coinradar.news - December 9, 2024
Russian Academics Develop AI to Combat Illegal Crypto Mining
Breakthrough technology aims to identify energy theft and shut down illicit mining operations.
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The ministry is prepared to supply bitcoin miners with surplus electricity in times of abundance.
Rising energy costs and halving effects have drastically altered Bitcoin solo-mining economics worldwide.
Dormant Bitcoin wallets from 2009, containing 250 BTC worth $15.9 million, have been reactivated, fueling speculation within the crypto community.
In Germany, 47 crypto exchanges were shut down because they were involved in cybercrime. The exchanges helped their customers to launder money. They did not ask for proof of identity.
The BTC mine consumed around 80 GWh of electricity per year.
Ted Cruz advocates for Bitcoin as a critical energy reserve for Texas, highlighting its potential to bolster the state's grid during emergencies.
The daily earnings of Bitcoin miners have fallen to a new annual low of USD 2.5 million.
We've got some big plans! Bitcoin mining company Marathon Digital is looking to sell convertible bonds worth 250 million US dollars to finance Bitcoin. Read this news article to find out how much Bitcoin the world's largest Bitcoin miner holds and what it plans to do with the sale of the bonds.
Vladimir Putin has signed a law that makes it legal to mine cryptocurrency in Russia. Only registered Russian companies and individuals can mine, but there are exceptions for those who use a lot less energy. The law also says that foreign digital assets can be traded on Russian blockchain platforms.
Marathon Digital Holdings, the biggest Bitcoin miner, bought $100 million more of BTC, showing their belief in Bitcoin's worth. The company has decided to hold Bitcoin as a long-term investment, showing their confidence in the cryptocurrency.
It looks like Bitcoin is going to keep on rising over the long term, as are many mining shares. What's behind the industry's ongoing financial challenges?
Canadian cryptocurrency mining firm HIVE Digital has announced its plans to construct a 100-megawatt Bitcoin mining center in Paraguay, aiming to significantly boost its revenue.
