Global #Bitcoin mining

The national security risks posed by bitcoin mining in Iran have drawn the attention of US Senators Angus King and Elizabeth Warren.

The "hash price," a statistic that is crucial to the profitability of Bitcoin mining, has recently fallen to previously unheard-of levels, raising fears among the mining community.

Over the past few years, power theft for cryptocurrency mining has become an increasingly serious issue in the Malaysian state of Sarawak. Three hidden cryptocurrency mining operations that were found in shophouses and residential residences in the Miri region recently are suspected of stealing electricity.

In order to solve the environmental issues related to Bitcoin mining, PayPal's Blockchain Research Group is putting forth an innovative solution in partnership with Energy Web and DMG Blockchain Solutions. The study employs the fundamental economic tenets of cryptocurrencies to motivate miners to adopt sustainable practices.

In the face of increased regulatory scrutiny, Tether, the company behind the stablecoin USDT, said that it had diversified into four new business areas.

There are now two measures in the Arkansas State House that might limit bitcoin mining in the state. These bills establish the framework for future debates that may result in legislation, even though they have not yet developed into complete laws.

The biggest cryptocurrency's impending code change is causing mining companies to lose money, which is reflected in the sharp drop in stock values of these companies.

Recent remarks made by Iraq's Deputy Prime Minister Muhammad Ali Tamim have sparked conjecture in the Bitcoin community over Iraq's possible nation-state involvement into Bitcoin mining, amid a noteworthy diplomatic engagement between the US and Iraq.

During an interview with Sonali Basak from Bloomberg TV on April 9, 2024, Marathon Digital (NASDAQ: MARA) CEO Fred Thiel provided insights into the evolving landscape of Bitcoin mining and the expected impacts of the upcoming Bitcoin halving, projected around April 20.

Bitcoin mining has often been criticized for its perceived environmental impact, but in reality, it can operate sustainably.

Bitcoin's mining difficulty keeps increasing in anticipation of the momentous halving event, which will slash miner rewards by 50%.

Paraguayan senators have put a pause on the proposed ban on cryptocurrency mining, and are now considering the option of selling surplus energy from the Itaipu hydropower plant to miners instead of exporting it to Brazil and Argentina.