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Georgia Town Binds Residents in Holy Oath Against Bitcoin Mining as Power Crisis Plagues Region
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Georgia Town Binds Residents in Holy Oath Against Bitcoin Mining as Power Crisis Plagues Region
Bitcoin Mining

Just-In: Georgia Binds Its Residents in Holy Oath Against Bitcoin Mining

Bitcoin mining consumes enormous amounts of electricity. As a result, Bitcoin miners have often caused power outages earning the wrath of the nations. The story has been oft-repeated first in China, Iran, Kazakhstan, and the latest in Georgia. Miners had swamped the Swaneti town, lured by cheap electricity. After COVID-19 impacted the tourism-driven economy of

Bitcoin mining consumes enormous amounts of electricity. As a result, Bitcoin miners have often caused power outages earning the wrath of the nations. The story has been oft-repeated first in China, Iran, Kazakhstan, and the latest in Georgia. Miners had swamped the Swaneti town, lured by cheap electricity. After COVID-19 impacted the tourism-driven economy of

Bitfarms
Bitcoin
Bitfarms
Bitcoin

Mining Giant Bitfarms Increase BTC Holdings to 4,300, now worth over $175 million

Bitcoin mining firm, Bitfarms Limited (BITF), bought 1000 Bitcoins in the first week of January. The purchase which cost $43.2 million brings the firm’s Bitcoin holdings to over 4300 Bitcoins. Bitfarms Limited aims to accumulate more Bitcoin According to a recent press release, a Canadian publicly traded Bitcoin mining company, the company added 1000 BTC

Bitcoin mining firm, Bitfarms Limited (BITF), bought 1000 Bitcoins in the first week of January. The purchase which cost $43.2 million brings the firm’s Bitcoin holdings to over 4300 Bitcoins. Bitfarms Limited aims to accumulate more Bitcoin According to a recent press release, a Canadian publicly traded Bitcoin mining company, the company added 1000 BTC

Norton 360 Under Fire For Bundling Crypto Miner Feature; Users Irked
Bitcoin Mining
Norton 360 Under Fire For Bundling Crypto Miner Feature; Users Irked
Bitcoin Mining

Norton 360 Under Fire For Bundling Crypto Miner Feature; Users Irked

Users are bashing Norton for introducing a crypto-miner feature, “Norton Crypto” in the Norton 360 software. The move has been seen as an attempt to trap the public into installing crypto software on their computers. The users are feeling betrayed, and many of them have uninstalled the software and canceling subscriptions. The Verge reports that Norton

Users are bashing Norton for introducing a crypto-miner feature, “Norton Crypto” in the Norton 360 software. The move has been seen as an attempt to trap the public into installing crypto software on their computers. The users are feeling betrayed, and many of them have uninstalled the software and canceling subscriptions. The Verge reports that Norton

BTC Coin
Bitcoin Mining
BTC Coin
Bitcoin Mining

Bitcoin Price Falls To A Three-Month Low As Cryptocurrencies Prolong Losses

Bitcoin price descends below the $41,000-mark last week. The fall is reported to be its lowest level since Sept. 29, 2021, according to the reports by Coin Metrics. Hawkish’s comments from the Federal Reserve this week enkindled a reimbursement in global stock markets which surged into cryptocurrencies. Kazakhstan – 2nd largest bitcoin mining hub in

Bitcoin price descends below the $41,000-mark last week. The fall is reported to be its lowest level since Sept. 29, 2021, according to the reports by Coin Metrics. Hawkish’s comments from the Federal Reserve this week enkindled a reimbursement in global stock markets which surged into cryptocurrencies. Kazakhstan – 2nd largest bitcoin mining hub in

China
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China
Bitcoin Mining

China’s Xiangtai food Co. buys 686 spot Bitcoin miners despite mining ban

Xiangtai Food Co., Ltd., a Nasdaq-listed Chinese food company has bought 686 spot Bitcoin miners that are worth US$6 million via its United States subsidiary called SonicHash LLC. While the mining operations would be continued in New York, the fact that the Chinese government has issued an all-out ban against crypto companies could brew some trouble

Xiangtai Food Co., Ltd., a Nasdaq-listed Chinese food company has bought 686 spot Bitcoin miners that are worth US$6 million via its United States subsidiary called SonicHash LLC. While the mining operations would be continued in New York, the fact that the Chinese government has issued an all-out ban against crypto companies could brew some trouble

Bitcoin Mayhem: Will The Turmoil In Kazakhstan Precipitate A Repeat Of The May 2021
Bitcoin Mining
Bitcoin Mayhem: Will The Turmoil In Kazakhstan Precipitate A Repeat Of The May 2021
Bitcoin Mining

Bitcoin Mayhem: Will the Turmoil in Kazakhstan Precipitate a Repeat of May 2021?

