Illegal crypto mining not the cause of power shortages in Iran, ministry says
Iran’s Ministry of Industry, Mine and Trade questioned Tavanir’s claims that illegal mining activities consume 2,000 megawatts of power.
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The total market cap of public crypto stocks has quadrupled since January
The combined capitalization of publicly-traded crypto stocks surged from roughly $25 billion in January to around $100B today.
Iranian Ministry of Industries Denies Power Shortages Are Caused by Illegal Crypto Miners
Iran’s Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes the state-run utility company, Tavanir,…
China mining shock may not be over yet, experts suggest
Despite Bitcoin’s perceived hash rate recovery, analysts noted that the recent 150 EH/s reading was based on a short 24-hour window.
Belarus president Lukashenko calls on state to mine cryptocurrency
Belarus has lots of abandoned industrial sites that could be used to generate revenue through cryptocurrency mining, the Belarusian president said.
Genesis Digital Assets Acquires 20,000 Bitcoin Mining Rigs From Canaan, Company Has Option to Buy 180K More
The China-based bitcoin ASIC mining machine manufacturer Canaan has announced the company has forged a partnership with Genesis Digital Assets, and the two firms have now signed a deal for…
Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New Life
The price of bitcoin has dipped a hair in value this past week, but the crypto asset is still up 14.4% over the course of the last month. Statistics show…
Mining Hardware Thief Gets 3-Year Sentence in Russia
Russian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A resident of Yaroslavl has just been found guilty of stealing…
Russian man gets three-year sentence for stealing a friend’s mining rig
The 34-year old convict was reportedly not able to make use of the stolen mining equipment due to a “lack of relevant knowledge.”
Lukashenko Urges Belarusians to Mine Cryptocurrency Rather Than Pick Strawberries Abroad
President Alexander Lukashenko has advised workers to stay in their home country instead of emigrating to fill low-paid farming jobs in Poland and Germany. The Belarusian leader pointed to an…