Mining

[PRESS RELEASE – Las Vegas, Nevada, 21st July 2021] iM Intelligent Mining (iM), a provider of environmentally responsible energy solutions for powering cryptocurrency mining operations, has announced the conclusion of a $2.5 million financing round. iM didn’t name entities involved in the growth funding round, but the list of investors included several prominent individuals and crypto funds. Looking to seize on the moment, iM revealed plans to launch its first mining facility...

With China suddenly exiting the bitcoin mining space, it looks like many other companies in regions such as Canada are beginning to take over. China Is Saying “Good Bye” to BTC Mining China has been adamant about ending its bitcoin mining presence over the past few weeks. Beijing recently issued a notice to all mining companies that to become a greener nation, all crypto extraction projects would no longer be allowed within the country’s borders. Thus, if they wished to...

Amidst the clampdown on Bitcoin miners from China, the difficulty rate drops to nearly half of the latest peak in May 2021.Mining a Bitcoin keeps on getting more facile, with yet another plunge in the mining difficulty index. Over the weekend, Bitcoin has seen a 4.81% drop, with a revision to 13.67 trillion.According to BTC.com, the fresh update on the difficulty accommodation materialized at block 691,488, diminishing from 14.4Tr to 13.7Tr. This position is the bottommost level in 18months....

Nearly 70% of current bitcoin holders are prepared to endure a massive price crash that drives the asset to below $3,000, showed a recent poll conducted by VanEck’s Director of Digital Assets Strategy – Gabor Gurbacs. HODLers Mentality Confirmed? It’s safe to say that the price of bitcoin has suffered severely in the past three months or so. It was in late Q1 and early Q2 this year when the cryptocurrency was flying high, registering new records almost daily. It all...

Bitcoin’s network went through another negative mining adjustment in the past 24 hours, with a decrease of nearly 5%. With this one, the world’s largest blockchain has registered its worst streak of four consecutive difficulty declines for the first time in roughly ten years. Four in a Row for Bitcoin The BTC blockchain has the ability to readjust itself depending on the number of miners currently putting their computational devices to work. Essentially, the network either...

China’s crackdown on crypto mining has got digital analysts everywhere worried. According to many figureheads in the digital currency space, the prices of assets like bitcoin and Ethereum are about to crack even further given how far China has gone in banning BTC and crypto mining from its territories. China Takes More Action Against Mining China has always had a mixed relationship with cryptocurrencies. In the past, the nation has taken a stance against both crypto...

Energy Harbor Corp. has announced that it will partner with a firm known as Standard Power over the next five years to provide carbon-free, clean energy from its nuclear sources to ensure Standard Power can mine cryptocurrencies without leaving a heavy mark on the environment. Standard Power will begin utilizing this type of electricity by the end of this year. Standard Power Seeks Green Methods of Extracting BTC Bitcoin and cryptocurrency mining has been at the center...

In another interesting development in Brazil, an asset management firm based in the country, Hashdex, is planning to launch a Bitcoin ETF whose goal is to combat the environmental concerns that come with Bitcoin mining.Brazil does not appear to be dropping the ball when it comes to groundbreaking decisions in the crypto space. The Latin American country’s Securities Commission (CVM) has approved the first Ethereum Exchange Traded Funds (ETF) in the region. This news about Ethereum comes...

The largest Ethereum whales have taken advantage of the recent slump of ETH’s price and bought more. As a result, the top ten wallets now own over 20% of the asset’s total supply, says on-chain data. Top 10 ETH Accounts Own More Than 20% of Supply By examining the behavior of the top ten largest ETH addresses, the analytics resource Santiment outlined their selling and accumulation phases in the past few months. In fact, they had taken profits in mid-May as the asset’s price...

CryptoUniverse, one of the leaders of the cloud mining industry, has announced a partnership with Binance as part of the rollout of a new mining program. The new mining program allows users to team up to purchase collective mining contracts and share in the rewards. Launched in 2017, CryptoUniverse has long been a mainstay of the global cloud mining scene. The mining center that houses the project is located in the Karelian Republic in northern Russia where it has access...