Hydropower plants up for sale in China as crypto miners exit
A majority of the hydropower plants belonging to the Sichuan region of China, which is famous for housing clean energy Bitcoin mining are being listed in the country’s second-hand marketplace for sale. As crypto miners flee the country, the Chinese online second-hand market has seen a boom in small hydropower plant listings in recent weeks. […]
China’s cryptocurrency crackdown leads to a fall in Ethereum Mining Hashrate
The crackdown on cryptocurrency miners by the Chinese government is not only telling on Bitcoin but also has a role to play in the Ethereum mining hash rate. According to data from Etherscan, the Ethereum mining hashrate, which peaked at 643,805.8731 GH/s on May 20, 2021, is rapidly declining. After decreasing by a staggering 21,397.4621 […]
Sneak-peek of Volcanic Bitcoin mining set up in El Salvador
President Nayib Bukele gives a sneak-peek into the upcoming Volcano-powered Bitcoin mining farms. El Salvador’s President, Nayib Bukele, used Twitter to give an early peak at the anticipated Bitcoin mining setup, which would be powered by volcanoes. Earlier this month, Salvador became the first country in the world to recognize Bitcoin as legal money. The […]
Iran Bans Crypto Mining, seizes 7k Rigs
In the last 48 hours, officials stormed 50 places across Iran’s capital, uncovering 3,000 unlawfully operating crypto miners, according to Tehran’s police head. Iranian provincial police have announced that they have seized more than 7,000 crypto mining machines at a farm in Tehran, extending their assault on large and small crypto miners. Police confiscated crypto […]
Bitfarms Explains the advantage of mining under Nasdaq
Bitfarms began trading on Nasdaq and tells how publicly traded Bitcoin-exposed institutions have a different risk portfolio than miners. Canadian Bitcoin mining company Bitfarms began trading on Nasdaq yesterday under the ticker symbol BITF. BTIF opened at $4.04 per share and reached a high of $4.11, and at the close of the day at $3.96. […]