Mining

The Ministry of Electric Power in Venezuela declared that all cryptocurrency mines are disconnected from power lines, as per the instructions of the National Power Grid (SEN).  This decision aims to reduce the high energy consumption from mining activities and ensure a reliable power supply for all citizens. Moreover, this is a logical…

LAS VEGAS - Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company, has disclosed that its subsidiary, Sentinum, Inc., successfully mined approximately 89 in April 2024. Sentinum's operations are split between its Michigan data center, which contributed about 46 Bitcoin, and the remaining 43 Bitcoin mined through its…

Brian ChilsonSen. Bryan King (R-Green Forest) Sen. Bryan King (R-Green Forrest) said today that he will once again propose tougher crypto mine regulations when the Legislature meets soon in a special session. King said that he has alerted Senate President Pro Tem Bart Hester and House Speaker Matthew Shepherd of…

Bitcoin (BTC) Price Action May, 12 – May, 17 2024. The figure is down from previous estimates exceeding $50,000, and the drop was attributed to declining hashrate after the halving event, which cut the Coinbase reward miners receive per block found in half, as unprofitable miners exit the network. JPMorgan’s analysts noted that there was a…

The Russian mining market is experiencing unprecedented growth. Experts predict that crypto mining volumes will increase by 20-40% by the end of this year. Local media Kommersant reports that Russia currently ranks second in terms of mining volumes, following the United States. However, the lack of industry regulation may negatively impact this…

Laos faces electricity shortages as cryptocurrency mining and erratic rainfall strain its hydropower capacity.  Somboun Sangxayarath, an advisor at Electricite Du Laos (EDL), cites cryptocurrency mining’s surge, now constituting over a third of power demand, alongside decreased hydropower output due to lower rainfall. According to…

Before the bitcoin halving, many experts were forecasting disaster for the cryptocurrency.JPMorgan projected prices would drop to $42,000, saying the market was overbought.Others said any potential gains post-halving were already priced in.Regardless of where you stood before the halving took place in April, bitcoin is still here and it's…

Bitcoin miner Hut 8’s (HUT) stack of more than 9,100 coins gives it substantial capital to pursue upcoming projects, broker Craig-Hallum said in a research report upgrading the stock to buy. The company’s bitcoin stash is worth about 75% of its current market cap and “represents both a protective feature for investors and very opportunistic…

Bitcoin (BTC) has printed a sudden 7% bounce following data from the Bureau of Labor Statistics (BLS) revealing that inflation data cooled in April. According to the BLS, the Consumer Price Index (CPI), which is a measure of the average change over time in the prices paid by urban consumers for a market basket of…

Nearly a month after the fourth Bitcoin halving took place, the first signs of miners’ revenues decreasing are slowly emerging with one clear indicator being the drop in the network hash rate. The recent decline in this metric potentially indicates miner capitulation, where less efficient miners are quitting due to…