Bitcoin (BTC) has become considerably more decentralized in the past year, one metric suggests — and the trend is growing. According to data from on-chain data resource Blockchain.com, hash rate distribution …
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Historical New York power plant resorts to mine Bitcoin with excess energy instead of selling it
Mechanicville Power Station, a historical hydroelectric power plant based in New York has resorted to mining Bitcoin with some of the power it produces. “It’s the best [type of bitcoin …
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Iran to prepare bill to centralize and regulate cryptocurrency use
Iranian lawmakers recently drafted a bill to “support cryptocurrency mining and organizing the domestic market for exchanges.” The plan involves making the Central Bank of Iran the primary regulatory body regarding the …
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Kazakhstan to tax crypto mining starting from 2022
The Kazakhstan government has imposed a new law that will see cryptocurrency mining taxed. The government published an official notice saying that the head of state had signed the law into effect …
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Blockware Mining raises $25 million to triple hash rate from Kentucky facility
Blockware raised $25M in a second oversubscribed round to expand bitcoin mining operations in Kentucky. The mining company plans to use the funds to expand their bitcoin mining operations in …
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Use of renewable energy for BTC mining increased 52.2% in 2021
The Bitcoin Mining Council, an organization created to promote the use of renewable energy in the Bitcoin mining industry, has released its first compendium on the state of the art …
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Tesla competitor’s new electric car starts mining BTC, ETH, and DOGE today.
Canadian light electric vehicle maker Daymak has announced that the first prototype of Spiritus, its futuristic three-wheeler, will start mining BTC, ETH, DOGE, and other cryptocurrencies today. The process will …
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Argo Blockchain takes $20M loan to build a new Bitcoin mining facility in Texas
Argo Blockchain is a U.K.-based bitcoin mining firm. Recently, it got $20M loan, with six-months load period, in order to build out its facility in Texas, U.S. The loan is …
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