Invest ideasNews
6 May 2026, 11:15
Manta Network Shuts Down Staking Program to Protect Token Value
BitcoinWorld Manta Network Shuts Down Staking Program to Protect Token Value Manta Network, the modular blockchain protocol for zero-knowledge (ZK) applications, has officially ended its staking program for the MANTA token. The decision, announced in late April, took effect on April 20, with all staking rewards based on new token issuance permanently halted. Why Manta Network Ended Staking According to the project team, the primary reason for ending the staking program was to prevent long-term dilution of value for existing MANTA holders. Issuing new tokens as staking rewards, the team explained, was gradually reducing the relative value of each token in circulation. By discontinuing this practice, Manta aims to protect the purchasing power and scarcity of MANTA over time. Additionally, the project stated that the move allows the network to better focus its resources and strategic direction. Rather than allocating a portion of new token supply to staking incentives, Manta can now redirect those resources toward ecosystem development, protocol upgrades, and user acquisition. Timeline and Implementation The staking rewards were officially halted on April 20. Users who had staked MANTA tokens prior to this date ceased receiving new token rewards immediately. The staked tokens themselves remain accessible, and users can unstake them according to the network’s standard unbonding period. Manta Network has not announced any alternative reward mechanism or replacement program at this time. Impact on MANTA Holders and the Ecosystem For current MANTA holders, the end of staking rewards removes a source of passive income. However, the project argues that the trade-off is a more sustainable tokenomics model. Without continuous new token issuance, the total supply of MANTA will grow more slowly, potentially supporting price stability and reducing sell pressure from reward recipients. The decision also aligns with a broader trend in the cryptocurrency industry, where several projects have revisited staking reward structures to address inflation concerns. Networks like Ethereum have transitioned to a deflationary model post-Merge, while others have reduced or eliminated staking rewards to better align incentives. Market Reaction and Community Response Following the announcement, the MANTA token experienced moderate price fluctuations, though the market has largely absorbed the news without major volatility. Community reactions have been mixed, with some users expressing disappointment over the loss of staking yields, while others support the long-term value preservation strategy. Manta Network has emphasized that the decision was made after careful analysis of tokenomics and community feedback. The team has not ruled out introducing alternative staking or incentive mechanisms in the future, but no specific plans have been disclosed. Conclusion Manta Network’s decision to end its staking program represents a strategic shift toward token value preservation and resource optimization. While it removes a passive income stream for stakers, the move aims to strengthen the long-term economic foundation of the MANTA token. The project now faces the challenge of maintaining user engagement and network security without the traditional staking incentive structure. FAQs Q1: Why did Manta Network end its staking program? A1: Manta Network ended its staking program to prevent dilution of MANTA token value caused by continuous new token issuance as staking rewards. The project also cited a desire to refocus network resources and strategy. Q2: When did the staking rewards stop? A2: Staking rewards were officially halted on April 20. Users who had staked MANTA tokens stopped receiving new token rewards from that date onward. Q3: Can users still unstake their MANTA tokens? A3: Yes, users can still unstake their MANTA tokens according to the network’s standard unbonding period. The staked tokens themselves remain accessible, and no funds are locked beyond normal unstaking procedures. This post Manta Network Shuts Down Staking Program to Protect Token Value first appeared on BitcoinWorld .
6 May 2026, 10:58
Russia slides on crypto mining rankings over higher electricity costs, stronger ruble
Russia is on its way to losing its spot as the world’s second-largest Bitcoin mining destination, after the United States, to China, which currently occupies third position. Cheaper cryptocurrency, a stronger ruble and constantly growing energy costs are the main factors, industry watchers say, as many Russian miners are now looking to relocate. Russia still holding hashrate share but China is catching up The Russian Federation is still second in terms of share of the Bitcoin hashrate, but it’s expected to drop in the rankings this year, according to experts in the field. Its lead ahead of the People’s Republic is already shrinking, and the trend is likely to continue due to unfavorable economic conditions for crypto mining, the local press unveiled. Among them, the lower price of the leading cryptocurrency, the strengthening Russian ruble and rising electricity rates in the country, Kommersant highlighted in an article on Tuesday. Russia’s stake in the global mining market stood at around 15.5% at the end of 2025, representatives of the industrial mining operator Promminer recalled in conversation with the business daily. The country managed to maintain its second place after the U.S., the undisputed leader, but the difference between its share and China’s approximately 14% is getting smaller. According to its Industrial Mining Association, Russia remains second, as of early 2026, controlling between 13% and 17% of the Bitcoin hashrate, depending on the methodology used for assessment. The analysts at Promminer view these stats as an indication that Russia’s computing power has effectively stopped growing, allowing other nations to expand their own. Miners face growing costs and diminishing returns Moscow regulated mining in 2024, making it Russia’s first fully legal crypto activity, in order to reap the benefits of competitive advantages such as cool climate and abundant energy. However, it has since taken a series of measures to limit its expansion, concentrated in areas offering low-cost, often subsidized electricity rates, including regional bans and higher tariffs. Energy supply issues play a major role in the current situation, Promminer emphasized, adding that mining efficiency depends on production costs. While the average global price of 1 kWh of electricity used in mining is in the range 2.5 – 3 rubles ($0.03 – $0.04), electricity sourced from the grid in Russia exceeded 5 rubles ($0.06). This is causing migration of computing power to jurisdictions providing more favorable operating conditions, the company remarked, elaborating: “We are already seeing a decline in the number of small and medium-sized investors in the industry due to the declining efficiency of mining equipment, resulting from factors beyond their control.” “Electricity is the largest expense in mining – approximately 80% of the budget,” Nikita Navrotsky, technical director of mining at GBIG Mining, recently told RIA Novosti. “At 6-7 rubles per kWh, it’s only profitable if the BTC price is over $80,000. Above 7 rubles per kWh, the farm becomes unprofitable,” he estimated, also quoted by Prime. With an installed capacity of 2.3 – 2.7 GW, mining currently accounts for around 1.5% of the country’s total electricity consumption, according to the Ministry of Energy in Moscow. Plethora of problems dogging Russia’s mining sector While energy prices are rising amid a stagnant global hashrate, some analysts believe the stagnation in Russia’s mining space is more the outcome of a strong ruble than the industry’s declining attractiveness. Mining expenses, including electricity bills and also rent, are paid in rubles, while the revenue is generated in BTC and converted into Russian fiat at its currently high exchange rate. And even if Bitcoin’s value increases again and the U.S. dollar strengthens, the planned introduction of a “take-or-pay” payment scheme for electricity supplied to miners will still hurt long-term investments. Then there’s the hardware aspect, as pointed out by Interhash CEO Alexander Lozben, a key factor for Russian miners who are not used to buying the newest equipment. They are now stuck with outdated rigs that are hardly profitable, and are considering whether to move to other regions rather than expanding their coin minting sites in Russia. If you're reading this, you’re already ahead. Stay there with our newsletter .
