Mining

As Data Center Dynamics reported, Talen Energy, a US power company, plans on building a 300MW crypto mining facility and data center beside its nuclear power plant in Pennsylvania. The crypto mining firm Cumulus Coin, a subsidiary of Talen Energy, expects the project to come online at the beginning of 2022 with the 164MW first…

Police in the Malaysian city of Miri destroyed more than $1.2 million worth of Bitcoin mining rigs after they were confiscated for operating illegally. A video clip, which depicts a steamroller running over 1,069 mining rigs, went viral on Twitter on Friday. As Malaysian paper “The Star” reported, eight people in Miri were charged for…

The Mechanicville, NY plant, an old hydroelectric power plant built in 1897, is now taken to mining Bitcoin using a share of the power produced. It’s an inspiring example of using renewable energy for mining amid criticism over carbon footprint. “We think this is the oldest renewable energy facility in the world that’s still running,”…

The Kazakhstan authority has introduced a new law regarding cryptocurrency mining taxation. The officials published a statement saying that the signed law is expected to come into effect in January 2022 and to generate billions of tenge to the national budget. Kazakhstan joins Iran in taxing the mining industry, given the lucrative potential for business….

Bitcoin mining difficulty has seen its biggest downward adjustment in history as it drops 28%. More than 54% of Bitcoin’s hashrate, which reflects the collective computing power of miners around the world, has gone offline since its peak in May amid China’s crackdown against the crypto industry. Miners, who are still active, have to make…

Bitmain, China’s largest manufacturer of top-tier crypto mining machines, has claimed on Wednesday that it suspends sales of its miners globally due to the mining restriction in China. According to Bloomberg, the Beijing-based mining giant decided to cut supply after its rigs have lost their value by about 75% since April. In recent weeks, China…