Category : Crypto Mining News

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Dorsey’s Block Unveils Pioneering 5nm Bitcoin Mining Chip for Decentralized Future

Mridul SrivastavaMay 1, 2023

by Mridul SrivastavaMay 1, 20230

Former Twitter CEO Jack Dorsey’s Block has successfully developed a prototype of a groundbreaking 5nm Bitcoin mining chip. This innovative move aims to decentralize the...

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Study Shows Bitcoin Mining’s Climate Damage Is Comparable to that of Beef and Fossil Fuels

Mridul SrivastavaOctober 1, 2022

by Mridul SrivastavaOctober 1, 20220

In a recent study published in Scientific Reports, researchers report bitcoin’s environmental effects are similar to those of well-known pollutants such as cattle ranching and...

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Kazakhstan president signs law increasing crypto miners’ tax burden

Mridul SrivastavaJuly 13, 2022

by Mridul SrivastavaJuly 13, 20220

Tax rates for cryptocurrency miners have been raised after President Kassym-Jomart Tokayev’s signing of a measure modifying Kazakhstan’s Tax Code. The fee will be calculated...

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Big News: New York State Assembly Bans Bitcoin Mining

Mridul SrivastavaApril 27, 2022

by Mridul SrivastavaApril 27, 20220

The Bitcoin News Twitter page Bitcoin Archive recently broke the news that the New York State Assembly has passed a bill banning Bitcoin mining. It...

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World’s 2nd largest mining hotspot Kazakhstan extends Cryptocurrency Miners’ Power Cuts

VanshitFebruary 4, 2022

by VanshitFebruary 4, 20220

The local utility has prolonged power cuts for miners, so cryptocurrency farms in Kazakhstan will stay unplugged until February 7. The corporation cites persistent electrical...

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Intel is planning to make a Bitcoin mining chip

VanshitJanuary 21, 2022

by VanshitJanuary 21, 20220

Intel has announced its intention to enter the Bitcoin mining sector. This does not imply that they are going to establish mining farms, but it...

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Multichain‌ ‌hacker‌ ‌receives‌ ‌322‌ ‌ETH‌ ‌in‌ ‌ exchange‌ ‌for‌ ‌a‌ ‌huge‌ ‌finder’s‌ ‌fee‌

VanshitJanuary 21, 2022January 21, 2022

by VanshitJanuary 21, 2022January 21, 20220

Multichain was recently hacked in the past couple of days, and $3 million were stolen due to a security vulnerability. One of this week’s Multichain...

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Bitcoin miner secures reward of $266K after adding a block to the network

SnehaJanuary 14, 2022

by SnehaJanuary 14, 20220

Only with a hash rate of just 126 terahertz per second (TH/s) a single Bitcoin (BTC) miner successfully add a new block to the Bitcoin...

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Jack Dorsey is establishing a Bitcoin Legal Defense Fund (BLDF) to provide legal help to miners

SnehaJanuary 14, 2022

by SnehaJanuary 14, 20220

Jack Dorsey, creator and preceding CEO of social media platform Twitter, recently announced plans to create a “Bitcoin Legal Defense Fund” His board member will...

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Cryptocurrency – harm or good for the environment

AhmadAugust 17, 2021

by AhmadAugust 17, 20210

Accusations that mining is harmful to the environment have not decreased. Cryptocurrency mining requires a huge amount of electricity. The consumption, in this case, is...