Norwegian town takes aim at Bitcoin miners
Authorities and residents of the Norwegian town of Sortland have begun a fight against a local mining company over the noise it produces. Cointelegraph reports.All about cryptocurrency mining, including Bitcoin and other digital currencies. News on mining in China, Russia, Ukraine, and globally. Learn what cryptocurrency mining is and how it works.
Norwegian town takes aim at Bitcoin miners
Authorities and residents of the Norwegian town of Sortland have begun a fight against a local mining company over the noise it produces. Cointelegraph reports.
Ethereum Classic hash rate jumps 70% amid The Merge
After Ethereum migrated to the Proof-of-Stake consensus algorithm, the hash rate of the 'original Ethereum' Ethereum Classic rose to 110 TH/s. The daily rise was around 70%.
Bitcoin mining difficulty hits a new high
As a result of another adjustment to Bitcoin's mining difficulty, it rose by 3.45% to a record 32.05 T.
Poolin Bitcoin mining pool unveils plan to resume withdrawals
The liquidity-strapped mining pool Poolin will issue tokens as IOUs to address the withdrawal problem.
Greenidge Generation mined about 301 BTC in August
In August, the mining company Greenidge Generation mined about 301 BTC. The total since the start of 2022 stands at 1,771 BTC, according to a press release.
White House threatens to ban Bitcoin mining over its environmental impact
American lawmakers and regulators are weighing stringent measures against Bitcoin mining because of its large carbon footprint.
Bitcoin miners’ revenue rose 12% in August
In August, total revenue of Bitcoin miners amounted to $684.3 million. The figure rose by 12% from the previous month, according to the ForkLog report.
Hut 8 Mining’s reserves exceed 8,100 BTC
As of August 2022, the Canadian mining company Hut 8 Mining accumulated 8,111 BTC ($152.7m at the current rate).
Arcane Research notes resilient finances among public miners.
Public mining companies are going through difficult times due to a drop in Bitcoin price, higher electricity tariffs, and mining difficulties. But none of them have gone bankrupt, according to Arcane Research.
How bitcoin mining works
How does bitcoin mining work? Why does the reward shrink over time? How harmful is mining to the environment? We explain in cards.We use cookies to improve the quality of our service.
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