Uzbekistan has legalized crypto mining
Uzbekistan has legalized crypto mining. The NAPP mentioned to the country miners that only those companies would be legally allowed to mine the currency that uses solar energy to mine bitcoin or any other cryptocurrency. “Mining is being carried out only by the legal entity with the use of electric energy, provided by a solar […]
Electricity used to mine bitcoin down by third since 11 June
The amount of electricity consumed by the largest cryptocurrency networks has decreased by up to 50% as the “crypto winter” continues to eat at the incomes of “miners” and financial contagion spreads further throughout the sector. The electricity consumption of the bitcoin network has fallen by a third from its high of 11 June, down […]
Iran to shut down crypto mining farms as electricity consumption in the country is reaching record highs
Legal Crypto Miners in Iran to Halt Operations Again Due to Electricity Shortages. Authorized crypto mining enterprises in Iran will have to unplug their power-hungry coin minting equipment from the beginning of Tir, the next month in the Iranian calendar, or Wednesday, June 22. In 2019, the Government approved the crypto mines to function in […]
NYC Mayor Wants to Veto State’s Bitcoin Mining Ban
Eric Adams wants Governor Kathy Hochul to veto a recent bill passed by the New York State senate to cap PoW mining at its current level. For Adams, cryptocurrency is an undeniable part of the state’s economy thanks to the “billions of dollars that are spent on cryptocurrency.” He added that, “We can’t continue to […]
Network’s Mining Difficulty Is Expected to Drop by 0.51%
This Week’s Bitcoin Mining Difficulty Change Is Expected to Drop Lower Currently, at 235 exahash per second (EH/s), the network is expected to see a DAA reduction of 0.51% from today’s metric. f the expected 0.51% drop comes to fruition, the difficulty will be 29.75 trillion for two weeks following the DAA change. Bitcoin’s hashrate […]
Investors continue to flow in despite Bitcoin’s drop in value
Bitcoin price is showing signs of a reach for the range’s upper limit as it bounces off a crucial support level. This development, from a short-term outlook, holds promise as BTC could retest the aforementioned level. The monthly return for Bitcoin in April was -17.3% and so far, May has been brutal as well with the current […]
China re-emerges as Leading Bitcoin Mining Hub
China outlawed Bitcoin mining last May. Exactly a year later, the country has re-emerged as the leading venue for mining operations. A new study revealed underground mining activity in the country had catapulted it to second place globally in terms of installed mining capacity. New mining map data, spanning the period from September 2021 to January 2022, […]
Minerset Bitcoin 2022 Miami conference recap
What a week! Last week Minerset attended the Bitcoin 2022 conference in Miami, the third edition of world’s biggest crypto conference in the world. Highlights from last week were not only related to the event, as many of you have already seen on our social media, we made a special announcement before the event regarding […]
New bitcoin mine in texas to be powered by Tesla solar- and battery technology
Tesla’s 3.8 megawatt solar PV array and 12 megawatt-hour Megapack will power a new bitcoin mining facility in Texas, together with Jack Dorsey and Blockstream Blockstream co-founder and CEO Adam Back, a British cryptographer and a member of the “cypherpunk” crew, told CNBC on the sidelines of the Bitcoin 2022 conference in Miami that the mining facility is […]
Minerset announces Minerset Farms LLC and its new 200 Megawatt crypto mining facility in South Carolina, USA
Known as a leader in cryptocurrency-mining hardware sales and logistics, Minerset has generated revenues of more than $300 million in distributing 120,000-plus crypto-mining devices to more than 200 investors worldwide. As a strong supporter and heavy investor in a cryptocurrency-mining ecosystem, Minerset is excited to announce that it has started construction of a mining facility […]
