MINING

 


The process that results in the release of certain amounts of a particular digital currency into its circulating supply. Mining is often the process that governs the verification of transactions and the addition of blocks to a blockchain.

Bitcoin Miner Core Scientific Apparently Declares Chapter 11 Bankruptcy
Due to dropping income and BTC prices, Core Scientific filed for Chapter 11 bankruptcy in Texas. In July 2021, the company was valued at $4.3 billion. Due to a lengthy bear market, Core Scientific sold 9,618 BTC in April to continue functioning. Microsoft has banned cloud customers from mining cryptocurrency to improve service reliability.
New York Governor Cuomo signs PoW mining ban
New York governor Kathy Hochul signed the proof-of-work (PoW) mining moratorium into law on Nov. 22. PoW mining consensus is predominantly used by Bitcoin miners and a few other altcoins. The practice has been marred by controversies over its high amount of energy consumption.
HashFlare founders arrested in $575M crypto scam
HashFlare's customers lease hashing power to mine cryptocurrency. The mining operation "defrauded hundreds of thousands" The founders allegedly laundered "criminal proceeds" through 75 properties, six luxury vehicles, cryptocurrency wallets, and thousands of mining machines. Alexei Potapenko and Turgin founded HashFlare. The company mined less than 1% of what it claimed and bought Bitcoin from third parties. The FBI wants scheme participants' information.
Litecoin Enters Top 20, Soared Over 28% in The Last 7 Days, Here Is Why
Investors are upbeat about Litecoin since the beginning of this month. The token has outperformed in the past few days, with the market cap reaching $4.91 billion.
Litecoin Mining Difficulty Hitting A New All-Time High Of 17.99 Million Hashes
Competition among Litecoin miners has reached a new record high as the network’s mining difficulty on Friday hit a new all-time high.
Generate Capital to Purchase Bankrupt Compute North's Assets in 2 Mining Sites
The loan secured from Generate Capital prompted Bitcoin miner Compute North to file for bankruptcy protection.
Core Scientific Faces Bankruptcy With Over 78% collapse in Share Value
Bitcoin mining firm Core Scientific to file for Bankruptcy
Bitcoin’s Mining Difficulty Jumps by 3.44%, Reaching New ATH at 36.84 Trillion
Bitcoin's mining difficulty has increased by 3.44%. The increase means that more competition is rising.
Crypto Mining May be Sacrificed as EU Continues to Battle Energy Crisis
With the energy crisis in the EU, member countries may be mandated to halt crypto-mining activities
Bitcoin Miner Digihost Under Risk of Delisting from Nasdaq
Crypto miner Digihost is under scrutiny and has been threatened with getting delisted by Nasdaq for trading below $1 for 30 consecutive days.

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