Mining

Bitcoin (BTC) mining difficulty could revert to levels not seen since August – with a forecasted drop in difficulty of almost 15% on the cards, similarly to what BTC miners experienced after a market crash in March. Per BTC.com, a major…
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Blockchain infrastructure company Bitfarms said it has signed a beneficial mining deal in South America, with a lower power cost that they said ‘revives’ older mining machines and cuts the electricity costs in half. Bitfarms, which…
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In a time of global crisis, a pandemic, and a generally unstable political and social environment, cryptocurrencies have shown remarkable stability. Moreover, the pandemic-induced economic downturn played into the hands of the industry by…
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Bitcoin mining rigs have struggled to maintain profitability as BTC reached a new all-time high (ATH) hash rate earlier in the week. According to data compiled by BitInfoCharts, bitcoin’s hash rate reached a new ATH on October 14 at 156…
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BitCluster, a cryptocurrency mining company in Russia, is setting up shop where few dare to wander. A new mining farm above the Arctic Circle, in the industrial area of Norilsk in the Taymyr Peninsula, will provide 11.2 megawatts of power…
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Cryptomining is becoming an ever-greater risk to small and medium businesses (SMBs) in Southeast Asia, according to new research from Kaspersky. The global cybersecurity firm revealed that it had blocked in excess of 1.7 million mining…
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Following a month of rising Bitcoin (BTC) mining difficulty, the first adjustment in September saw the difficulty drop – though it still remains at the second-highest level in the network’s history. Bitcoin mining difficulty, or the…
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Iran’s Power Generation, Distribution and Transmission Company (Tavanir) has reportedly shut down 1,100 unlicensed cryptocurrency mining farms in the country after being tipped off by whistleblowers. According to a report by the…
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Bitcoin (BTC) mining may rise to become the most difficult it’s ever been in five days from now. Meanwhile, miners continue spending. If the BTC.com estimates come true, bitcoin mining difficulty, or the measure of how hard it is…
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Canadian bitcoin miner Hut 8 announced its Q2 2020 earnings Thursday, reporting a sharp drop in revenue. However, the rising value of the firm’s bitcoin holdings helped Hut 8 finish the quarter in the black. The publicly traded…
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