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Poolin launches Ethereum hash rate token worth $30 million

Poolin halts payout for BTC, ETH hash rate tokens after China’s crackdown

Poolin, one of the major Chinese crypto mining pools, has temporarily halted the bitcoin and ether mining payouts to users who have staked their hash rate tokens on Poolin’s Mars protocol. Poolin said in a blog post on Friday that the operations of its proprietary bitcoin miners that serve as the underlying assets backing its …

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Bitcoin mining chipmaker TSMC to invest $100 billion over three years to grow its capacity

China coal mine accidents may be behind bitcoin’s hash rate drop

Recent security incidents in several coal mines in China appear to have had a ripple effect on bitcoin’s mining hash rate. Over the past two weeks, there have been three security accidents in coal mines in China’s Shanxi, Guizhou and Xinjiang provinces due to gas explosion and flooding, according to Chinese state media Xinhua. The …

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New York Power Plant Greenidge Has Sold Up to 30% of Its Bitcoin Mining Hash Rate

New York Power Plant Greenidge Has Sold Up to 30% of Its Bitcoin Mining Hash Rate

Greenidge Generation, an upstate New York power plant that’s using proprietary facilities to mine bitcoin (BTC), has sold up to 30 percent of its computing power to institutional buyers. The firm said in an announcement on Friday that the deal, brokered by BitOoda Digital, proceeded the sale of 106,000 terahashes per second (TH/s) of bitcoin …

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