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 attending Bitcoin 2022 conference in Miami
Minerset is excited to announce it will be attending the Bitcoin 2022 conference taking place in Miami from April 6th till April 9th. Minerset, together with Blockfusion, will have a 3 booths at the event number 571, 572 and 573 (located in front of the Moonpay lounge). Want to visit our booth? Plan in an […]
European Parliament votes against bitcoin mining ban
The parliament’s economic and monetary affairs committee voted 30-23 to keep a provision out of the proposed Markets in Crypto Assets (MiCA) framework that required all cryptocurrencies to be subject to the EU’s “minimum environmental sustainability standards with respect to their consensus mechanism.” While rejecting the provision, the committee agreed to ask the EC to […]
Bitcoin ATMS in the UK are illegal, FCA said.
“Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations,” the regulator wrote. As The Telegraph reports, there are around 81 functional crypto ATMs in Britain (FCA) has warned operators of cryptocurrency ATMs in the UK to shut down their machines or else face enforcement action. In its announcement, the […]