Auto Added by WPeMatico

Ethereum Classic’s Hashrate Taps Another All-Time High Following Ethereum’s Hardened Merge Timeline

On Thursday, following the official proof-of-stake (PoS) transition announcement from the Ethereum Foundation, Ethereum Classic’s hashrate tapped another all-time high at block height 15,806,925. The latest jump to 38.64 terahash…

Continue ReadingEthereum Classic’s Hashrate Taps Another All-Time High Following Ethereum’s Hardened Merge Timeline

Sanctions, Disagreements Hamper Regulation of Crypto Mining in Russia, Experts Say

The changing geopolitical and economic environment, as well as persisting differences between responsible government institutions, are hindering the advance of legislation tailored to regulate cryptocurrency mining in Russia. According to…

Continue ReadingSanctions, Disagreements Hamper Regulation of Crypto Mining in Russia, Experts Say

Crypto Miners in Russia’s Irkutsk Region Fined Almost $1.7 Million This Year

Authorities in the energy-rich Russian region of Irkutsk have imposed hefty fines on crypto miners this year for illegal use of electricity to produce digital currencies. Power utilities have also…

Continue ReadingCrypto Miners in Russia’s Irkutsk Region Fined Almost $1.7 Million This Year

9,404 Crypto Mining Devices Seized by Iranian Authorities Since March

Iranian authorities have seized nearly 10,000 illegal cryptocurrency mining devices since March. According to reports, many of the seized crypto mining rigs were operating in public locations that receive free…

Continue Reading9,404 Crypto Mining Devices Seized by Iranian Authorities Since March

Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits

This bear market is proving to be especially tough for Bitcoin miners, but Canaan senior vice president Edward Lu says the industry is “evolving toward a positive long term.”

Continue ReadingCanaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits

Russian Caught Mining Crypto in Covid-19 Clinic

An IT specialist working for a medical institution in Russia’s Altai Republic has been detained for illegally mining cryptocurrency at the premises of a Covid-19 hospital. The man minted digital…

Continue ReadingRussian Caught Mining Crypto in Covid-19 Clinic