Blockchain Life Will Host the 10th Global Blockchain and Crypto Forum in Dubai
The 10th Global Forum on blockchain, cryptocurrencies, and mining – Blockchain Life 2023 takes place on February 27-28 in Dubai. The event is attended by key industry players, government representatives, heads of international companies and funds, investors, promising startup teams, and beginners. It’s noteworthy that the Forum is a meeting point for a premium crypto audience, including world Crypto Whales.
Russia Expands Its Crypto Mining Capacity, Report Reveals
The capacity of Russian mining farms has exceeded 500 megawatts (MW) at the end 2022, according to results from a poll among established industry players published by the business daily Kommersant. The beginning of 2023 sets them up for continued growth, on the backdrop of a crypto market recovery, but the expansion could potentially be limited by electricity tariffs and taxes for miners, executives said.
Bankrupt Miner Core Scientific Bitcoin Production Rose 5% in December
Bankrupt Bitcoin (BTC) miner Core Scientific saw its production rise by over 5% in December to 1,435 BTC from 1,356 BTC recorded in November, according to a Jan. 9 press statement. During this period, Core Scientific said its self-mining hash rate rose to 15.7 EH/s from 15.4 EH/s. Meanwhile, the miner added that its total hashrate as of December was 23.7 EH/s –this metric added the data centre services it provided to its customers. Core Scientific said its customers also saw their production rise to 931 BTC from 795 BTC. (cryptoslate)
Hut 8 Mining: 161 Bitcoin Mined in December, 3568 Bitcoin Mined in 2022
Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) ("Hut 8" or the "Company") one of North America's largest, innovation-focused digital asset mining pioneers and high-performance computing infrastructure provider, increased our Bitcoin holdings by 161 in the period ending December 31, 3,568 Bitcoin mined throughout 2022, bringing our total self-mined holdings to 9,086 Bitcoin.
Hut8, Riot, Marathon Increase BTC Holdings in November After Large Declines
Mining companies have been releasing their November production rates throughout the week. CryptoSlate analysts brought the numbers together and revealed that Hut8, Riot, and Marathon are the only ones who increased their BTC holdings in November.
New Evidence 52.2% of Bitcoin Network Uses Clean Energy
ClimateTech Vice Chair Daniel Batten’s recent analysis revealed that 29 mining companies constitute 16.48% of the whole Bitcoin (BTC) network and run on 90-100% clean energy. This percentage also shows that 52.2% of all BTC network use clean energy.
New York Man Pleads Guilty to $2 Million Crypto Mining Fraud
A New York man pleaded guilty on Tuesday to defrauding more than a dozen victims out of a collective $2 million as part of a long-running crypto mining scam.
First US State Where You Can No Longer Mine Crypto: Law Decoded, Nov. 21–28
The state of New York became the first one in the United States to impose a moratorium on proof-of-work (PoW) mining, albeit only for two years. Last week, New York governor Kathy Hochul signed the moratorium into a bill, prohibiting any new mining operations that aren’t based on 100% renewable energy. The renewal of licenses would also be frozen. In eight months, the anti-mining bill made its way from the first passing through the state Assembly to the governor’s pen.
Bitcoin Mining Giant Core Scientific Ended October with $32M in Cash
Core Scientific (CORZ), the world's largest publicly listed miner by computing power, ended October with $32.2 million in cash and 62 BTC ($975,000) and said it may run out of money before the end of the year.
Binance Pool Announces the Launch of Its Cloud Mining Service
The latest service release from Binance Pool has recently generated market-wide interest. The platform’s Cloud Mining service has been launched to facilitate user access to mining equipment.
