Bitcoin Mining

Iranian companies can now pay for imports with officially mined cryptocurrencies.

Iranian firms can now pay for imports with cryptocurrencies, but only if it's mined in the country by authorized crypto miners. In its latest announcement, the Central Bank of Iran revealed a new regulatory framework that allows forex companies...

Bitmain is launching a new mining model on the Ethereum network.

Beijing-based crypto mining hardware manufacturer Bitmain announced on Friday that its AntMiner E9 is coming soon, which will be an application-specific integrated circuit (ASIC) miner that runs on the Ethash algorithm. This move comes amid surging mining revenues on Ethereum, which...

Bitcoin mining revenues soar after BTC posts massive gains.

According to the latest data published by crypto analytics and on-chain market analysis firm, Glassnode, Bitcoin miners have been making approximately $50 million daily on average for the last 30 days. The Glassnode report further mentioned that in 2020 Bitcoin mining...

Ripple CEO clarifies his remarks about bitcoin energy consumption and rejects FUD accusation.

Earlier, Ripple CEO Brad Garlinghouse, in an interview with CNBC, had said that one transaction is equivalent to about 75 gallons of gasoline being burned while pointing to its supposed negative environmental impact. He also stated that the XRP...

Abkhazian government plans to criminalize crypto mining.

According to a report published by E Daily, the Abkhazian government revealed that it's due to present a proposal to fine crypto miners and file criminal charges against them. The plan is to set fines up to $8,000, which is a...

Demand for bitcoin mining machines rises amid bitcoin’s massive rally.

Bitcoin mining companies in China ramped up efforts to meet the rising demand from overseas, mainly from North America and Asia. The crypto-currency price skyrocketed, partially due to the world uncertainty over the US government's monetary easing and the...

Bitfarms hints at massive expansion as it purchased 48,000 new ASIC miners from MicroBT

Canadian block reward mining operators Bitfarms Ltd. has confirmed its latest purchase of 48,000 new ASIC miners from MicroBT. Once operational, they expect the new miners to increase their hashing capacity by approximately 5.0 EH. According to the press...

Kentucky senator wants green incentives to include crypto mining firms.

Kentucky senator Brandon Smith has said that incentives aimed at clean energy facilities should be extended to cover eligible block reward mining firms in a move that could help improve the environmental impact of digital currency mining. The senator...

China’s Inner Mongolia looks to shut crypto mining farms.

The government of China's Inner Mongolia region is seeking public feedback on a regulation proposal that plans to shut down all crypto mining farms in the area. The Inner Mongolia Development and Reformation Commission (DRC) published a proposal last week on...

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Vietnamese Ministry of Finance is looking to regulate cryptocurrencies.

Vietnam is looking to regulate the crypto industry as the government recently commissioned a research group for the purpose....