TSE Sponsored：Global Crypto Mining News (May 23 to May 29)
Ethereum Core developers seem to be in consensus that ETH’s difficulty bomb should be delayed by two to four months. Furthermore, Ethereum developers are keen on not delaying the difficulty bomb by the ‘shorter end of the range.’
This is according to a Twitter update by Ethereum Senior Core Developer Tim Beiko, who also updated that the difficulty bomb could be combined with the client releases for the Bellatrix hard for on the Beacon Chain. He said:
In terms of the delay itself, everyone seemed to agree that 2-4 months is what would be reasonable. Doing less than that is useless, and no one felt like we would need more than that. There seemed to be a slight preference for the shorter end of that range, too.
Filecoin vendor Space Time Cloud said it is assisting in the investigation of a case, and has temporarily handed over the relevant technical account to the local police in order to cooperate with the investigation. The service will be restored gradually after the investigation is completed.
A power generation company in Hubei was punished by the Central China Regulatory Bureau of the National Energy Administration for illegally pulling a special line to supply power to a virtual currency "mining" project. The company's illegal income of RMB 21746.62 was confiscated, and a fine of RMB 43493.24 was imposed, which is twice the illegal income.
Recently, the Development and Reform Bureau of Yueqing City, in conjunction with several departments, focused on virtual currency "mining" special rectification action, a total of 59 IP verification. 82 sets of mining machines, 104 sets of laptops, 117 sets of deleted software, check and kill the virus 20. According to statistics, 11 administrative penalties were imposed, and 77 professional mining machines were confiscated.
According to OKLink data, Bitcoin mining difficulty across the network dropped -4.33% to 29.9T from a block height of 737,856, the largest drop since early July 2021. The next difficulty forecast is for a further -4.29% drop to 28.62T.
According to Nvidia's SEC filing, Nvidia reported revenue of $8.29 billion for the first quarter of fiscal 2023, up 46 percent year-over-year, with record quarterly revenue from data centers and gaming. However, OEM (foundry) and other revenue declined 52 percent year-over-year and 18 percent sequentially due to lower cryptocurrency mining processor revenue, and sequentially due to lower entry-level notebook GPU sales.
After installing NVIDIA's latest 512.95 driver, all Windows-based mining software will revert to the restricted hashrate. reports say this is not helpful, as miners can reinstall the previous 512.77 driver for full-speed mining. YouTube user Juliano Caju reportedly confirmed that the 512.95 driver comes with a mining lock. His RTX 3060 card makes is limited to 25 MH / s ETHhashrate, compared to 46 MH / s after the previous crack. This follows news in early May that Nicehash's new software has support for unlocking crypto mining limits on Nvidia graphics cards.（Videocardz）
BIT Mining reported a 40.4% dip in revenue, totaling $296.7 million, in Q1 2022 compared to the previous three months. The company also saw a net income of $1.2 million, compared to a net loss of $4.1 million for the fourth quarter of 2021, according to an earnings report. The majority of this revenue ($272.3 million) came from the mining pool business, 42.7% sequentially, primarily driven by lower prices. The increase in net income was moved by a decrease in general and administrative expenses, a decrease in losses on disposal of mining machines and a decrease in other operating expenses.（The Block）
Miners extracting digital currencies account for more than 2% of the total volume of electricity consumed in the Russian Federation and their activities need to be recognized and regulated, Russia’s Deputy Minister of Industry and Trade Vasily Shpak stated According to the latest data from the Cambridge Alternative Finance Center, Russia ranks fifth in terms of bitcoin mining capacity, with a hashrate share of about 4.66% and a total installed capacity of 8.74 EH/s.（Bitcoin.com）
A high-ranking representative of the management of Butyrskaya prison, in the Tverskoy District of central Moscow, is under investigation for setting up a crypto mining farm. Also known as Butyrka, this is the oldest prison in Russia, built in the distant 1771The coin minting hardware was found in the premises of a psychiatric clinic run by the Federal Penitentiary Service at the prison. The investigators have so far established that the official, together with his accomplices who are yet to be identified, installed the mining equipment in November 2021. The rigs were extracting cryptocurrency until February of this year.（Bitcoin.com）
Mitsui announced the subscription of shares in Crusoe Energy Systems LLC's parent company, Crusoe Energy Holdings Inc. As a strategic partner of Crusoe Energy, Mitsui will promote collaboration with Crusoe Energy on initiatives in overseas markets.
As previously reported, Crusoe Energy closed a $350 million Series C round led by G2 Venture Partners at a $1.75 billion valuation.
MicroStrategy's Michael Saylor says Bitcoin mining is world's most lucrative use of energy. "I think that we should embrace digital energy," Saylor emphasized. In addition, Saylor said：“I think bitcoin mining is going to spread all around the US. Note the US is the world's largest bitcoin miner, and they will continue to lead if we don't get hostile regulation.”（Seeking Alpha）
The CEO of Geneious and ESG analyst, Daniel Batten, published a report that shows bitcoin mining could help the environment. Batten’s study notes that if bitcoin mining entities “aggressively” targeted leaked methane, bitcoin mining has the potential to avoid 0.15% of warming by 2045.
Batten’s study says that the findings suggest “using bitcoin mining to combust leaking methane can eliminate 5.32% of all global CO2-eq emissions. Batten’s study says that bitcoin mining is one of the only ways to remove carbon emissions in a sustainable fashion. “Reducing methane emissions is the fastest way to reduce global warming and complements CO2 reduction strategies.”（Bitcoin.com）
Defense contractor Lockheed Martin (LMT) and the Filecoin Foundation could soon make an open-source blockchain network accessible in space, the two organizations announced Monday at an event hosted by the Filecoin Foundation on the sidelines of the World Economic Forum's annual meeting.
Lockheed and Filecoin plan to identify a satellite or other space-faring platform that can hold the technology to operate an InterPlanetary File System (IPFS) node, identify that platform's needs and try and identify a test mission.
The idea is to reduce latency when downloading data from remote locations, such as the moon, said Marta Belcher, the head of policy and general counsel at Protocol Labs.（Coindesk）
Metacity’s integration with Filecoin, one of the pioneers in decentralized storage networks, to drive the adoption of decentralized data storage. Metacity is planning to expand the rendering infrastructure around the globe. Metacity will use Filecoin technology to eliminate the limits of storage and networking connections.
SAI.TECH Global Corporation, a global energy-saving bitcoin mining operator, recently launched its "all-in-one" cloud management software SAIHUB APP in the App Store, which provides SAIHUB users an integrated solution for tracking their bitcoin assets, energy consumption, and bitcoin mining information. Moreover, SAIHUB APP delivers a one-stop bitcoin asset management platform for SAIHUB users to manage their bitcoin assets on their mobile phones.（Globenewswire）
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