Browsing: Mining

tax-revenue-from-cryptocurrency-mining-modest-but-growing-in-kyrgyzstan

Kyrgyzstan’s untapped hydroelectric capacity could make it a future mining powerhouse, but its progress has been slow. The government of Kyrgyzstan collected 78.6 million soms (almost $883,000) in taxes from cryptocurrency miners in the first 11 months of 2023, according to local press reports citing the Finance Ministry. That was a dramatic rise over last

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bitcoin-network-hits-75%-progress-towards-next-reward-halving

At 11:06 a.m. Eastern Time (ET) on April 29, 2023, at block height 787,500, the number of blocks left to discover until the next Bitcoin blockchain halving is now fewer than 52,500 blocks. This means the network has progressed 75% through the 210,000-block halving cycle, which will ultimately result in a reduction of the block

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public-miners-increased-bitcoin-production,-hash-rate-in-january

Core Scientific, Riot, and CleanSpark led the way in increasing Bitcoin production in January helped by better weather conditions and stable electricity prices. The first production update of 2023 from publicly listed Bitcoin (BTC) mining companies shows a steady increase in hash rate and a surge in BTC production compared to the previous month, according

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bitcoin-mining-pool-btc.com-reports-$3m-cyberattack

BTC.com, the seventh-largest Bitcoin mining pool, said that its client fund services are unaffected by the recent $3 million cyberattack. Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of funds by the company and its customers.BTC.com experienced a cyberattack on Dec. 3, with attackers stealing around $700,000 in client

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record-hash-rates-may-see-big-oil-become-a-major-btc-mining-player

Big Oil’s influence over the Bitcoin network is growing stronger due to surging hash rates and distressed mining companies. Surging Bitcoin (BTC) network hash rates are causing problems for mining companies but might be rolling out the red carpet for energy giants.The Bitcoin hash rate, the amount of computing power given to the blockchain through

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3-charts-showing-this-bitcoin-price-drop-is-unlike-summer-2021

Bitcoin looks like a different planet this year, according to several popular on-chain metrics. Bitcoin (BTC) bear markets come in many shapes and sizes, but this one has given many reason to panic.BTC has been described as facing “a bear of historic proportions” in 2022, but just one year ago, a similar feeling of doom…

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bitcoin-daily-mining-revenue-slumped-in-may-to-eleven-month-low

Bitcoin miners have had a tough month, with revenue and profitability tanking in May. Hash rates remain high, however. Bitcoin (BTC) mining revenue and profitability have continued to slide along with the asset’s price this year as the crypto winter deepens.May has been one of the worst months for Bitcoin miners in the past year…

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how-bitcoin-fixes-the-impact-of-illegal-gold-mining-in-the-amazon

Illegal gold miners will cease their operations when gold is no longer as valued as bitcoin, solving the destruction of ecosystems in the Amazon.Puerto Maldonado in Peru’s Madre de Dios province feels like a frontier town. Dusty streets, ramshackle buildings, new construction and the hustle and bustle of people who want to make it. Tourists…

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