In May 2021, China enforced a massive crackdown on Bitcoin Mining in Xinjiang Uygur Autonomous Region, the Inner Mongolia Autonomous Region, and Qinghai province. All these locations were the hub of Bitcoin Mining with huge rigs mining Bitcoins. However, the environmental concerns and other political considerations provoked the Communist Government in China to come down

In May 2021, China enforced a massive crackdown on Bitcoin Mining in Xinjiang Uygur Autonomous Region, the Inner Mongolia Autonomous Region, and Qinghai province. All these locations were the hub of Bitcoin Mining with huge rigs mining Bitcoins. However, the environmental concerns and other political considerations provoked the Communist Government in China to come down

Bitcoin hashtags dips as Kazakh government shuts down internet
Bitcoin Mining
Bitcoin hashtags dips as Kazakh government shuts down internet
Bitcoin Mining

Kazakhstan Government Shuts Down Internet As Bitcoin Hashrate Dips By 13%

Following the political unrest in the country that saw the sitting cabinet resigning, the Kazakhstan government has now shut down the nation’s internet with immediate effect. And while there is no timeframe for how long the shutdown will last for, the Wednesday action has dealt a major blow to Bitcoin mining activities within the country.

Following the political unrest in the country that saw the sitting cabinet resigning, the Kazakhstan government has now shut down the nation’s internet with immediate effect. And while there is no timeframe for how long the shutdown will last for, the Wednesday action has dealt a major blow to Bitcoin mining activities within the country.

Bitcoin
Bitcoin

Kazakhstan’s Internet Shutdown Drops Bitcoin Hashrate by 12%, will it impact BTC price?

Bitcoin could see some price volatility in the near term resulting from civil unrest going on in Kazakhstan. Following prolonged protests in the Central Asian country, the president declared a shutdown of internet services that has so far resulted in a 12% drop in the hashrate of the Bitcoin network. Kazakhstan is notable as the

Bitcoin could see some price volatility in the near term resulting from civil unrest going on in Kazakhstan. Following prolonged protests in the Central Asian country, the president declared a shutdown of internet services that has so far resulted in a 12% drop in the hashrate of the Bitcoin network. Kazakhstan is notable as the

Kosovo to ban crypto mining indefinitely
Bitcoin Mining
Kosovo to ban crypto mining indefinitely
Bitcoin Mining

Kosovo To Ban Crypto Mining Amid Energy Crisis

In a quick response to the ongoing energy crisis in the region, the Republic of Kosovo has reportedly banned cryptocurrency mining, at least for now. Kosovo Bans Crypto Mining To Save Energy Situation According to a report by local media Gazeta Express, Kosovo’s Economy Minister, Artane Rizvanolli has decided to act on the recommendation of

In a quick response to the ongoing energy crisis in the region, the Republic of Kosovo has reportedly banned cryptocurrency mining, at least for now. Kosovo Bans Crypto Mining To Save Energy Situation According to a report by local media Gazeta Express, Kosovo’s Economy Minister, Artane Rizvanolli has decided to act on the recommendation of

Georgia Town Binds Residents in Holy Oath Against Bitcoin Mining as Power Crisis Plagues Region
Bitcoin Mining
Georgia Town Binds Residents in Holy Oath Against Bitcoin Mining as Power Crisis Plagues Region
Bitcoin Mining

Crypto Mining Surges In Thailand As Investors Maximize China Ban

Following China’s crypto ban, crypto investors in Thailand quickly seized the opportunity to buy cheap mining rigs that Chinese miners who have run out of business, have passed up. And this, in turn, has led to a surge in crypto mining activities in Thailand, per Al Jazeera reports. Crypto Investors In Thailand Take Advantage of

