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mining News and Articles



Hive new mining equipment

Hive Blockchain Buys 6400 Mining Machines from Cannan

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Open-source cryptocurrency mining firm HIVE purchased 6,400 BTC mining devices from venture capital firm Canaan. Using the instruments will allow Hive's full hashing power to reach 1,229 PH/s (quadrillion 'peta' hashes per second). Last year the firm brought only 3500 such machines. The first...

Mining

Iranian authorities confiscate another batch of miners

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Iranian law enforcement agencies have confiscated another batch of underground mining equipment. According to the local news agency Tasmin, this illegal mining farm stole electricity from the state-owned company Tavanir. In the Islamic Republic, power engineers, together with law enforcement...

BTC mining new high

Bitcoin Miner Profits Reaching a New High

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BTC miner profits measured by terahash in a second (TH/s) has surged to a new high. TH (tera, 1 trillion) is one of the Bitcoin hash rate units. And hashrate is a scale of the computational power per second used during mining. Simply putting, it is the speed of the mining process. The latest...

Mining

Clandestine mining explodes in Eastern Europe

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In 2020, the scale of underground mining increased sharply against the background of the rise in prices for bitcoin and other cryptocurrencies. In the post-Soviet space, Russia, Abkhazia, and Ukraine are leading in terms of the number of discovered mining farms illegally connected to power grids....

Mining

Miners have sharply increased the sale of bitcoins

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The volume of cryptocurrency traded by bitcoin miners has grown to its highest level since the beginning of 2018. Their report says that miners are now selling about the same amount of BTC coins that they were able to sell in January 2018. Recall that 2018 went down in history as one of the most...

Binance pool 13.11.2020

Binance Pool Offers Free Eth Mining for 1st Month

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Crypto exchange Binance has launched a new Ethereum mining pool with only 0.5% pool fees. Users can mine ETH with 0 fees for the first month. The pool practices the full pay-per-share way for reward payouts, distributing both block bonuses and trading fees to pool participants. After the first...

WhatsMiner

HIVE doubles mining volume with new WhatsMiner M30S Devices

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HIVE Blockchain, listed on the Toronto Stock Exchange, acquired and immediately installed 1,240 WhatsMiner M30S miners. That was reported in a press release. Representatives of HIVE Blockchain emphasized that this is the largest batch of new equipment in the history of the company. Thanks to...

Mining

Bitcoin mining profitability rises to six-month high

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The rise in the price of bitcoin has led to an increase in miners' income. By the end of October, they earned $ 353 million (+ 8%), as previously reported by CoinMetrics analysts. Miners' income has returned to the levels observed in the run-up to the so-called May halving (reduction in the reward...

Mining

The income of Bitcoin miners increased by 8% in October

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By the end of October, bitcoin miners earned $ 353 million. Compared to September 2020, their revenues increased by about 8%, according to the data of the CoinMetrics team. Analysts attribute the growth in the profitability of bitcoin mining to the rise in the price of the largest digital currency....

Filicoin facing difficulties

Filecoin Miner Strike Faces Difficulties

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Recently launched Filecoin project is facing difficulties as miners use a token model for collective plugs, which isn't economically practicable. The long-waited Filecoin data storage project launched last week after 3-year since $250 M presale and ICO. A huge amount of Chinese FOMO advanced token...

Mining

Illegal miners charged with $1.5M in electricity theft

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Bulgarian law enforcement authorities arrested two men who secretly plugged mining equipment into the power grid. According to local media outlets, the hidden miners were charged with stealing electricity worth $ 1.5 million. The operation to arrest them was carried out in the small Bulgarian town...

Iran

Iranian authorities allowed power plants to mine

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Iranian power plants will be able to mine cryptocurrency, but in this case, they will be left without government subsidies. That was reported by the IRNA news agency earlier this week. It refers to a statement by Mostafa Rajabi Meshadi, deputy head of the Tavanir electricity distribution company....

China mining Ethereum

A shortage of graphics cards: Chinese can't mine Ethereum

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Against the background of the rise in the price of Ethereum to $330, Chinese miners became interested in mining the second-largest cryptocurrency in terms of capitalization. However, their plans were in jeopardy due to a shortage of video cards and an increase in their cost, writes 8btc. As a local...

Venezuela

Venezuela banned mining of crypto in government apartments

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Venezuelans living in government apartments will not be able to mine. The head of the Ministry of Environment and Construction of Venezuela Ildemaro Villarroel told about the corresponding ban on the mining of cryptocurrency. He stressed that those citizens of the country who live in areas where...

Mining energy consumption

Bitcoin miners began to consume more electricity

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The energy consumption of BTC miners resumed growth after falling against the backdrop of a halving. This is evidenced by the Digiconomist service. Two weeks after halving, this indicator dropped by 24%, from 77.78 TW·h/year to 57.9 TW·h/year. At the moment, it is 61.44...

Ebang IPO

Ebang raised $101 million through an IPO

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Chinese miner manufacturer Ebang International Holdings raised $101 million through an IPO, according to the Nasdaq website. Priced at $685 million, the company issued 19.3 million shares at a price of $5.23. This is 59,000 less than planned. Initially, the manufacturer of ASIC miners expected to...

Grayscale Bitcoin

Grayscale added 19,879 BTC to its Bitcoin Trust

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Over the past week, Grayscale investment firm acquired 19,879 BTC ($183.3 million), bringing the total amount of bitcoins under management to almost 400,000 BTC ($3.69 billion). This was announced by well-known analyst Kevin Rooke. Unbelievable.Grayscale added 19,879 BTC to their Bitcoin Trust...

canaasn shares lows

Shares of mining giant Canaan hit historic lows

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Shares of the mining giant Canaan on the Nasdaq exchange have updated their historical low, closing below $2 on Monday, June 15th. This is evidenced by Yahoo Finance. On this day, the stock fell to $1.98, losing 3.9% during the trading session. Thus, since November last year, Canaan quotes fell 78%...

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