In July, the proof-of-work (PoW) crypto mining algorithm Kheavyhash, used by the kaspa (KAS) crypto asset, held the top spot for profitability among consensus algorithms. Fast forward to today, and it’s the Blake3 algorithm that’s taking the lead, with alephium (ALPH) miners raking in an estimated $40.53 in daily profits… » …Read More
Vladimir Putin highlighted that Russia is examining the use of national digital currencies to implement an independent and supranational alternative payment system. However, he also outlined the intricacies of building such a platform, given the level of integration of major trading partners with the current financial system… » …Read More
Dagestan, a republic in Russia, is stepping up efforts to tackle illegal cryptocurrency mining due to its impact on the power grid and public safety. Underground mining operations have caused recent infrastructure damage, including a substation fire. Officials call for stricter measures to address these issues as miners bypass regulations… » …Read More
Gryphon Digital Mining has secured a deal to acquire Bitcoin mining operations with ultra low-cost power… » …Read More
Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave. Iranian authorities claim that unauthorized crypto mining has significantly strained Iran’s power grid, leading to widespread industrial disruptions. A bounty program has been launched to encourage citizens to report illegal mining operations… » …Read…
Marathon Digital Holdings announced a $250 million private offering of convertible notes to expand its bitcoin holdings. The Bitcoin mining firm aims to mimic MicroStrategy’s corporate bitcoin accumulation strategy… » …Read More
Analyzing the claim that Bitcoin mining was banned in China in 2021. The second report from the “FUD Fighters” series powered by HIVE Digital Technologies Ltd… » …Read More
Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the country yet and that there were over 400 MW in projects awaiting approval by the institution… » …Read More
Bitcoin’s 7-day average mining hashrate has hit a new all-time high above 667 exahashes per second during the Bitcoin 2024 conference, reflecting greater security and fundamentals… » …Read More
If you’re looking for something a little more substantive than a TLDR thread on X, this article is made for you. Much of the content below was the result of discussions with tradfi investors, crypto investors, Bitcoin founders, analysts, and mining executives… » …Read More