Bitcoin mining continues to generate news worldwide thanks to its exponential growth. Here we present a summary of the most outstanding.
The Bitcoin mining business continues to stand out in the news as it remains one of the most sought-after activities in the midst of the pandemic. In this sense, millions of people, of all levels of capital, are related to the extraction of cryptocurrencies.
It is noteworthy that there are elements that are influencing this business to continue expanding more rapidly throughout the world. This week we witnessed a key point, it is the rise in the price of the pioneering cryptocurrency.
Although the recent escalation in the price of Bitcoin has not been linear, but in zigzags, it should be noted that it widely exceeded the psychological barrier of $ 10,000 USD per coin. This has begun to attract new investors, and in some cases could mean S9 team reconnections.
Top 5 Bitcoin mining news of the week
Below, we present you the most outstanding information that set the standard in the news about Bitcoin mining:
- Iranian authorities authorize electric power companies to mine Bitcoin.
- The power struggle continues in Bitmain: 10,000 ASIC miners disappear.
- Bitcoin miners increased the sale of cryptocurrencies on exchanges.
- The price increase could directly influence Bitcoin mining activity.
- The network difficulty to mine Bitcoin decreased.
After repression and illegality, it can now be mined in Iran
This roundup of the week’s most notable news in the field of Bitcoin mining begins in the Islamic Republic of Iran. It should be borne in mind that this nation had been one of the greatest obstacles to people dedicated to the business of generating cryptocurrencies.
However, in recent months, more flexibility has been seen by the authorities of the Persian country in this regard. Now, the electricity companies have the green light from the government to provide their services to people or companies that engage in Bitcoin mining.