
August 24th, 2025
The July 1st report of the Bitcoin Mining Council became questionable, as some mining companies have ceased operation in major parts of China, and many companies are banned for supporting crypto-related businesses.
The recent intensive crackdown of the Bitcoin has led to price decline. Bitcoin is currently trading at the $34,200 level.
The recent Sichuan region ban has caused up to a 65% drop in GPU prices, cementing China’s continuous suspension of crypto mining operations.
With the 2024 halving still about 1198 days, the stakes seem higher, perhaps because of the volatility of the trading market in 2021.
The 16% decrease in Bitcoin mining increased the average time it takes to produce a block to 11 minutes 55 seconds. Now miners are anticipating an even harder crackdown on Bitcoin mining and starting to move their operations.
In response to the energy use claims by Elon Musk, crypto investor and advocate Peter McCormack shared a Twitter thread explaininyg wh he considers that Elon Musk is uninformed in many Bitcoin-related aspects.
On Earth day, Chris Larsen in a blog post argued why he thinks Bitcoin needs to reconsider Proof-of-Work when validating transactions. As the oldest and the world’s most dominant crypto asset, its core technology remains largely unchanged.
The sum of the deal between Riot Blockchain and Whinstone totals $651 million, $80 million of this amount will be paid in cash.
The aspirations of Miami City as noted by Suarez to be a Bitcoin mining hub are in complete contrast to the recent position taken by China’s Inner Mongolia.
The move by Inner Mongolia to curb its crypto mining operations stems from Beijing’s concerns about the region’s inability to meet up with energy efficiency standards.
There is a great variety of ways to earn Bitcoins (BTC). Besides the most known like trading and mining, there are some other options to get BTC in form of crypto interest, cashback or through affiliate marketing.
Bitcoin (BTC) mining difficulty has reached a new record high of 17 trillion. However, the price stays at the same levels without changes.
Kevin Rooke reported that Grayscale Investment had increased its purchase rate of new Bitcoins mined after the halving event by 150%, which demonstrates an increased demand for the cryptocurrency.
Bitcoin price is rising today. BTC has gained almost 8% to set a daily high of $9,660 but the price is still not adequate for small BTC miners.
The Bitcoin Mining Map offered by Cambridge Centre for Alternative Finance shows the region-wise concentration of the BTC hash rate. It demonstrates that China alone dominates 65% of the total global hash rate.