Industry participants call New York mining moratorium ineffective
The mining ban in New York state will push crypto-mining out of the state and will accomplish little toward the moratorium’s stated goals, industry participants told Cointelegraph.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.
Industry participants call New York mining moratorium ineffective
The mining ban in New York state will push crypto-mining out of the state and will accomplish little toward the moratorium’s stated goals, industry participants told Cointelegraph.
Texas Bitcoin Miners Curtail Energy Use
In June, high temperatures in Texas led to record electricity demand and affected the operations of local Bitcoin miners. The Block reports.
Bitcoin mining difficulty rose after May decline
On June 8, after another recalculation, Bitcoin mining difficulty rose by 1.29% to 30.28 T. The indicator remains below the all-time high reached in May 2022.
Argo Blockchain cuts Bitcoin production by 25%
In May, the British mining company Argo Blockchain mined 124 BTC, 25.3% lower than the previous month.
HIVE Blockchain sells 10,000 ETH to fund Intel-based Bitcoin miners
HIVE Blockchain Technologies directed the proceeds from the sale of about 10,000 ETH toward "funding strategic relationships with Intel and the creation of new Bitcoin miners".
Northern Data mined 295 BTC in May and expanded its mining fleet
In May, the German mining company Northern Data generated 295 BTC. This is about 9% lower than the previous month's figure, according to the press release.
Environmentalists call for revocation of Greenidge Generation’s operating permit
Environmental advocates and New York Assembly member Anna Kelles have urged Governor Kathy Hochul to revoke Greenidge Generation's mining permit, according to CoinDesk.
Vitalik Buterin criticises New York’s Bitcoin mining moratorium
Vitalik Buterin, founder of Ethereum, joined the criticism of New York state's moratorium on mining using electricity generated from carbon-based sources. He said authorities should not pick which specific applications may consume energy.
Bitcoin miners’ revenue falls 22% in May
In May, total revenue of Bitcoin miners stood at $906 million. The figure fell 22% from April, according to ForkLog's analytical report.
Riot Blockchain mined 466 BTC in May
Riot Blockchain, a Nasdaq-listed mining company, mined 466 BTC in May — up 104% from May 2021.We use cookies to improve the quality of our service.
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