Mining

With the rapid development of the global cryptocurrency market, the mining industry has reached a new milestone. Recently, KK Miner, a leading cryptocurrency cloud mining platform, announced that it has successfully raised $10 billion in funds, vowing to open up a simpler and more efficient cryptocurrency mining path for investors. Once this news was released, it attracted widespread attention from investors around the world. Technical advantages: more efficient mining methods KK Miner uses the latest blockchain technology and artificial intelligence…

WILLEMSTAD, Curacao, September 30th, 2024, Chainwire BC.GAME, a leading crypto igaming platform, has officially announced the launch of the $BC Mining Rush, an exclusive event with a staggering prize pool of 1 billion $BC tokens. The event will run from October 1 to October 20, 2024, with pre-registration starting on September 24, offering players the chance to win daily rewards simply by placing bets of $1 or more. This event aims to offer participants an easy entry into the crypto…

Few letters spark fiercer debate in blockchain than these three: KYC. Over the last decade, Know Your Customer rules have permeated most crypto industries, but despite their widespread implementation, they remain controversial in sectors that have traditionally been largely devoid of regulation.  Few centralized exchanges today operate without KYC save for a handful of shady offshore platforms. The remainder have fallen into line, recognizing the need to adhere to financial regulations, avoid censure, and mitigate the flow of hacked and…

Bhutan has accumulated $780 million worth of Bitcoin through its renewable energy-powered mining operations, placing it among the top government holders of the cryptocurrency. Arkham's Revelation The Kingdom of Bhutan, a small mountain nation with a GDP of approximately $3 billion, has amassed Bitcoin (BTC) worth $780 million. Unlike many other governments, Bhutan’s BTC holdings are derived entirely from its mining operations, which utilize the country's renewable energy resources. The matter was first highlighted and reported by blockchain data analytics…

The closure of a Bitcoin mining operation in Hadsel, Norway, could reportedly lead to an estimated 20% increase in household electricity costs. According to a report by the Norwegian Broadcasting Corporation (NRK), the Stokmarknes Datasenter Bitcoin mining facility ceased operations after Hadsel’s authorities refused to renew the company’s temporary permit. Norwegian City Learns The Importance of Bitcoin Mining The municipality initially granted the permit three years ago, but residents’ complaints about noise from the cooling fans led to its non-renewal.…

CleanSpark purchased 7 new mining facilities in East Tennessee, consolidating operations in a new region. These investments come at a difficult time for Bitcoin miners. The company hopes to close some facilities before the end of the month to carry out upgrades for a long-term plan. Tennessee’s Mining Hub On September 11, Bitcoin miner CleanSpark announced that it would acquire seven new mining facilities in East Tennessee. CleanSpark is a low-carbon mining firm that primarily uses renewable electricity to power…

The post Solo Bitcoin Miner Won Bitcoin Mining Lottery, Earn Reward of $180,000 appeared first on Coinpedia Fintech News A solo Bitcoin miner has achieved a rare victory, securing an entire Bitcoin block reward worth $180,000. In the highly competitive world of Bitcoin mining, where large mining pools usually dominate, a solo miner winning a block is like hitting the jackpot. The Challenge of Solo Mining Mining Bitcoin has become more difficult due to the rise of advanced mining rigs…

The post Russia Eyes Increase in Crypto Mining Tax with New Legislation appeared first on Coinpedia Fintech News According to the local news report, at the Eastern Economic Forum (EEF-2024), Sergey Bezdelov, Director of the Industrial Mining Association, announced that Russia mined 54,000 bitcoins in 2023, generating 50 billion rubles in taxes. Bezdelov noted that with the upcoming “gentle” regulation of cryptocurrency mining, the tax contribution is set to increase as new infrastructure investors join the market. This comes after…

Agile Energy X, a subsidiary of Tokyo Electric Power Grid (TEPCO), is exploring the use of surplus green energy for Bitcoin mining. Local media outlet Asahi Shimbun reported that the company has installed mining machines near solar farms in Gunma and Tochigi prefectures. This project aims to tap into unused renewable energy. Japan’s Potential to Mine $2.5 Billion in BTC Using Green Energy The report added that simulations by Agile Energy X indicate potential power surplus if Japan meets its…