Sat, November 23

io.net Unveils Pioneering Decentralized GPU Network Empowering AI

Building the world’s largest Decentralized Physical Infrastructure Network (DePIN) for AI is what Decentralized cloud service io.net has declared as its ultimate objective. Io.net seeks to address the lack of GPUs for AI processing by obtaining one million GPUs from independent suppliers of computing resources. In the process, it will create the first

October 11, 2023 2 mins read

Uzbekistan Cracks Down on Crypto Mining With New Licensing Framework

With the approval of a framework for licensing crypto mining activities by the country’s crypto market regulator, crypto mining in Uzbekistan is about to undergo significant change. The National Agency for Perspective Projects (NAPP) in Uzbekistan has issued a rule requiring licensing for crypto mining operations. Thus restricting crypto mining

October 4, 2023 1 min read

Kazakhstan Crypto Miners Urge President To Lower High Energy Prices

Kazakhstan is the world’s third-largest market for Bitcoin mining hash rate, and local crypto-mining businesses have expressed concerns about high energy costs to the nation’s president. Moreover, as per the letter, they have suspended their activities. Eight significant crypto mining businesses reportedly sent an open letter to President Kassym-Jomart Tokayev,

October 4, 2023 1 min read

Bitcoin Mining Goes Green: Over 50% Renewable Energy Usage Achieved

It seems that the criteria set by Elon Musk in 2021, that miners must use around 50% renewable energy sources “with positive future trend,” has been reached. The amount of Bitcoin mining energy originating from renewable sources has surpassed 50%, according to Bloomberg analyst Jamie Coutts, who posted the news

September 16, 2023 1 min read

Beyond Investing: Unlocking Passive Income with TokenCoin

TokenCoin has emerged as a pioneering company, specializing in high-performance cloud computing power mining services. TokenCoin is a reliable choice for individuals looking to generate passive income through cloud mining, offering transparency, diverse plans, and a commitment to excellence. In the fast-paced world of cryptocurrencies, where innovation and opportunity abound,

September 15, 2023 2 mins read

The Transformative Potential of Cloud Mining in the Cryptocurrency Landscape

● Cambridge Bitcoin Electricity Consumption Index (CBECI) estimated Bitcoin mining’s annual power demand to be 120.29 TWh. ● Cloud mining enables users to participate in crypto mining without the need for hardware. The cryptocurrency landscape is constantly evolving, with users adapting to changing trends and market patterns. As participants in

September 5, 2023 2 mins read

Bitcoin Miners Struggle as Profit per Terahash Reaches Record Lows

The “hash price” of Bitcoin mining, which is the amount of money miner’s make per terahashes per second, has fallen to levels not seen since the FTX crash of November 2022, despite the fact that the hash rate has hit all-time highs. On August 18, the Bitcoin network’s hash rate

August 28, 2023 1 min read

Bitcoin Mining Firm Riot Platform Posts Q2 Net Loss of $27.7M

Riot Platforms, a Bitcoin mining company headquartered out of Colorado, cut its quarterly net loss to $27.7 million as it increased Bitcoin output and hit record hash rate capacity. A 27% year-over-year rise in Bitcoin output, although being somewhat offset by a fall in Bitcoin prices, led to the cryptocurrency

August 10, 2023 1 min read

Kyrgyzstan To Build Crypto Mining Farms; President Approves!

In Kyrgyzstan, the crypto mining farm will be built for $20 million, says President Sadyr Japarov with a nod. As per the reports of July 27, the Hydroelectric Power Plant under the government of Kyrgyzstan will be built.  Back in 2010, the Kambar-Ata-2 was launched that lost 6.8B KiloWatt-Hours (kWh)

July 28, 2023 1 min read