Crypto Mining Crackdown in Inner Mongolia Reports from China-centric crypto news outlet ChainNews have suggested that Inner Mongolia, an autonomous region of China, is looking to curb Bitcoin mining and similar industries in the region. The article spotted by Dovey Wan, a prominent venture capitalist based in China, states that...
The bitcoin mining industry in Texas remains undeterred amid growing concerns over the industry's rising power consumption. Power consumed by bitcoin miners went up 75% last year.
Summary: Tether plans to tap into Uruguay’s renewable energy ecosystem and mine Bitcoin (BTC), crypto’s largest token by market cap. The digital payment company is looking to diversify its operations after solidifying USDT’s position as the top stablecoin with an 83 billion token supply. Tether recently started buying Bitcoin with...
Chinese ASIC manufacturer Canaan Creative has allegedly filed for a confidential IPO in the United States. According to Asian financial news site IFR Asia on Wednesday, the company is pursuing $200 million USD by way of the public listing. A previous report by Bloomberg in January rumoured a Canaan IPO...
In brief: Earth Day was celebrated on the 22nd of April. Global pollution levels have dropped drastically due to lockdowns to curb the spread of COVID19. The team at Ripple highlighted the efficiency of XRP. Yesterday, April 22nd, was the 50th Earth Day celebration. Previous events have been celebrated by...
Interview with Alex Karasulu, chief executive and founder of OptDyn, the company behind the Subutai Blockchain Router and Subutai PeerOS Alex has a 25-year background in the open source software community and is renowned for his original authorship of the Apache Directory Server, used by IBM for its Rational Directory...
Despite recent concerns voiced by the International Energy Agency (IEA), the energy consumption of Bitcoin mining has hit another milestone. According to network status information from BTC.com, the average Bitcoin hashrate in the last two weeks has reached 71.43 EH/s (Exahash per second), a 10.8% increase from July 23rd’s hashrate...
Despite delays experienced in the manufacturing process, Chinese ASIC manufacturer startup Linzhi is ready to produce the first batch of its new Ethereum miners, compatible with both ETH and ETC. The Shenzhen-based company was founded in February of 2018 by former Canaan Creative chip design head, Chen Min. Part of...
The Russian Federal Customs Service is investigating a case of underpayment of customs fees that are charged for importing Bitcoin mining hardware equipment. According to Coindesk, the Far-East Trading and Industrial Company (DTPK) might be owing around $1.2 million in customs fees for importing 6,012 Bitmain ASIC miners. The search...
Foundry, the Bitcoin mining firm owned by the Digital Currency Group (DCG), has informed its clients that it will stop offering free services to its clients starting April 19, 2023.
Crypto Miners Wiped Out in Chinese Flood While Bitcoin is a digital technology, natural disasters still affect this nascent ecosystem. Poolin, a prominent cryptocurrency mining pool, recently posted an image on Twitter of a flood “DEVASTATING” a mining farm in the Sichuan region of China. Red Li, the co-founder of...
