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Search Results for: crypto mining

Bitcoin Mining Thrives Back Despite Ban Citing Environmental Concerns

Bitcoin miners made $36.5 million a day in the preceding week. The average block output per hour has grown by 2.725. Miner profits are rising once again. This time around, the miners have experienced a huge increase in their mining profits in only one week. There has been an increase

March 25, 2022 1 min read

EU Plans to Ban All Proof-of-work (PoW) Based Crypto Including Bitcoin

UK is considering banning all Bitcoin ATMs, this new move is particularly ironic. China already imposed a ban on crypto mining last year. The mining process, which is how new digital currency is produced, is crypto’s most evident environmental consequence. Many cryptocurrencies depend on mining, but Bitcoin is the most

March 14, 2022 2 mins read

Biden Signs an Executive Order on Cryptocurrencies for Its Explosive Growth

U.S President Joe Biden signs an executive order on cryptocurrencies.  The market growth of digital assets is booming massively in recent years.  Crypto market capitalization exceeded $3 trillion last November. To be very honest, the digital currencies are recording tremendous growth in recent years.  Thereby seeking the attention of millions

March 10, 2022 2 mins read

US Siblings Charged With $124M Crypto Fraud

At least 12 thousand “retail investors out of more than $124 million” were allegedly defrauded by John Albert Loar Barksdale and his sister JonAtina (Tina) Barksdale, according to the Securities and Exchange Commission (SEC) on March 8. The Department of Justice (DOJ) arrested John and charged him with wire fraud,

March 9, 2022 1 min read

Bitcoin Miners in Malaysia Adopt Power Stealing to Fuel Mining Process

Several governmental institutions are collaborating with Tenaga to catch illicit miners. Experts also recommend smart meters and meter data management systems. The power utility company in Malaysia is suggesting new ways to combat the issue of escalating energy theft cases for Bitcoin mining in the nation. Bloomberg reports that Tenaga

March 6, 2022 1 min read

Malaysia Cracks Down on Thieves Stealing Electricity for Bitcoin Mining

There is a rapidly expanding issue of power theft in Malaysia for bitcoin mining. On the other hand, National utility has a few suggestions on how to rein in the trend. Special tariff is a method to combat the illegal use of power that Tenaga Nasional’s chief executive indicated was

March 6, 2022 2 mins read

Kimbal Musk Opined Concerns Regarding Environment Due to Crypto

Tesla still has almost $2 billion in bitcoin on its books. On the boards of Tesla and SpaceX, Kimbal is an important player in space exploration. Elon Musk has been one of the most prominent voices in the Crypto industry, but his brother Kimbal Musk has his own set of

March 5, 2022 1 min read

Bitcoin Mining Difficulty Drops 1.5% Since November Last Year

Over the last two weeks, the average block duration exceeded the 10-minute objective.  The 300 Eh/s hash rate might be achieved in 2022. The Bitcoin (BTC) mining difficulty adjustment has lowered for the first time since November 2021, correcting 1.49 percent of the difficulty change. After six straight increases in

March 4, 2022 1 min read

TrustMining Announces Pro Plan With Higher Revenue Earning Possibilities

Cloud mining company TrustMining is ideal for small investors since it requires just a modest amount of money to begin mining. It does all mining on behalf of the investor to help individuals quickly enter the crypto market without incurring any upfront expenditures. SHA256, Ethash, and Equihash are all supported

March 3, 2022 3 mins read
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