Bitcoin Hashrate Reaches an All-time High
The hashrate of the Bitcoin network reached a new all-time high at around 231 EH/s on June 11.
Mining Firm HIVE Blockchain Sells 10,000 ETH to Acquire More Devices
Mining company HIVE Blockchain Technologies has used the proceeds from the sale of about 10,000 ETH to “fund a strategic relationship with Intel and create new bitcoin miners.”
Ethereum Co-founder Criticizes Moratorium on Bitcoin Mining in New York
Ethereum founder Vitalik Buterin has joined in the criticism of New York state’s moratorium on mining using electricity generated from carbon sources.
Miners Account for More Than 2% of Total Energy Consumption in Russia
More than 2% of the total amount of electricity generated in Russian is consumed by citizens and companies involved in crypto mining.
Miner Maker Canaan Increases its Quarterly Profit by 327%
In the first quarter of 2022, the Chinese manufacturer of mining equipment Canaan enjoyed a gross profit of $130.9 million.
Iran Uncovers 6,914 Illegal Crypto Mining Farms
Iranian law enforcement authorities have identified and shut down a total of 6,914 illegal crypto mining farms since 2020.
Blockchain Hosting Provider Core Scientific Reports $466.2M Net Loss
US-based blockchain hosting provider Core Scientific suffered a net loss of $466.2 million in Q1 2022.
