Auto Added by WPeMatico

Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions

Kazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet…

Continue ReadingCrypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions

Argo Blockchain Purchases 20K Miners From Bitmain for Future Mining Center in Texas

Argo Blockchain, a London-based cryptocurrency mining company, has announced an expansion of its mining capacity that will more than double its current hashrate. The expansion will be done through the…

Continue ReadingArgo Blockchain Purchases 20K Miners From Bitmain for Future Mining Center in Texas

Tehran Stock Exchange Head Resigns Over Mining Rigs Found at Organization’s Office

The director of Tehran’s Stock Exchange has resigned from his post following the discovery of cryptocurrency mining rigs in his organization’s basement. The scandal has erupted as licensed crypto miners…

Continue ReadingTehran Stock Exchange Head Resigns Over Mining Rigs Found at Organization’s Office

Tehran Stock Exchange CEO resigns following discovery of Bitcoin miners in basement

Iranian authorities have conducted many raids on crypto miners in abandoned factories, homes, and small businesses — nothing quite as high profile as the country's largest stock exchange.

Continue ReadingTehran Stock Exchange CEO resigns following discovery of Bitcoin miners in basement

Salvadoran President Shares Video of Volcano-Powered Bitcoin Mining Facility

On Tuesday, Salvadoran president Nayib Bukele shared a video of a bitcoin mine operating adjacent to a volcano. Bukele discussed the volcano-powered bitcoin mining on June 9 when he talked…

Continue ReadingSalvadoran President Shares Video of Volcano-Powered Bitcoin Mining Facility

Alibaba Suspends Sale of Cryptocurrency Mining Hardware on Its Platform

Alibaba, the Chinese e-commerce giant, has announced it will no longer allow the sale of cryptocurrency mining gear on its platform. The sales behemoth made this announcement yesterday via its…

Continue ReadingAlibaba Suspends Sale of Cryptocurrency Mining Hardware on Its Platform

El Salvador President Shares Images of What Seems To Be Its Volcano-Powered Bitcoin Mining Facility

El Salvador’s President Nayib Bukele may be receiving a wave of criticism due to his hasty decision to declare Bitcoin as legal tender in his country, but that is not…

Continue ReadingEl Salvador President Shares Images of What Seems To Be Its Volcano-Powered Bitcoin Mining Facility