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Crypto Mining

Human hands reaching towards a bitcoin BTC
Bitcoin (BTC)
Interest In Cryptocurrency Surges as New Miners Are Banned in British Columbia

British Columbia suspends new miners from accessing electricity in a bid to conserve 'clean' energy for electric vehicles.

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A sad person kicking giant bitcoin coins
Bitcoin (BTC)
Bitcoin Miner Core Scientific Files for Bankruptcy, Continues Mining while Repaying Debt Holders

The company has received support from some of its note holders with debtor-in-possession (DIP) facilities of up to $75 million.
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White stationary computer on top of bitcoin coin wit hands reaching out
Bitcoin (BTC)
Bitcoin Mining Firm Bitmain Sells Out Latest HNS HS3 Antminer in 27 Seconds

Bitcoin mining firm Bitmain has completed the sale of its latest device in a record 27 seconds.
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Human is drowning in Bitcoins.
Bitcoin (BTC)
B. Riley Financial Offers Credit Facility to Core Scientific to Avoid Bankruptcy

B.Riley believes that Core Scientific will be able to restructure its debt with the credit facility despite challenging market conditions.
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Man with tank.
Bitcoin (BTC)
Mining Bitcoin: Russia Bans Mining in Residential Zones Whilst Japan Capitalizes on Spare Energy

Russia is cracking down on residential mining whilst Japan looks to utilize excess energy for mining centers
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Ricardo Barro with spinning giant bitcoin on head pointing
Bitcoin (BTC)
Brazil Adopts Cryptocurrency as a Means of Payment

The bill defines how cryptocurrency exchanges can operate in Brazil, including custodial services and third-party sales of cryptocurrency.

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new york Kathy Hochul governor bans crypto mining moratorium
Regulations
New York Enacts Partial 2-Year Ban on Crypto Mining

New York will no longer allow crypto miners to run their own fossil fuel power plants.
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DOJ arrests two Estonians related to $575 million crypto fraud
Regulations
Two Estonians Charged in $575 Million Crypto Mining Service Scam

Sergei Potapenko and Ivan Turogin ran HashFlare through which they allegedly stole over $550 million from 2015 to 2019.

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Core Scientific
Bitcoin (BTC)
World’s Largest Bitcoin Miner, Core Scientific’s Stock Falls Over 78% in 24 Hours After Bankruptcy Warnings

According to Core Scientific, it is unable to make its debt payments in October and early November.
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Bitcoin Mining
Bitcoin (BTC)
Learning about Bitcoin (BTC) Mining with Play-to-Earn Games: A Review

Can play-to-earn game simulating crypto mining teach users about real-world mining?
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Bitcoin (BTC)
Potential Global Crackdown on Bitcoin (BTC) Mining Owing to High Consumption of Energy

Bitcoin Mining Council reports that bitcoin mining firms have increased their energy consumption by 41% year-over-year.

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Data Shows Over 65% Of Bitcoin Supply Remained Dormant For A Year
Bitcoin (BTC)
Over 65% Of Bitcoin’s (BTC) Total Supply Remained Dormant For A Year

Glassnode observed that increasing dormant supply is a characteristic of BTC bear markets.
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How Long Does It Take to Mine a Bitcoin on Game Boy – A Million Times Faster Than with Pencil and Paper
Bitcoin (BTC)
How Long Does It Take to Mine a Bitcoin on Game Boy? A Million Times Faster Than with Pencil and Paper

This makes it as fast as a few quadrillion years to mine one bitcoin on Game Boy.
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Bitfarms Increases Bitcoin Mining In August 2022
Bitcoin (BTC)
Bitfarms Increases Bitcoin Mining in August 2022

Bitfarms mined 534 Bitcoins for an average of 17.2 BTC/day in August 2022 alone, up 50% from August 2021.

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ethereum eth mining crypto
Cryptopedia
Top 12 Ethereum Mining Platforms in 2022

Ethereum mining is highly profitable, and a miner’s success relies on the type of software being used.
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BitNile Reports Double-Digit Drop In Revenues In Q2
Bitcoin (BTC)
BitNile Reports Double-Digit Drop in Revenues in Q2

The company expects to see growth in Bitcoin mining business.
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Galaxy Digital sees a $554m loss in Q2
Crypto Market News
Galaxy Digital Reports Loss of $554.7m in Q2 Despite Increased Revenues from Mining

Company blames unrealized losses on digital assets for the underwhelming quarter.
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Regulations
Texas Halts Crypto Mining Operations Due to Extreme Heat

Texas state can not meet the energy demand, as the state faces extreme heat.

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Regulations
Brazilian Police Arrest Gang Using Crypto to Launder Illegal Gold Mining

The gang used their own crypto token to justify the movement of billions of dollars.
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Bitcoin (BTC)
Colombia’s New President: Country Can Use Natural Resources to Produce Bitcoin, Not Cocaine

Apart from attention to climate change, president-elect Gustavo Petro expressed approval for Bitcoin adoption.
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