6 May 2026, 10:46
Hut 8 Mining reports Q1 results
More on Hut 8 Mining Hut 8 Pre-Earnings: What To Expect From Q1 2026 Hut 8: Why The River Bend Expansion Justifies A Buy Rating Why Investors Are Betting On Hut 8 Despite A $248M Loss Hut 8 Mining Q1 2026 Earnings Preview Bitcoin surge above $80K fuels rally in cryptocurrency-linked stocks
6 May 2026, 09:49
Colombia eyes Bitcoin mining hub in Caribbean region
🚀 Colombia considers building a $BTC mining hub on its Caribbean coast. The region’s vast renewable energy could power large-scale mining. Continue Reading: Colombia eyes Bitcoin mining hub in Caribbean region The post Colombia eyes Bitcoin mining hub in Caribbean region appeared first on COINTURK NEWS .
6 May 2026, 08:32
Colombia eyes clean energy for Bitcoin mining in Caribbean
🚀 Colombia is planning to boost Bitcoin mining using clean energy. Investors are eyeing Caribbean cities like Santa Marta and Barranquilla for new mining hubs. 🇵🇾 Key point: Paraguay now ranks fourth globally in Bitcoin mining power, largely due to cheap hydroelectricity, setting a benchmark for regional growth in $BTC. Continue Reading: Colombia eyes clean energy for Bitcoin mining in Caribbean The post Colombia eyes clean energy for Bitcoin mining in Caribbean appeared first on COINTURK NEWS .
6 May 2026, 08:30
Colombia’s Caribbean Coast Could Power a Bitcoin Mining Boom
Petro pointed to cities like Barranquilla, Santa Marta, and Riohacha as possible mining locations and said the initiative could attract foreign investment and support local economic growth. He also proposed that the Wayúu Indigenous community should become co-owners in future projects. Colombia Backs Renewable Bitcoin Mining Colombian President Gustavo Petro recently suggested that Colombia’s Caribbean coast could become a major hub for Bitcoin mining by taking advantage of the region’s abundant renewable energy resources. In a post that was shared on X, Petro pointed to cities like Barranquilla, Santa Marta, and Riohacha as possible locations for future Bitcoin mining facilities. He believes that the initiative could attract foreign investment while also boosting economic development across the Caribbean region. Petro explained that Colombia could follow a path similar to countries like Paraguay and Venezuela, which have already used surplus hydroelectric and renewable energy to support cryptocurrency mining operations. He made it clear that the project should not only benefit investors and mining companies, but also local communities. In particular, Petro proposed that the Wayúu people, Colombia’s largest Indigenous community located mainly along the Caribbean coast, should become co-owners in any future mining projects. This approach, according to Petro, could help ensure that economic gains are distributed more fairly among local populations. The Colombian president’s comments came in response to observations from Luxor Technology’s Alessandro Cecere, who highlighted Paraguay’s growing role in the global Bitcoin mining industry. Paraguay greatly increased its share of Bitcoin’s global hashrate by leveraging electricity generated from the Itaipu hydroelectric dam. The country has now become one of the world’s largest Bitcoin mining destinations behind major players like the United States, Russia, and China. Many analysts argued that Bitcoin mining can create meaningful economic opportunities for developing nations with access to inexpensive or underused electricity. Hashlabs managing partner Jaran Mellerud previously pointed out that emerging economies can monetize excess energy production through Bitcoin mining rather than letting it go unused. This opportunity may become even larger as some major US mining companies shift portions of their operations toward artificial intelligence infrastructure and high-performance computing services, which currently offer higher profit margins than traditional crypto mining. Colombia may be particularly well-positioned for this transition because of its strong renewable energy profile. A 2024 World Bank report found that around 75% of Colombia’s electricity comes from renewable sources, which is more than double the global average. This could help address some of the environmental concerns associated with Bitcoin mining, especially Petro’s long-standing criticism of mining operations powered by fossil fuels. The president previously warned that energy-intensive crypto mining powered by non-renewable sources could worsen climate change and contribute to global environmental instability. Despite Petro’s optimism, the long-term future of the initiative is still uncertain. His presidential term is set to end in August of 2026, leaving limited time to advance any large-scale Bitcoin mining strategy before a new administration takes office.
