Mining

Digital Power Optimization, Inc. has joined hands with a hydroelectric power producer and a billion-dollar family office to establish a new green-powered company known as Cascade Digital Power. The company’s goal will be to mine digital currencies and provide mining services like repairs and maintenance to crypto projects throughout the U.S. while utilizing 100 percent renewable energy. The move is slated to bring down the carbon footprint of what has long been...

According to a recent report from Arcane Research, Norway has become an attractive hub for the Bitcoin mining industry. Not only does the nation produce close to 1% of the global hash rate, but it is entirely powered by renewable energy. Why Norway? When Norway is mentioned in the context of BItcoin, it is often to highlight Bitcoin’s intense energy consumption. As Forbes noted last May, Bitcoin miners cumulatively absorb more energy than some small countries – Norway being...

Spricht man über Kryptowährungen, wird man zwangsläufig über den Begriff Fiatgeld stolpern. Fiatgeld bezeichnet dabei unser herkömmliches Währungssystem, bei dem Zentralbanken Münzen und Banknoten erschaffen, indem sie diese drucken, bzw. herstellen. Somit sind beispielsweise der Euro und der Dollar Fiatgeld. Der Begriff leitet sich aus dem lateinischen Wort “fiat” ab, welches ein Wirtschaftssubjekt ohne inneren Wert bezeichnet, das als Tauschmittel genutzt wird. Handelt man mit...

Ethereum is about to close a third green weekly candle. However, it seems like the bullish move has weakened as ETH faces strong resistance (marked by red). The weekly candle closes soon, and the bulls still seem to have control over the market. The opening of global markets on Monday may have a significant impact on determining the market’s trend. Technical analysis by Grizzly The Daily Chart Ethereum has reached a zone of solid resistance on the daily timeframe, combined...

The US-based cryptocurrency mining and infrastructure startup – Prime Blockchain Inc. (PrimeBlock) – will reportedly become a publicly-traded company. The organization plans to merge with a blank-check firm in a $1.25 billion deal, including debt. According to a recent Reuters coverage, bitcoin mining company – PrimeBlock – will soon start trading as a publicly-traded company on Nasdaq after securing $300 million in equity financing from an affiliate of Cantor Fitzerald &...

INTERNET CITY, DUBAI, Apr. 2, 2022 – LBank Exchange, a global digital asset trading platform, will list UncleMine (UM) on April 5, 2022. For all users of LBank Exchange, the UM/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on April 5, 2022. In a typical cryptocurrency ecosystem, many mining assets (hereinafter MA), cannot be decentrally verified and are difficult to integrate into the mainstream DeFi ecosystem. Ordinary investors cannot...

Experts are saying that a simple switch in the bitcoin code would be enough to make the crypto mining process a lot safer for the planet. Mining Arguments Continue to Permeate the Space The arguments surrounding crypto mining have raged for years. While many say that crypto mining really doesn’t use as much energy as environmentalists think, others say the process is very damaging and will ultimately cause the planet to turn an irreversible corner. Men like Elon Musk,...

Chris Larsen – angel investor and co-founder of Ripple – is funding an environmental campaign to change Bitcoin’s code. Using his funds, a consortium of environmental groups will run ads across major newspapers to convince miners, software developers, and others to drop the network’s ‘proof of work’ consensus mechanism. Explaining Proof of Work To be clear, the environmental ‘lobby’ seeks not to end Bitcoin itself, but to see it shift toward a less energy-intensive security...

The city of Brenham in Texas has always been a major crypto mining hub. Many residents have taken to crypto mining as a hobby or as a means of earning extra funds. They do not employ expensive machines or have large warehouses filled with mining rigs to do this. Instead, they just do it out of their own homes, a testament to how loose the city has been with its regulations. Brenham, Texas Is Scaling Back Crypto Mining Energy Usage However, it looks like the city of...

As of Friday, the 19 millionth Bitcoin was officially mined, leaving only 2 million left to enter circulation. The Bitcoin network regularly produces new coins each time a block of transactions is added to its ledger. Each block is produced through a process called “mining”, whereby users race to solve a mathematical problem for completing the block using computer power. The first to produce the block is rewarded with the new Bitcoin, plus all relevant transaction fees. At...