Fines for illicit mining actions have been raised by 400 percent. First-time offenders would be denied access to subsidized energy for three months. Iran’s Tavanir power distribution company has implemented a new set of stringent procedures to combat illegal crypto mining. Fines for illicit actions have been raised by 400
What is the Oil Club smart contract? Oil club is a smart contract miner that follows the rules of the oil and gas industries. Club members earn up to 14% in daily rewards and participate in constantly evolving strategies to maximize profits depending on the current market state. Is asset
According to Pronin, the CBR would not be responsible for mining. According to the governor, Russia should not allow exchanges of digital currencies. Crypto mining has been approved by the Moscow Monetary Authority, but only if Russian miners sell the currencies, they produce outside the nation, according to Kirill Pronin,
SBF confirmed that FTX is not open to acquire crypto mining firms. Earlier, FTX had provided more than $240 million credit line to BlockFi. Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, declined the latest rumor surrounding the company. On Saturday, SBF cleared the speculation through a tweet that
Uzbekistan-registered exchange would be the sole option for trading in mined assets. Only crypto exchanges founded by foreign legal companies were given legal standing. According to The National Agency of Prospective Projects (NAPP), the Uzbekistan government expects a lot from cryptocurrency mining companies. Only firms who mine Bitcoin (BTC) or
Almost $4 billion in mining-rig-backed loans are in jeopardy. Bitcoin miners who need to sell would continue to exert downward pressure. Miners have been hit hard by the 21% decline in the price of bitcoin (BTC) since it peaked two weeks ago. According to a Bloomberg report, some mining-machine-backed debts
At its height, the BTC network used 16.09 GW of electricity. Banks accounted for 56 times higher energy use than the Bitcoin ecosystem on June 16. In response to the two-week decline in the mining hash rate, the total power consumption of the Bitcoin (BTC) network dropped dramatically, resulting in
To empower 40 million monthly average users (MAU), Chingari today announced its GARI Mining program on its on-chain social app, which is the fastest-growing in the world. Users and artists can earn GARI (the largest Social Token in the world) by doing in-app tasks such as making and enjoying movies
The country is a global leader in the hash rate of BTC mining. The government is contemplating raising municipal costs for cryptocurrency mining. The government of Kazakhstan, one of the biggest nations in the world in terms of the distribution of Bitcoin (BTC) mining hash rates, has announced budget gains
Many Russians are turning to subsidized and even unauthorized power. Machines used over 8,400 kW of power paid for by the government. The Butyrskaya jail in central Moscow’s Tverskoy District is under scrutiny for a high-ranking prison official’s crypto mining farm. The oldest Russian jail, also known as Butyrka, was
