Tag: mining
Bitfarms May Default on BlockFi Loan
Reading time: < 1 minuteMining firm Bitfarms has just said that it is seeking better terms in order to be able to repay the balance of a $20 million loan from blockchain lending platform BlockFi.
Cryptocurrency Miner Core Scientific Plans to Cut Power to 37K Celsius Miners
Reading time: < 1 minuteCryptocurrency miner Core Scientific has plans to cut off power to 37,000 mining rigs Celsius has not yet paid.
Bitcoin Hashrate Recovers After Falling by Almost 40%
Reading time: < 1 minuteThe Bitcoin hashrate fell by about 38% due to the mass blackout of US miners from the network last week.
British Columbia’s State Energy Company Suspends Applications to Connect Miners for 18 Months
Reading time: < 1 minuteBritish Columbia’s state-owned energy company BC Hydro will suspend accepting applications for connecting new BTC and other digital asset mining enterprises for 18 months.
Crypto Miner Bitmain Launches ASIC Miner for Handshake Mining
Wikimedia
Reading time: < 1 minuteBitmain has sold out a batch of Antminer HS3 devices in 27 seconds to mine the Handshake token.
Cryptocurrency Mining Firm Core Scientific to File for Bankruptcy
Reading time: < 1 minuteMining company Core Scientific will file for insolvency under Chapter 11 of the US Bankruptcy Code.
Paraguay Will Not Reduce Energy Prices for Crypto Miners
Reading time: < 1 minuteParaguay has previously been considered by a lot of crypto miners as a country where they could mine crypto using cheap electricity.
BTC Mining Difficulty Falls By More Than 7%
Reading time: < 1 minuteThe difficulty of mining a Bitcoin has decreased by 7.32%, to 34.24 T following the latest recalculation.
Core Scientific’s Losses Exceed $400M in Q3
Reading time: < 1 minuteThe firm posted a third-quarter loss of $434.8 million.
New York Imposes a Two-year Moratorium on Crypto Mining
Reading time: < 1 minuteNew York Governor Kathy Hochul yesterday signed into law a moratorium on mining cryptocurrencies using electricity generated from carbon sources.
