Experts: Profitability of Mining Will Fall
Bitcoin mining remains a profitable activity, but its profitability is under pressure from a decrease in the price of cryptocurrency and an increase in the network hashrate.
Mining Company Core Scientific Begins to Publish Daily Volume of Bitcoins Mined Data
American blockchain hosting provider Core Scientific has begun to report on the volume of mined cryptocurrency on a daily basis.
Iran Tightens Penalties for Illegal Cryptocurrency Mining
Iranian authorities have increased the penalties for illegal mining of cryptocurrencies using subsidized electricity and introduced prison sentences for repeat offenders.
ChickenFast Builds New Crypto Mining Facilities in the US
ChickenFast (CF), a leading cloud-based pool of computer power for cryptocurrency mining, officially announced that it has built end-to-end encrypted crypto mining facilities in Texas, US, and it is planning to build more others in the near future.
Argentinian Town Will Mine Crypto to Fight Inflation
A small town in the countryside of Argentina has recently decided to invest in crypto mining hardware to raise money to finance improved rail service and fight inflation.
ASIC Maker Canaan Launches New Cryptocurrency Miner
Canaan has recently introduced the Avalon 1266, a new A12 series crypto ASIC miner that provides a hashrate of 100 TH/s.
Miners Sold Some of Their Bitcoins Last Week
On Thursday, Bitcoin fell below $43,000 for the first time since March 24. The crypto traded in a narrow range on Saturday and currently, its price hovers around $42,200.
