Mining

The National Development and Reform Commission of the People’s Republic of China has seized 10,100 cryptocurrency mining rigs from a government-operated tech park in Inner Mongolia. The operation marked the 45th such confiscation in that province. China against Crypto Mining Just a few days after it once again reminded that dealing with digital assets is banned within the country’s borders, the Chinese government (PBoC) seized mining equipment in the northern province of...

Bitcoin has been handed a major blow today, and again, it’s all thanks to China. As if it’s not bad enough that the country has sought to destroy the mining presence within its borders, regulators have now deemed all crypto activity – this includes transactions – illegal, and now it’s not just miners that aren’t welcome in China. Rather, no digital currency has any space in the country. China Says “No” to BTC China has long had a very complicated relationship with...

The second-largest ETH mining pool – Sparkpool – has announced that it has halted access to new users in Mainland China. Furthermore, the organization plans to abandon all of its services as of September 30th. Based in Hangzhou, China, Sparkpool is the second-largest Ethereum mining pool responsible for more than 20% of the total hash rate, as the picture below demonstrates. Ethereum Hash Rate Distribution. Source: EtherscanHowever, the company plans to seize all operations...

Universität Cambridge: Bitcoin Mining sorgt für 30'000 Tonnen Elektroschrott Nicht nur der Stromverbrauch ist beim Bitcoin-Mining enorm. Auch der dabei entstehende Elektroschrott erreicht laut einer Studie ungeahnte Dimensionen. Pro Jahr entstehen davon etwa 30.700 Tonnen, bestehend aus nicht mehr genutzten Rechnern. Sollte der Bitcoin-Kurs steigen, könnte sich diese Zahl in Zukunft zudem mehr als verdoppeln. Das Problem der Kurzlebigkeit...

The Chinese government is not holding back on its mission to stop all crypto activity in the country, and has continued to widen its crackdown against bitcoin and cryptocurrencies. Huobi Blocks New Chinese Users The intensified attacks have now forced Huobi, one of the major exchanges in the country, to suspend new user registration coming from China. Recall that crypto trading and mining crackdowns escalated in China on Friday after the nation’s central bank issued another...

CryptoCheck a publié il y a quelques jours une étude réalisée pour l’essentiel auprès des followers de Just Mining et de Cryptoast entre le 30 juillet et le 16 août 2021. Ayant analysé plus de 3000 réponses, le rapport final tente d’établir le profil des détenteurs de cryptomonnaies en France. On y apprend ainsi que les investisseurs sont essentiellement des hommes (96%) ayant fait des études...

Entretien avec Sébastien Gouspillou. « Nous vous avions déjà parlé du mining chinois avec Sébastien Gouspillou, cofondateur de BigBlock DataCenter, dans de précédentes vidéos. Aujourd’hui, nous faisons un point quelques mois après les annonces pour le mois fracassantes de la Chine. Ce vaste pays, qui comptait pas moins de 60% du mining de bitcoin, avait décidé de manière ferme et irrévocable d’interdire cette production industrielle de bitcoin sur son territoire. Ce coup d’éclat...

Well, here’s something that’s likely to anger a few environmentalists in the coming weeks. A new report issued by the New York Digital Investment Group (NYDIG) says that bitcoin and crypto mining are only likely to contribute to about 0.9 percent of global carbon emissions in the coming future. Crypto Mining Isn’t That Bad, According to New Report The topic of crypto mining has been a controversial one. Over the past several months, many high-ranking individuals with...

Following today’s events, Senator Pat Toomey says that the ongoing cryptocurrency crackdown in China is a considerable opportunity for the United States. Earlier today, reports revealed further regulatory pressure on cryptocurrencies in China. This time, the country seems to target mining and trading. Although not many of it was new, the announcement triggered a market-wide pullback, sending Bitcoin down to slightly above $40K. Senator Pat Toomey, representing the state of...

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