Tag Archives: crypto mining

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...

Ahmad Abu Daher is only 22 years old, yet he’s already making a handsome living as a bitcoin miner in his home country of Lebanon. Ahmad Abu Daher Is Doing Well as a Miner Daher runs a whole team and has been doing so ever since he graduated from university. He entered a world that was wrought with financial ruin, as Lebanon is currently dealing with the full collapse of its financial system and hyperinflation. He says he and his fellow miners work around the clock to constantly be adding...

Core Scientific – one of world’s biggest publicly traded crypto mining firms – has announced it is considering bankruptcy protection as its stock has fallen by over 90 percent since the beginning of the year. The company has also stated it’s not likely to make any upcoming debt payments. Core Scientific Says It’s Thinking About Bankruptcy Core Scientific has been in trouble for some time. Not long ago, the firm mentioned it was going to release more than ten percent of its staff as a means...

The crypto mining scene has been in a terrible state of disarray over the past few months, but there appears to be an answer in a platform called Maple Finance. Maple Finance Is Trying to Aid the Mining Community The digital currency mining scene has been falling into the doldrums as of late. With assets like bitcoin losing more than 70 percent of their values since hitting new all-time highs last November, it seems it’s becoming much more expensive to mine crypto, and...

Canaan Inc. – one of the largest digital currency mining companies in the world – is unveiling its new crypto mining machine known as the Avalon Made A13 series. Canaan Inc. Is Introducing a New Type of Mining Machine The machine is powered by ASIC technologies and will come in two separate forms. The first is Model A 1346, which features a hash rate of more than 110 TH/s. The second, known as Model A 1366, boasts a hash rate that exceeds 130TH/s. Both machines feature...

Binance – the world’s largest and most powerful digital currency exchange – is pulling back the curtain on a new $500 million crypto mining lending pool so miners and new projects have access to the funds and liquidity they’ll need to extract new units of crypto from the blockchain to be placed in circulation. Binance Is Trying to Help Crypto Miners Known as the “Binance Pool,” those taking part in the project and borrowing funds will have access to loans with terms...

Argo Blockchain – a top crypto mining firm in London – has raised more than $27 million. The company garnered the funds after agreeing to sell about 87 million stock shares to a single investor. Argo Blockchain Makes a Lot of Cash The move is interesting, to say the least. During a time when most crypto mining companies aren’t doing so well – with the price of bitcoin falling so drastically, for example, it’s been said that the costs of mining crypto outdo the rewards...

Over the past year or so, the state of Texas has become one of the go-to regions for people looking to either establish new crypto mining projects or continue what they’ve already started. Several months later, it doesn’t look like that trend is ending anytime soon. Texas Is Still a Mining Powerhouse Things began in the summer of 2021 after China announced it was going to end all crypto mining projects and dub them illegal. The news was shocking given the country hosted...