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Mining
Global Energy Price Jump Impact on Bitcoin Hashrate
“All About Bitcoin” Host Christine Lee presents data from Glassnode illustrating the difficulty of mining a bitcoin block, otherwise known as the hashrate, which dropped 0.35% on Thursday for the second time this month. Global electricity prices have risen alongside the continuation of Russia’s invasion into Ukraine, possibly leading certain miners to go offline.
Bitcoin Mining Difficulty Drops for Second Time in March
The decrease is likely a result of miners unplugging their machines due to high energy costs, said Compass Mining CEO Whitt Gibbs.
Bitcoin Miner TeraWulf Sets 2022 Hashrate Guidance
The company, which went public in December and counts among its backers actress Gwyneth Paltrow, also said its 2025 expectations remain on track.
Crypto Miner Hut 8 Reports Surprise Q4 Loss
The company's revenue was in line with expectations, but Ebitda missed estimates.
Riot Blockchain Sees 2022 as Year of Consolidation in Bitcoin Mining Sector
The Colorado-based miner beat analysts' estimates for 2021 sales due to a higher company hashrate and bitcoin price.
Russian Crypto Miners Brace for Sanctions Fallout Amid Ukraine Conflict
The ruble’s fall has made mining more profitable in Russia for now, but parts and shipping costs are set to rise.
Bit Digital Has Deployed 39% of Its Crypto Mining Rigs in North America
The firm has shipped all of its machines out of China, but is waiting on hosting capacity to be completed.
EU Parliament Rejects Proposal Limiting Proof-of-Work Mining
The European Parliament has voted against a proposed rule that would have banned proof-of-work mining of cryptocurrencies like bitcoin across the European Union (EU). Patrick Hansen, head of Strategy and Business Development at Unstoppable Finance, discusses what this means for the state of crypto affairs in Europe and the world.
EU’s ‘Bitcoin Ban’ Fell Short but Experts Still Have Ideas for Fixing Crypto’s Carbon Costs
Projects like Filecoin Green and Zero Labs see crypto’s opportunity to drive major demand for renewable energy, while using blockchain tech to measure greener grids. But will big miners bite?
Kazakhstan Crackdown Forces 106 More Illegal Crypto Mines to Close
Kazakhstan’s crackdown on illegal crypto mines has forced another 106 miners to stop operations, following investigations by the country’s financial monitoring agency. The country represents 20% of the total bitcoin mining capacity, according to CoinDesk’s Research Analyst George Kaloudis.