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“# An even bigger mining difficulty drop? 5 things to watch in Bitcoin this week ” Bitcoin (BTC) starts a new week in familiar territory after a weekend of solid gains ended in a drawdown — what’s in store? With another rally to near $36,000 under its belt, the largest cryptocurrency is showing signs of…
“# Bitcoin mining difficulty just fell by a record 28% — But will this help BTC price recover? ” Bitcoin (BTC) has recorded its biggest mining difficulty drop of nearly 28% on July 3, but one model suggests that the BTC price will not bottom until October. In a series of tweets on July 2,…
“# Greenidge plans to expand mining operations to South Carolina ” Bitcoin mining company Greenidge Generation announced it would be starting operations in South Carolina as early as this year. In a Friday announcement, Greenidge said it would be operating in a carbon neutral crypto mining facility in the city of Spartanburg. The company said…
“# Proposed bill in Iran could ban all foreign-mined cryptocurrencies ” A new bill drafted by the Iranian Parliament Commission on Economy aims to restrict the use of cryptocurrencies within the country while providing a clearer legal framework for miners. According to a Friday report from the Tasnim News Agency, lawmakers drafted a bill titled…
“# Bitcoin Mining Council survey estimates a 56% sustainable power mix in Q2 ” The global Bitcoin mining sector has reached a 56% sustainable power mix in Q2, according to estimates from a Bitcoin Mining Council (BMC) report. “Bitcoin mining uses a negligible amount of energy, is rapidly becoming more efficient, and is powered by…
“# Shanghai Man: Fight crypto like COVID-19 urges Global Times, hydro power plants popular … ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Flags and celebrations were the order of…
“# Blockware Mining raises $25 million to triple hash rate from Kentucky facility ” Blockware announced Thursday that they have raised $25M in a second oversubscribed fundraising round. They plan to use the funds to expand their bitcoin mining operations in Kentucky, and will also install 8,000 more bitcoin mining rigs on its Paducah campus,…
“# Kazakhstan to introduce new energy fees for crypto miners in 2022 ” As Kazakhstan becomes increasingly popular for cryptocurrency mining, the country’s president has signed a new law introducing an extra levy for crypto miners. President of the Republic of Kazakhstan Kassym-Jomart Tokayev recently signed last a new law that imposes an additional tax fee…
“# Crypto miner claims all major Yunnan operations shut down in advance of CCP anniversary ” Reports alleged that cryptocurrency miners in China’s Yunnan province may be out of commission for a day if not longer due to the Chinese Communist Party’s 100th anniversary celebration this week. According to Kevin Zhang, the vice president of…
“# Bitcoin’s evolving narratives make it antifragile ” Over the years, Bitcoin has been able to overcome naysayers by frequently reinventing its narrative. Because Bitcoin (BTC) is multifaceted, it is able to quickly change to confront new criticism. We have seen this over the years. For example, Bitcoin used to be frequently assailed by the…