1. A few days ago, Kazakhstan, in response to protests caused by fuel costs, the country’s telecommunications provider Kazakhtelecom closed the country’s Internet access, resulting in a drop in the hash rate of many Bitcoin mining pools. According to multiple news outlets, compared to the mining pool computing power half a day ago, the most affected are 1THash (down 82%), OKExPool (down 46.3%) and KuCoinPool (down 22.7%). Major mining pools including F2Pool, AntPool, and ViaBTC also saw their hash rates drop by 12.8%, 11.6%, and 19.2%, respectively. Kazakhstan hosts 18 percent of the world’s bitcoin computing power, according to an estimate last fall by the Cambridge Center for Alternative Finance, and as of this month, more than 100 mining companies have registered in Kazakhstan. (the block)
2. Bitfufu, a subsidiary of Bitmain, issued a statement stating that due to the situation in Kazakhstan, local electricity and networks have been affected to varying degrees, resulting in power outages for some computing power orders on the platform. 1 ratio to delay the mining time.
3. Several miners in Kazakhstan told Wu that the network in Kazakhstan was temporarily restored for about 4 hours on January 7. In addition, the 4G network of Chinese operators was also intermittently effective. The industry expects that the country may return to normal next Monday. Because the current riots are mainly concentrated in the urban area of Almaty, and most of the miners are in remote areas. For the time being, no miners and mines have been smashed and robbed. It is only because the network is interrupted that they cannot continue to mine.
4. The Block reported on Wednesday, citing people familiar with the matter, that the U.S. Congress is preparing for a hearing to examine the impact of encryption mining on the environment, especially on the Bitcoin network. In December, Senator Elizabeth Warren sent a letter to Greenidge, a New York mining company, expressing concerns about the company's environmental impact. This was followed by a New York Times article expressing concern about the increase in mining in the state. A person involved in discussions ahead of the Oversight and Investigations subcommittee hearing told The Block that these “recent events in New York State” have prompted the House Energy and Commerce Committee to warn about cryptocurrency mining.
5. According to news reports from the Associated Press, BitNile Holdings, Inc. has signed a purchase agreement with Bitmain for a total of 20,600 bitcoin mining machines, including 4,600 S19 XP (140 TH/s) and 16,000 S19j Pro (100 TH/s) s). According to the agreement, starting from March 2022, it is estimated that 2,300 mining machines will be added every month. After all deployments are completed, BitNile is expected to achieve a computing power of approximately 2.24 EH/s.
6. According to lapoliticaonline, in the outage affecting more than 80,000 users, Cammesa, the Argentine state-owned company that provides electricity, urged users to report whether there is cryptocurrency mining in their area. The government's goal is to stop these businesses. Sources from the undersecretary for electricity expect this to come at an additional cost and require the mining companies to invest in the local power system.
7. Riot Blockchain and Bitmain Technologies signed a non-fixed price sale and purchase agreement, effective on December 24, 2021, to purchase 18,000 Antminer S19 Xp mining machines at a price of approximately US$202.86 million. Marathon has also disclosed the amount and quantity of recent purchases, including 78,000 Bitmain Antminer S-19 XP mining machines, worth $879.06 million, in six shipments.
8. On January 4, Canaan announced the signing of a strategic cooperation agreement to carry out joint mining operations with a number of mining companies in Kazakhstan. As of December 31, 2021, Canaan had a total of 10,300 AvalonMiner mining machines in its mining operations in the country. The company continues to deploy additional computing power in accordance with its mining business expansion plans.
9. Hashrate Index: An inventory of Canadian mining news in 2021. It is expected that Canada’s market share will remain above 10.0%. The Canadian miner group is expanding day by day, through the integration of energy market, ASIC mining machine production, mining farms, software and financial services , the Canadian mining market is becoming more vertically integrated.
10. Core Scientific announced that it dug up 1,044 bitcoins in December, 2,498 bitcoins in the fourth quarter, and 5,769 bitcoins in the whole year. By the end of 2021, Core Scientific operated about 67,000 mining machines for itself, equivalent to 6.6 EH/s. The company has signed contracts to receive more than 100,000 mining machines in 2022.
11. According to the financial circles, on January 6, the US listed company Xiangtai Food (PLIN.US) announced that its subsidiary SonicHash US signed a purchase agreement with HashCow LLC. SonicHash US purchased 686 cryptocurrency mining machines for a total purchase price of $5,995,640. China Xiangtai Food Co., Ltd. is headquartered in Chongqing, China. Through its subsidiaries Chongqing Penglin Food Co., Ltd. and Guang'an Yongpeng Food Co., Ltd., the company is mainly engaged in pork food processing.
12. AMD will start selling its latest cheap GPU, the Radeon RX 6500 XT, on January 19. It retails for $199. Laura Smith, vice president of AMD Radeon, said that there is no 8GB version of the 6500 XT. The 6500 XT also uses a 64-bit memory interface, both of these decisions make the 6500 XT especially bad for Ethereum mining. (arstechnica)
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According to the "Notice on Further Preventing and Dealing with the Risk of Hype in Virtual Currency Transactions" issued by the central bank and other departments, the content of this article is only for information sharing, and does not promote or endorse any operation and investment behavior. Readers are requested to strictly abide by the laws and regulations of the region and do not participate in Any illegal financial conduct. Wu said that without permission, it is forbidden to reprint or copy the content, and those who violate it will be investigated for legal responsibility.
According to the "Notice on Further Preventing and Dealing with the Risk of Hype in Virtual Currency Transactions" issued by the central bank and other departments, the content of this article is only for information sharing, and does not promote or endorse any operation and investment behavior. Readers are requested to strictly abide by the laws and regulations of the region and do not participate in Any illegal financial conduct. Wu said that without permission, it is forbidden to reprint or copy the content, and those who violate it will be investigated for legal responsibility.
