Crypto Mining News

Kahnawake to seek more energy for crypto mining

Breadcrumb Trail Links Technology Local News Energy A company called Pow.re says it would not require the use of community funds. Author of the article: The Canadian Press Marcus Bankuti, The Eastern Door Publishing date: Sep 16, 2022  •  49 minutes ago  •  3 minute read  •  Join the conversation “With zero investment and an opportunity

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Fairborn puts 6-month ban on crypto mining data centers involved with Bitcoin, citing no Ohio oversight and few jobs created

“So, before any of those locate within the city, we’d like to bring ourselves up to speed a little bit better on what those are,” Gebhart said. “Because quite frankly, they’re not environmentally friendly from the initial information we have, nor are they a significant job creator,” he added. “So, these buildings essentially sit unmanned

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Russian gov’t working on stablecoin settlement platform between friendly nations: State media

Russia’s Finance Ministry has reportedly begun working with the governments of “friendly” nations to establish a cross-border stablecoin-based payments platform.  According to a Tuesday report from Russia state-owned news agency TASS, Deputy Finance Minister Alexey Moiseev said the government was looking to create the settlement platform to avoid the use of U.S. dollars and euros.

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HIVE Blockchain: Market Mispricing Ethereum Merge (NASDAQ:HIVE)

Lauren DeCicca/Getty Images News After years of delays, the Ethereum (ETH-USD) platform appears set in the coming weeks to shift from a proof-of-work consensus mechanism for verifying and tracking transactions, to a proof-of-stake consensus. Follow-up over the last couple of weeks of a practice merge on the Goerli testnet showed it was successful and a

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HIVE Blockchain’s Pivot Away From PoS Ethereum

Chunumunu Introduction Many readers were enthusiastic about HIVE Blockchain Technologies (NASDAQ:HIVE) after our coverage about a month ago. The only gripe against HIVE was that about half of HIVE’s earnings are derived from Ethereum (ETH-USD) and that Ethereum is expected to switch from PoW (Proof-of-Work) to PoS (Proof-of-Stake). We explained that we could not include

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Mining Companies Sell off Coins and Gear to Recoup Losses

A series of impairment charges contributed to a $1 billion second quarter loss for the largest publicly-traded Bitcoin mining companies in the United States. In the three months ending June 30, Core Scientific, Riot Blockchain, Marathon Digital Holdings, booked net losses of $862 million,$366 million, and $192 million, respectively, according to recent quarterly earnings reports.

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If banks are the problem, cryptocurrency probably isn’t the answer

Jenny Nicholls is a Waiheke-based writer, specialising in science commentary. OPINION: I have a good friend, a cyber-security expert, who mines cryptocurrency in his laundry, and his mother’s basement. This kind of mining doesn’t use picks and shovels, but towers of stacked computers linked with fat cables, which look like licorice straps. The air feels

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Waves Community Passes “Reset” Proposal for Vires.Finance

Key Takeaways The community behind Vires.Finance has voted in favor of a “DeFi Revival Plan” that will “reset” the lending protocol. The Waves-based lending protocol has suffered from a months-long liquidity crisis since the depegging of the Neutrino stablecoin (USDN) in April. The new proposal will allow certain account holders to be repaid, continue their

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Crypto miners should report more energy usage info

UNITED STATES – MAY 28: Sen. Elizabeth Warren, D-Mass., talks with a reporter outside in the Capitol on Friday, May 28, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images The government must intervene to limit the impact of cryptocurrency mining on climate change, several Democratic U.S. senators and representatives told the Biden administration

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Sign the crypto mining moratorium | Letters To The Editor

It’s time for Governor Hochul to sign the moratorium bill for crypto mining. But will she? According to the New York Times “As digital assets have become more popular, the amount of power necessary to generate Bitcoin has soared.” Can NYS afford to waste electricity on these fossil fuel energy-guzzling crypto mining plants? The Sierra

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Many Crypto SPAC Deals Now In Jeopardy

Crypto SPAC deals are now in jeopardy as planned mergers face deadline extensions and terminations. getty A number of planned mergers between crypto and web3 companies with special purpose acquisition companies (SPACs) are being delayed or canceled as a result of the recent market rout. SPACs, also known as blank-check firms, are publicly traded shell

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Proposed Legislation Aims to Regulate Digital Assets’ Energy Use | Husch Blackwell LLP

On June 6, 2022, United States Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) released the first major bipartisan bill intended to regulate digital assets. Interestingly, the bill calls for additional information around the energy use of digital assets. If passed, the bill would require the preparation and submission by the Federal Energy Regulatory Commission

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Bitcoin mining economics: Past, present and future

At the time of writing, the guaranteed (read: subsidized) revenue per BTC block is about $130,000.00 per block, and the guaranteed revenue per BSV block is about $415.00, which many people think is a metric that tells the whole story. But they are wrong! Bitcoin was never meant to deal with multi-chain economics, but since

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Crypto-related Criminal Cases Rise by 40% Year-on-Year in Russia

Source: AdobeStock / Andrey Milkin   There has been a spike in crypto-related legal activity in Russia – with case numbers growing fast both in the criminal and civil courts. Per the media outlet Izvestia, researchers from the cybersecurity outfit RTM Group compiled a report showing that 1,531 legal cases related to cryptoassets were launched

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Bit Digital mined about 30% less bitcoin in May

advertisement Bit Digital produced 53.4 bitcoin in May, representing a 29.9% decrease from the previous month. During the same month, the company also mined 27.0 ETH, per an announcement on Wednesday. The company held 793.6 BTC and 316.1 ETH as of May 31, with a fair market value of roughly $25.2 million and $0.6 million,

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How A Crypto Mining Centre Works

NDTV’s Arun Singh visited an actual crypto mining centre to show you how a mining farm actually works, what’s required to start and maintain the mining activity and how much could your electricity bill actually be if you decide to start mining. Here’s an exclusive ground report.  Read more at www.ndtv.com

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Crypto’s Need for Sustainability Standard-Setting Starts Here

Source: Adobe/New Africa   Patricia Trompeter, CEO of Sphere 3D, a Nasdaq-listed crypto mining company.____ Cryptocurrencies have gained strong momentum over the last couple of years, drawing widespread attention from both proponents and skeptics. While investors have lauded digital currencies for their high yields and fiat-based volatility, critics have decried the environmental impacts and the

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