Following China’s crypto ban, crypto investors in Thailand quickly seized the opportunity to buy cheap mining rigs that Chinese miners who have run out of business, have passed up. And this, in turn, has led to a surge in crypto mining activities in Thailand, per Al Jazeera reports. Crypto Investors In Thailand Take Advantage of

Power Outages Force Crypto Miners To Leave Kazakhstan
Bitcoin Mining
Power Outages Force Crypto Miners To Leave Kazakhstan
Bitcoin Mining

Power Outages Force Crypto Miners To Leave Kazakhstan

Mining Cryptocurrency is an energy-intensive process, and there is massive consumption of energy. The cheap coal-based electricity in Northern China has led to a crypto mining boom. Post Crackdown in China, most mining hubs have relocated to other countries. However, with China turning to eco-friendly energy sources, power has become costlier. Further, an extensive crackdown

Mining Cryptocurrency is an energy-intensive process, and there is massive consumption of energy. The cheap coal-based electricity in Northern China has led to a crypto mining boom. Post Crackdown in China, most mining hubs have relocated to other countries. However, with China turning to eco-friendly energy sources, power has become costlier. Further, an extensive crackdown

Marathon Digital to purchase record-breaking number of Antminers
Bitcoin Mining
Marathon Digital to purchase record-breaking number of Antminers
Bitcoin Mining

Marathon Digital To Purchase Record-breaking Amount of Bitcoin Miners As MARA Shares Goes 12% Up

According to an announcement made by Las Vegas-based firm Marathon Digital on Thursday, the firm may have just revealed its plans to purchase the largest ever single order of Antminer S19 XP Bitcoin miners from Bitmain. Although the Nasdaq-traded MARA did not include the exact amount of Antminer it will be purchasing, but in terms

According to an announcement made by Las Vegas-based firm Marathon Digital on Thursday, the firm may have just revealed its plans to purchase the largest ever single order of Antminer S19 XP Bitcoin miners from Bitmain. Although the Nasdaq-traded MARA did not include the exact amount of Antminer it will be purchasing, but in terms

Titan, the mining arm of Bloq Inc. firm, has announced 'Lumerin', its decentralized hashpower routing protocol.
Bitcoin Mining
Titan, the mining arm of Bloq Inc. firm, has announced 'Lumerin', its decentralized hashpower routing protocol.
Bitcoin Mining

Here’s Why Texas is Expected to Become Biggest Bitcoin (BTC) Mining Hub

China’s crypto crackdown policies starting in May this year saw it lose the biggest mining hub status within two months. At the start of May, China’s share in the Bitcoin (BTC) mining network was over 60%, but with strict regulatory policy and a total ban on BTC mining saw that share fall to near zero

China’s crypto crackdown policies starting in May this year saw it lose the biggest mining hub status within two months. At the start of May, China’s share in the Bitcoin (BTC) mining network was over 60%, but with strict regulatory policy and a total ban on BTC mining saw that share fall to near zero

Kazakhstan
Bitcoin Mining
Kazakhstan
Bitcoin Mining

Kazakhstan Aims to One Up El Salvador In Clean Bitcoin (BTC) Mining, Here’s the Plan

El Salvador has become a benchmark for other nations on how to integrate Bitcoin (BTC) and use it for the progress of society. The small Central American nation adopted BTC as a legal tender in September this year and soon announced a clean Bitcoin mining facility powered by volcanic energy. The country mined its first

El Salvador has become a benchmark for other nations on how to integrate Bitcoin (BTC) and use it for the progress of society. The small Central American nation adopted BTC as a legal tender in September this year and soon announced a clean Bitcoin mining facility powered by volcanic energy. The country mined its first

U.K based crypto mining firm Argo Blockchain is set to build an 800-megawatt capacity data center in West Texas
Bitcoin Mining
U.K based crypto mining firm Argo Blockchain is set to build an 800-megawatt capacity data center in West Texas
Bitcoin Mining

Argo Blockchain To Spend Nearly $2 Billion On Building Texas Mining Facility

U.K based crypto mining firm Argo Blockchain is set to build an 800-megawatt capacity data center in West Texas in a move that could see the firm spending anywhere between $1.5 billion to $2 billion. Argo Blockchain Estimates Cost of About $2 Billion For Texas Mining Facility According to a regulatory filing by Argo Block

