Technology

Kazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1

Coins Legend June 1, 2022 0

The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the electricity spent to mint digital currencies, which was introduced in January. Crypto Mining Increases Budget Revenues in

Mining

Bitcoin Miners Expected to Catch a Break in 2 Days, Mining Difficulty Estimated to Drop Close to 4%

Coins Legend May 23, 2022 0

While Bitcoin’s hashrate has remained above the 200 exahash per second (EH/s) mark, over the last two weeks the network’s mining difficulty has been at an all-time high (ATH) at 31.25 trillion. However, after 289 blocks are mined or roughly two days from now, Bitcoin’s mining difficulty is estimated to drop 3.67% giving miners some […]

Mining

Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto Farm

Coins Legend May 19, 2022 0

Even after introducing fines and criminal liability for cryptocurrency mining, Abkhazia continues to find underground facilities for digital currency extraction. This week, law enforcement officials have confiscated dozens of mining devices from an illegal crypto farm. Abkhazia Shuts Down Crypto Farm, Seizes Mining Hardware Police in Abkhazia have closed down another

Technology

Study: Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate

Coins Legend May 17, 2022 0

New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers. China Is Still the World’s […]

Technology

Bitcoin’s Hashrate Taps an All-Time High, Next-Gen Machine Deployment Could Push it Much Higher

Coins Legend May 4, 2022 0

Bitcoin’s hashrate has once again reached an all-time high (ATH) this year, as the network’s processing power reached 275.01 exahash per second (EH/s) on May 2, 2022. The recent ATH follows a significant difficulty jump on April 27, and bitcoin’s value lost 6.2% against the U.S. dollar over the last two weeks. Bitcoin Hashrate Taps […]

Technology

Riot Blockchain Is Constructing a 1 GW Bitcoin Mining Facility in Navarro County, Texas

Coins Legend April 29, 2022 0

The publicly listed bitcoin miner Riot Blockchain has announced the company has started development on a 1 gigawatt (GW) bitcoin mining facility in Navarro County, Texas. The development of 400 megawatts (MW) of capacity has been initiated on the 265-acre site and the team hopes to have bitcoin mining and hosting capabilities online by next […]

News

KyberSwap Launches on BitTorrent Chain With $1.5M in Liquidity Mining and Incentive Rewards

Coins Legend April 23, 2022 0

Kyber Network and BitTorrent have announced the integration of KyberSwap with BitTorrent Chain (BTTC) as their 11th chain integration, with more than $1.5M in liquidity mining and trading incentives available to users immediately. The partnership will accelerate DeFi’s adoption with the combined benefits of best trading and earning rates, ease of use, security, and

Technology

Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

Coins Legend April 17, 2022 0

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per day in profits. SHA256 bitcoin miners that can process at speeds up to 110 terahash, […]

Technology

Kazakhstan to Increase Tax for Miners, Considers Tying Levy to Crypto Prices

Coins Legend April 15, 2022 0

The government of Kazakhstan is preparing to increase the tax burden for cryptocurrency miners and intends to tie the new rate to the value of the minted cryptocurrency. The authorities in Nur-Sultan believe that such an approach would have a positive effect on the state budget. Miners in Kazakhstan to Pay Tax on the Value […]

Technology

Bitcoin Mining Difficulty Drops for the Third Time in 2022, Just Over 100K Blocks to Go Until the Halving

Coins Legend April 14, 2022 0

Bitcoin miners have received their third break this year as the network’s mining difficulty adjusted downward by 1.26% on April 14 at block height 731,808. Currently, miners have more than 200 exahash per second (EH/s) in computational power dedicated to mining the Bitcoin blockchain as hashrate increased after the difficulty reduction. Additionally, bitcoin miners have