Mining News in August:Russia Officially Legalizes Mining, Mining Costs More Than $50,000, Marathon Labels Bitcoin Made in USA, sponsored by Bitdeer
Title sponsored by Bitdeer, a NASDAQ-listed mining company. 1. An Airbnb owner has been forced to implement a new ‘no crypto mining policy’ after a tenant installed 10 mining rigs that racked up a $1,500 electricity bill in just three weeks. The guest brought the computers to mine crypto at her property, also installed an electric vehicle charging point and told Ashley that he made over $100,000 during his stay. Ashley is not the only Airbnb host with a crypto mining problem. Other Airbnb hosts have also complained about crypto miners running up their electricity bills. Read more 2. Bitdeer announced its unaudited mining and operations updates for July 2024. The delivery of SEAL02 initial tape-out wafers is anticipated for late September 2024. If the testing is successful, mass production is scheduled to commence by the end of 2024. R&D of SEAL03, our third-generation chip, is ongoing. Read more 3. Hut 8 announced that Sean Glennan will become the Company’s new Chief Financial Offi...