Tag: Mining
Belarusian government Investigates potential Transfer into crypto mining
Belarus is analyzing the cryptocurrency sector for a possible move into mining electronic coins such as Bitcoin (BTC).Minister Viktor Karankevich explained that the crypto mining market is rapidly growing all around the world in...
Bitcoin Mining Bans Could Increase Carbon Footprints
A recent study conducted by researchers from the non-profit organization Exponential Science and University College London suggests that Bitcoin mining bans could have unintended consequences on carbon emissions. The researchers found that blanket bans...
Core Scientific’s Stock Jumps 18% with $2 Billion CoreWeave Deal
Core Scientific, a Bitcoin mining company, recently announced a significant deal with CoreWeave that will see an expansion of its high-performance computing (HPC) infrastructure. This agreement will allow CoreWeave to finance modifications to Core...
Bitfarms Reports 21% Increase in Bitcoin Production Amid Upgrades and Takeover Drama
Bitfarms, a Bitcoin miner, has reported a 21% increase in Bitcoin production for the month of June. This increase follows an overall capacity upgrade by the company. In June, Bitfarms produced 189 BTC, up...
Marathon Digital Mines Kaspa (KAS) Cryptocurrency – CoinJournal
Marathon Digital, a Bitcoin mining firm, has recently announced that it has started mining Kaspa (KAS), a layer-1 proof-of-work (PoW) coin. The company revealed that it has already mined 93 million KAS tokens, valued...
Bitcoin Miners Profit from BTC Rally as Crypto Exchange Transfers Surge
Bitcoin miners have been taking advantage of the recent rally in BTC prices, with a significant amount of BTC transfers from mining pools to exchanges totaling $209 million. This surge in transfers coincided with...
Biden’s Proposed 30% Tax Threatens U.S. Bitcoin Mining
The recent proposal by the Biden administration to impose a 30% tax on cryptocurrency miners has sparked concerns and backlash within the industry. Many believe that this move represents an ideological attack on a...