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Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages

Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power ShortagesFacing an electricity deficit largely blamed on cryptocurrency miners, Kazakhstan is trying to avoid an energy crisis this winter. The president of the country has insisted on the need to maintain power supply for the industry and population, calling for urgent legal regulation of the expanding coin minting sector. President Tokaev Calls for Legislative Regulation […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Kazakhstan Expects $1.5 Billion From Crypto Mining in 5 Years, Estimates Suggest

Kazakhstan Expects .5 Billion From Crypto Mining in 5 Years, Estimates SuggestCrypto miners now bring more than $230 million into the economy of Kazakhstan each year and estimates show the figure could increase significantly in the future. The industry’s leading organization has projected that the government can collect more than $300 million in taxes over the next five years. Kazakhstan Makes Millions From Cryptocurrency Miners Kazakhstan’s […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates

Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan EstimatesAuthorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power rating of new facilities. Kazakhstan […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells

Russian Oil Companies Propose to Mine Cryptocurrencies at Their WellsCompanies involved in oil production in Russia have come up with a project to organize the mining of cryptocurrencies right next to the oil fields they are exploiting. Data centers devoted to coin minting can be powered by the excess gas released during oil extraction which would otherwise be wasted. Ministries and Central Bank Review […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions

Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls RestrictionsKazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet for crypto miners who are taking advantage of its low electricity rates. Republic of Kazakhstan Sees 7% Increase in Electricity Demand Due to Crypto Miners […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan

Bit Mining to Deploy Another 2,500 Bitcoin Miners in KazakhstanBit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys New Cryptocurrency Miners for Data Centers in Kazakhstan […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

EZ Blockchain Partners With Texas-Based Oil Provider to Monetize Wasted Natural Gas With Bitcoin

EZ Blockchain Partners With Texas-Based Oil Provider to Monetize Wasted Natural Gas With BitcoinWhile a number of media pundits and politicians have been talking about Bitcoin’s energy consumption, there’s been a myriad of firms working toward green solutions well before all the controversy. Unfortunately, critics don’t highlight the amount of renewables miners use or the cogeneration applications. One project called EZ Blockchain has partnered with the Texas-based oil […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal