Weekend Wrap: Mining Bans, Heat Reuse, Volcanoes and Stocks

Published: Sat, 10/02/21

October 2, 2021
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Editor's Note

4,657 bitcoins were mined since Monday. After Friday’s price jump to above $48,000, all miners are enjoying the weekend.
 

Nation states took center stage in the latest mining news cycles. Iran’s mining ban ended. El Salvador started mining with volcanoes. Kazakhstan is considering new rules for power consumption by miners. And China’s latest round of bans caused multiple pools to leave the country or close entirely.

Thanks for reading Mining Memo this weekend. Our team has a ridiculous amount of great mining content coming in Q4, and we’re excited to send it to your inbox. Enjoy the memes, videos, headlines and articles below, and happy hashing.
 

– Zack

Just Click It

  • El Salvador started mining bitcoin with volcanic energy.
  • Sparkpool, a China-based Ethereum pool, shuts down all its services.
  • BeePool, another China-based Ethereum pool, is also shutting down.
  • Kazakhstan Today headline says power shortages are due to crypto mining.
  • CleakSpark moves all its hashrate to Foundry’s pool.
  • Alibaba will stop selling any crypto mining hardware.
  • Iranian mining resumes after a four-month ban.
  • Tehran Stock Exchange’s CEO resigned after bitcoin miners were found in the basement before the country’s mining ban ended.
  • Bitmain is said to halt hardware sales inside of China.
  • Argo bought 20,000 S19j Pros for its West Texas site.
  • Inner Mongolia seized over 10,000 ASICs from a government tech park.
  • US Senators want the Treasury to study crypto mining regulations.

The Mem(e)pool

Source

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Written by Zack VoellLili Rhodes , and  Will Foxley

  
 

About Compass: Compass is a Bitcoin mining and modern media company focused on driving the mass adoption of cryptocurrency mining.

  
 

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