New York bill proposes to ban crypto mining for 3 years over carbon concerns

Crypto miners in New York may be subject to a forced three-year hiatus if the latest environmentally-focused bill passes in the state senate. The New York Senate Bill 6486 was proposed by Democrat senator Kevin S. Parker, the Chairman of Committee on Energy and Telecommunications, and co-sponsored by fellow Democrat senator Rachel May, the Chair of Committee on Aging, Chair of Legislative Commission on Rural Resources. The bill is yet to receive widespread backing from other senators, however the Democrats do control the lower house and senate. The bill seeks…

Bitcoin mining in China set for ‘stricter supervision’ due to carbon concerns

China’s crypto mining operations may be set for stricter supervision in the future, with the Government reportedly concerned about the energy consumption of Bitcoin mining in particular. Beijing sent an “emergency notice” to conduct checks on data centres involved in Bitcoin and other cryptocurrency mining operations on April 27, which was reportedly met with some panic in China. However Chinese columnist Colin Wu or Wu Blockchain on Twitter, was quick to downplay fears of how this could impact Chinese Bitcoin miners in the short term, noting that: “This caused some…

Nvidia again limiting crypto mining on its RTX-3060 gaming graphics card

Graphics card giant Nvidia is quietly reintroducing a hash rate limiter on its RTX 3060 series graphics cards in an effort to disincentivize cryptocurrency miners. On April 29 the company issued the GeForce 466.27 driver that reintroduces RTX 3060 cryptomining limiter. GeForce 466.27 driver release notes, Source: Nvidia According to sources reported by computer news site Videocardz, Nvidia will release the new ‘Lite Hash Rate’ models in mid-May which will be almost identical to previous versions of the same cards. The gaming giant had originally limited the hash on the…

Former gov’t official blames crypto mining for energy crisis in Kyrgyzstan

Amid growing concerns over the energy sector in Kyrgyzstan, a former government official has argued that cryptocurrency mining is a major factor driving the energy crisis. Daniyar Akmatov, former director of the state investment protection organization, the Investment Promotion and Protection Agency, addressed the challenges in Kyrgyzstan’s energy sector at a roundtable in Bishkek, local news agency Tazabek reports Wednesday. The former official said that crypto mining is causing issues for the country’s energy sector alongside other factors like the devaluation of the Kyrgyz som, and poor promotion of energy…

Aave Liquidity Mining Program Is Ready to Launch

Key Takeaways Aave’s liquidity mining program will distribute close to $1 million daily, split equally between lenders and borrowers. Most of these rewards will go to stablecoin pools to increase the liquidity of DeFi stablecoins. The platform has already attracted more than $1 billion in liquidity. Share this article Aave has launched liquidity mining, which will allow lenders and borrowers to receive additional token rewards from the platform. Incentivizing Participation in DeFi Aave’s governance community overwhelmingly voted to pass AIP-16, unlocking stkAAVE rewards for liquidity providers on select pools. These…

Aave v2 launches liquidity mining program targeting stablecoin borrowers

Aave has launched liquidity mining incentives for its v2 protocol, paying out governance token rewards exceeding 20% to users who borrow stablecoins.  At the time of writing, users who deposit stablecoins into the protocol can earn an addition yield of between 4.78% and 13.49% on top of their regular gains in the form of staked AAVE (stkAAVE) tokens. Wrapped Bitcoin deposits are also paying an extra 4.59%, while Ether deposits are garnering 2.11% in rewards. However, the highest rewards appear to be going to stablecoin borrowers, who are currently receiving…

The convergence between Tesla, SpaceX, renewable energy and Bitcoin mining

Tesla — a top 10 company in the Fortune 100 that is run by one of the world’s wealthiest people, Elon Musk — transferred $1.5 billion of its treasury cash into Bitcoin (BTC) in early February. Musk’s Bitcoin purchase startled traditional investors, who now had to understand how their investment in Tesla would relate to Bitcoin. Currently, much of Tesla’s revenue comes from selling surplus renewable energy credits, or RECs, which will dry up in the next several years as competing automakers produce their own zero-emissions vehicles and build up…

Lending giant Aave set to launch liquidity mining program

With a liquidity mining program set to launch on Monday, Aave could be on the cusp of becoming the dominant decentralized finance (DeFi) ledning protocol.  Earlier today, Aave Improvement Proposal (AIP) 16 reached quorum, meaning that starting on Monday, 4/26 liquidity providers and borrowers in Aave’s USDC, DAI, USDT, GUSD, ETH, and WBTC pools will earn stAAVE rewards in addition to their standard interest yield. Per AIP 16, providers and borrowers in these pools will split 2,200 stAAVE tokens per day from the protocol’s current 2.9 million AAVE Ecosystem Reserve,…

Leaked Nvidia RTX 3080 Ti GPU shown mining Ether at 118 Mh/s

Nvidia’s RTX 30 series of graphics cards have been subject to unending speculation, rumors and even ridicule since the firm first announced it would ship its latest GPU’s with a built-in Ether (ETH) mining limiter. A series of missteps saw the mining limiter on Nvidia’s RTX 3060 card first undone by crafty hackers and then completely removed by one of Nvidia’s own driver updates. The latest in a series of leaks now suggests Nvidia’s next major GPU release — the RTX 3080 Ti — could be shipped without a cryptocurrency mining…