Tag: Mining

Belarus president orders development of crypto mining

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Belarus President Alexander Lukashenko has instructed his energy minister to begin developing the country’s cryptocurrency mining industry, signaling a growing intent to generate additional revenue streams from the country’s excess energy supplies.  According to a March 4 report by local media outlet BelTA, President Lukashenko passed on the instructions to the newly appointed minister of energy, Alexei Kushnarenko. “Look at this mining,” Lukashenko said, according to a translated version of the report. “If it is profitable for us, let’s do it. We have excess electricity. Let them make this cryptocurrency…

Russian Bitcoin Mining Ban Yielding Results in Siberia

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The bitcoin mining ban imposed by Russian authorities has helped reduce the load on the Siberian power grid, thereby avoiding potential power rationing and restrictions necessary to preserve the region’s outdated energy infrastructure. Ministry of Energy: Russian Bitcoin Mining Ban Already Positive For Siberia While controversial at first, the ban on bitcoin mining that the […] Original

Bitcoin mining sector expands as ASIC count surged 7% in 2024: report

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By early 2025, Russia’s Bitcoin mining capacity had topped 11 GW, but only around 3 GW was reportedly used by legal miners. Bitcoin (BTC) mining sector in Russia grew in 2024 as the number of mining farms rose 7% to 136,600, Russian newspaper Kommersant reports, citing data by MTS EnergyTool. As of January 2025, total mining capacity in the country had crossed 11 GW. Moscow accounted for about 9% of the farms, while the surrounding Moscow region had 8%. Irkutsk remained the top mining hotspot, hosting over 10% of the…

MARA Holdings Acquires Texas Wind Farm to Power Bitcoin Mining

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Bitcoin miner MARA Holdings Inc. acquired wind farm in Hansford County, Texas, to power its operations with renewable energy, reduce costs, and extend the life of its application-specific integrated circuit (ASIC) bitcoin mining hardware. Wind Energy Boosts MARA’s Renewable Bitcoin Mining Operations Located in Hansford County, the wind farm offers 240 megawatts of interconnection capacity […] Original

Uminers to Partner with Ledger, Elevating Security and Previewing a Zero-Interest Mining Loan Program

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The collaboration will offer miners an institutional-grade self-custody solution via Ledger Enterprise, empowering them with cutting-edge hardware and robust digital asset protection. A successful pilot of a forthcoming zero-interest loan program is also underway. February 19, 2025, Hong Kong — Uminers, a leading distributor of cryptocurrency mining equipment and pioneer in turnkey mining solutions, today announced an upcoming strategic collaboration with Ledger, the world leader in digital asset security for consumers and enterprises. This collaboration will leverage Ledger Enterprise’s self-custody platform for corporations to further enhance the security and scalability…

Russian Power Company Reports $14 Million Loss Due to Illegal Crypto Mining

Russian power company Rosseti suffered over $14 million in losses in 2024 due to illegal crypto-mining operations, which have led to network congestion, equipment damage, and criminal investigations. Unauthorized Crypto Mining Results in Heavy Losses For Rosseti Russian electricity provider Rosseti has reported $14 million (1.3 billion rubles) in damages from illegal cryptocurrency mining in […] Source CryptoX Portal

US-regulated YMCrypto launches free Bitcoin and Dogecoin cloud mining service

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. YMCrypto launches free cloud mining, allowing users to earn Bitcoin, Dogecoin, and Litecoin. In 2025, cryptocurrency enthusiasts no longer need to choose between holding their favorite altcoins and earning Bitcoin or Litecoin. YMCrypto, the premier free cloud mining platform, empowers users to generate daily passive income from Bitcoin (BTC), Dogecoin (DOGE), Litecoin (LTC), and other altcoins — all without selling existing holdings or navigating the complexities of traditional mining. …

MARA finishes acquisition of Texas wind farm for Bitcoin mining

MARA Holdings, Inc. has completed its acquisition of a wind farm in Hansford County, Texas.  The wind farm has 240 megawatts of interconnection capacity and 114 MW of wind power. The newly acquired site will use repurposed ASIC mining hardware that would have otherwise been retired or sold.  By powering the machines with 100% renewable energy, MARA aims to reduce operational costs while preventing excess energy from being curtailed. The facility’s wind power comes with zero marginal cost, helping the company improve Bitcoin (BTC) production efficiency. “With this added renewable…

Korea to lift corporate crypto ban, beware crypto mining HDs: Asia Express

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Seagate Chia-gate An investigation by German news outlet Heise has revealed a growing number of complaints from customers claiming their brand-new Seagate hard drives are actually used. The outlet suspects these drives may have been recycled from Chia mining farms in China and resold as new. Seagate reportedly told Heise that these used drives are being resold through unofficial markets, not by its authorized distributors. Chia mining gear from Chinese farms reenters the market as new Seagate products. (Benjamin Lehman) Chia farming, introduced by the Chia Network in 2021, was…

US border patrol continues to seize Bitcoin mining equipment: report

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U.S. Customs and Border Protection is continuing its seizure of Bitcoin mining equipment at U.S. ports. The ASIC miners are reportedly being detained at U.S. ports of entry at the request of the Federal Communications Commission. According to documents reviewed by Blockspace and sources familiar with the matter, the agency has expanded its detainment efforts to include MicroBT and Canaan units. The latest seizures escalate CBP’s previous actions against Antminer S21 and T21 units, which were reportedly detained due to AI chips from trade-restricted supplier Sophgo. Now, the agency is…