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“# Crypto miner in Texas shuts down 99% of operations as winter storm approaches ” With Winter Storm Landon expected to hit parts of Texas this week, major crypto mining firms are powering down in anticipation of high demands on the state’s power grid. Speaking to Cointelegraph on Wednesday, Riot Blockchain’s communications director Trystine Payfer…
“# Russian region struggles to keep up with Bitcoin mining energy demands ” As cryptocurrency mining activity grows increasingly common in Russia, one local region is struggling to maintain power stability amid massive inflows of new crypto mining operations. Russia’s Irkutsk Oblast, a federal region and Russia’s major center of trade routes from China, experienced…
“# New York gubernatorial candidate calls for moratorium on proof-of-work mining ” With roughly nine months until major federal and state elections, New York State gubernatorial candidate Jumaane Williams is making crypto mining an issue in his campaign, criticizing the lack of regulatory clarity. Speaking to climate activists and protestors at Seneca Lake in upstate…
“# Russia houses $200B worth of crypto, Kremlin estimates ” Russian citizens reportedly own 16.5 trillion rubles ($214 billion) worth of cryptocurrencies, according to government estimates. A Bloomberg report noted that Russians own about 12% of the total global crypto holdings. The crypto holdings estimates were calculated by analyzing IP addresses of some of the most…
“# Another solo Bitcoin miner solves valid block, becoming the 4th in 2022 ” Hopium is back on the menu for solo Bitcoin (BTC) miners. An approximately $240,000 reward, or 6.25 BTC, was generated by yet another solo miner on Tuesday morning. This time, the odds were less than 20%, according to Con Kolivas, a…
“# Fossils vs. Renewables, PoW vs. PoS: Key policy issues around crypto mining in the U.S. ” On Jan. 27, a group of eight U.S. lawmakers, led by Senator Elizabeth Warren, sent letters to the world’s six largest Bitcoin mining companies, demanding to reveal the detailed data on their electricity consumption. This isn’t the first…
“# Bitcoin miners believe global hash rate to grow ‘aggressively’ ” Bitcoin (BTC) seems to be on everyone’s mind lately as the world recently witnessed the price of BTC take a rather unexpected bearish turn this month. On January 21, 2022, Bitcoin reached six-month lows, sinking below $40,000 for the first time in months. While…
“# Valkyrie aims for ETF linked to Bitcoin mining firms on Nasdaq ” Crypto asset manager Valkyrie has filed an application with the United States Securities and Exchange Commission to trade an exchange-traded fund (ETF) with exposure to Bitcoin mining firms on the Nasdaq Stock Market. In a Wednesday SEC filing, Valkyrie said its Bitcoin…
“# Yet another solo Bitcoin miner solved a valid block, earning a reward worth over $220,000 ” Another Bitcoin (BTC) miner from the Solo CK mining pool has solo mined a new block on the Bitcoin blockchain, earning a block reward of 6.25 BTC (over $220,000 at current prices) as a result. The event took…
“# Fitch Ratings warns of risks crypto miners pose to US power supply ” Global credit rating agency Fitch Ratings is warning public power utilities across the United States to mitigate the risk crypto mining could post their production of power. In a Monday notice, Fitch Ratings said that only utilities in states like Washington,…