miners Archives - NEWS TV USA

Bitcoin miners look to software to help balance the Texas grid

Although Bitcoin (BTC) mining remains a controversial topic, it’s becoming more common to hear how Bitcoin mining can help balance grid demand. This is being demonstrated in the state of Texas, as Bitcoin miners are able to participate in demand response programs, which incentivize miners to turn off their operations during peak demand.  A spokesperson … Read more

Bitcoin miners ‘next trigger’ for BTC price crash as outflows hit multi-month highs

Bitcoin (BTC) miners could form the next BTC price “trigger,” research warns as withdrawals intensify. In a Quicktake post for on-chain analytics platform CryptoQuant on Nov. 10, contributor MAC.D suggested that miners could soon face “bankruptcy.” Research: Network conditions “will strangle” miners After BTC/USD fell 20% in a matter of days, miners began operating at a … Read more

Quebec’s energy manager to seek government approval to stop powering crypto miners

Hydro-Québec, the firm managing electricity across the Canadian province of Quebec, plans to reallocate energy supplied to crypto mining firms.  According to a Nov. 3 tweet from Canadian lawmaker Pierre Fitzgibbon, the government will request a decree from the energy board to release the company from its obligation to power crypto miners in the province. … Read more

Ottawa orders Chinese companies to exit three Canadian lithium miners

Breadcrumb Trail Links News Mining Electric Vehicles Commodities Steps taken for national security reasons under the Investment Canada Act, minister says Publishing date: Nov 03, 2022  •  2 minutes ago  •  5 minute read  •  9 Comments Industry Minister François-Philippe Champagne said that following a “multi-step national security review process,” the government has asked Sinomine Rare … Read more

Bitcoin price due sub-$20K dip, traders warn amid claim miners ‘capitulating’

Bitcoin (BTC) climbed back to $20,500 at the Oct. 28 Wall Street open as United States equities sought a stronger finish to the week. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bets of $20,000 support fail increas Data from Cointelegraph Markets Pro and TradingView showed BTC/USD capitalizing on renewed optimism as markets began trading. The … Read more

Public Bitcoin miners’ hash rate is booming — But is it actually bearish for BTC price?

The share of the Bitcoin (BTC) network controlled by publicly held mining companies could grow to 40% by mid-2023, according to a new report by Hashrate Index. But this could bring more stress to an already bearish BTC market. Public Bitcoin miners’ hash rate jumps 295% in a year The outlook appeared after assessing the hash rate … Read more

Kentucky basketball coach John Calipari treats miner’s family to tickets

Pikeville, Kentucky, is a town of fewer than 8,000 people nestled in the eastern part of the state among the Appalachian mountains. Even though it sits nearly 150 miles from the Kentucky men’s basketball team’s home court at Rupp Arena in Lexington, Big Blue Nation remains strong in the area – especially with one devoted … Read more

Low hash price, soaring energy costs spell tough Q3 for Bitcoin miners

Energy problems in North America and Europe and prevailing market conditions have spelled another bleak quarter for Bitcoin (BTC) mining operators on both continents. The latest Q3 mining report from Hashrate Index has highlighted several factors that have led to a significantly lower hash price and higher cost to produce 1 BTC. Hash price is the … Read more

Binance launches $500M lending project to support crypto miners

Binance Pool, a mining subsidiary of Binance, launched a $500 million lending project to support the crypto mining industry. It will provide loans to private blue-chip Bitcoin (BTC) crypto miners.  According to the official blog post from Oct. 14, the Binance Pool will provide access to a $500 million loan fund on several conditions, which … Read more