In the heart of an economic crisis, ultra-low utility costs are enabling Argentinians to bank on mining Bitcoin as foreign miners head for their piece of the electricity cake, local …
MoreTag: Bitcoin Mining
China’s crackdown on BTC mining is becoming real
After barring the use and trading of cryptocurrency, Beijing has indicated that it will turn next to cryptocurrency mining. China’s vice-premier Liu He last Friday said the government would clamp down on …
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Cardano Founder Charles Hoskinson Shares His Take on Bitcoin Mining Drama in China
Charles Hoskinson recalls that proof of stake (PoS) systems demonstrate higher mobility and therefore can be deployed “anywhere in the world.” “I wish Chinese miners the best of luck” In …
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Elon Musk & Michael Saylor Lead Effort By Bitcoin (BTC) Miners To Address Environmental Concerns
A little less than two weeks after Tesla TSLA +0.1% CEO Elon Musk kickstarted the plunge of bitcoin and other cryptocurrencies by announcing that the electric car manufacturer would stop accepting bitcoin as …
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Bitcoin (BTC) Miner Says 90% Carbon Neutral
A USA based bitcoin miner has announced they produce almost no carbon when mining bitcoin, DGHI said in a statement. “We are extremely proud to report that over 90% of …
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Bitcoin Miners Cease Operations In China After Vice Premier’s Comments
Chinese Bitcoin miners are scrambling to shift or shut operations after the latest round of ‘crypto FUD’ initiated by the government, a report on news outlet Reuters said today. Crypto exchange Huobi suspended all …
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Crypto Industry Brass Explains Renewable Energy Can Help BTC Miners
The energy consumed by mining — the process that keeps Bitcoin’s blockchain running — has been an increasingly popular topic of discussion in recent weeks. On Friday, CNBC posted an interview with …
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Bitcoin (BTC) mining consumes 8x more electricity than Google & Facebook combined
The rise of bitcoin in popularity and value continues to cast the spotlight on the asset over its potential. However, there is always a lingering question on how much electricity the cryptocurrency …
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Pandemic to turn fracking companies into Bitcoin miners
In 2018, the global cryptocurrency market had crashed, and Sergii Gerasymovych was looking for a way to keep his Bitcoin mining company afloat. He eventually settled on a plan to make …
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Bitcoin mining shares have surpassed BTC by 455% in the past 12 months
Despite the top publicly-listed Bitcoin mining firms operating at losses, their share prices have dramatically outperformed BTC over the past 12 months. Appearing on CNBC, Fundstrat’s vice president of digital …
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