin mining
China is considering imposing harsh penalties on state-owned firms that continue mining cryptocurrencies.
Bitcoin Hashrate Nears All-Time High Captured in May — BTC Mining Rigs Produced in 2016 Still Profitable
While bitcoin’s value has remained well above the $60K range, the network’s hashrate has surged to over 184 exahash per second (EH/s) as mining devices are far more profitable at…
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