Mining
Latest news, analysis, and updates on Mining from A47 News.
54 stories in Crypto · Updated live
Ethiopia Cuts Bitcoin Mining Power Supply to 23% Due to Hydropower Shortage
Ethiopia has reduced electricity allocations to Bitcoin miners to 23% of contracted levels as of September 15, 2026, due to a significant drop in reservoir inflows caused by El Niño. The immediate trigger for this decision was a 20% decrease in hydropower generation, prompting Ethiopian Electric Power to prioritize residential and industrial users over mining operations. Long-term implications may include further restrictions on mining and electricity exports, impacting the revenue generated from this sector amid shifting global Bitcoin mining economics.
Brent Kovar Convicted in $24 Million AI Supercomputer Crypto Ponzi Scheme
On August 24, 2026, Brent C. Kovar was convicted of operating a $24 million Ponzi scheme involving a fraudulent AI supercomputer for cryptocurrency mining. The conviction follows a lengthy investigation and trial, triggered by Kovar's false promises of high returns and substantial crypto reserves to over 400 investors. This case highlights the increasing scrutiny and enforcement actions against cryptocurrency fraud, likely leading to more stringent regulations in the sector.
Cypherpunk Technologies acquires 18% of Zcash network hashrate through $33.33 million deal
Cypherpunk Technologies has secured approximately 18% of the Zcash network hashrate by acquiring a U.S.-based mining fleet for $33.33 million. This strategic move is driven by the company's aim to enhance its ZEC treasury strategy and capitalize on the profitability of Zcash mining compared to Bitcoin. In the long term, this positions Cypherpunk as a leading player in the privacy-coin mining sector, potentially influencing market dynamics and Zcash's value.
BIP-110 Proposal Rejected by Bitcoin Miners Sparking Governance Debate
The BIP-110 proposal aimed at implementing a soft fork in Bitcoin to reduce spam transactions was rejected by miners, leading to the creation of a minority chain that is significantly lagging behind the main Bitcoin chain. This rejection, supported by 99.85% of hashpower, highlights the overwhelming influence of major mining pools on Bitcoin's governance at this critical moment. The long-term implication may involve renewed discussions on governance structures within the Bitcoin community to prevent similar failures in the future.
Latest Stories
Ethiopia Cuts Bitcoin Mining Power Supply to 23% Due to Hydropower Shortage
Ethiopia has reduced electricity allocations to Bitcoin miners to 23% of contracted levels as of September 15, 2026, due to a significant drop in reservoir inflows caused by El Niño. The immediate trigger for this decision was a 20% decrease in hydropower generation, prompting Ethiopian Electric Power to prioritize residential and industrial users over mining operations. Long-term implications may include further restrictions on mining and electricity exports, impacting the revenue generated from this sector amid shifting global Bitcoin mining economics.
Brent Kovar Convicted in $24 Million AI Supercomputer Crypto Ponzi Scheme
On August 24, 2026, Brent C. Kovar was convicted of operating a $24 million Ponzi scheme involving a fraudulent AI supercomputer for cryptocurrency mining. The conviction follows a lengthy investigation and trial, triggered by Kovar's false promises of high returns and substantial crypto reserves to over 400 investors. This case highlights the increasing scrutiny and enforcement actions against cryptocurrency fraud, likely leading to more stringent regulations in the sector.
Cypherpunk Technologies acquires 18% of Zcash network hashrate through $33.33 million deal
Cypherpunk Technologies has secured approximately 18% of the Zcash network hashrate by acquiring a U.S.-based mining fleet for $33.33 million. This strategic move is driven by the company's aim to enhance its ZEC treasury strategy and capitalize on the profitability of Zcash mining compared to Bitcoin. In the long term, this positions Cypherpunk as a leading player in the privacy-coin mining sector, potentially influencing market dynamics and Zcash's value.
BIP-110 Proposal Rejected by Bitcoin Miners Sparking Governance Debate
The BIP-110 proposal aimed at implementing a soft fork in Bitcoin to reduce spam transactions was rejected by miners, leading to the creation of a minority chain that is significantly lagging behind the main Bitcoin chain. This rejection, supported by 99.85% of hashpower, highlights the overwhelming influence of major mining pools on Bitcoin's governance at this critical moment. The long-term implication may involve renewed discussions on governance structures within the Bitcoin community to prevent similar failures in the future.