by COINS NEWS - 3 years ago

Bitcoin mining difficulty declines by 16% as hashrate drop precedes China's crackdown note

Bitcoin's mining difficulty saw a notable decrease around Sunday midnight UTC time as the network's hash rate has dropped significantly even before China's bitcoin mining crackdown comment. On-chain data shows the network's mining dif...

More / Bitcoin Reddit - 3 years ago

Oh look the only mining pool not signaling taproot is MARA Pool, if you own stock in $MARA please sell it, they are not keeping up with the times and are a overall piece of shit company.

$MARA is the worst bitcoin company in the space. Sell all your shares if you own any. They also exclude certain transactions from thier mining blocks lowering their revenues and screwing over sharesholders. This company is straight up trash. s...

More / Bitcoin Reddit - 3 years ago

Tell your mining pools to stop building on top of Marathon blocks. Bootlickers like them are not welcome. The faster we bankrupt Marathon, and signal to others that we do not support authoritarianism, the better.

submitted by /u/Bitcoin_is_plan_A [link] [comments]

by COINS NEWS - 3 years ago

Bitcoin mining difficulty declines by 16% after China's crackdown

submitted by /u/ffenix1 [link] [comments]

More / Bitcoin Reddit - 3 years ago

PSA: Mining Difficulty DROPPING 16% in a few hours. Good time to move coin and open Lightning Network channels

submitted by /u/eyeoft [link] [comments]

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Ignore the headlines — Bitcoin mining is already greener than you think

ESG-led Bitcoin mining is not only possible, but it’s ultimately the most responsible and prosperous way to show leadership in this growing industry. Is it possible to...

by COINS NEWS - 3 years ago

Bitcoin farm in Montana to use solar energy for mining

submitted by /u/username_takne [link] [comments]

More / Bitcoin Reddit - 3 years ago

Nashville Couple Sues IRS, Claim Bitcoin Mining & Staking Not Taxable????

submitted by /u/cryptogik [link] [comments]

More / Bitcoin Reddit - 3 years ago

Leeked image from inside the bitcoin mining council (Meme)

​ https://preview.redd.it/rna45hyg1w171.png?width=480&format=png&auto=webp&s=23249da8c7f49ab89157c706dcc0f32dcde4623a submitted by /u/Cronic_Zombie [link] [comments]

by COINS NEWS - 3 years ago

Bitcoin mining farm (Bitfarms) mines its 1,000th Bitcoin using 100% hydroelectricity.

One of the largest North American Bitcoin mining farms, Bitfarms, has mined its 1,000th coin with 100% hydroelectricity. ????♻️ "We expect to more than double our installed hydropower infrastructure in Québec, triple our operational hashrate in...

Cryptocoins News / CoinJournal - 3 years ago

Monthly Report: China Ramps up Efforts to Curb Crypto Mining

Here is a summary of the top stories in the cryptocurrency sector this month Beijing Intensifies the War on Crypto Mining China has renewed its efforts against crypto mining in the country, with Bitcoin miners suffering as the biggest casualties. Reu...

Bitcoin News / Bitcoin.com - 3 years ago

Kyrgyzstan Seizes 2,000 Cryptocurrency Mining Devices

Law enforcement authorities in Kyrgyzstan have confiscated thousands of crypto mining machines as part of a new offensive against illegal cryptocurrency mining in the country. Investigators have also identified industrial enterprises that have been s...

Bitcoin News / Bitcoin.com - 3 years ago

Nvidia Makes $155 Million From Crypto Mining Chips in Fiscal Q1

Graphics cards manufacturer Nvidia has earned $155 million in revenue from chips designed for cryptocurrency mining during the first fiscal quarter. The company admitted that crypto miners have also pushed sales up in the gaming products segment whic...

Bitcoin News / Bitcoin.com - 3 years ago

Cryptocurrency Mining Banned in Iran as Blackouts and Power Shortages Intensify

Iranian President Hassan Rouhani has announced that cryptocurrency mining is banned in Iran, effective immediately. The ban, which will last until Sept. 22, is imposed as many cities in the country are facing major power blackouts. Iran has banned c...

Bitcoin News / Bitcoin.com - 3 years ago

Executives from China’s Largest Bitcoin Mining Firms Speak About Regulatory Crackdown

During the course of the week, the cryptocurrency community has been focused on China and the country’s Financial Stability Board detailing that it aims to crack down on the bitcoin mining sector. Following the statements from Chinese officials...

Bitcoin News / Bitcoin.com - 3 years ago

Little Green Mining Hood or the Big Bad Wolf: Musk’s Sustainability Play

Recent announcements and actions by Elon Musk surrounding bitcoin mining sustainability raise questions about the reasoning and motivations of Tesla’s Technoking. Is it possible that Musk is playing a calculated marketing game to introduce a Te...

More / Bitcoin Reddit - 3 years ago

Joshua and Jessica Jarrett, The Nashville couple, filed a lawsuit against the IRS claiming that mining or staking coins are not taxable until traded because they establish the creation of property.

submitted by /u/rollingincrypto [link] [comments]

by COINS NEWS - 3 years ago

After record earnings Nvidia is “unsure” how crypto mining contributed to the achievement. As if they are unaware why they raised recommended retail prices for GPUs

submitted by /u/BadAssPleb [link] [comments]

Bitcoin News / Bitcoin.com - 3 years ago

Beijing’s Distaste for Bitcoin Mining Spreads to Inner Mongolia, Miners Could Face a ‘Social Credit Blacklist’

Beijing’s recent crackdown on the cryptocurrency industry has found its way into Inner Mongolia according to a recent report. Inner Mongolian officials plan to introduce harsh penalties to bitcoin mining operations using the region’s grid...

Cryptocoins Exchanges / Binance - 3 years ago

Hassan Rouhani, President of Iran, has prohibited the mining of digital currencies like Bitcoin till 22 September 2021. This ban was a consequence of massive power blackouts and worsening air quality in multiple cities of Iran.

submitted by /u/andrytail [link] [comments]

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Bitcoin mining banned in Iran until September

Iran's government has placed an immediate embargo on Bitcoin and crypto mining to preserve electricity over the summer months. The recent crackdown on Bitcoin (BTC) an...

Bitcoin News / Bitcoin.com - 3 years ago

Chinese Firm Bit Mining Invests $9M to Build 100 Megawatt Bitcoin Farm in Kazakhstan

Shenzhen-based Bit Mining is planning to construct and operate a 100 MW crypto-mining data center in Kazakhstan. The project will be implemented in partnership with two local companies that will also provide the enterprise with an array of services....

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Michael Saylor says Bitcoin Mining Council required to combat ‘hostile’ narrative

Michael Saylor has provided more context on the Mining Council, and hopes to combat the anti-crypto narrative with greater Bitcoin mining transparency. MicroStrategy...

More / Etherum Reddit - 3 years ago

PoS reducing sell pressure - mining costs vs tax

I read in an interview Andrew Keys said "Two imminent catalysts to increasing the value of Ethereum include EIP 1559, wherein ether is burnt for every computational and storage transaction; and Transition to PoS, which reduces “sell pressure” a...

More / Bitcoin Reddit - 3 years ago

Stop the conspiracy theory, the Bitcoin Mining Council is a Publicity Stunt to adress environmental concerns

Basically, it's anti-FUD, doesn't support centralisation (because NODES quarantee decentralisation!) and is ultimately no different to some Mining Pool saying they're using green energy. Which is something that should be encouraged to sil...