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Crypto Mining

Malaysia Is Losing Power to Illicit Crypto Miners

People are stealing energy in Malaysia. Why? Because they’re looking to get rich through crypto mining, and now the national utility company in charge of electricity use has a few ideas it’s working to implement that will purportedly combat this growing crime wave. Malaysia Looks to Stop the Theft of Its Energy The company –...

The post Malaysia Is Losing Power to Illicit Crypto Miners appeared first on Live Bitcoin News.

NVIDIA Data Held Hostage by Hackers Who Want to “Help” Crypto Miners

Technology company NVIDIA has received a rather odd request from a group of hackers calling themselves Lapsus$. The organization is asking that the company make their graphics cards capable of mining faster. If NVIDIA does not comply, the hackers will release the over one TB of data they’ve allegedly stolen. NVIDIA Has Gotten an Odd...

The post NVIDIA Data Held Hostage by Hackers Who Want to “Help” Crypto Miners appeared first on Live Bitcoin News.

Chinese Police Busts Crypto Mining Farm, 190 Miners Seized

The Chinese police busts crypto mining farm in the city of Guangzhou and reportedly 190 miners were seized, estimated to be worth over 5 million yuan as we can see further in our latest crypto news today. Guangdong providence’s Development and Reform Commission seized 190 mining machines. The Chinese police bust an illegal mining farm […]

South African Treasury on Crypto Regulations: Amendments to Relevant Laws to Be Finalized in 2022

The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022. Aligning Local Laws With FATF Standards The South African Treasury has said it expects the proposals to include crypto asset service providers […]

Intel Launches Blockchain Chip to Further Boost Crypto Mining

Intel Corporation announced the launch of their new chip for mining Bitcoin and NFT minting.

The post Intel Launches Blockchain Chip to Further Boost Crypto Mining appeared first on BitPinas.

Argo And Block Among The First Buyers Of Intel’s New Accelerators

Argo and block are among the first buyers of Intel’s new blockchain accelerators, only days after Nvidia decided to launch a new blockchain accelerator so let’s read further today in our latest blockchain news. Intel decided to enter the blockchain race after competitor Nvidia released a graphic card for ETH miners in February 2021. Intel […]

Intel to Develop Crypto Mining Accelerators, Claims Circuits Will Deliver ‘1000x Better Performance per Watt’

The California-based technology company and the world’s largest semiconductor chip manufacturer by revenue, Intel, has revealed the company will “contribute to the development of blockchain technologies” by offering “energy-efficient accelerators.” Intel executive Raja M. Koduri explained that the company expects its circuit innovations will deliver “1000x better performance per watt” than today’s GPU or SHA256-based […]

Russian Government Approves Plan to Regulate Cryptocurrency

Russian Government Approves Plan to Regulate CryptocurrencyThe federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian Authorities Move to Legalize Crypto Economy The Russian government “has determined the […]

Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker Says

Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker SaysPrivate individuals mining cryptocurrency may expect a higher tax burden than businesses involved in the industry, a high-ranking member of the Russian parliament has indicated. While the extraction of digital currencies is yet to be regulated in Russia, authorities lean towards recognizing it as an economic activity, which will allow the government to tax mining […]

Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report

Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, ReportPlatforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply Exceeds Demand on Russian Market for Mining Chips Mining hardware […]

US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate Crisis

US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate CrisisEight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. “The extraordinarily high energy usage and carbon emissions associated with bitcoin mining could undermine our hard work to tackle the climate crisis — not to mention the harmful impacts cryptomining has on […]

Greenidge Crypto Mining Center Heads to South Carolina

Greenidge Generation Holdings – a crypto mining firm in Dresden, New York – says it’s going to invest approximately $264 million to establish a new data center in Spartanburg County in the state of South Carolina. The new center is slated to bring around 40 new jobs to the region. Greenidge Is Heading to S.C....

The post Greenidge Crypto Mining Center Heads to South Carolina appeared first on Live Bitcoin News.

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