https://t.me/Mining_Crypto_Miner

2022-11-06 18:25:05 Foundry Academy Launches Training Program to Produce Top Technicians for BTC Mining Industry

Foundry Digital, a digital asset mining and a staking-focused subsidiary of Digital Asset Group, has announced the launch of a new bitcoin mining hardware training program. The training course, which is expected to commence on Nov. 7, is expected to help professionals and enthusiasts.

Foundry Digital, a subsidiary of Digital Asset Group (DCG), has announced the launch of a new training course for individuals seeking to further “their education in the areas of installation, maintenance and troubleshooting of bitcoin mining machines.” The three-day training program seeks to produce top technicians for what has been described as “the fast-growing mining industry.”

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2022-11-05 20:25:04 Russia Plans to Allow Mining of Any Cryptocurrency, Lawmaker Unveils

Newly proposed legislation aims to permit the minting of any cryptocurrency in Russia, a prominent lawmaker has revealed. While the draft law states that the circulation of the minted coins should take place outside Russian jurisdiction, an upcoming bill provides for their use under “experimental regimes.”

After rejecting one crypto mining bill for being fragmented and ambiguous, Russian lawmakers accepted to review another draft law, which more comprehensively regulates the extraction of digital currencies in the country. The main goal of the latest legislative proposal is to permit the minting of all cryptocurrencies, according to Anatoly Aksakov who heads the Financial Market Committee at the State Duma, the lower house of Russia’s bicameral legislature.

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2022-11-05 11:56:15 Open / Comment

2022-11-04 17:08:02 Crypto Miner Marathon Digital Mines Record 615 Bitcoin in October

Marathon Digital Holdings (MARA) mined 615 bitcoin in October, the highest monthly total in its history, showing that its struggle to bring hashrate online is behind it, the firm said in a press release on Wednesday. Asset-light Marathon, which works with hosting firms and doesn't own the infrastructure behind its mining machines, has had a tough few months.

Most of its hashrate was knocked offline by a June storm in Montana. Its hosting partner Compute North, one of the largest in the U.S., filed for chapter 11 bankruptcy in late September, unsettling the market about Marathon's deployment prospects. Despite these headwinds, Marathon energized 32,000 machines during October, increasing its hashrate by 84%. The miner's computing power is now 7 exahash/second (EH/s), the press release said, making it one of the world's largest miners.

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2022-11-03 19:43:02 Digihost Bucks Bearish Trend Among Bitcoin Miners, Remains Cash-Flow Positive

Canadian bitcoin miner Digihost (DGHI) remains debt free and cash-flow positive despite a wider downturn across the crypto-mining industry, according to a press release from the company on Tuesday. The Nasdaq-listed company mined 74.58 bitcoins (BTC) in October, a 78% increase from last October.

The crypto-mining industry has been thrust into uncertainty this year because of soaring energy prices and a market downtrend. Bitcoin miners have felt the squeeze, including Core Scientific (CORZ), which said that it may explore bankruptcy if its financial situation fails to improve. Digihost, meanwhile, now holds about $2.45 million worth of bitcoin and $1.29 million of ether (ETH) based on crypto prices on Oct. 31. It also holds $3.42 million in cash.

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2022-11-02 19:02:02 Bitcoin miners struggle as energy prices rise and hash prices fall

Bitcoin prices have continued to hold near $20,000 this past week, but some miners are crumbling as spiking energy prices and historically low hash prices cut into profits. Even though bitcoin’s price has been down for a while and has fallen about 56% year to date, the dominoes just began to fall for Bitcoin miners. What’s driving the implosion?

“Miners are struggling for a multitude of reasons right now,” Nick Hansen, CEO of crypto-mining firm Luxor, said to TechCrunch. “We’re seeing historically low hash price, which means that miner revenues are at all-time lows.”Hash price is a metric to determine the market value for each unit of hashing power, which is set through changes in Bitcoin mining difficulty (which is currently high) and the price of the cryptocurrency.

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2022-11-01 21:21:02 Bitcoin Miner Argo's $27M Fundraise Falls Through; Shares Plunge

Argo Blockchain's (ARB) said a deal to raise 24 million British pounds (US$27 million) from a strategic investor has fallen through, sending the bitcoin mining company's shares tumbling as much as 72%. The London-based firm, which earlier this month signed a letter of intent to sell 87 million shares to the investor.

The bitcoin mining industry is at a critical moment as it battles soaring energy prices coupled with the stagnated value of cryptocurrencies. Last week, Core Scientific (CORZ) warned investors that it may have to consider bankruptcy, while in September crypto mining data center Compute North filed for Chapter 11 bankruptcy after it emerged that it owed $500 million to at least 200 creditors. They have lost some 92% this year.

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2022-10-31 15:25:02 Bitcoin May Face Selling Pressure Due to Potential Bankruptcies in Mining Sector

According to cryptocurrency analytics firm Messari, Bitcoin, the world’s largest cryptocurrency by market capitalization, is likely to face additional selling pressure if mining companies start filing for bankruptcy. Public Bitcoin miners have been forced to sell their Bitcoin holdings in order to be able to finance their operations.

Mining companies are having a hard time staying due to a double-whammy of increasing Bitcoin mining difficulty and plunging prices. Moreover, miners are struggling to pay their electricity bills due to high costs. Earlier this week, Core Scientific, the biggest Bitcoin mining company in the world, shocked the industry by stating that it was exploring bankruptcy due to its dire financial conditions. The shares of the publicly traded company crashed by a whopping 77% on the news.

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2022-10-30 18:43:02 New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament

A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian parliament after the rejection of an earlier bill which was aiming to allow domestic crypto payments as well.

Russian lawmakers will review a new legislative proposal for the legalization of cryptocurrency mining, which has seen significant growth over the past few years. Announcing the filing of the bill on Sputnik radio, the Chair of the parliamentary Financial Market Committee Anatoly Aksakov pointed out that the document authorizes the use of cryptocurrencies as a means of payment outside the country.

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