The difficulty of mining a bitcoin block fell by 7.32% today, with miners powering off machines as a brutal bear market eats into profit. The mining difficulty automatically adjusts according to the hashrate, or computing power, that’s online in order to keep the time it takes to mine a bitcoin block roughly stable: The more miners are working, the higher the difficulty becomes.

United States Senator Ted Cruz wants to make the American state of Texas an oasis for Bitcoin (BTC) and cryptocurrencies. Speaking at the Texas Blockchain Summit 2022 in late November, the politician empathized how the crypto industry can be strategic for the U.S. energy supply and technological development. 

The American organization that operates Texas’s electrical grid, ERCOT, has published a study that shows bitcoin mining operations are instrumental in direct response systems. The report’s researchers studied the installed generation capacity based on historical data and extreme peak load scenarios. The report indicates that bitcoin mining operations are able to curtail their operations and relieve roughly 1.7 gigawatts (GW) of energy during the Texas winter.

FTX and Alameda <a href="https://ambcrypto.com/heres-the-good-news-in-a-post-ftx-collapse-world/" target="_blank">breakdown</a> controversies continue to hit the spotlight in the cryptosphere. The latest revelation gives insight into Alameda’s investments. According to a <a href="https://www.bloomberg.com/news/articles/2022-12-02/alameda-bet-big-on-crypto-miner-genesis-digital-before-sector-implosion?utm_campaign=socialflow-organic&amp;utm_medium=social&amp;utm_source=twitter&amp;utm_content=crypto&amp;leadSource=uverify%20wall" target="_blank">report</a> by Bloomberg, FTX’s venture arm had high hopes for <a href="https://ambcrypto.com/will-bitcoin-mining-expansion-help-btc-recover-this-month/" target="_blank">Bitcoin mining</a> as it invested as much as $1.15 billion in Genesis Digital Assets in four funding rounds.

A new report by Kommersant revealed that sales of Bitcoin mining machines in the country surged rapidly in the fourth quarter, a trend backed by a resurgence of demand, despite the chaotic price action of the crypto-asset.

Bitcoin mining revenues fell 19.9% in November to about $472.64 million, according to <a href="https://www.theblockresearch.com/september-by-the-numbers-2-174035" target="_blank">data compiled by The Block Research</a>.

Bitcoin miners have suffered the maximum during this massive price correction. On-chain data suggests that the Bitcoin miner capitulation has officially begun hinting at further pain ahead in the price of BTC. Bitcoin miner capitulation is a scenario that occurs when the Bitcoin price drops wherein it becomes difficult for some miners to hold the BTC profitably. As a result, they are forced to sell and move off the network. (coingape)

Most bitcoin mining stocks tracked by The Block traded lower on Monday, continuing a longer-term trend.&nbsp;

If there is one thing that the mainstream associates Bitcoin mining with, it’s the excessive usage of electricity.

New York City mayor Eric Adams is still focused on making New York a crypto hub, but he believes that goal can be combined with statewide efforts to curb environmental costs related to crypto mining, according to reports on Nov 25.&nbsp;