Mining

The fact that China has become such a big “bitcoin nation” over the past several years is worrying to some. They are concerned that the country could potentially take over the space, which would ultimately mean the end of bitcoin and crypto as we know it.Is China Getting Too Powerful in the BTC Space?As it stands, China controls much of the global mining power. That means that most mining operations in the world either make their home in China or are powered by Chinese businesses or firms....

The Inner Mongolia region of China is a prime hotspot for bitcoin miners. The energy is cheap and plentiful, so if you’re looking to potentially be part of the extraction process for new coins, this is probably the place to do it in.China Takes Quick ActionHowever, if you show up to do business within this region, make sure you don’t lie on your application form, and always be clear about who you are and what you’re looking to accomplish. Approximately 21 mining farms – including those of...

Although the names of the farms were not immediately published, available information shows that two mining farms operated by Bitmain were affected.21 mining farms in inner Mongolia are poised to pay higher electricity tariffs as the regional autonomous government wants to remove subsidy for miners. In a policy change announced by the Department of Industrial and Information Technology, the agency stated that 21 mining farms have been disqualified from energy trading in the region.Although...

Money attracts money, and Barry Silbert, CEO of Digital Currency Group, knows it. His company has already established itself as one of the most influential corporations in the entire crypto ecosystem. Today, it announced a new venture that will expand its reach into a whole new frontier: the crypto mining industry.In a recently issued press release, DGC announced the creation of a new subsidiary focused on cryptocurrency mining. Foundry, a company quietly founded last year, has received $100...

Riot Blockchain has announced that it has signed a $17.7 million purchase with China’s Bitmain – the largest and most dominant crypto mining firm in the world – and that it will buy more than 8,000 next generation Antminer machines to extract new coins.Riot Blockchain Is Expanding Its HorizonsAccording to the terms of the purchase, Bitmain will deliver approximately 2,000 machines per month to Riot Blockchain beginning in January of next year and ending four months later in April. Riot is a...

According to a new op-ed by Chris Larsen – the co-founder and executive chair of Ripple – the United States is losing the tech war against China and other nations.Chris Larsen: China Holds a Strong PositionRipple is presently the fourth-largest cryptocurrency by market cap after bitcoin, Ethereum and Tether. According to Larsen, nations such as China are way ahead when it comes to cryptocurrencies and are potentially putting lots of money into ensuring miners have everything they need to stay...

Rich Dad, Poor Dad Author, Robert Kiyosaki, has advised investing in precious metals like gold and digital assets like Bitcoin as crisis looms in the banking sector.Earlier this week, headlines on mainstream media revealed that American billionaire investor Warren Buffett dumped US bank stocks to purchase gold mining stocks.Buffett Dumps Bank To Invest In GoldPer the reports, the business tycoon slashed a bulk of Berkshire Hathaway’s holdings in some major Wall Street banks, including JP...

A new report indicated that East Asia remains the most active cryptocurrency market with the most significant number of daily transactions. At the same time, professional traders still account for most of the trading volume, while stablecoins, and especially Tether (USDT), have gained a massive market share.East Asia Dominates Crypto Trading MarketAccording to the recent report compiled by Chainalysis, “East Asia is the world’s largest cryptocurrency market, accounting for 31% of all...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 952. Im heutigen Video geht’s um folgende Themen: Krypto kaufen Suchanfragen explodieren auf Google Trends, Bitcoin-Mining Stromdiebstahl, Restaurant konvertiert Cash Reserven in BTC. Die heutige Show wird gesponsert von www.Switchere.com – Krypto mit Kreditkarte SOFORT verkaufen & kaufen ohne versteckte Gebühren. 1.) Crypto kaufen Suchanfragen explodieren auf Google Trends – Privatinvestoren drängen in den...

US authorities have charged with fraud and money laundering five people operating a Bitcoin mining Ponzi scheme. Called AirBit Club, the scam operated since 2015 and duped numerous victims into investing by promising alluring but false returns.How Did AirBit Club Operate?According to the US Department of Justice (DOJ), Pablo Renato Rodriguez and Gutemberg Dos Santos co-founded AirBit Club in late 2015. Cecilia Millan and Jackie Aguilar joined the project later on as promoters, and Scott...