TSE Sponsored:Global Crypto Mining News (July 25 to July 31)
Colin Wu . 2022-08-01 . Mining


AntPool, the mining pool affiliated with mining rig giant Bitmain, has invested $10 million to support the Ethereum Classic ecosystem and plans to continue investing more, the pool's CEO, Lv Lei, said at Bitmain's World Digital Mining Summit . The initial $10 million investment went to the development and exploration of applications of the Ethereum Classic mainnet, as to promote the overall performance of the network. Bitmain will be accepting payments in ETC for all of its Antminer models.(CoinDesk)

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Core Scientific announced that it has entered into a colocation agreement to increase its hosting business by 75MW. The recently signed colocation agreement will generate approximately $50 million in annual revenue when the ASIC servers are fully deployed. Server deployments will begin in the third quarter of this year, with full deployment to be completed during 2022. With the addition of these units, the Company expects to be operating approximately 325,000 ASIC servers in its data centers before year end.

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On July 27, according to official news, Poolin Coinprint Mining Pool announced that it has officially launched DCRN mining pool. decred-Next is a brand new public chain created by a hard fork after the original Decred upgraded v1.7 due to a divergence in community consensus, Decred-Next retains the original Decred's hybrid 60% POW, 30% POS and 10% vault Decred-Next retains the high security, strong adaptability and sustainability features of the original Decred's 60% POW, 30% POS and 10% vault hybrid consensus mechanism.


Foundry Digital LLC, a bitcoin mining infrastructure provider, has launched a new logistics arm to streamline many of the hurdles associated with the purchasing of new bitcoin mining hardware. Foundry Logistics ensures cost-effective and predictable deliveries for new hardware by providing clients with customs clearance, insurance guidance, ocean shipment solutions, national warehouse solutions and other domestic logistics.(Bitcoin Magazine)

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Glassnode data shows, BTC Miners' Balance just reached a 4-year high of 1,845,303.361. Previous 4-year high of 1,843,536.853 was observed on 26 July 2022.

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Iran’s Ministry of Energy has changed certain crypto mining regulations to ease access to renewable power for entities authorized to mint digital currencies in the Islamic Republic. Licensed miners will now be able to purchase electricity produced from renewable sources from across the country at lower rates.

Until now, mining enterprises could only sign contracts with renewable power plants located in the same province, pointed out Mohammad Khodadadi, an official at the Iran Power Generation, Transmission and Distribution Company (Tavanir). Iranian firms mining legally with clean energy will not be charged the regular transmission fees for using the country’s electricity network.

Tavanir vowed to impose severe measures against unlicensed cryptocurrency miners, raising fines for illegal mining activities by 400%. According to official data released in May, the Iranian government had identified and closed down almost 7,000 facilities minting digital coins outside the law.(Bitcoin.com)

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2Miners data shows that the current ETC network-wide hashrate is 31.9 TH/s, close to the all-time high of 33.09 TH/s set on July 29.


ETC has added 184% this month, while scaling systemPolygon's MATIC and decentralized exchange Uniswap's UNI have gained 102% and 86% respectively, CoinDesk data show. Industry leader bitcoin (BTC) had added 20% and ether 60% at press time. The total crypto market capitalization has rebounded to $1.14 trillion from last month's $762.82 billion low. In addition, the price of ETC topped US$45 at one point today on the mainstream exchanges.

"ETC is being driven by speculation that ETH miners will go to ETC and potentially, there could be another hard fork benefitting them," Lucas Outumuro, head of research at IntoTheBlock, said. The data shows that ETC has often seen large increases in the time around past Ether upgrades, such as during the Ether Berlin hard fork upgrade in April 2021.

"Ethereum's mining network is made up of two types of hardware: ASICs and GPUs," Messari's Sami Kasab said in a research report. "The problem with ASICs is that they can't be repurposed for different applications besides mining ETH. Ethereum Classic is the only other PoW coin that can be mined with an ETH ASIC, since its hashing algorithm is compatible with ETH's algorithm."(CoinDesk)

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Bitcoin miner Bitfarms has announced the completion of the second phase of the expansion of its "The Bunker" mining facility, adding approximately 18 megawatts of capacity, installing a total of 9,450 bitcoin miners and increasing hashrate by 200 PH/s. The mine now has a hashrate of 3.8 EH/s.

The Bunker begins operations in March 2022 with the completion of the data centre in Phase 3. The goal of the third phase is to add 3,250 miners, which will add 325 PH/s.Bitcoin.com)

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In an interview, Canaan executives detailed the success of its pilot mining operation in Kazakhstan and shared plans to expand to the United States. As of the first quarter of 2022, the company had revenues of $213 million and held nearly 167 bitcoins, worth nearly $4 million at press time.(nasdaq)

Top Speed Energy (www.tsedata.com) is committed to spearheading the definition of cryptocurrency mining services in North America.

With years of experience in the local natural gas landscape (original website: www.topspeedenergy.com), on top of run-of-the-mill Grid-powered Bitcoin mining facilities, TSE also extends to set up 100% natural gas-powered facilities as well as 100% hydroelectric ones across a plethora of states and provinces in USA and Canada, including but not limited to Texas, Ohio, North Dakota, British Columbia, and Alberta.

TSE features a double-shift operation and maintenance team, delivering one-hour response promise to ensure the streamline operations of clients’s miners all year around.

Being a local player in North America, TSE poses itself as a trustworthy partner to international clientele - it can assist foreign clients with local incorporation registry, tax planning among with legal advice to help them enter the North American mining market safely and worry-free, in a compliant way.

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