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” US energy company opens crypto mining facility in Middle East to use stranded natural gas “ As the heated up discussion around the ethical aspects of using fossil fuels in crypto mining remains one of the key topics for the industry, an unexpected partnership between a Denver-based mining company and the government of a…
” Bitcoin daily mining revenue slumped in May to eleven-month low “ Bitcoin mining revenue and profitability have continued to slide along with the asset’s price this year as the crypto winter deepens. May has been one of the worst months for Bitcoin miners in the past year as revenue and profitability continue to tank….
” Here’s how much Kazakh gov’t made off crypto mining in Q1 2022 “ The government of Kazakhstan, one of the world’s largest countries by the Bitcoin (BTC) mining hash rate distribution, has reported budget earnings derived from cryptocurrency mining. On May 30, Kazakhstan’s state revenue committee of the Ministry of Finance released a report…
” Gov’t says crypto miners consume 2% of total electricity in Russia “ Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate. The energy consumption share of the crypto mining industry has exceeded the country’s agricultural sector, showing signs of recovery after Russia fell out…
” 3 metrics contrarian crypto investors use to know when to buy Bitcoin “ Buying low and selling high is easier said than done, especially when emotion and volatile markets are thrown into the mix. Historically speaking, the best deals are to be found when there is “blood on the streets,” but the danger of…
” Nvidia shares plunge after Q1 figures, crypto mining card revenue ‘nominal’ “ American graphics card manufacturer Nvidia’s stock price tumbled in after hours trading on Thursday because the revenue outlook for Q2 has fallen short of expectations. Quarterly growth from Q4 2021 to Q1 2022 was strong with an 8% increase in revenue to…
” Tax guidelines for crypto mining pass the first reading in Kazakhstan “ Kazakhstan, one of the global leaders in crypto mining with a recent history of hostile measures against the industry, is taking a step toward a comprehensive fiscal framework for mining operators. On Thursday, May 25, the lower chamber of Kazakh parliament, Mejlis,…
” GPU prices are still on a decline: Is Bitcoin’s sorrow gamers’ joy? “ The prices of graphics processing units (GPUs), also known as graphics cards, are undoubtedly still a far cry from the manufacturer’s suggested retail price (MSRP). However, they aren’t what they used to be either, especially considering what GPU prices looked like…
” OpenEthereum support ends with the Merge fast approaching “ One of the most popular Ethereum (ETH) clients, OpenEthereum has ended support for its software in preparation for the upcoming Ethereum Merge. OpenEthereum creates “clients” or software used to interact with the Ethereum network allowing anyone to create an Ethereum node to mine the cryptocurrency…
” Weak stocks and declining DeFi use continue to weigh on Ethereum price “ Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since May 13 according to…