Tag Archives: crypto mining

Texas became a serious crypto mining hub about two years ago, and it looks like things are set to stay this way for some time. Despite a wide array of headwinds and problems the industry has been facing, Texas crypto mining has remained quite steady, and the Lone Star State is still being sought out by new companies and facilities. Texas Is Still the High-Ranking Crypto Mining Official Texas became a serious region for crypto mining beginning in the summer of 2021. The...

The federal government is looking to regulate crypto mining in the United States, and Wyoming Senator Cynthia Lummis isn’t happy about that. Cynthia Lummis Wants to Leave Crypto Mining Alone Since entering Congress in early 2021, Lummis (a republican) has widely been labeled as a friend to crypto given she’s invested in bitcoin before. She’s also developed a new bill that would carve out rules and regulations for establishing all future crypto bills in the U.S. in the...

Bitcoin mining firm Vortex Brands has announced a huge plan for expansion that would see its mining power increase significantly over the next several years. Vortex Brands Wants to Do More Mining To do this, Vortex has said it will put more money into its equipment and buy additional rigs. The goal is to up the amount of BTC extracted from the blockchain given the company believes the price of the world’s number one digital asset is sure to rise steadily in the...

A former employee at a high school in Cohasset has been arrested for running a secret crypto mining facility underneath the building that employed him. Nadeam Nahas – age 39 – served as the assistant facilities director at the high school in question, which remains unnamed at the time of writing. Nadeam Nahas Will Have to Explain Himself Initially, Nahas was just set to appear in a Quincy District Court to explain himself and the reasoning behind creating such an...

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...

Future Fintech Group Inc. – a developer of blockchain applications and a fintech services provider – has just finished building a new crypto mining center in the South American nation of Paraguay. Future Fintech Group Gives Way to Paraguay Crypto Mining Facility Xu Kai – the vice president of the Future Fintech blockchain division – expressed in an interview: I am very pleased that our FTFT Paraguay cryptocurrency mining farm has successfully deployed its first batch of...

Not long ago, the state of New York imposed a moratorium on crypto mining, thus barring any firms that did not fully rely on clean energy from entering its borders and setting up shop. Initially, the ban was set to last a total of two years, though now, local legislators are considering extending the ban. The New York Crypto Moratorium Could Be Extended A town board meeting has been put on the calendar regarding the moratorium in the region of Massena. Town supervisor...

It’s happened, folks. We’ve always known New York wasn’t crazy about cryptocurrency, but this new law its governor has recently passed clearly takes its dislike of the industry to a whole new level. The law will limit crypto mining within the state and guarantees safe passage only to firms that utilize green energy. New York Puts Limits on Crypto Mining The bill has been on the table for many weeks, though New York Governor Kathy Hochul has been slow to make a clear...

Canaan – a large manufacturer and distributor of bitcoin and crypto mining equipment – has seen its profits and revenue plunge over the course of the last several months. Thus far, net income for the company has dipped roughly 88 percent in 2022, and the company has only made a little more than $8.5 million for the year. Canaan Isn’t Doing So Hot The mining sector has been suffering heavily as of late, partly because prices are going down, but also because electricity...

Heat Bit – a company that recently launched a personal heater to be sold to customers – has announced that its product comes with a twist… It’s the first personal heater out there designed to mine bitcoin. Heat Bit Keeps You Warm… and Wealthy Heat Bit initially launched a Kickstarter campaign for the device last year. After getting all the proper safety licenses in place and making the money it needed, the product was unveiled last October and is now available for...