The difficulty of mining BTC has hit an all-time high, further reducing the already slim profit margins enjoyed by Bitcoin miners. The new trend may have a devastating impact on cryptocurrency miners. BTC miners may be in for a rough ride as the price continues its downward trend. According to information provided by btc.com, a … Read more
For four consecutive months in a row in 2022, revenue from Ethereum mining has topped that of Bitcoin mining. In April 2022, mining income for both virtual currencies decreased year after year. While Ethereum reached a revenue of $1.39B in April, Bitcoin only achieved $1.16B in revenue. In April, ETH Miner Revenue Exceeded BTC by … Read more
According to the latest reports, the earnings from Ethereum mining have exceeded 95k ETH in one day. Also, handling fees were responsible for 85.9% of the total income generated. Ethereum Mining Becomes Very Profitable Despite High Gas Fees With the recent rise in DeFi (Decentralized Finance) activity, ETH miners’ income has reached 95,000 ETH in … Read more
The regulatory watchdog of the United States has stated that it has settled with Nvidia over “inadequate disclosures” of proceeds from crypto mining. Nvidia is a firm that makes graphics cards used by several crypto miners, On the 6th of May, the agency stated that Nvidia refused to report that cryptocurrency mining accounted for “a … Read more
Popular mining firm, Argo Blockchain, has announced the opening of a new high-grade mining center in Texas. The London-headquartered mining firm announced via its official page it will set up a new mining facility Helios in the aforementioned location in the coming week. As per the firm’s application with the London Stock Exchange, Argo will … Read more
According to reports, Uzbekistan’s government has officially approved crypto mining activities. However, crypto mining companies will only be permitted to operate using renewable energy sources such as solar power. Cryptocurrency Mining To Be Conducted Using Only Solar Power Uzbekistan has just legalized crypto mining, but only under one strict condition: all mining firms and facilities … Read more
As part of Kazakhstan’s efforts to reduce power use, cryptocurrency mining businesses will be obliged to provide detailed details about their activities. Kazakhstan Introduces Stringent Rules For Crypto Miners According to a recent report, the government of Kazakhstan has established new reporting criteria for crypto mining companies to understand the impact of the sector’s energy … Read more
A recent report by the Bitcoin Mining Council has confirmed that over 58.4% of BTC mining is powered by a “sustainable energy mix.”Meanwhile, Tesla CEO, Elon Musk, commented that his company would begin accepting BTC when green energy consumption by miners becomes at least 50%. Tesla CEO And The Bitcoin Mining Council Musk participated in … Read more
Riot Blockchain, a crypto mining company, has announced its plan to construct a 1 Gigawatt facility in Texas. The building is estimated to produce 270 employment and stimulate economic development in the surrounding area. Riot Miner Builds Facility For BTC Hosting And Mining Riot Blockchain has begun construction of a one-gigawatt (GW) plant in the … Read more
The mining difficulty for Bitcoin has been on the increase for some time now, as the most recent adjustment shows a 5.56% increase on April 27. The new development has pushed the mining difficulty for Bitcoin to a new high, indicating that miners and investors are finding the mining ecosystem attractive enough to take a … Read more
