China’s Gansu province warns against BTC mining in national data centers
The province has been cracking down on block reward miners for the past year and issued the warning amid mega data center construction in Western China.
Latest block reward mining News
Compute North files for Chapter 11 bankruptcy with $500M in debt
Compute North operates data centers for miners, including Marathon Digital and Hive Blockchain, but a $300 million loan has made it the latest bear market casualty.
Proof-of-stake is proof of misunderstanding
If proof-of-work distributes objective consensus to miners outside of the network, proof-of-stake consolidates power to a subjective, in-network minority.
‘We mine BSV quietly’: Kurt Wuckert Jr. crashes Mining Disrupt 2022
Block reward miners have never faced more challenges than they currently do, but they still flocked to Miami for Mining Disrupt 2022, and so did Kurt.
Embattled Compass Mining shuts down Georgia facilities after 50% energy price hike
Compass, which recently laid off 15% of its staff and slashed executives’ salaries by 50%, will relocate its mining rigs to Texas, where it has faced energy issues too.
Georgia drafts new laws to keep up with EU digital asset regulations standards
Georgia is overhauling its financial sector with new laws aimed at tackling money laundering and terrorist financing while working on its ambition to become a digital assets hub.
Paraguay President Mario Abdo Benitez rejects block reward mining bill
The president has vetoed the bill, which sought to recognize mining and treat it like an industrial activity with its power tariff 15% above the household tariff.
Switching to PoS–Ethereum’s predicted corruption
Proof-of-Work is the only way to prevent corruption, but if you continue to argue that Bitcoin is wasteful and not green, it’s because BTC has misled you.
Kurt Wuckert Jr. on Messy Times: What is the true potential of scalable P2P electronic cash system?
Kurt Wuckert Jr. appeared on the Messy Times podcast for the second time, where he further explained the concepts of BSV, bitcoin mining, and the true potential of a scalable peer-to-peer electronic cash system.
NYSE threatens BIT Mining with delisting for low share price
BIT Mining’s share price dipped below $1 on June 23 and has traded below this hallmark since then, violating the NYSE’s 30-day applicable price criteria.
Is the US Congress pro proof-of-work?
The United States Committee on Energy and Commerce recently sent letters to four digital currency miners aiming to look for more information on PoW mining and its impact on the environment.
Kazakhstan: Police arrest gang forcing IT specialists to operate block reward mining farms
The MIA's investigations found that the gang had been forcing an IT specialist to run its illegal block reward mining farm, which earned them an estimated $300,000 to $500,000 monthly.