Mining

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Increasing electricity costs and a decline in digital asset prices coupled with high mining difficulty in the fourth quarter slashed mining profit margins and made it difficult for miners to stay afloat. Chinese crypto mining rig maker – Canaan – reported a mining revenue of $10.5 million in the fourth quarter, representing an increase of 16.3% from the previous quarter. It was also up by a staggering 368.2% compared to the same period in 2021. But the bigger picture tells a...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Through a series of letters to federal agencies, those in charge in the United States have stated that they believe they have the authority to force crypto mining firms to produce information about how much energy they use and how many greenhouse emissions they create. Are Mining Companies in Trouble? The United States has become something of a “safe haven” for crypto mining companies in recent years after regions like China have imposed bans on mining activities. There...

Riot Blockchain – one of the largest and most recognized crypto mining facilities in the world – reported that January was its best month to date in terms of crypto extraction. The company says it was able to pull as many as 740 BTC units from the blockchain two months ago, the most it’s ever done. Riot Blockchain Saw Its Mining Figures Reach Sky High This is good news in that everything we’ve heard ever since the midway point of 2022 suggests mining has become much...

The Colorado-based bitcoin miner – Riot Blockchain – reported a total revenue of nearly $260 million for 2022, a 22% increase compared to 2021. It mined 5,554 BTC and boosted its hash rate capacity to an all-time high of 9.7 EH/s. The positive results come in spite of the devastating bear market that reigned during the bigger part of the year, and Riot’s shrunk production levels in the summer due to a heat wave.  Against All Odds Riot produced 46% more bitcoin in 2022 than in...

Universal Basic Asset (UBA Finance) has attracted a lot of user attention, so is it worth your time? There are nearly 10,000 people mining online for free every day. How much profit can he bring you? In the cryptocurrency industry, people get rich every day, and people get huge airdrops every day, just because they pay attention to some projects in advance and spend some time understanding and participating in them. Universal Basic Asset (UBA Finance) has recently been...

Coffeezilla – the popular YouTuber and “Internet Detective” covering crypto scams – is now accusing the mixed martial arts legend Khabib Nurmagomedov of “scamming” his followers with NFTs.  The former UFC lightweight champion said his new collection will give fans access his his “private club,” while enabling holders to mine Bitcoin.  Khabib’s NFT Collection Nurmagomedov launched his NFT collection in partnership with GoMining, for whom he became an ambassador in October...

Two 37-year-old Estonian citizens named Sergei Potapenko and Ivan Turogin have been arrested after potentially defrauding hundreds of thousands of people in an alleged crypto scheme. The money lost at the time of writing is believed to exceed $575 million. Two Estonian Men Arrested for Crypto Fraud The scheme involved several false rental contracts, along with a fake bank and a crypto mining facility. The pair tricked customers into engaging in equipment rental contracts...

Das sind die Mining-Geräte, welche im Keller der Schule gefunden wurden. Im US-Bundesstaat Massachusetts wurde eine Mining Farm in einem Belüftungskeller einer Schule gefunden, wie der IT Security Blog The Register berichtet. Das Problem war allerdings, dass der Strom für das Mining von der Schule illegal abgezwackt wurde. Der Keller selber war nur schwer zugänglich und ohne die hohe Stromrechnung wäre die Mining Farm wohl nicht aufgeflogen. Strom...