Mining

The People’s Bank of China (PBoC) published a document reminding that digital assets are banned within the country and added that operating with exchanges will also be prohibited. As a result, BTC dumped by $3,000 in an hour. China’s negative stance on the cryptocurrency space has been wildly known for years, and the nation tends to frequently remind investors about it. The central bank highlighted the illegal status of digital assets once more on Friday. The statement also...

[PRESS RELEASE – Please Read Disclaimer] On Sept 9, 2021, BitFuFu attended the 2021 Digital Mining Conference held in Miami, the US, Also, BitFuFu showed the results of its global business layout to the audience and the promotion of green energy applications in the encrypted mining industry. The conference was held by mining giant Bitmain. Numerous leading KOLs and enterprises were invited to the conference. Miami’s City Mayor Francis X. Suarez and the former Chief of Staff...

According to a recent study conducted by Bloomberg, the amount of energy used for crypto and bitcoin mining purposes in 2021 already outdoes all the energy used in 2020, and we’re not even three quarters of the way through the year. Crypto Mining Is Using a Lot of Electricity Some environmentalists are taking this as a bad sign. It suggests that people are not only mining more but may be increasing the carbon footprint that already stems from the mining industry. So far...

A new form of making money from gaming has rocked the NFT gaming world. For those new to the platform, NFT stands for ‘non-fungible token’ which can be anything from an artwork to a coin. With the new take on NFT gaming – CGU, or Crypto Gaming United – founder Sergio Sergienko takes the concept and improves it by offering a genuine chance for players to make real profit simply by playing a game. Initially launched in Australia and the Philippines, Sergienko believes the...

It looks like China is still not done clamping down on the crypto mining space. Another region known as the Hebei province has agreed to comply with Beijing’s ruling that all crypto mining should be omitted from China’s workforce. The province is now claiming that the practice is illegal and must end within its borders no later than September 30. China Is Still Kicking Miners Out China shocked the world not too long ago when it decided that all crypto mining should...

While worries about Bitcoin’s energy use abound, new analysis shows that the network has already consumed more power than it did during the entirety of last year. Bitcoin’s Rising Power Consumption As reported by Bloomberg, “the network reportedly consumed about 67TWh of electricity in 2020, and its total consumption has already surpassed this in 2021”. By the end of the year, the analysts predict that Bitcoin will have used 91 TWh of electricity, rivaling the consumption of...

Da der jährliche Stromverbrauch um sieben Prozent gestiegen ist, erklärt die iranische Elektrizitätsagentur das Bitcoin Mining für illegal. Foto: Iranischer Safran. 80% des weltweit produzierten Safran stammt aus dem Iran. Foto CC0 Public Domain via Pixabay Digitale Währungen wie Bitcoin spielen eine weiterhin steigende Rolle in der Wirtschaft des Iran. Der Staat hat vielfältige wirtschaftliche Sorgen, sodass das Land auf Suche nach...

Kevin O’Leary, aka Mr. Wonderful on “Shark Tank,” has always been around to discuss his thoughts and ideas on cryptocurrency. Kevin O’Leary Always Has Something to Say Not too long ago, the famed investor commented that he would no longer be purchasing any more bitcoin mined in China given that the country was not known for employing green methods when it came to mining crypto. This was all before China embarked on an anti-mining crusade that would ultimately see all...

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Argo Blockchain – a crypto mining company stationed in London – has borrowed more than 18 million pounds from Galaxy Digital, the hedge fund run by crypto mogul and billionaire investor Mike Novogratz. The purpose? To establish a new mining project in Texas that runs entirely on green energy. Argo Blockchain Has Set Its Sights on Texas The argument for green energy in the crypto mining sector has grown exponentially over the past few months. There are many statements...