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Argentina Energy Provider Seals New Bitcoin Mining Deal
9.5.2024
Argentina’s state-run energy provider has completed a new Bitcoin (BTC) mining deal that will see the firm use associated gas to power 1,200 ASIC mining rigs in Patagonia.
The post Argentina Energy Provider Seals New Bitcoin Mining Deal appeared first on Cryptonews
Russian Government Crypto Chief: Mining Regulation Is Our Priority
9.4.2024
The Russian government crypto working group chairman believes Bitcoin (BTC) mining regulation is now a priority for Moscow.
The post Russian Government Crypto Chief: Mining Regulation Is Our Priority appeared first on Cryptonews
Bitcoin Mining Not A Threat to Public Safety – Rep Emmer Criticizes OMB’s Abuse of Power
23.2.2024
United States lawmaker Tom Emmer has criticized the Office of Management and Budget’s (OMB) decision to approve the Energy Information Administration (EIA) request to collect data on Bitcoin (BTC) mining firms.
The post Bitcoin Mining Not A Threat to Public Safety – Rep Emmer Criticizes...
New Crypto Mining Sensation BlockDAG Coin Expected to Surge 100x to $0.05, Beats Bitcoin and Litecoin Returns
14.2.2024
Crypto mining has quickly gone from an obscure industry to an industry so big that Bitcoin (BTC) mining alone consumes over 0.6% of the United States’s electricity, not to mention other minable coins such as Litecoin (LTC). Similarly to investing in energy stocks, mining crypto pits the allure...
Bitcoin Mining Rig Maker Canaan Secures $50 Million In Preferred Shares Sale
26.1.2024
Bitcoin (BTC) mining rig manufacturer, Canaan Inc has raised $50 million in a new funding round by selling preferred shares. The company disclosed the development in a recent filing at the Securities and Exchange Commission (SEC) stating that funds raised will be deployed to expand research...
BitRiver – Bitcoin Mining More Profitable in Russia Than US
23.1.2024
The head of Russia’s biggest crypto mining firm says that Bitcoin (BTC) mining is more profitable in his country than in the United States – and that halving will only heighten the discrepancy. Per RBC, Igor Runets, the Founder and CEO of BitRiver, said the difference would likely become more...
Bitcoin Mining Using Sustainable Energy With a Record High of 54.5% in 2023
18.1.2024
Sustainable energy use for Bitcoin (BTC) mining reached an all-time high of 54.5% in 2023, a 3.6% increase throughout the calendar year. The analysis, conducted by The Bitcoin ESG Forecast, compared Bitcoin’s sustainable energy mix to other industries using publicly available data over...
Cipher Mining Boosts Capacity with 16,700 New Bitcoin Miners
4.1.2024
Source: Adobe / Photocreo Bednarek Prominent Bitcoin (BTC) mining firm Cipher Mining has acquired 16,700 new mining rigs, aiming to position itself as one of the leading players in the industry following the anticipated Bitcoin halving event in April. The company plans to install these...
Indonesian Authorities Raid Ten Crypto Mining Facilities for Energy Theft
29.12.2023
Source: AdobeStock / Photocreo Bednarek Indonesian authorities crack down on ten Bitcoin (BTC) mining sites for stealing energy from the national grid to power mining operations in the country. According to reports from local media outlets, the government moved in on ten crypto mining sites whose...
Student by Day, Crypto Miner by Night: NYU Undergrad’s $6 Million Empire
28.12.2023
Source: AdobeStock / LIGHTFIELD STUDIOS Jerry Yu is a 23-year-old student at New York University. He’s also the majority owner of a Bitcoin (BTC) mining farm in the US, fighting legal battles and various allegations. Yu, a Chinese national and US resident, is what the Chinese call...
Jack Dorsey-Backed Bitcoin Mining Pool Refuses To Process Ordinals Transactions – What’s Going On?
7.12.2023
Jack Dorsey. Source: a video screenshot OCEAN – a newly launched Bitcoin (BTC) mining pool backed by Jack Dorsey – has updated its mining software to exclude Bitcoin ordinals transactions from the blocks that it generates. Ordinals is a protocol for issuing NFTs and alternative tokens on...
Bitcoin Water Footprint Adds Pressure to Mining Regulations: Report
1.12.2023
Source: Pixabay / Michael Wuensch Popular Bitcoin (BTC) critic Alex De Vries says the asset uses about 16,000 liters of water which can fill a pool for each transaction on the network, a claim that has sparked diverse reactions. In a study released on Nov 29, De Vries opined that Bitcoin has...
Celsius Network’s Bitcoin Mining Pivot Faces Hurdles, Judge Suggests New Vote
1.12.2023
Source: Adobe Celsius’ Bitcoin (BTC) mining plans face obstacles as a United States judge hints at a possible new vote to clear deviations. According to a Reuters report on Nov 30, Celsius may require another creditor vote to change its business operations from a mining and staking enterprise...
Crypto Advocates Mention Bitcoin Mining as a “Critical Tool” for Clean Energy and Balancing Grid
28.11.2023
Source: AdobeStock / Photocreo Bednarek A number of crypto advocates have emphasized the significance of Bitcoin (BTC) mining as a “critical tool” for clean energy usage and grid balancing. In a recently published working paper titled “Leveraging Bitcoin Miners as Flexible Load...
Satellite Images Show Bhutan’s Secret State-Owned Bitcoin Mining Facilities
23.11.2023
Image Source: Pixabay Satellite images have uncovered Bhutan’s undisclosed state-owned Bitcoin (BTC) mining operations. The landlocked Himalayan nation, known for its seclusion and breathtaking landscapes, has transformed itself into a crypto haven under the rule of King Jigme Khesar Namgyel...
Report: Bitcoin Mining Project Initiates Construction of Hydro-Powered Facility in Nigeria
21.11.2023
A Nigerian startup named Trojan Mining is constructing a hydro-powered facility dedicated to bitcoin (BTC) mining in the African country, according to a recent report. Over the weekend, Trojan unveiled the creation of its mining container, locally produced and designed for a 500-kilowatt (KW)...
Argentina Presidential Candidate Proposes Mining Bitcoin With Residual Natural Gas, Faces Skepticism
3.11.2023
Argentina’s presidential hopeful Sergio Massa unveiled plans to utilize excess natural gas from the Vaca Muerta oil fields to mine Bitcoin. However, following his proposal, the local crypto community opposed the government’s direct involvement in Bitcoin (BTC) mining. In late October...
How Bitcoin miners can survive a hostile market — and the 2024 halving
20.9.2023
Bitcoin mining is becoming harder — which means miners will have to spend more to receive fewer rewards. But there are still ways to be profitable
Bitcoin Mining Difficulty Dips 2.65%; Network Clocks Modest Uptick in Hash Price
6.9.2023
On Tuesday, September 5, 2023, Bitcoin’s mining difficulty experienced a 2.65% dip at block height 806,400, offering a slight reprieve for miners. This marks the first decline since July 26, when a 2.94% slide was recorded at block height 802,368. Bitcoin Miners See Relief With 2.65%...
Green Bitcoin Mining: Nodal Power Secures $13M for Landfill Gas Conversion
30.8.2023
Utah-based Nodal Power, which specializes in turning landfill gas into energy for powering bitcoin (BTC) mining hubs, recently announced a successful $13 million seed round backed by strategic investors. Bryan Black, Nodal’s CEO, stressed the technology’s “potential to make...