Malaysian Bitcoin Mining Gang Stole Over $2M in Electricity, Say Police
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Chinese Lottery Firm 500.com Acquires Crypto Mining Pool BTC.com
U.S.-listed Chinese sports lottery firm 500.com (NYSE: WBAI) said Tuesday it’s inked a share-swap deal to acquire the cryptocurrency mining pool business of Bitdeer Technologies, including BTC.com. According to an announcement, the agreement will see 500.com purchase all the shares of Bitdeer-owned Blockchain Alliance, which is based in the Cayman Islands, with 10% of its […]
Continue ReadingBitcoin Miners Earn Record Hourly Revenue of $4 Million
Bitcoin’s price rally is proving a windfall for the miners of the world’s biggest blockchain. Miners collected a record single-hour revenue of $4.06 million during the 60 minutes to 17:00 UTC on Thursday, according to data provided by the blockchain analytics firm Glassnode. Transaction fees accounted for more than $47,000 of the record hourly revenue. […]
Continue ReadingCrypto Mining Farm Spotted Using High-End Gaming Laptops: Report
Rows of latest-model laptops, highly sought after by the gaming community, have been spotted in China being used to mine cryptocurrency. In tweets posted on Wednesday, images show a room filled with “several hundred” gaming laptops said to be kitted out with Nvidia RTX 30-series graphics processing units (GPUs). WCCTech, a computer and gaming publication, […]
Continue ReadingMystery Entity Just Set up 20K Bitcoin Miners in Siberia: Report
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Continue ReadingArgo Blockchain Plans New Bitcoin Mining Facility in Texas
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Continue ReadingCalifornia Pension Fund Loaded Up on RIOT Shares During Bitcoin’s Q4 Rally
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Continue ReadingEthereum Miners Earned Record $830M in January
Ethereum miners earned a record $830 million in January as network activity, fees and ether’s price all surged. Monthly revenue has not reached this level since the previous record from January 2018 near ether’s previous all-time high, according to data estimates by CoinDesk. Revenue estimates assume Ethereum miners sell their ether immediately. On-chain data reviewed […]
Continue ReadingChina’s 500.com to Purchase Another $8.5M-Worth of Bitcoin Miners
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Continue ReadingInside Iran’s Onslaught on Bitcoin Mining
Iran is trying to make crypto mining a source of income for the state, while cracking down on miners. Iran, hit hard by international sanctions, lost revenue supplied by oil exports. Crypto might be a way to get some extra cash, so Iran has been toughening its grip on miners at home in an effort […]
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