Tag: Mining

count Bitcoin mining as an official Russian export

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A senior Kremlin adviser wants Russiaโ€™s crypto mining classified as an export, arguing tens of thousands of Bitcoins and import payments must be reflected in trade data. Summary Kremlin aide Maxim Oreshkin says mined crypto effectively flows abroad and should be recorded as an export impacting Russiaโ€™s balance of payments and FX market.โ€‹ Industry leaders estimate Russian miners produced about 55,000 BTC in 2023 and roughly 35,000 BTC in 2024, with daily income near 1 billion rubles.โ€‹ Russiaโ€™s legal mining regime includes registration, tax rates up to 25% for firms,…

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A Bitcoin miner won a prize of $235k in BTC while participating in HMining mining

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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. A miner earned $235k through HMining, drawing fresh attention to the cloud mining giantโ€™s growing global footprint. Summary A miner earned $235k in BTC on HMining, boosting global interest in the platformโ€™s high-efficiency cloud mining services. The London-based cloud mining firm has expanded its eco-friendly, secure mining solutions, serving millions across 100+ countries. HMining has launched a new cloud-mining contracts as demand grows, offering users upgraded hashpower and simplified…

Canaan, SynVista to link Bitcoin mining with AI-optimized renewable energy

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Canaan and SynVista plan an AI-driven platform that matches Bitcoin mining to surplus renewable power and tokenizes energy, carbon savings, and mining yields on-chain. Summary Platform uses AI scheduling to align Bitcoin hash-rate demand with real-time renewable energy availability while limiting grid stress.โ€‹ Energy output, carbon savings, and mining yields will be tokenized to create verifiable data and enable securitization of green-power assets.โ€‹ Initiative targets Bitcoinโ€™s energy footprint, aiming to use stranded renewables and improve transparency and liquidity in renewable energy investment. Canaan, a Bitcoin mining and hardware company, announced…

Bitcoin Mining Difficulty Projected To Rise in December After Brief Drop

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The Bitcoin (BTC) mining difficulty is projected to increase during the next difficulty adjustment scheduled for December 11, as hashprice, a critical metric that measures expected miner profitability per unit of computing power, sits at record lows.ย  Bitcoinโ€™s next mining difficulty adjustment is expected to occur at block 927,360 at aboutย 12:09:34 AM UTC, marginally increasing the difficulty from 149.30 trillion to 149.80 trillion, according to CoinWarz. The most recent adjustment, which occurred on Thursday, decreased the difficulty from 152.2 trillion to 149.3 trillion, resulting in an average blocktime of about…

Why Chinaโ€™s Bitcoin mining activity is surging after a 4-year crackdown

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From dominance to ban: The 2021 crackdown Before 2021, China controlled a large share of global Bitcoin (BTC) mining. Data from the Cambridge Bitcoin Electricity Consumption Index shows that Chinese miners produced about 65% of the worldโ€™s Bitcoin computing power in 2020. In 2021, the Chinese government moved to stop mining activity. Authorities cited concerns about financial risks, capital outflows and the high electricity use required for mining. In September 2021, the Peopleโ€™s Bank of China declared all cryptocurrency transactions illegal and confirmed the nationwide ban on mining. The immediate…

The BEST Home Miner for Mining BITCOIN just got BETTER!

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13 Years Since Bitcoinโ€™s First Halving: Mining In 2025

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Thirteen years ago today, Bitcoin experienced its first halving event, reducing the miner block reward from the original 50 BTC to 25 BTC. Now, with Bitcoin (BTC) having completed four halving events and block rewards standing at just 3.125 BTC, the mining industry is continuing to transform, with industrial miners consolidating and diversifying into AI. At the same time, a niche trend of solo mining is emerging, according to Bitfinex analysts who spoke to Cointelegraph. โ€œDespite the new spike in more industrial Bitcoin mining, we would like to underscore the…

Tether Pauses Bitcoin Mining In Uruguay Over Rising Costs

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Tether, the issuer of USDT, the worldโ€™s largest stablecoin, has halted Bitcoin mining operations in Uruguay due to rising energy costs. โ€œWe can confirm that we have paused operations in Uruguay,โ€ a Tether spokesperson told Cointelegraph on Friday, adding that the company remains committed to its long-term projects in Latin America. The confirmation comes weeks after Tether denied reports that it planned to exit the country following a $4.8 million debt dispute with a state-owned electricity provider in September. According to a Tuesday report by local news agency El Observador,…