The Mining Column

This May, Chinese authorities banned mining cryptocurrencies, opening a miners’ “hunt season”. As a result, all miners had to leave the country in search of a better life. So, many of them turned to the US and set out to Texas. This state is known for the relatively cheap electricity…

Hidden within the Emirates, Metamining is one of the 10 most important Bitcoin farms in the world. How do you run ASICs at 45 degrees celsius?  It is often thought that the crypto world is, for the most part, male. It is true, but the few women who work…

Bitcoin has been flat above $60,000 over the past 28 days, while its hashrate has also climbed up high. Since 13th August, the hashrate has soared by 42% all the way from 110 exahash per second (EH/s) to the current numbers of 158 EH/s. Following nine consecutive difficulty changes,…

Swedish regulators believe that mining Bitcoin and other cryptocurrencies using the Proof-of-Work (PoW) algorithm contradicts the Paris Agreement on Climate Change. To ban or not to ban seems to be the urgent question now. Swedish regulators warn Erik Thedéen, Head of the Financial Supervisory Authority, and Björn Risinger, Head…

Argo Blockchain, a London-based mining company, has announced the purchase of 20,000 Antminer S19J Pro ASIC miners from Bitmain. The equipment is needed to build a mining centre in Texas next year. In addition, the company plans to double its current hash rate. Argo increases hashrate The mining machines will…

An information technology supervisor in New York has been accused of using hidden devices to mine Bitcoin and other cryptocurrencies. The 42 year old Christopher Naples is facing a possible sentence of up to 15 years. According to Suffolk County representatives, Naples hid 46 mining machines at his workplace. …

Incredibly low power rates of electricity in Venezuela have served as a powerful incentive for crypto miners all around the world. According to Theodoro Toukoumidis, CEO of Doctorminer, it takes less than $10 (~£7.23) per month to pay for the continuous operation of more than 80 application-specific integrated circuits…

Sydney-based Green Bitcoin mining company Iris Energy (BITG) has applied to the US Securities and Exchange Commission (SEC) for a direct listing on Nasdaq. According to BNNBloomberg, the listing procedure is expected to be finalised in the fourth quarter of this year. Raising the funds Iris Energy is…