Mining

Cynthia Lummis – the republican senator of Wyoming – has proven herself to be a major bitcoin bull. During the recent Miami Bitcoin Conference, Lummis made an appearance and commented that bitcoin and cryptocurrencies could help clean up the environment. Cynthia Lummis on the Power of Crypto She explained: One of the advantages of bitcoin mining is that when you drill an oil and gas well, and it is distant from other oil and gas wells, you vent the gas into the...

Bitcoin (BTC)’s performance this year is modeling that of previous 4-year market cycles, signaling the early innings of another potential bull market, according to market analysis firm Reflexivity Research. The firm published a report this week exploring drivers behind the asset’s strong performance in Q2, examining both market structure and on-chain data. Who Is Buying Bitcoin? As the report states, Bitcoin’s present tailwind to two critical events this year: the banking...

One of the leading cryptocurrency mining companies – Marathon Digital – produced 979 BTC in June, 21% less than the 1,245 BTC mined in May. As of the end of last month, the company owned 12,538 BTC, making it one of the biggest corporate holders of the primary digital asset. The June Figures The US-based BTC miner announced that the extremely hot weather in Texas last month and the emergence of Ordinals, which “significantly increased transaction fees,” have negatively...

The crypto mining debate has raged for years, but it appears the fight is taking stronger precedence in recent weeks. Is Crypto Mining a Damaging Enterprise? Maybe Not… There have been many reports published, over some time, claiming that crypto mining is putting the planet in harm’s way. They say there are several developing nations that do not use the same amount of energy as crypto mining facilities. In addition, there are several arguments that say the...

Bitcoin (BTC) has treated its faithful well in 2023, having appreciated over 80% year to date. However, there may be better ways for investors to capitalize on the asset’s success besides stacking actual sats. Here’s a look at how some Bitcoin-related assets and companies are performing next to BTC, from financial companies to mining stocks. Mining Stocks Are Booming Shares for multiple publicly traded Bitcoin miners surged on Friday, including CleanSpark (CLSK; 11.32%), Riot...

CoinspeakerBernstein: Bitcoin Mining Is Game of Nerves, Might See AI Diversification Bernstein believes that going ahead only big players would be able to survive as mining costs continue to rise. Bernstein: Bitcoin Mining Is Game of Nerves, Might See AI Diversification

A new bill is making its way to the Texas House of Representatives that might make it hard for crypto mining companies within the state to gain access to the funds and resources they need to stay afloat and function properly. Texas Crypto Bill Is the Wrong Move The bill, for one thing, would ensure that power costs for the largest crypto miner in the state will increase by as much as $30 million each year. Also, miners would only be able to provide a limited...

CoinspeakerUAE Emerges as Leading Bitcoin Mining Hub in Middle East The UAE recently opened the biggest nuclear power plant in the Arab world, with a total capacity of 4 gigawatts, and is gearing up for expansion later this year. UAE Emerges as Leading Bitcoin Mining Hub in Middle East

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Crypto is likely to be a big topic in next year’s presidential election, and republican candidate Vivek Ramaswamy is proof of this. Vivek Ramaswamy is Making Crypto Part of His Presidential Policy In a recent interview, Ramaswamy commented that he’s not only accepting bitcoin donations to his campaign, but he’s...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Kevin O’Leary of “Shark Tank” fame is worried about how the U.S. government is dealing with crypto regulation. He says the federal government is less concerned about policy and more concerned with taking fast action, and this is coming back to hurt innovation. Kevin O’Leary: All the U.S. Needs is Policy Right...