Mining

The value of bitcoin has jumped somewhat over the past few days given that Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – has changed his tune once again on bitcoin and cryptocurrency mining. Elon Musk Wants to See More Clean Energy Use Elon Musk has taken a lot of guff in recent weeks given that he rescinded a decision to accept bitcoin payments for Tesla-based goods and services before the company even began...

The mayor highlighted that how Miami can efficiently generate an adequate clean nuclear supply to power the Bitcoin mining process in the city.Miami’s Mayor Francis Suarez had offered the city’s clean nuclear power to Chinese BTC miners to stimulate the cryptocurrency operations in the region. Francis Suarez also made clear that he intends to make Miami the next vital hotspot of cryptocurrency undertakings and is actively pursuing the idea to attract international miners by offering the...

The Chinese government has reportedly intensified its crackdown on cryptocurrency mining and usage in the country by shutting down several crypto mining facilities in Sichuan. Sichuan Bitcoin Miners Join the List According to Wu Blockchain, the authorities of the Sichuan province officially issued a statement today, mandating every power supply company in the province to stop providing energy to crypto mining firms. The statement also reportedly clarified that the power...

The Jax.Network blockchain is a unique blockchain solution governed by two native digital crypto coins, JAX and JAXNET (JXN). The two coins offer different utilities, but they work together to ensure that the Jax.Network blockchain operates accordingly and functions properly. When solving the inherent scalability and stability issues faced by blockchain projects, Jax.Network used a rather unconventional approach that involves using two digital coins governing the...

The bitcoin miners who are ousted from China with the latest crackdown could find a place in Miami, Florida. The city’s mayor, Francis Suarez, said he’s working on lowering the costs for electricity in order to attract more miners to the region. BTC Miners Going to Miami? In a recent interview with CNBC, Francis Suarez spoke about the city’s BTC adoption, but this time he specifically focused on mining. He also touched on the topic of using clean energy. Miami’s mayor wants...

Elon Musk should study more bitcoin mining as the cryptocurrency is actually a lot greener than people believe, commented Kraken’s CEO, Jesse Powell. In a recent interview, the executive also admitted that the crypto market has cooled off after the latest bull market. Musk Should Study More BTC Mining Tesla’s CEO made the news last month after the EV-maker disabled bitcoin payments citing environmental concerns. Musk started to frequently bash the high energy consumption...

Amid strong regulatory action and the recent rout of Chinese miners, several mining rigs have gone offline thereby pushing the Bitcoin hashrate downwards. Analysts hope that the Bitcoin hashrate will recover once Chinese miners recover operations.China’s heavy crackdown on local crypto mining operations caused several miners to unplug their rigs and withdraw operations. Some of the miners are also considering moving to overseas locations like North America and Europe. As this happens, the...

Huobi, one of China’s most popular Bitcoin exchanges, has reportedly slashed their maximum leverage allowance from 125x to less than 5x for existing users on the back of China’s regulatory crackdown on cryptocurrencies. New users signing up to the platform will not be able to use leverage at all. Exclusive: Due to concerns about regulatory policies, China’s largest exchange Huobi recently restricted the leverage of existing users to less than 5x after stopping new users in...

Together Canaan and Genesis Digital Assets will strive to deliver and ascertain ease in crypto agreements and transactions.Canaan (NASDAQ: CAN) is one of the major computing solution organizations that deal in delivering high-performance digital communication systems. The company has recently announced that they have received an order to manufacture 10000 Bitcoin Mining Machines for Genesis Digital Assets, a leading organization dealing in Bitcoin mining and distribution. Canaan will process...

Bitcoin mining stocks have performed much better than Bitcoin has in the last one year. These stocks are rising despite China’s crackdown.The three largest Bitcoin mining stocks are rising, following crashes seen across these companies’ valuations last month. These stocks have pulled in considerable weight over the last month, regardless of souring Bitcoin mining sentiments palpable across different geographic regions.According to a recent report, the three companies include Riot Blockchain...