Mining

It goes without saying that Tesla took center stage last week when the company announced it would no longer support bitcoin payments for its electric vehicles. The message seems to have resonated, as Greenidge Generation Bitcoin Mining has vowed to be carbon neutral in 2021 and beyond. Carbon Neutral Bitcoin Mining After announcing plans to expand its Bitcoin mining operations last month, Greenidge is now looking to go entirely carbon neutral this year and in the future. The...

SpiderDAO expects to build a bridge between its ERC20 token holders that will give them access to the SpiderDAO Parachain.SpiderDAO is bringing its Liquidity as Utility (LaU) program to users of Hypersigns’ premier authentication solution. The strategic partnership will allow a wide community of $HID holders to benefit from SpiderDAO’s privacy services after the token’s launch on June 3rd. This includes free access to SpiderDAO’s decentralized VPN service by just participating in the $HID...

To say that last week was eventful would be an understatement. The entire market went through extreme volatility. Many altcoins charted new all-time highs and went through serious declines as well. Let’s start with Bitcoin. The cryptocurrency is currently down about 10% on the weekly – last Friday, it was trading at around $57K. Unfortunately, it was all downhill from there, with the exception of the first few days as on Monday, BTC had an unsuccessful attempt at the coveted...

However, Elon noted that Tesla will not sell the existing Bitcoin investment as they plan to use it once the mining shifts to renewable and greener energy sources. Bitcoin price slid as much as 15%, below $50,000, after Elon Musk halted Tesla Inc (NASDAQ: TSLA) purchases with the cryptocurrency due to environmental concerns. The asset shed over 10k in a few hours, with over $365 billion wiped out in the liquidation. Consequently, almost the whole cryptocurrency market was affected by the...

Despite the sudden price correction, bitcoin’s fundamentals continue to reach new highs. The asset’s hash rate has recovered its recent declines and marked a new ATH. Accordingly, the network’s mining difficulty saw its most significant increase in nearly seven years to a new record level as well. Hash Rate and Mining Difficulty to New Records Bitcoin’s hash rate is the measuring unit of the processing power on the asset’s blockchain. The general rule of thumb suggests that...

Anthony Scaramucci said he’s willing to wager 500K Satoshis that, within a year, Tesla or Solar City will announce its entry into “super clean” bitcoin mining. The electric automaker, Tesla Inc (NASDAQ: TSLA) steered a new milestone in the cryptocurrency ecosystem back in February when it invested $1.5 billion in Bitcoin (BTC). The company, led by Elon Musk created a new utility for the first digital currency when it declared it has started accepting the cryptocurrency as payments for its...

Though initially Tesla was strongly interested in Bitcoin, now the company will look for its “green” alternatives.Electric vehicle company Tesla Inc (NASDAQ: TSLA) will no longer accept Bitcoin as a form of payment for its vehicles. Tesla CEO Elon Musk cited environmental concerns as the main reason for the move. He also revealed that the company was looking into more energy-efficient, “green” coins instead of Bitcoin.According to the research conducted by Houston-based TGR Datacenters,...

Chia Coin uses a proof-of-space system that relies on the storage capacity of devices used in mining instead of computing power.The price of Chia Coin looks to have rebounded, after losing almost half of its value amid its network and mining issues. Chia coin was highly anticipated ahead of its launch as it was dubbed an ‘eco-friendly’ alternative to Bitcoin. Chia coin debuted on the crypto scene on May 3, with a unit going for $1,600 per listing price. The price of the digital coin soon...

Software & analytics company Palantir has announced that they will be accepting Bitcoin as a payment method. Palantir will also consider purchasing Bitcoin or other cryptocurrencies to store on their balance sheet. Thiel Bets Big on Bitcoin Peter Thiel, the co-founder of Palantir (and, notably, PayPal), has been a long-standing cryptocurrency advocate. The company announced that it now accepts BTC for payments and even considers adding it to its balance sheet. As early as...

QANPlatform – a project that is on a mission of building a quantum-resistant hybrid blockchain protocol, secured investment from various venture capital funds to build a DeFi ecosystem. QAN Successfully Closes a Funding Round of $2.1 Million The question of whether or not existing blockchain-based PoW networks would stand the test of a quantum computer is one that’s been discussed for quite some time. To this date, many believe that a quantum computer is the most serious...