U.K based crypto mining firm Argo Blockchain is set to build an 800-megawatt capacity data center in West Texas in a move that could see the firm spending anywhere between $1.5 billion to $2 billion. Argo Blockchain Estimates Cost of About $2 Billion For Texas Mining Facility According to a regulatory filing by Argo Block

Titan, the mining arm of Bloq Inc. firm, has announced 'Lumerin', its decentralized hashpower routing protocol.
Bitcoin Mining
Titan, the mining arm of Bloq Inc. firm, has announced 'Lumerin', its decentralized hashpower routing protocol.
Bitcoin Mining

Titan Mining Firm Launches Open-source Project Lumerin, Set to Commodify Bitcoin’s Hashpower

Titan, a bitcoin mining firm has revealed a new decentralized hashpower routing protocol called Lumerin. The open-source project will essentially be aiming to make bitcoin’s hashpower a tradable commodity through smart contracts. Mining Arm of Bloq Inc.,Titan Announces the Lumerin Protocol Titan, the mining arm of Bloq Inc. firm, has announced ‘Lumerin’, its decentralized hashpower

Titan, a bitcoin mining firm has revealed a new decentralized hashpower routing protocol called Lumerin. The open-source project will essentially be aiming to make bitcoin’s hashpower a tradable commodity through smart contracts. Mining Arm of Bloq Inc.,Titan Announces the Lumerin Protocol Titan, the mining arm of Bloq Inc. firm, has announced ‘Lumerin’, its decentralized hashpower

china police
Bitcoin Mining
china police
Bitcoin Mining

Crypto Ban: China to Investigate Government Executive’s Illegitimate Crypto Mining

The Central Bank of China earlier this month issued a new set of crypto crackdown guidelines which is being seen as the most comprehensive one to date. The draft law deemed all crypto-related transactions illegal, ordered authorities to crackdown and remove small and medium mining operations being carried on in homes and rural provinces, and

The Central Bank of China earlier this month issued a new set of crypto crackdown guidelines which is being seen as the most comprehensive one to date. The draft law deemed all crypto-related transactions illegal, ordered authorities to crackdown and remove small and medium mining operations being carried on in homes and rural provinces, and

Bitcoin-mining-selling
Bitcoin Mining
Bitcoin-mining-selling
Bitcoin Mining

Breaking: United States Overtakes China to Become the Leading Bitcoin Mining Hub

The United States (US) has officially broken China’s monopoly on the Bitcoin mining market and become the leading BTC mining hub. China has dominated BTC mining for the majority of the past decade and accounted for more than 70% of Bitcoin mining. However, recent crypto crackdowns in the country especially in May and June led

The United States (US) has officially broken China’s monopoly on the Bitcoin mining market and become the leading BTC mining hub. China has dominated BTC mining for the majority of the past decade and accounted for more than 70% of Bitcoin mining. However, recent crypto crackdowns in the country especially in May and June led

Bitcoin Mining
Bitcoin Mining

Can Bitcoin Save the Planet? This Lawmaker Highlights How BTC’s Mining Narratives Can Change

There has been a lot of criticism about Bitcoin (BTC), and the process of generating new coins through mining, which governments and even industry veterans claim are energy-intensive. The current view on the high energy demands of BTC has pushed China to crack down on mining activities by sending out all miners in the country.

There has been a lot of criticism about Bitcoin (BTC), and the process of generating new coins through mining, which governments and even industry veterans claim are energy-intensive. The current view on the high energy demands of BTC has pushed China to crack down on mining activities by sending out all miners in the country.

China
Bitcoin Mining
China
Bitcoin Mining

China Crypto Crackdown: Inner Mongolia authorities seize over 10K crypto mining rigs

The latest reports from the Inner Mongolia Autonomous Region Bayannaoer City Development and Reform Commission along with other authorities revealed that they have captured 10,100 unregistered mining machines. Furthermore, the authorities announced that Inner Mongolia has also shut down 45 virtual currency mining projects so far, which has theoretically saved 6.58 billion kilowatt-hours of electricity

The latest reports from the Inner Mongolia Autonomous Region Bayannaoer City Development and Reform Commission along with other authorities revealed that they have captured 10,100 unregistered mining machines. Furthermore, the authorities announced that Inner Mongolia has also shut down 45 virtual currency mining projects so far, which has theoretically saved 6.58 billion kilowatt-hours of electricity