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#Cryptocurrency Mining

CoinTelegraph

Bullish on Bitcoin, US Senator Ted Cruz wants Texas to be a crypto oasis

United States Senator Ted Cruz wants to make the American state of Texas an oasis for Bitcoin (BTC) and other cryptocurrencies. Speaking at the Texas Blockchain Summit 2022 in late November, the politician empathized how the crypto industry can be strategic for the U.S. energy supply and technological development. Cruz...
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beincrypto.com

Demand for Discounted Crypto Mining ASIC Machines in Russia Skyrockets in Q4

Demand for discounted ASIC crypto mining equipment saw a massive boost in Russia in Q4, and the country’s cheap electricity rates played a critical role. Nonetheless, the global outlook for miners is still grim. Many regions across the globe have had a problematic relationship with cryptocurrencies, especially Bitcoin and...
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thenewscrypto.com

Bitcoin Mining Gears Q4 Sale Skyrockets in Russia

Low costs for gear and power have also contributed to the dramatic growth. Revenue for the first nine months of the year is up 65 percent over the same period last year. Despite the volatile price of Bitcoin, a recent analysis by Kommersant shows that purchases of Bitcoin mining devices in the nation skyrocketed in the fourth quarter.
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cryptocompass.com

New York governor indicators legislation cracking down on bitcoin mining

Mining operations that run on carbon-based energy sources. For the following two years, except a proof-of-work mining firm makes use of 100% renewable power, it won’t be allowed to develop or renew permits, and new entrants won’t be allowed to come back on-line. “It’s the first of its...
Washington Examiner

Fees to be levied against New York licensed cryptocurrency businesses

(The Center Square) – Licensed cryptocurrency businesses in New York will have fees levied, the New York State Department of Financial Services said Thursday. The proposed rule would treat virtual currency companies the same way as other financial institutions in the state, with the fees allowing the department to hire the staff needed to monitor compliance, DFS Superintendent Adrienne A. Harris said in a statement.
todayq.com

Low energy prices fuel the increasing demand for mining equipment in Russia

Russia has been progressing in crypto with every passing day. Earlier, the country’s central bank and the finance ministry had divided opinions on the legalization and promotion of crypto mining in the country. The bank, however, was forced to allow crypto for cross-border settlements due to the ongoing geopolitical tensions and sanctions. In October, a report was published that revealed record low values of crypto mining revenues in the country, but this data from the fourth quarter suggest a surging interest in mining.
tellerreport.com

230% growth in cryptocurrency mining malware

Cryptocurrency mining is a tedious process, yet rewarding and attractive to cybercriminals. Kaspersky reported that the third quarter of 2022 witnessed a sharp rise in the various versions of software tools for cryptocurrency mining, with a total growth of more than 230% compared to the same period last year. This...
leofinance.io

New York becomes 1st U.S. State to officially ban Crypto Mining

New York has all but outright banned Crypto Mining after Governor Kathy Hochul signed a moratorium on cryptocurrency mining into state law. This marks the first time in United States history that a state has banned cryptocurrency mining. The focus of this legislation is on Proof-of-Work mining and the controversies...
viralnewsmagazine.com

5 Reasons Why You Should Invest in Kaspa Mining

Mining is a critical industry for any economy. It provides the raw materials needed for construction, manufacturing, and other industries. But it’s not just an important industry; it’s also a very lucrative one. If you’re thinking about investing in mining, here are five reasons why you should consider investing in Kaspa Mining. We’re a leading mining company with a strong track record of success. We have a diversified portfolio of mines and projects. We have a strong commitment to safety and sustainability. And we offer investors attractive returns. If you’re looking for a mining investment that offers all of these things, then Kaspa Mining is the right choice for you. Contact us today to learn more about our company and our investment opportunities.
tronweekly.com

Here’s How Cryptocurrency Miners In Russia Are Capitalizing On The Bear Market

The continuing cryptocurrency mining problem doesn’t seem to be bothering Russian cryptocurrency miners, since local demand for mining equipment is said to have increased in Q4 2022. According to local news outlet Kommersant, several Russian suppliers of crypto mining hardware have experienced a sharp increase in demand for application-specific...
cryptomode.com

4 major companies mining bitcoins

Bitcoin is a digital currency that relies on blockchain technology to track transactions. Now that bitcoin mining operations are becoming more common, several companies are involved in this process, and many more are entering the market yearly. Here is a list of four companies that have made headlines for their involvement in bitcoin mining.
CoinTelegraph

Crypto miners in Russia capitalize on the bear market by hoarding ASIC devices

Cryptocurrency miners in Russia appear to be unbothered by the ongoing crisis of crypto mining as the local demand for mining hardware has reportedly been on the surge in Q4 2022. Some crypto mining hardware distributors in Russia have faced a significant spike in demand for mining-designed application-specific integrated circuit...