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Tag Archives: crypto mining

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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How a Texas Crypto Mining Facility Stayed Under the Radar

A crypto mining facility in Wichita Falls (part of Clay County, Texas) has been active for some time. The funny thing is that nobody seemed to notice it. Texas Is a Big Crypto Mining Haven The mining facility has been extracting bitcoin and other forms of digital currency for several months. Judge Mike Campbell once joked that there were more cows than people in the area that the mining facility had made its home in. Developed by Dexa Resources, the company is taking...

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Could BTC Switching to a PoS Module Solve Its Mining Issues?

Experts are saying that a simple switch in the bitcoin code would be enough to make the crypto mining process a lot safer for the planet. Mining Arguments Continue to Permeate the Space The arguments surrounding crypto mining have raged for years. While many say that crypto mining really doesn’t use as much energy as environmentalists think, others say the process is very damaging and will ultimately cause the planet to turn an irreversible corner. Men like Elon Musk,...

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Brenham, Texas Is Scaling Back Energy for Crypto Mining

The city of Brenham in Texas has always been a major crypto mining hub. Many residents have taken to crypto mining as a hobby or as a means of earning extra funds. They do not employ expensive machines or have large warehouses filled with mining rigs to do this. Instead, they just do it out of their own homes, a testament to how loose the city has been with its regulations. Brenham, Texas Is Scaling Back Crypto Mining Energy Usage However, it looks like the city of...

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ExxonMobil Is Getting Involved in Crypto Mining

ExxonMobil – one of the biggest gas and diesel providers in the United States – is taking a page out of the ConocoPhillips book and is looking to mine bitcoin in North Dakota. ExxonMobil Seeks to Use Natural Gas to Mine BTC This is a testament to how big crypto mining has become in America. Not long ago, ConocoPhillips – a major provider of gas and oil – announced that it would be selling excess energy to mine the world’s number one digital currency by market cap. Now,...

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The EU Votes to Keep Crypto Mining in Place

It looks like bitcoin and crypto fans in countries that are part of the European Union (EU) can breathe a sigh of relief today as the continental organization has voted against banning bitcoin mining and proof of work (PoW) modules. The EU Says “Yes” to BTC Mining Not long ago, Live Bitcoin News reported that the EU was looking to potentially end all crypto mining projects within its borders, citing environmental concerns. Finnish Parliament member Eero Heinaluoma was...

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Bit Nile Holdings Establishes Crypto Mining Department

Diversified holding company Bit Nile Holdings, Inc. is creating a whole new division called Bit Nile Mining Solutions that will focus on self-mining bitcoin. Bit Nile Looks to Be a Crypto Mining Solution for All The company is looking to establish partnerships with assorted crypto and blockchain firms such as Bitmain so it can engage in all aspects of crypto mining such as the distribution of equipment, hosting and managing electrical power, repairing miners and...

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Malaysia Is Losing Power to Illicit Crypto Miners

People are stealing energy in Malaysia. Why? Because they’re looking to get rich through crypto mining, and now the national utility company in charge of electricity use has a few ideas it’s working to implement that will purportedly combat this growing crime wave. Malaysia Looks to Stop the Theft of Its Energy The company – known as Tenaga Nasional Bhd. – says it’s looking to impose a new tariff on bitcoin mining operators. The idea is to ensure that nobody can get away...

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NVIDIA Data Held Hostage by Hackers Who Want to “Help” Crypto Miners

Technology company NVIDIA has received a rather odd request from a group of hackers calling themselves Lapsus$. The organization is asking that the company make their graphics cards capable of mining faster. If NVIDIA does not comply, the hackers will release the over one TB of data they’ve allegedly stolen. NVIDIA Has Gotten an Odd Request Normally, hackers have much more malicious intent when they engage in taking over a network or system of some kind. Never was this...

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