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Local Businesses in New York Urge Governor to Impose Statewide Bitcoin Mining Moratorium
18.10.2021
The governor of New York state, Kathy Hochul, has been urged by a group of local companies to deny business permits to bitcoin miners. The letter specifically asks for the “denial of permits for the Greenidge Generating Station and the Fortistar North Tonawanda Facility.” The letter...
Jack Dorsey Says Square Is Considering Building a ‘Bitcoin Mining System Based on Custom Silicon’
16.10.2021
Following the latest report from Cambridge University that shows a large percentage of the Bitcoin network’s hashrate resides in the United States, the CEO of Twitter and Square, Jack Dorsey, has announced that Square is considering building a “bitcoin mining system based on custom...
Salvadoran President Shares Video of Volcano-Powered Bitcoin Mining Facility
29.9.2021
On Tuesday, Salvadoran president Nayib Bukele shared a video of a bitcoin mine operating adjacent to a volcano. Bukele discussed the volcano-powered bitcoin mining on June 9 when he talked about the “95MW of 100% clean, 0 emissions geothermal energy from our volcanos.”...
Singapore Myanmar Investco Purchases 800 Mining Rigs, Firm Plans to Offer Mining Services
26.8.2021
On August 24, the investment and management company, Singapore Myanmar Investco Limited (SMI), revealed the company is entering the bitcoin mining industry as it has ordered 800 mining rigs to be delivered to Southeast Asia. The move follows a number of firms pivoting toward digital currency...
Bitcoin hashrate triples since June 28 in recovery from China syndrome
25.8.2021
Hashrate has now recovered to early June levels indicating that miners are coming back online after China’s crackdown
Riot Blockchain reports 1,540% increase in quarterly revenue from Bitcoin mining
24.8.2021
Riot Blockchain netted $19.3 million in income for Q2 following its acquisition of Texas mining facility, Whinstone
If you have a Bitcoin miner, turn it on
31.7.2021
The opportunity in Bitcoin mining has never looked better, and the U.S. has the infrastructure to take the chance
Bitcoin Mining Operation Reveals Plans to Convert Coal Ash Landfill Into Solar Farm
29.7.2021
Following the announcement from Greenidge Generation Holdings that detailed the company would be promoting a carbon-neutral stance, and the firm’s recent partnership with Foundry, Greenidge revealed on Thursday it is investing profits into a renewable energy investment program. The company...
New York Town Bemoans Roadside ‘Littered’ With Bitcoin Miners — Officials Plan to Impose 90-Day Moratorium
24.7.2021
A St. Lawrence county town located in New York near the Canadian border, Massena, is another region in the state that is having issues with bitcoin miners. According to recent reports from the local WWNY-TV news desk and Reuters, the Massena town supervisor is drafting new regulations for bitcoin...
Museum of Bitcoin Mining History Opens Its Doors in Venezuela
20.7.2021
A new museum dedicated to the history of bitcoin mining opened its doors in Venezuela last weekend. The institution will allow visitors to learn about the history of cryptocurrency mining, going from its roots to the current state of the mining industry. The museum is part of a private initiative...
Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US
15.7.2021
Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s...
Greenidge Joins Foundry USA, Deal Gives Bitcoin’s Fifth-Largest Pool 800 Petahash
14.7.2021
Greenidge Generation Holdings Inc., the mining firm based in Upstate New York, has announced the company has partnered with the Digital Currency Group mining and staking subsidiary Foundry Digital LLC. Furthermore, Greenidge revealed that it has purchased 2,300 Microbt-manufactured Whatsminer M30S...
123-Year-Old Hydroelectric Plant Sees New Life Mining Bitcoin — Revenue 3x Higher Than Selling to the Grid
9.7.2021
On Thursday local reports from Mechanicville, the city located in Saratoga County, New York, say that an old hydroelectric plant constructed back in 1897 was almost dismantled, but today the plant is mining bitcoins. The Mechanicville facility is considered one of the oldest renewable energy plants...
Hydro plant from 1897 earns 3X as much mining BTC as selling power to the grid
9.7.2021
An historic renewable energy facility in New York has tripled its profits by mining Bitcoin
Iran pauses electricity exports due to crypto mining and hot summer
7.7.2021
Discounted tariffs made Iran attractive to miners, now the country is having a hard time closing the gap between the production and consumption of electricity
Bitcoin Miner Greenidge Generation Plans to Develop South Carolina Mining Facility
4.7.2021
On Friday, the bitcoin mining operation Greenidge Generation Holdings announced the company is expanding to South Carolina in order to develop the firm’s next bitcoin mining facility. Greenidge details that the carbon-neutral Spartanburg facility will be ready in 2021 or early 2022. Bitcoin...
Blockware Mining Raises $25M — Firm Looks to Make ‘Hashrate in the US More Globally Competitive’
30.6.2021
On Wednesday, the North American bitcoin mining operation Blockware Mining announced the firm closed a $25 million investment round. According to the company, Blockware Mining aims to leverage the financing to expand operations “beyond its currently installed North American footprint.”...
Bitcoin’s Hashrate Recoups Some Loss, 2021’s Largest Mining Difficulty Drop Expected Next Week
27.6.2021
On Saturday, Bitcoin’s SHA256 hashrate managed to climb back above the 100 exahash per second region after it slid to a low of 91 EH/s three days ago. Meanwhile, in five days the network’s mining difficulty change is approaching and it could see the difficulty drop over 20%. Bitcoin...
China’s crackdown means Bitcoin is working, says crypto miner
22.6.2021
A former crypto exchange engineer believes that China's ban on Bitcoin mining is “fantastic news.”
Figuring Out How Much Bitcoin Hashrate Resides in Mainland China Still a Mystery
19.6.2021
Over the last few weeks, there have been many reports about crackdowns in China tied to bitcoin mining operations in various provinces. 30-day statistics show the hashrate has been fluctuating wildly, and across the last week it has slid downward roughly 26%. Reports Show Bitcoin Mining Crackdowns...