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New York Senate Gives Moratorium on Bitcoin Mining Operations Per Climate Change Concerns

The New York Senators are moving to relax the terms of the earlier proposed Bitcoin and cryptocurrency mining ban. According to the bill which has been passed in the Senate, the lawmakers are now looking at halting only mining operations that are reliant on coal-powered sources while the green options will be allowed to thrive. … Continue reading New York Senate Gives Moratorium on Bitcoin Mining Operations Per Climate Change Concerns

China Anhui Province Becomes the Latest Region to Crack the Whip on Crypto Mining

Anhui, an eastern Chinese province, has become the latest region to shut down all crypto mining activities, citing an acute power shortage. Crypto mining continues to be unwelcome on Chinese soil as authorities continue cracking the whip on this sector. Intensified crackdown on Bitcoin mining According to Reuters, citing a news portal operated by state-owned … Continue reading China Anhui Province Becomes the Latest Region to Crack the Whip on Crypto Mining

Semiconductor Design Company Bitmain Suspends Sales of Antminers in Mainland China

The multinational semiconductor company Bitmain Technology Holding announced that from October 11, 2021, Bitmain’s Antminer will stop shipping to mainland China in order to comply with a series of local bans on strict crackdowns on cryptocurrencies. Earlier, China intensified law enforcement against domestic Bitcoin mining activities. Bitmain has decided to stop the sales of its encrypted mining equipment … Continue reading Semiconductor Design Company Bitmain Suspends Sales of Antminers in Mainland China

US Now Ranks Ahead of China in Total Bitcoin Mining Servers Hosted

As key Chinese regions, including Xinjiang and Inner Mongolia that boasts of many Bitcoin miners, have grown desolate, a new superpower has emerged. According to a report from Reuters, citing data published on Wednesday by Britain’s Cambridge Centre for Alternative Finance, the United States now ranks as the largest Bitcoin mining hub with 35.4% of the global … Continue reading US Now Ranks Ahead of China in Total Bitcoin Mining Servers Hosted

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