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Crypto Mining Surge and Erratic Weather Strain Laos’ Power Grid

A report released on May 16 highlights how increased electricity consumption due to crypto mining and inconsistent rainfall have led to power shortages in Laos, challenging its goals as a…

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El Salvador Reportedly Mined Nearly 474 BTC Using Geothermal Energy

El Salvador, the first country to adopt bitcoin as legal tender, has reportedly added 473.5 BTC to its treasury using geothermal energy. According to reports, official data released by The…

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Bitcoin Miners Face Significantly Reduced Earnings in May Despite Bitcoin Price Rise

According to the seven-day simple moving average (SMA) statistics regarding Bitcoin’s hashrate, the network hashrate has stayed below the 600 exahash per second (EH/s) mark for approximately one week. The…

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Bitcoin Miner Bitfarms Enhances Paraguay Facility With New 100 MW Hydropower Deal

On Tuesday, bitcoin mining company Bitfarms, listed on the Nasdaq and Toronto Stock Exchange (TSX), announced it has secured an additional 100 megawatts (MW) of power from Paraguay’s state-owned utility…

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Report: Russian Authorities Propose Steep Fines for Crypto Miners Operating in Residential Apartments

Russian authorities have reportedly proposed to impose hefty fines on suspected crypto miners operating from residential properties. Authorities may also consider including amendments to the Code of Administrative Offenses which…

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Bitcoin’s ‘Existential’ Challenge: Core Developer Warns of a New Era of Internal Struggles

Bitcoin faces a pivotal period that echoes the past block size wars, according to Bitcoin Core contributor Matt Corallo. In a recent blog post, Corallo examines the ongoing struggles within…

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Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving

Based on the three-day simple moving average, Bitcoin’s hashrate has continued its downward trend, registering at about 550 exahash per second (EH/s). Following the halving, onchain costs have decreased significantly,…

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Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in ‘Record-Breaking’ Quarter

In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period…

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