Police in Malaysia are alleged to have destroyed over 1,000 mining machines at the end of last week In a rather unusual incident, authorities in Malaysia have steamrolled millions of dollars worth of crypto mining equipment. A video clip doing the rounds on social media on Friday showed several ASIC mining rigs being destroyed. Initially, the clip led to confusion before it was … [Read more...] about Malaysian police destroy crypto mining equipment
Mining
Bitcoin mining difficulty drops for fourth time in a row
Amid the ongoing crackdown on cryptocurrency mining in China, mining new Bitcoin (BTC) continues getting easier as BTC has experienced another mining difficulty drop.On July 18, the Bitcoin network posted its fourth consecutive negative adjustment of mining difficulty, dropping 4.8%, according to data from Bitcoin explorer BTC.com.The latest mining difficulty adjustment … [Read more...] about Bitcoin mining difficulty drops for fourth time in a row
Crypto media closes, bad news just repeats, mining laws are beneficial?
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. It has now been two months since the crypto crackdown and subsequent enforcement began. Most new stories are now just the trickling down of … [Read more...] about Crypto media closes, bad news just repeats, mining laws are beneficial?
China shuts down crypto mining in Anhui province
The Chinese government continues cracking down on the cryptocurrency mining industry by suspending crypto mining operations in another province.Authorities at Anhui, a small province in eastern China, have announced a set of measures to tackle growing electricity demand and an associated power supply shortage in the next three years, local news agency Hefei Online reported on … [Read more...] about China shuts down crypto mining in Anhui province
Bitcoin mining ban an easy decision for China, says Bitmain EMEA partner
Two weeks after a 15% increase in electricity prices in Turkey, a new store selling professional mining equipment has opened its doors in Istanbul — the business hub of the country — on Tuesday. Opening a mining equipment shop in a country with costly electricity seems counterintuitive. But Phoenix Store, Bitmain’s sales partner in the Middle East, did the math before opening … [Read more...] about Bitcoin mining ban an easy decision for China, says Bitmain EMEA partner