Oman unveils $350M block reward mining hub as it advances digitization drive
Oman is opening a digital currency mining hub as part of its plans to boost digital economy growth and push for technological advancement.
Latest block reward mining News
Global energy production and Bitcoin
The energy associated with Bitcoin is attributed to the number of transactions verified, so as the system becomes more efficient, the efficiency measurement should be rated as the economic cost.
Gorilla Pool’s Kevin Alkema talks end-to-end ASIC mining solutions
In an interview with CoinGeek Backstage, Gorilla Pool’s Kevin Alkema talks about what sets the company apart and how it’s providing end-to-end ASIC mining solutions in the BSV blockchain space.
Canadian block reward miner Hut 8 reports 8% Q2 loss
Like its peers in the BTC mining industry, Hut 8 had a poor quarter, with the shutdown of one of its facilities and Ethereum’s proof of stake switch taking their toll.
Block reward mining: $20M facility gets green light in Kyrgyzstan
Kyrgyzstan's president reportedly said the block reward mining farm could help the country cut down on wastage of unutilized power which, over the past 13 years, hit $37 million.
Arkansas counties racing to crack down on noise pollution from BTC miners
Arkansas will pass a new law that protects miners from being singled out for regulations, and counties want to crack down on the noise before it’s too late.
Block reward miner Hive Digital ditches ‘blockchain’ tag as it pivots toward AI
Hive notes that despite removing “blockchain” from its appellation, the push into AI development is ultimately designed to “support the new Web3 ecosystem.”
UAE is betting big on block reward mining: report
The United Arab Emirates reportedly accounts for 4% of the global BTC hash rate, with Abu Dhabi leading the emirates as government investment and power availability play a significant role.
The nature of the Bitcoin peer-to-peer electronic cash system
The Bitcoin system's most vital and positive implications remain ownership and creation, allowing miners to develop and own anything on-chain.
BTC miner Marathon Digital subpoenaed by SEC over securities violation
The U.S. securities regulator first sent a subpoena to Marathon in late 2021 for alleged federal securities violations related to its data center facility in Hardin, Montana.
Marathon to launch Middle East’s first large-scale BTC mining operation
First announced in January, the operation is a joint venture between Marathon and Zero Two, a Web3 company launched in 2022 by Abu Dhabi’s $160 billion sovereign fund ADQ.
Kazakhstan earned $7M in taxes from digital asset miners
The country started taxing miners in January 2022, and it has paid off, netting $7 million for Kazakhstan. The country is third after the U.S. and China in terms of hash rate.