Source: Oksana/Adobe Russia’s trade ministry says it has developed a tool that can help crypto miners evade Western sanctions. In a DumaTV post on the RuTube video-sharing platform, lawmakers explained that the Ministry of Industry and Trade had “developed a tool for conducting industrial mining activities.” The tool, they said would “help [Russian] businesses make…
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The mismatch between the demand and supply of graphics processing units (GPUs) is potentially stifling artificial intelligence (AI) innovation, Tory Green, the COO of the decentralized GPU cloud service provider io.net, has said. According to the COO, this mismatch stems from the fact manufacturers cannot build new supplies quickly enough to match the growth in…
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America’s securities regulator has been urged to decide if it will approve a plan to transform Celsius Network into a bitcoin mining firm. The proposal seeks to repay customers of the bankrupt cryptocurrency lender with both crypto assets and stock in a new publicly traded mining entity. New York Judge Hopes for Expedited SEC Decision…
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Source: Deno/Adobe A senior Russian politician has claimed that lawmakers want to bar private citizens from mining crypto – but will allow industrial miners to operate. The comments came from Anton Tkachev, the Deputy Head of the State Duma’s Committee on Information Policy, Information Technologies, and Communications, in an interview with the Parliamentary Gazette. Tkachev…
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While Bitcoin takes a pause, investors are contemplating other altcoins as well as crypto presales in search of the best crypto to buy now. Image by cryptonews.com Bitcoin is experiencing a marginal dip today after having consecutive green closes for nearly a week. While Bitcoin takes a pause, investors are contemplating top options such as…
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Crypto mining rig manufacturer Bitmain plans to release a new Antminer supporting the proof-of-work (PoW) blockchain network Aleo. The announcement comes after Bitmain’s recent launches of filecoin and kaspa machines and the company’s latest series of bitcoin miners. Aleo’s L1 Blockchain to Get Bitmain Mining Support According to a recent Bitmain post, the company intends…
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The apparent centralization in both proof-of-work and proof-of-stake protocols is “tragic because it’s antithetical to the cypherpunk ideals” that birthed the the bitcoin and blockchain movement, Tomer Afek, the CEO at the crypto platform Spacemesh, has argued. To back this assertion, Afek told Bitcoin.com News that only two Bitcoin mining pools control more than 50%…
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A senator from the US state of Arkansas is seeking answers from the governor’s office as there is an increase in the outcry over unwanted cryptocurrency mines in small towns across the state. Residents of Mountain Pine have complained over “freaking loud” noise from a new crypto-mining facility in Garland County, according to a local…
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On October 16, 2023, Bitcoin’s difficulty impressively crossed the 61 trillion mark at block height 812,448, setting a fresh benchmark for the network. This ascent marked the fourth-largest rise in difficulty for the year. Yet, in the face of this increase, the hashrate has steadily and unflinchingly risen. Bitcoin’s Difficulty Explodes to 61 Trillion, Hashrate…
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In a disclosure on Wednesday, bitcoin mining entity Cleanspark has reserved 4.4 exahash per second (EH/s) of Bitmain’s latest S21 Antminers. The mining company, recognized on the public market, detailed that the consignment is valued at approximately $61.6 million, translating to $14 for each terahash per second (TH/s). Cleanspark Amplifies Mining Capabilities, Snags 4.4 EH/s…
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