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Tag Archives: crypto mining

Crypto Miner Core Scientific Forced to Release Staff

Crypto mining company Core Scientific has announced it is reducing its staff by roughly ten percent and that it’s devaluing the value of its assets as the crypto space continues to suffer at press time. Core Scientific Forced to Lay Off Staff This has been a common theme in the crypto space as of late. Many companies, including big-name exchanges like Gemini in New York and Coinbase have been forced to make serious cutbacks and lay off several staff members so they can...

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Energiekrise bremst Crypto Mining aus

In Deutschland ist das Crypto Mining ohnehin wenig profitabel. Doch durch den explosionsartigen Anstieg der Energiekosten in den letzten Wochen kam es weltweit zu großen Verschiebungen des Mining-Marktes. Crypto News: Energiekrise bremst Crypto Mining ausErst im letzten Jahr erlebten Crypto Miner mit dem Verbot des Minings in China eine intensive Herausforderung. In vielen chinesischen Provinzen wurde das Crypto Mining komplett verboten, so dass China als der führende Mining-Markt seine...

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China Remains a Big Player in Crypto Mining

Despite what appears to be an ongoing hatred for bitcoin and endless attempts to rid itself of the world’s number one digital currency by market cap, China still holds a rather strong position in the crypto market. China Still Hosts a Lot of Mining Just over a year ago, China shocked the world by announcing that it was going to end all bitcoin and crypto mining operations within its borders and it declared the process of extracting units from the blockchain illegal. The...

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Heatwave Causes Texas BTC Miners to Slow Down

There is a rapid heatwave spreading through the state of Texas. This means everybody’s air conditioning units are going to be on, and electricity is going to be short. As a result, crypto miners in the Lone Star state are expected to shut down here and there to at least calm their operations for a while. Texas Is the Crypto Mining Hotspot Texas, for the past several months, has caught the eye of crypto miners across the globe. Not only does the region offer vast amounts...

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New York Governor Seeks to Close Bitcoin Mining Firm

Kathy Hochul – the governor of New York – and her administration is moving to shut down a crypto mining operation in the Finger Lakes, claiming it is creating too much pollution. New York Has Suddenly Become So Anti-Crypto In a recent statement, DEC commissioner Basil Seggos explained: We are applying a new law to a new operation which had significant increases in emissions, almost tripling emissions. The company itself was unable to demonstrate that it could come into...

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New York Suggests Two-Year Moratorium on Crypto Mining

The state of New York has introduced a new bill that if passed, would officially end all future proof of work (PoW) mining operations that want to call the Empire State home. New York Could End Crypto Mining for a While Right now, the bill is being discussed by the New York State Assembly in Albany, the region’s capital. The bill calls for a moratorium of not less than two years on all crypto mining operations within the state’s borders. The idea is to further study the...

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Dorsey, Saylor and Others Pen Letter Claiming Crypto Mining Isn’t Damaging the Planet

Several bitcoin advocates – including Jack Dorsey of Twitter fame, Tom Lee from Fundstrat, and Michael Saylor (the CEO of MicroStrategy) – have penned a letter to congressional democrats who are asking that the Environmental Protection Agency (EPA) examine the effects of crypto mining on the planet. Crypto Mining Isn’t the Monster Everyone Thinks It Is The letter is aimed at getting these democrats to rescind their order to have the agency look at the emissions of said...

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How Eric Taing Went from Real Estate Investments to Crypto Mining

Eng Taing is a real estate investor who loves making money. So much so that he’s now getting into crypto. Aside from putting his money into the housing market, he’s now established a new crypto mining firm consisting of about 261 machines. Eng Taing Has Set Up a Successful BTC Mining Firm In a recent article, Taing says that while crypto isn’t necessarily his first love, he sees the industry has a lot of potential. Thus, he wants to be in on the wealth secrets that the...

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US Issues New Sanctions Against Crypto Miners in Russia

The United States is imposing more sanctions on Russia for its alleged involvement in the Ukraine invasion. The country is now saying it will penalize all crypto miners who seek to assist Russia in evading the present regulations set forth by the U.S. and its allies. Russia Is Getting Hit Again The United States has long been at it with Russia. The country potentially invaded Ukraine back in February despite many attempts from the U.S. and other countries to dissuade it...

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Crypto Mining Companies Strive to Utilize Renewable Energy

Several crypto mining firms are trying very hard to transition to renewable energy. Crypto Mining Energy Sources Are Still Points of Heavy Arguing The arguments surrounding crypto mining have been permeating the space for years. While there are some analysts and industry heads out there who claim the space is not as damaging to Earth’s atmosphere as one would think, there are many environmentalists who claim otherwise, no matter what’s thrown at them. It also doesn’t...

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