Mining

CoinFlash

Venezuela Legalizes Crypto Mining but Will Force Industry Into National Pool

The Venezuelan agency responsible for regulating cryptos has legalized the mining industry, but in the process mandated it be centralized under government control.

Policy & regulation  ·  23 September 2020
CoinFlash

Bitcoin Miner Bitfarms Leases 2,000 Rigs From BlockFills, Has Option for Up to 7,000 More

Bitfarms boost its mining power by 360 PH with the new lease, set to run for 24 months.

Markets  ·  21 September 2020
CoinFlash

Three Iranian Power Plants Plan to Sell Electricity to Crypto Miners

Three Iranian power plants with enough output to supply half of New York City will begin selling some surplus power to crypto miners.

News  ·  21 September 2020
CoinFlash

Ethereum Smashes Records as DeFi Hype Sends Transactions and Miner Revenue Soaring

Miners may be the real winners from DeFi as a surge in Ethereum activity sees them earn a record $16 million in a day.

Business  ·  18 September 2020
CoinFlash

Ex-Employee at Australian Science Agency Avoids Prison After Mining Crypto on Supercomputers

A former contractor for Australian science agency CSIRO was found to have mined around $7,000 in cryptocurrency.

Policy & regulation  ·  18 September 2020
Mining

Iran May Fund Car Imports With Cryptocurrency Mining

An Iranian free trade zone is proposing locally mined cryptocurrency might be a way to fund car imports.

Policy & regulation  ·  14 September 2020
CoinFlash

Argo’s H1 Revenue Soars but Profits Drop as Bitcoin’s Halving Boosts Mining Costs

Argo Blockchain has reported a near quadrupling in revenue even as capital depreciation led pre-tax profits to slide by 45%.

News  ·  9 September 2020
Cryptocurrency

Russia’s Latest Draft Bill Would Still Largely Ban Crypto, Stifle Miners

Russia's Ministry of Finance wants to ban any cryptocurrency payments, which could be bad news for the country's mining farms.

Policy & regulation  ·  3 September 2020
Russia

Russia’s Crypto Mining Farms Would Have to Report to Government Under Proposed Bill

Russian wants all data centers, including mining farms, to report what they do and how they operate. Local experts say that brings risk.

Policy & regulation  ·  31 August 2020
CoinFlash

DCG to Invest $100M in Bitcoin Mining Venture

Blockchain investment firm Digital Currency Group has branched into the bitcoin mining industry though a subsidiary called Foundry.

Business  ·  27 August 2020
CoinFlash

Bitcoin Mining Facility With Room for 50,000 Rigs Set to Launch in Kazakhstan

The 180-megawatt facility that will be able to host 50,000 bitcoin mining rigs is set to launch sometime in early September.

News  ·  21 August 2020
CoinFlash

Nvidia Accused of Trying to Discredit Ex-Employee in Crypto Mining Revenue Trial

Investors suing Nvidia have opposed a motion from the U.S. chipmaker that would shut out the testimony from an ex-employee.

News  ·  17 August 2020
CoinFlash

Marathon Signs New $23M Contract With Bitmain for 10,500 Bitcoin Mining Rigs

The $23 million purchase will see Marathon's bitcoin mining capacity increase drastically, turning it into one of the largest miners in North America.

News  ·  14 August 2020
CoinFlash

Daily Profitability for Ethereum Miners Hits Over 2-Year High

The surge in profitability comes after rises in transaction fees and prices of the ether cryptocurrency.

Tech  ·  13 August 2020
Mining

Zcash Latest Hard Fork ‘Heartwood’ Makes Mining Private

Privacy coin zcash has successfully hard forked at block height 903,000 in a planned network update known as “Heartwood.”

Tech  ·  16 July 2020