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Bitcoin Miner Runs Into a PR Crisis As Local Residents Worry About a Lake
6.7.2021
A Bitcoin (BTC) mining operator in upstate New York is facing protests from residents who claim the firm is “ruining” an idyllic lake with its gas-powered mining activities.
Per NBC News, a resident claimed that “the lake is so warm you feel like you’re in a hot tub.” The body of water...
Bitcoin Mining Report Claims Miner Energy Consumption Mix 56% Sustainable in Q2
4.7.2021
During the last three months, there’s been a significant focus on the effects bitcoin mining has on the global environment. While many have claimed bitcoin mining is bad for the environment and many others have stressed that it affects the environment in a positive way, either way, most...
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...
China's miner exodus a ‘big net positive for crypto,’ Mike Novogratz says
1.7.2021
Despite China's undermining, Bitcoin still exists and survives in lots of ways, Galaxy Digital's CEO says
Crypto miner claims all major Yunnan operations shut down in advance of CCP anniversary
30.6.2021
It's unclear if the shutdowns are due to orders passed down from above or the result of China's announced regulatory crackdown on crypto miners
Polish Miner Uses Solar Panels to Mine Bitcoin, Heat His House
30.6.2021
Seeking to reduce the carbon footprint of his Bitcoin (BTC) mining operations, as well as cut his electricity bill, Paweł Wojciechowski has reached for photovoltaic (PV) modules to mine the cryptocurrency, using the excess heat to warm the water in his household.
Wojciechowski, who runs an...
Crypto miner Hut 8 plans to hold 5K Bitcoin by 2022
28.6.2021
Hut 8 CEO Jaime Leverton said the firm was on track to mine up to 3 additional BTC per day by the end of August
Bitmain ceases Bitcoin miner sales to aid second-hand sellers following China ban
24.6.2021
The Bitcoin mining crackdown in China has significant ramifications for the cryptocurrency industry. Bitmain is stepping up its efforts to ease the burden on Chinese miners looking to offload their equipment in light of the ban
Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply
23.6.2021
By postponing the sales, Bitmain aims to help miners exiting the industry get better prices for mining equipment
Canaan Diversifies Business by Becoming a Bitcoin Miner In Kazakhstan
23.6.2021
Major producer of Bitcoin (BTC) mining equipment Canaan announced it has moved beyond its existing business model and into becoming miners themselves, as "the logical next step" towards optimizing their revenues, strengthening the inventory management and supply chain capabilities,...
Waste Coal-Converting Bitcoin Miner Stronghold Digital Mining Raises $100 Million
23.6.2021
On Tuesday, Stronghold Digital Mining, Inc., an ESG-friendly cryptocurrency miner announced it has raised $105 million in two private equity securities funding rounds. Stronghold’s operations convert waste coal into alternative energy in order to mine bitcoin and other cryptocurrencies....
US miner raises $105M to recycle waste coal into crypto
23.6.2021
Stronghold Digital Mining has raised more than $100 million in two private placements supporting its model for sustainable Bitcoin mining
New Investments, Miner Migration, US Treasury Nominee on Crypto + More News
22.6.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Investments news
Investment firm VanEck filed a new draft prospectus for a bitcoin (BTC) futures mutual fund with the US Securities...
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.”
Bitmain Reveals New Scrypt Miner — Model Mines DOGE and LTC Four-Times Faster Than Today’s Top Machine
20.6.2021
Regional reports from an exposition in Chengdu indicate Bitmain has unveiled a new scrypt ASIC rig for dogecoin, litecoin, digibyte, and verge mining. The Chinese reporter who disclosed the information says the new Bitmain model has a hashrate of around 9,500 megahash per second (MH/s) and overseas...
Miami Mayor Tries to Entice China’s Bitcoin Miners — ‘We Want You to Be Here’
18.6.2021
Miami’s Mayor Francis Suarez told the press on Thursday that his city was open to bitcoin miners from China who are flocking to find new homes. Suarez says he hasn’t actually talked to any miners from China but said he wants them to know the opportunity is there. Miami’s Mayor...
Bitcoin Miner Relocation Within China and Worst Case Scenario
15.6.2021
The relocation of Bitcoin (BTC) miners within China is already underway – and should the situation worsen, they might also be moving out of the country in droves, according to Jiang Zhuoer, CEO of mining pool BTC.TOP. This, however, would lead to hashrate decentralization.
The majority of miners...
Bitcoin Mining Council Goes Live, Elon Musk Gets Sidelined
13.6.2021
The Bitcoin Mining Council has gone live, launching its own website detailing its members and the mission statement of the organization. The council originated as a closed organization, but they are now allowing any miner to join. While Michael Saylor gets a founding member status, the site states...
How Many People Mined BTC Alongside Satoshi? 2010 Data Shows Bitcoin’s Creator Wasn’t the Only Mining Whale
10.6.2021
Throughout 2021, a great number of mysterious whale movements from miners who mined bitcoins in the early days have occurred. This week, 1,000 bitcoin from 2010 were transferred, and the miner has spent 11,000 bitcoin since last year. Old school whale movements like these have made some people...
Bitcoin miner Luxor eyes North American expansion with $5M funding round
10.6.2021
Luxor and NYDIG have teamed up to foster growth for the North American crypto mining industry