Mining is the process of creating cryptocurrency using specialized equipment. It allows for the creation of new coins and the maintenance of the blockchain network. Mining provides opportunities for earning and participating in the cryptocurrency ecosystem, while also ensuring network security. Through mining, one can generate a stable income and contribute to the development of the digital economy.
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Mining News
Bitcoin's mining difficulty rose 3.7% in 24 hours, making mining more difficult and highlighting the need for energy efficient solutions in the industry.
The Russian Ministry of Energy announced a complete ban on cryptocurrency mining in the Transbaikal Territory and Buryatia, which will come into effect in May 2025.
Kuwait is toughening its crackdown on illegal cryptocurrency mining, conducting raids and blocking sites to reduce the strain on the power grid caused by the energy crisis.
Phoenix Group has expanded its bitcoin mining capacity in Ethiopia by 52 MW, reaching 132 MW in the country and exceeding 500 MW globally, utilizing mostly renewable hydropower.
Bitcoin mining is getting greener, reflecting the industry's shift to sustainable sources under economic, regulatory and societal pressures.
US duties are reducing demand for mining equipment, forcing Bitdeer to shift to offline mining and local production despite financial losses and risks.
Since 2021, El Salvador has mined 473.5 BTC (equivalent to $29.3 million) through the use of geothermal energy. Such information was released by Reuters, referring to the state structure..
Canadian mining company Hut 8 has presented its results for the month of April 2024. As reported by The Miner Mag, the company successfully mined 148 BTC during this period.
The upcoming halving event should increase the sustainability and green credentials of the bitcoin network, incentivizing miners to switch to renewable energy sources..
According to 10x Research analyst Marcus Thielen, bitcoin miners could sell $5 billion worth of bitcoin after the halving.
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