Latest News and Articles about Crypto Mining
Russian Crypto Mining Giants BitRiver and Intelion Hit $200M Revenue in FY2024
Russian Crypto Mining Giants BitRiver and Intelion Report $200M Revenue in FY2024 In the heart of Russia, BitRiver and Intelion have showcased the robust growth of the crypto mining sector, amassing a combined revenue of $200 million in Fiscal Year 2024. Dominating over 50% of the market, these industry leaders underscore the potential of decentralized […]
Read MoreArkansas City Stops Crypto Mining Amid Community Backlash and Environmental Concerns
Arkansas City Halts Crypto Mining Plans Amid Public Outcry Arkansas City has hit the brakes on a proposed cryptocurrency mining operation due to fierce community resistance, spotlighting the tensions between technological innovation and community well-being. Public opposition halts crypto mining in Arkansas Noise, energy costs, and environmental concerns cited Broader trend of communities scrutinizing crypto […]
Read MoreRussia Expands Crypto Mining Bans: Energy Concerns Drive New Restrictions
Russia Tightens Crypto Mining Stranglehold: What’s Driving the Latest Bans? Russia’s Ministry of Energy is set to extend crypto mining bans to three more regions amidst growing concerns over energy consumption and grid stability. New bans considered for Karelia, Penza Oblast, and parts of Khakassia Existing restrictions in Dagestan, Irkutsk, and Krasnoyarsk Energy Minister prioritizes […]
Read MoreColdbook Laptop Challenges Pi Network: Can It Revolutionize Crypto Mining?
Can Coldbook Laptop Revolutionize Crypto Mining? Analyzing Pi Network’s Challenges and Coldware’s Potential Is it possible for a laptop to reshape the landscape of crypto mining? Coldware’s Coldbook aims to do just that, while Pi Network faces a significant 38% drop in mining usability. Here’s a closer look at the current state of crypto mining […]
Read MoreGazprom Dives into Blockchain with $23.5M DFAs and $500M Crypto Mining
Russian Energy Giant Gazprom Launches Blockchain-powered Digital Assets Gazprom, Russia’s state-owned energy giant, has made a significant move into the digital financial assets (DFAs) market, launching a series of blockchain-powered tradable assets valued at over $23.5 million. This bold step not only highlights Gazprom’s commitment to blockchain technology but also signals a growing trend among […]
Read MoreRussia’s Power Grid Suffers $14.2M Loss from Illegal Crypto Mining, Eyes Legal Operations
Russia’s Power Grid Loses Over 1.3 Billion Rubles to Unauthorized Crypto Mining Russia’s power grid operator, Rosseti Group, has reported staggering financial losses of over 1.3 billion rubles ($14.2 million) in 2024 due to unauthorized “black” mining operations. These illicit activities have wreaked havoc on the grid, but Rosseti is now pivoting towards legal mining […]
Read MoreLas Vegas Man Faces 330 Years for $24M Crypto Ponzi Scheme
Las Vegas Businessman Indicted for Alleged $24M Crypto Ponzi Scheme Brent Kovar, a 58-year-old Las Vegas businessman, has been indicted for orchestrating a $24 million cryptocurrency Ponzi scheme through his company, Profit Connect. Instead of mining gold, Kovar was digging his own grave with a shovel made of lies. Brent Kovar indicted for a $24 […]
Read MoreRussia’s Crypto Mining Surge: New Laws Triple Hardware Sales in Q4 2024
Russia’s Crypto Mining Boom: Hardware Sales Surge Amid New Laws and Global Interest Ever wondered how Russia’s new crypto laws are reshaping the global mining landscape? Well, hold onto your hats because crypto mining hardware sales in Russia have just tripled in Q4 2024. A new law effective from November 1, 2024, now allows legal […]
Read MoreSiberian Power Company Fined $3,120 for Illegal Crypto Mining on Own Property
Crypto Miner-hunting Siberian Power Provider Finds Illegal Farm on Its Own Property A Siberian power provider in Irkutsk discovered an illegal crypto mining operation on its own property, shedding light on the ongoing battle against unauthorized mining in Russia. Illegal mining farm discovered on power company’s property in Irkutsk Power company fined and faces legal […]
Read MoreKyrgyzstan’s Crypto Mining Tax Revenue Plummets 50% Due to Rising Energy Costs
Kyrgyzstan, once a magnet for crypto miners due to its cheap power, now faces a decline in mining tax revenue, which has tumbled by 50% to approximately $535,000 in 2024. This sharp downturn stems from soaring electricity costs and a dwindling mining sector, raising concerns about the nation’s energy policies and economic strategies. Kyrgyzstan’s crypto […]
Read MoreBelarus Courts Crypto Miners with Incentives and Strategic Energy Investments
Belarus Welcomes Crypto Miners with Open Arms and Incentives Belarus is establishing itself as a burgeoning hub for cryptocurrency miners, rolling out incentives to attract investment and capitalizing on its expanded energy capacity. As Deputy Minister of Energy Denis Moroz leads the charge, interest from mining investors is on the rise, aiming to leverage Belarus’s […]
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