Tag: Mining

Crypto technology

Bitcoin mining income lowest in two years, hash fee on the decline 0 (0)

The income earned by Bitcoin (BTC) miners fell to two-year lows owing to poor market efficiency and a heavier computational demand amid rising community problem. However, an ongoing downturn within the Bitcoin hash fee over the previous month has allowed miners to recoup losses. The whole Bitcoin mining income — block rewards and transaction charges…

Crypto technology

New York’s mayor seeks steadiness with regulators after PoW mining moratorium 0 (0)

New York City mayor Eric Adams continues to be centered on making New York a crypto hub, however he believes that aim might be mixed with statewide efforts to curb environmental prices associated to crypto mining, based on experiences on Nov 25.  The feedback comply with the brand new regulation signed by New York governor…

eTeqNews

New York’s crypto mining restrictions are the primary within the nation | Engadget 0 (0)

Cryptocurrency mining firms hoping to arrange store in New York State might stumble upon some limits. Governor Kathy Hochul has signed laws limiting crypto mining within the nation, making it the primary state to clamp down on the observe. The environment-focused regulation establishes a two-year freeze on new and renewed air permits for fossil gas…

Crypto technology

New York governor indicators PoW mining moratorium into regulation 0 (0)

New York governor Kathy Hochul signed the proof-of-work (PoW) mining moratorium into regulation on Nov. 22, making it the primary state in America to ban any PoW crypto mining exercise for 2 years. The PoW mining moratorium won’t solely prohibit new mining operations but additionally refuse the renewal of licenses to those that are already…

Crypto technology

Iris Energy to chop mining {hardware} after defaulting on $108M mortgage 0 (0)

Australian Bitcoin mining agency Iris Energy is the newest to endure from the squeeze of the crypto bear market, dropping a major chunk of its mining energy after defaulting on a mortgage. A submitting by the agency to the U.S. Securities and Exchange Commission on Nov. 21 revealed that it has unplugged its {hardware} used…

Crypto technology

Russian invoice would legalize crypto mining, gross sales underneath ‘experimental authorized regime’ 0 (0)

A invoice was launched into the Russian State Duma, the decrease home of parliament, on Nov. 17 that may legalize cryptocurrency mining and the sale of the cryptocurrency mined. Cryptocurrency can’t at the moment be used for settlements in Russia.  The proposed regulation reads, “Digital foreign money obtained on account of mining will be disposed…

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