Russia’s central bank to prohibit miners from selling digital assets to Russians
The Bank of Russia adopted a negative stance towards the sale of virtual currencies to Russian citizens under the draft law for mining regulation.
Latest block reward mining News
Kentucky probes electricity discounts to block reward miners
A local environmental group criticized the discounts and urged the state to reconsider, saying Kentuckians will be left stuck with the bill for the BTC miners.
Paraguay’s plan to encourage digital asset mining falls apart after president’s veto
Only 38 out of 80 lawmakers voted to proceed with the bill, and out of the number, nine lawmakers voted against it, and the rest were either absent or voted blank.
Bitcoin nodes don’t ‘vote’ on rule changes—but developers shouldn’t propose them
The question over what decisions miners can/can't make arose again this week with the latest release candidate to BTC's protocol software, version 24.0.
New York governor signs bill banning carbon-based fuel proof-of-work mining
Gov. Kathy Hochul signed the moratorium which was approved by the state senate in June after putting it off for months, even as the industry calls the bill anti-tech.
Russia seeks to legalize block reward mining with new bill
The bill, expected to sail through State Duma, makes it legal to sell mined digital assets on foreign platforms as well as locally starting January 2023.
ASIC firm Canaan’s Q3 income plummets 90%
Canaan’s Q3 revenue dropped by 41% while gross profit dipped by 75%, but the company says it will continue to scale its R&D projects and mining operations.
Quebec blockchain miners may face electricity cuts from grid operators
Hydro-Quebec’s Electricity Supply Plan 2023-2032 report warns that the city’s electricity consumption could spike by an additional 25 TWh in the next 10 years.
Block plots BTC mining, integrates Lightning, abets Blockstream
According to reports on October 25, Block had tapped Perry Hothi, former chief technology officer for Argo Blockchain PLC, to help spur Block’s BTC mining ambitions.
The fees are too damn high
This empty block miner is taking payment for work that is not being completed, and just because a miner attempts to fix the price of a service does not mean that users must accept it.
Marathon Digital settles with former CEO for $24 million
The block reward mining company agreed to stock unit awards with former CEO Merrick Okamoto who stepped down last year and was replaced by Fred Thiel.
China’s Tianjin province hikes electricity rates to root out miners
Tianjin is now the eighth province to hike the rates specifically targeting the miners, but they all insist it’s a punishment, not a green light for the miners.