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Latest Mining News and Insights | Yellow.com
Trust Yellow.com for the latest and most reliable Mining news and insights. Stay informed with accurate updates, expert analyses, and comprehensive articles on Mining trends and market movements.
News
Paraguay Declares War on Illegal Bitcoin Mining, 10,000 Rigs Seized
Jul 17, 2024
Paraguay's Bitcoin mining crackdown has reached a new milestone. The country has seized over 10,000 ASIC miners this year. This puts it on par with Venezuela's recent enforcement efforts. The National Electricity Administration (ANDE) has conducted more than 70 raids. These targeted suspected Bitcoi
Electricity Theft by Crypto Miners Costs Malaysia $723M Over Five Years
Jul 11, 2024
Illegal cryptocurrency mining operations in Malaysia have stolen electricity worth astounding $723 million between 2018 and 2023. Their profits from Bitcoin and Ethereum mining for that period remains unknown, yet it would be fare to assume the sum is also epic. This revelation comes from Akmal Nasr
Jack Dorsey's Block Sells First Bitcoin Mining Chips to Core Scientific
Jul 10, 2024
Block has announced its first customer for its 3nm mining ASICs. The buyer is Core Scientific, a major Bitcoin mining firm. This deal is significant in the history of Bitcoin mining, as it proves Jack Dorsey is a a real visionary far beyond Twitter. Core Scientific will receive chips with 15 exahash
Bitcoin Mining Difficulty Signals Potential Price Bottom: Bullish Era Ahead?
Jul 10, 2024
The Bitcoin mining industry is facing challenges. This could be a bullish sign for Bitcoin's price, based on historical data. Bitcoin's total hash rate has declined. It dropped from 658 exahashes per second (EH/s) in late May to 556 EH/s on June 28. This data comes from Hashrate Index. Hash rate mea
Riot Platforms Achieves 50% Hash Rate Increase, Mines 255 Bitcoin in June
Jul 05, 2024
Riot Platforms reported a significant, almost 50% increase in its deployed hash rate during June. The company's hash rate in Bitcoin mining rose from 14.7 exahashes per second (EH/s) to 22 EH/s. This surge enabled Riot, a prominent Bitcoin mining firm, to mine 255 Bitcoin in June. That is a nearly 2
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