Power

High above the mundane operations on the ground, where physical equipment hums and hard drives spin tirelessly, a digital revolution is reshaping the mining of cryptocurrencies.

On June 30, South Korean tech giant Samsung announced new semiconductor chips that can potentially be employed for mining cryptocurrencies. According to the announcement, the new 3-nanometer process technology will enable 45% optimization of power usage.

Due to the exponential rise of the bitcoin difficulty factor, frustrated bitcoin miners are storming the Ethereum network. According to the Cryptocurrency Mining Index, a large number of miners are shifting their hashing power to the Ethereum blockchain. According to blockchain.com, the current bitcoin difficulty factor is 29.8 trillion.

Ripple (XRP) price is trading above the moving averages, but the price movement is marginal.

Since January 9th, 2009, when the Genesis Block went live, the global blockchain industry has been developing for 13 years so far.

Kazakhstan's Energy Ministry is redoubling its efforts to fight illegal cryptocurrency mining. This week, 13 illegal facilities with a total capacity of over 200 Wt were discovered and shut down.

The government of Kazakhstan is discussing ways to build new power plants to generate additional energy. With this move, the country aims to support the cryptocurrency mining industry.

VirtualStaX enables emerging talents and popular stars to leverage the platform to fund their careers. The heart of the company can be summed up in its mission statement, BELIEVE: Giving people a platform to believe in themselves to power their future, and allowing those who believe in them to participate in their journey in a way that is both rewarding and meaningful.

On December 7, Icelandic utility Landsvirkjun decided to restrict energy supply to industrial companies such as aluminum plants and cryptocurrency miners. The reason for this move is a massive energy shortage.