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Goldman Sachs: Gold Is Becoming Poor Man’s Crypto


Goldman Sachs’ head of energy research says, “Just like we argue that silver is the poor man’s gold, gold is maybe becoming the poor man’s crypto.” He sees funds starting to flow from gold into bitcoin as inflation fears escalate, noting that “We’ve...

Animal Crossing: How To Grow Wheat And Other Crops For Food Recipes


Being able to cook and grow new crops are some of the biggest changes in the new update for Animal Crossing: New Horizons. You can make all kinds of dishes and even regular DIY recipes. There’s just one problem. Most of these new delicious-looking recipes require items we’ve never seen before,...

Bitfarms Reveals Argentina Mega-Mining Farm Location Details


Bitfarms, the Canada-based Bitcoin mining unicorn, has at last revealed details about its activities in Argentina. The company says that the Bitcoin mega mining farm, whose construction started last month, will be built in the province of Cordoba, in association with a private power plant. Bitfarms...

Amid Risk of Power Deficit, Ukraine Shuts Down Another Crypto Farm


With а growing threat of electricity shortages in the winter months, Ukraine has busted another large coin minting facility illegally drawing power from the grid. The country’s security agency announced it’s stepping up efforts to ensure the nation’s energy system...

Australian Dollar Rises While Energy Prices Keep Soaring


The AUD witnessed a slight surge after the Australian CPI numbers were released recently. Q3 headline inflation arrived with 0.8% q/q versus the forecast of 0.8%. Meanwhile, the annual headline rate reached 3.0% in y/y against the expected 3.1%. The former reached 0.7% q/q instead of 0.5% with...

Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates


Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms...

Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells


Companies involved in oil production in Russia have come up with a project to organize the mining of cryptocurrencies right next to the oil fields they are exploiting. Data centers devoted to coin minting can be powered by the excess gas released during oil extraction which would otherwise...

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