Global Crypto Mining News ( Jan 3 to Jan 9）
Kazakhstan's government has cut off internet access amid escalating protests, and the country's bitcoin mining operations appear to be caught up in the fray.A comparison of mining pool hashrates from half a day ago — preceding the broader internet crackdown, as reported by multiple news outlets— and now indicates a decline in rates for numerous mining pools. The most significantly impacted are 1THash (82% decline), OKExPool (46.3% decline) and KuCoinPool (22.7% decline).
The situation is notable given that Kazakhstan is home to as much as 18% of the world's bitcoin hashrate, as estimated last fall by the Cambridge Centre for Alternative Finance. Major pools including F2Pool, AntPool and ViaBTC also saw declines, of 12.8%, 11.6% and 19.2%, respectively. In addition, as of this month, more than 100 mining companies have been registered in Kazakhstan.
Bitfufu, a subsidiary of Bitmain, issued a statement saying that due to the situation in Kazakhstan, the local electricity and internet have been affected to varying degrees, resulting in power outages for some of the platform's hashrate orders. The mining time of affected packages will be postponed in a 1:1 ratio.
A number of Kazakh miners told WuBlockchain that kazakhstan's network was restored briefly for about four hours on January 7, and 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 unrest is mainly concentrated in almaty city, most of the miners are in remote areas, there are no reports of miners in the mine was beaten, looting, but because of the network interruption can not continue to mine.
A Congressional subcommittee is preparing a hearing to examine the environmental impact of cryptocurrencies, especially bitcoin mining, three sources with knowledge of the matter have told The Block. In October, more than 70 environmental groups wrote to leaders in the House and Senate asking for oversight. And in early December, Senator Elizabeth Warren wrote to Greenidge, the most well-known mining operation in the New York controversy, asking them to account for their practices. Days later, the New York Times put out a report critical of the rise of mining in the state. State lawmaker Anna Kelles has been sounding the alarm on these environmental concerns since early this year.
BitNile has entered into purchase agreements for a total of 20,600 Bitcoin miners. The purchase agreements include 4,600 environmentally friendly S19 XP Antminers from Bitmain Technologies Limited (“ Bitmain ”) that feature a processing power of 140 terahashes per second (“ TH/s ”) and 16,000 S19j Pro Antminers that feature a processing power of 100 TH/s.
As previously announced, starting in November 2021, BitNile began receiving 300 S19j Pro Antminers per month in accordance with the purchase agreement with Bitmain. Beginning in March of 2022, this schedule will increase to an expected 2,300 Miners per month. Once all 20,600 miners are fully deployed and operational, BitNile is expected to achieve mining production capacity of approximately 2.24 exahashes per second.
In a blackout that affected more than 80,000 customers, Argentina's state-owned Cammesa, which provides electricity, urged users to report whether cryptocurrency mining was taking place in their area, lapoliticaonline reported. The government's goal is to stop these companies. Sources from the Deputy Minister of Electricity expect that additional fees will be charged for this, and that these mining companies will be required to invest in the local electricity system.
Riot Blockchain has entered into a non-fixed price sale and purchase agreement with Bitmain Technologies, effective December 24, 2021, to purchase 18,000 Antminer S19 Xp miners for approximately $202.86 million. Marathon has also disclosed the amount and number of recent purchases, including 78,000 Bitmain's Antminer S-19 XP miners, valued at US$879.06 million, in six separate shipments.
On Jan.4, Chinese crypto mining rig maker Canaan entered into strategic collaborations with multiple mining firms in Kazakhstan. As of Dec. 31, Canaan had 10,300 AvalonMiners in operation in Kazakhstan. The Company continues to deploy additional computing capacity in line with its mining business expansion plans.
Hashrate Index：The Canadian mining news roundup for 2021 is expected to remain above 10.0% market share. The Canadian mining community is growing, and the Canadian mining market is becoming more vertically integrated through the consolidation of energy markets, ASIC miner production, mines, software and financial services.
Digital asset mining company Core Scientific mined a total of 1,044 bitcoin in December, taking its total for the year to 5,769. Core Scientific operates around 67,000 ASICS mining machines, representing a hashrate of 6.6 EH/s. The company has contracts in place to receive over 100,000 mining machines in 2022.
On January 6th, US-listed Fragrant State Foods (PLIN.US) announced that its subsidiary SonicHash US entered into a purchase agreement with HashCow LLC. SonicHash US purchased 686 cryptocurrency miners for a total purchase price of US$5,995,640. China Fragrance State Foods Ltd. is headquartered in Chongqing, China. Through its Chongqing Penglin Food Co. and Guang'an Yongpeng Food Co., the company specializes in food processing of pork.
AMD will begin selling its latest budget GPU, the Radeon RX 6500 XT, on January 19th. Its retail price is $199. AMD Radeon VP Laura Smith said, there isn’t an 8GB version of the 6500 XT. The 6500 XT also uses a 64-bit memory interface Both of these decisions make the 6500 XT bad for Ethereum mining in particular.
On January 9, superphiz, a security advisor to the ethereum beacon chain community, said the Ethereum fork Bellatrix will merge the current chain with the new PoS beacon chain. This fork will NOT enable withdrawals from the beacon chain, expect staked Ether withdraws to be enabled about six months after the merge. After the merge, traditional GPU mining will no longer take place on Ethereum, instead, the network will be secured by Proof of Stake validators who will begin receiving transaction fee rewards at the merge. In addition, superphiz expects Bellatrix to be implemented in June 2022, opening up beacon chain pledged ETH withdrawals in December.