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Mining
Russian Crypto Mining Sector Could Grow ‘by 20-40%’ in 2024 – Report
The Russian crypto mining industry could grow “by between 20% and 40%” in 2024, a new report has claimed. Per the media outlet Overclockers, the claims came from industry insiders in a report from…
Bitmain-backed cloud mining company BitFuFu’s revenue up 150% in Q1
Bitcoin mining company BitFuFu has rolled out its financial report per Q1, showcasing a 150% increase in total revenue compared to Q1 2023. Bitmain-backed public cryptocurrency mining company…
Paraguay Gov’t Looks to Jail Illegal Bitcoin Miners for ‘Up to 10 Years’
The government of Paraguay will ask lawmakers to approve a bill that proposes jailing illegal Bitcoin (BTC) miners for up to 10 years. The presidential spokesperson Paula Carro told reporters on…
Miners need a Bitcoin use case to stick | Opinion
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The Bitcoin network’s security is based on the…
AntPool mines 7 consecutive blocks, ‘centralization trend’ continues
AntPool, the second-largest Bitcoin (BTC) mining pool, mined seven consecutive blocks on May 17, sparking worries within the cryptocurrency community about network security. This series of blocks…
Venezuela to shut down cryptocurrency mining farms
Venezuela’s Ministry of Electric Power announced it would disconnect all cryptocurrency mining farms from the national power grid (SEN, Sistema Electrico Nacional). The measure aims to control the…
Canaan Inc. Beats Revenue Expectations in Q1, Holds 1,057 BTC
Canaan Inc. (NASDAQ: CAN) reported its unaudited financial results for the first quarter of 2024, ending March 31. The company announced revenues of $35.1 million, exceeding its previous guidance of…
Bitcoin pool mines seven blocks in a row, raises security concerns
Antpool, the second-largest Bitcoin (BTC) mining pool, mined seven blocks in a row on May 17, raising security concerns. The seven-block sequence confirmed 20,686 transactions, rendering over 23 BTC,…
Russia Leads in Crypto Mining Capacity Growth, Surpassing US Rates
The Russian mining market is experiencing unprecedented growth. Experts predict that crypto mining volumes will increase by 20-40% by the end of this year. Local media Kommersant reports that Russia…
Antminer L9 Coming Soon: Will Change Litecoin and Dogecoin Mining?
Antminer L9 is coming, with a more powerful and energy-efficient way for Scrypt mining. This hashing algorithm is key for securing the Litecoin network, while also producing Dogecoin. Scrypt miners…