MiningDennis Sahlstrom

Cryptocurrency Miners Selling Mining Devices by Kilo in China Due to Market Decline
Mining
Cryptocurrency Miners Selling Mining Devices by “Kilo” in China Due to Market Decline
According to the Chinese crypto outlet, 8BTC crypto miners in China are selling their equipment. 8BTC used the mining pool F2Pool as a reference regarding the selloff. Cryptocurrency mining not profitable The cryptocurrency market is declining rapidly, and the price of bitcoin fell below $4,300 during November 20. Bitcoin hit a 13-month low in price, and we see great losses across the whole cryptocurrency market. According to Coinmarketcap.com, the total…
Bitcoin Mining Farms Lose Government Subsidies in Norway
Mining
Bitcoin Mining Farms Lose Government Subsidies in Norway
Crypto industry in Norway has been dealt a huge blow as the government moved to halt the electricity subsidies for the bitcoin mining companies. According to local media, the new state budget states that, starting from January 1st, crypto miners will have to pay the normal electricity tax. Bitcoin mining will not be profitable Currently, BTC mining enterprises with a capacity of more than 0.5 megawatts enjoy the electricity discount,…
The Lower Interest In Crypto Mining Brings Nvidia’s Share Price Down 17 Per cent
Mining
The Lower Interest In Crypto Mining Brings Nvidia’s Share Price Down 17 Per cent
The tech giant Nvidia released its earnings report for the third quarter (Q3). The report revealed that the demand for Nvidia’s graphics processing units (GPUs) among crypto miners has dried up. Why has the demand for crypto mining dried up? Jensen Huang, the founder and CEO of Nvidia, stated in the report that 2018 has been harsh for crypto miners. The crypto hype in 2017 drove up the prices and…
The Town of Ephrata, Washington Imposes a Yearlong Ban on New Crypto Mining Operations
Mining
The Town of Ephrata, Washington Imposes a Yearlong Ban on New Crypto Mining Operations
The town of Ephrata, Washington has become the latest in a growing number of Grant County (public utility district) communities, trying to hinder crypto mining activities within their borders. The city council of Ephrata, which is a community of around 8,000, has voted 6-1 in favour of blocking new crypto mining operations for at least a year, reports the Washington news outlet Spokesman. The only council member voting against the…