Mining

Intel Corporation, a computer chip manufacturing giant, has shared details of a new mining chip that will be coupled with a high-performance 3,600-watt miner with the ultimate goal of improving Bitcoin (BTC) mining efficiency. Intel’s new chips are powered by a high-performance miner to deliver up to 40 TH/s in a balanced environment. Intel has…

Valkyrie Funds announced the launch of the Valkyrie Bitcoin Miners ETF, the exchange-traded fund focused on Bitcoin mining operators. ETF will focus on firms that employ at least 77% renewable energy. The Valkyrie Bitcoin Miners ETF (WGMI) began trading on February 8 on the Nasdaq. It invests in publicly traded miners using renewable energy as…

Block, the Jack Dorsey-led payments company (formerly known as Square), wants to democratize access to Bitcoin mining by building an open mining system. This comes amidst fears that Bitcoin mining is becoming too centralized. Block is building an open Bitcoin mining system as it continues to expand beyond its core payments business and embraces CEO…

Internet blackouts brought in by the Kazakh authorities to help address Kazakhstan’s spreading unrest dealt a severe blow to Bitcoin cryptocurrency mining activity. The overall BTC hashrate fell 13.4% from roughly 205,000 petahash per second to 177,330 petahash per second. In addition, the Bitcoin price dropped 9% following the Kazakhstan blackouts, dropping to a swing…

Iran, for the second time this year, ordered a shutdown of authorized cryptocurrency mining centers as part of efforts to ease the strain on the country’s power plants and avoid blackouts, according to Mostafa Rajabi Mashhadi, director of the state-run Iran Grid Management Co. and a spokesman for Iran’s power industry. This is part of…

Swedish financial and environmental authorities have called for a wide ban on cryptocurrency mining in European Union (EU), saying that the environmental risks are significant and that crypto-assets are commonly used for criminal purposes, such as money laundering, terrorist financing, and ransomware payments. They also cited India’s and the US’s preparations to fix the unregulated…