Crypto Mining

The updated mining law submitted for consideration by the Duma has several differences from the original version.

Our world has changed a lot in the last few years. Digitalization has become a new reality. The pandemic forced businesses to go online and think about innovations. One such innovation in cryptocurrencies is experiencing a real "boom"! They are multiplying in the market, and it is very easy to get overwhelmed. However, some cryptocurrencies stand out from the rest, for example, PLC Ultima, with a 400% growth rate in just one month.

Uzbekistan approved mining using solar energy. The corresponding law was signed by the President of the country.

A single miner working in the CKPool pool has added block #733739 to the bitcoin network. Mining reward (minus fees) was 6,229 BTC.

Analysts report that the bitcoin hashrate has reached its highest value since the advent of the first cryptocurrency.

A recent report by Arcane Research said that the profitability of bitcoin mining may decrease. This can happen under the pressure of two factors - a reduced cost of bitcoin and an increase in the hash rate in the blockchain.

The authorities of Kazakhstan are planning to increase the taxation of mining farms, tying it to the cost of bitcoin. The head of the Ministry of Economy of the state announced the possibility of changing the current legislation.

The event, which will be held April 20-21 in Moscow, will showcase new ASICs from MicroBT. We are talking about Whatsminer M50 mining devices, which will be presented by Uminers.

At the recent Bitcoin-2022 conference, Canaan introduced the new Avalon 1266 ASIC miner, which, in terms of its technical characteristics, is similar to the Bitmain Antminer S19 and S19 Pro models.

Elon Musk's company, in partnership with Block and Blockstream, will build a mining center for BTC mining. It will run on solar energy.