News
The legislative proposal introduces a tiered tax system for energy used by crypto miners in New York, charged by kilowatt-hour used.
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Mining News
Mining is the process of adding and validating transaction records on the Bitcoin public blockchain ledger while securing uptime for the network. This is how the network persists without relying on trusted third parties using vulnerable, centralized infrastructure. Mining is also used to distinguish legitimate Bitcoin (BTC) transactions from attempts at double-spending, which is when a user attempts to re-spend money that has already been spent somewhere else.
What miners are actually doing is continually guessing for a specific number (the nonce) designated in the header of the following block, which has a predetermined number of zero bits. When they guess the correct number after using extensive computation power, they solve the proof-of-work and are rewarded with the protocol currency, BTC. This simultaneously serves as the minting process for Bitcoin.
Bitcoin mining has come a long way since the network’s launch in 2009. In the early days, mining was how one would participate within the Bitcoin economy, using relatively modest computation resources such as an average consumer-grade laptop to allocate hashing power to solving the proof-of-work algorithm and earn Bitcoin from the block subsidy, all while securing the network.
Since then, mining has become a multibillion-dollar global industry, with massive operations and facilities around the world using incredible amounts of resources to compete for the block rewards of many different cryptocurrencies, all the while providing critical infrastructure and security to these networks.
- News
The regulator stated that farmland must be used only for agricultural purposes to qualify for government services, subsidies, and utilities.
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TeraWulf is reportedly planning $3 billion in funding through Morgan Stanley with Google’s backstop as the mining firm pivots to AI.
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Google has acquired a 5.4% stake in Bitcoin miner Cipher Mining by backstopping $1.4 billion of Fluidstack’s obligations in a $3 billion, 10-year AI data center deal.
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Tether said reports that it has exited Uruguay “do not accurately reflect the situation” and the local mining operator is working with the government to “resolve friction.”
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The rising network difficulty and the need to pay for energy are pushing out smaller players and even publicly traded corporations.
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Cipher, Terawulf, Iris Energy, Hive and Bitfarms rallied sharply in September, outpacing Bitcoin despite tightening mining economics and weaker onchain activity.
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The Bitcoin network mining difficulty continues its long-term upward trend, hitting an all-time high of 134.7 trillion on Friday.
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Thumzup has executed agreements to acquire DogeHash’s 3,500 Dogecoin miners, projecting up to $103 million in annual revenue if DOGE hits $1.
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Explore the top Web3 jobs in 2025, salary ranges and how to start in the best-paying blockchain careers.
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Prosecutors appealed the sentences given to HashFlare founders Sergei Potapenko and Ivan Turõgin, after arguing the pair should get 10 years in prison.
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A mining ban went into effect in the African nation in April 2024, followed by Chinese officials warning residents not to “support or engage in virtual currency mining activities.”
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US Bitcoin miners face mounting costs and regulatory pressure as the trade war reshapes the industry.
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TeraWulf’s chief strategy officer, Kerri Langlais, said Google has become its largest shareholder, providing “powerful validation” from a leading tech giant.
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Bitcoin miner-turned Ethereum company BTCS said it will be the first public company to issue an Ether dividend.
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