A ban on PoW crypto-mining has been enacted by the governor of New York. The PoW moratorium bill was approved by the governor on November 1. In November, the Proof of Work crypto-creation ban was enacted by New York Governor Kathy Hochul. In addition to outlawing new mining operations, the PoW mining moratorium might also…
A bear market is a common practice in the cryptocurrency market and everyday traders are used to it. It has been experienced for a number of times in the past and it will also happen in the future in all financial markets. The value of the assets has been depreciated by almost 70% from their…
With BTC and ETH continuing to tank, it is a good idea for many individual miners who are just using their PCs and other hardware to mine to stop doing it. Many are running their equipment and earning some coins here and there, but they hope that the price of these coins will skyrocket and…
The recent news story about the US government suggesting banning crypto mining has been making rounds in the crypto community with many members saying that it should never happen. However, the issue is a little bit more complex than the US senators waging war against crypto. Many states are already heavily invested in mining and…
BTC mining difficulty is now 29.85 trillion from the previous 29.85 trillion. The amount represents a 4.34% drop in the asset’s mining difficulty. The drop rate of the BTC difficulty adjustment algorithm represents the asset’s second-largest in a little less than 12 months. The Relevance Of The DAA Drop Last July, the DAA drop rate…
On Monday, Terraform Labs CEO, Do Kwon, requested (via Twitter) that developers willing to support and commit to the development of the forked terra chain should indicate interest. 8/ We believe this token distribution, in addition to best efforts by LFG to make $UST holders whole, best solves for the varying interests and time preferences…
Texas’s crypto-friendly city Fort Worth will commence with Bitcoin mining by utilizing three mining rigs of Bitmain Andminer S9 that are donated on the behalf of the Texas Blockchain Council. The city mayor is of the view that mined Bitcoin could offset the operational charges, which will be a part of the balance sheet of…
One of the Ethereum staking pools, Lido, has announced that it would lower the requirements to become a validator on its platform. Thus, enhancing the decentralization of their platform. Based on the new requirements, anyone can become a Lido validator regardless of the amount of Ethereum they have staked. Furthermore, it would enhance governance on…
Evgeny Grabchak, Deputy Minister of Energy in Russia has suggested regulatory authorities to bring new regulations for cryptocurrency mining operations, as current “Vacuum” hinders economic potential. According to reports from several media outlets, the Deputy Minister of Energy, Evgeny Grabchak has asked the Russian government to bring fresh cryptocurrency mining regulations, promoting the legalization of…
Bengal Energy intends to mine BTC using energy discharged from “abandoned” gas reservoirs in response to the increase in BTC mining this year. Bengal Electricity, an oil and gas firm in Canada, plans to invest in cryptocurrency mining operations using power from “abandoned” gas reservoirs. The company aims to install 70 Bitcoin mining machines within…
Russian BTC (Bitcoin) miners are reportedly doing their operations normally despite the authorities’ invasion of Ukraine. As per the assessments made by the Cambridge Bitcoin Electricity Consumption Index, the Russian miners were responsible for nearly 11.2% of the BTC hash rate across the globe till 2021’s August. It is up till now ambiguous how the…
The outrage from the crypto world has caused the EU parliament to delay a crucial vote in its highly expected crypto market regulatory policy. The mica (markets in the crypto-assets directive) was scheduled to hold its vote this coming Monday. Why The Vote Is Delayed The conclusion of the vote will lead to a negotiation…
According to retail data, there has been strong interest in the crypto mining equipment market in Russia from buyers of both new, as well as used devices. As a matter of fact, the demand for application-specific integrated circuit (ASIC) machines has exponentially multiplied this year, whereas the supply of video cards has been short, thereby…
The departure of Bitcoin miners from China to Kazakhstan has added to the nation’s energy shortage, which the nation’s leader has recommended be alleviated through the use of nuclear energy sources. According to Kazakhstan’s Ministry of Energy, Bitcoin miners will be responsible for an 8% rise in residential electricity use from now until the end…
El Salvador president Nayib Bukele has confirmed via Twitter that the country has managed to mine some of the Bitcoin using volcanic energy. He says that the mining facility is still in its primitive stage and requires a lot of tinkering and professional insight to be able to make this endeavor a regular element. From…
Findings from analytics firm, Bitnodes, show that Germany is operating more nodes for flagship cryptocurrency, Bitcoin than the US in a surprising outcome. According to Bitnodes, there are exactly 10,780 listening or fully validating nodes. Listening nodes differ from other nodes on the network because they fully participate in distributing transactions across the network for…
Various data indicate that crypto mining firms are settling at their new locations following aggressive action on them by the Chinese authorities in May. Institutions Remain Bullish Glassnode analytics suggest that institutions might be responsible for bitcoin’s current bullish run. “Institutional investors continue to dominate transaction volumes which are impacting BTC’s price action positively,” Glassnode…
China will try a renewable electricity transaction system based on blockchain. The world’s greatest carbon dioxide producer is decarbonizing with the help of blockchain. Officials with Beijing’s highest market competent authorities have granted the go-ahead for blockchain-based renewable electricity transaction trials across China, according to the National Development and Reform Committee’s official site, which made…