Bitcoin (BTC) Miners Possibly Behind Plummets Beneath $19K; Here’s Why

Bitcoin saw its prices sliding by more than 10% within the last seven days. Meanwhile, data shows massive selling strength from Bitcoin miners triggered the downside price movements beneath the critical price zone of $19,000. Bitcoin Miners’ Sell-off Soars A senior CryptoQuant analyst Julio Moreno has claimed that the crypto space hovers in the BTC … Read more

Kazakhstan Gets $1.5M From Fees On Crypto Mining In Q1 2022

In recent news, the Kazakhstani government has raised $1.5M (652M Kazakhstani tenges) in Q1 2022. This revenue is from the fees it imposed on cryptocurrency miners in 2022. Despite the opposition to a tax on crypto mining in April, the country has made some revenue. The report states, “The fee depends on the amount of … Read more

Crypto Miners Use 2% Of Power Consumption In Russia

According to a government report by Russia, crypto miners use over 2% of power consumption. Hence, officials are calling for a regulation of the sector. Crypto Miners Use More Electricity Compared To Agriculture According to the latest report, miners in Russia consume more power than farmers. Currently, crypto miners use over 2% of total electricity … Read more

Paraguay Approves Regulations For Crypto Trading And Mining 

Paraguay is closer to crypto adoption after a 40:12 vote from the Chamber of Deputies. The bill will regulate the trading and mining of cryptocurrencies in the country.  The country’s Chamber of Deputies gave adopted the legislative framework. As a result, it will go to the House of Senate for approval.  Once the Senate approves … Read more

Nvidia’s Mining Card Revenue For Q2 Falls Below Expectation

On Thursday, the stock price of graphics card producer, Nvidia, dropped. This was after the revenue for Q2 fell short of expectations.  The company had strong revenue growth from Q4 last year to 2022. Its revenue increased by 8% to over $8.98 billion within this period. Also, the share price increased by 3%.  Nvidia plans … Read more

Russian Crypto Miners Won’t Get Tax Amnesty as Lawmakers Pull Proposal

A new draft law superseded an old bill with a 1-year tax and customs amnesty for Russian BTC miners. They revoked the tax benefit because it would have hurt the state budget. Russian Lawmakers Submit Amended Crypto Mining Regulations Without Miner Amnesty The State Duma in Russia has received yet another piece of legislation. It’s … Read more

Quantum Blockchain Unveil Fast And Energy Efficient Mining Algorithm

Quantum Blockchain has introduced a new BTC mining algorithm. It will improve the energy efficiency and speed of the present crypto mining gear.  As per the business, it has now moved on to live tests of BTC mining. It will use the usual version of the SHA-256 algorithm. Quantum wants to gather real-time data to … Read more

Payback Ltd Review – How to Get Money Back From Crypto Mining Scams

Payback Ltd Review Unfortunately, you might encounter scammers when your day-to-day undertakings. Online fraudsters are always looking for their vulnerable targets. Some internet activities scammers target are online dating, online trading, and playing casino games. The worst thing is that some fraudulent activities can leave you bankrupt or depressed. However, what can you do after … Read more

Two Bit Digital Crypto Mining Partners Halt Operations Following Explosion

Bit Digital, a cryptocurrency mining company with its headquarters in New York, had issues with mining last week. This occurred after two of its hosting partners stopped their mining operations. Over 4,800 machines seized operations after the power outage in two locations. Explosion Destroys Two Crypto Mining Substations An “explosion and ensuing fire” caused damage … Read more

China Re-emerges As 2nd BTC Mining Hub Even After Ban On Crypto

The Chinese government’s mandate to ban crypto operations seems to have been ineffective. This is coming after a recent report stated that China was part of the world’s first three largest Bitcoin mining centers. Are BTC Miners Secretly Mining In China? According to the latest news from CBEC (Cambridge Bitcoin Electricity Consumption Index), China has … Read more