Mining

Despite the ongoing geopolitical uncertainty and economic turmoil throughout the world, Bitcoin’s network continues to get more robust. Following a recent spike, its hashrate reached yet another all-time high. It goes without saying that there’s a lot of economic turmoil and geopolitical uncertainty as international tension surrounding the relationship between Ukraine and Russia intensifies. Meanwhile, market participants are eagerly anticipating hinted rate hikes as...

Der Energieaufwand des Bitcoin-Minings bleibt ein Kritikpunkt der Umweltaktivisten. Zwar wird diese Kritik oftmals übertrieben, um eine Bitcoin-Regulierung voranzutreiben, allerdings stellt sich für die Zukunft dennoch die Frage, ob man das Mining von Bitcoin und anderen Cryptocoins auch umweltfreundlich umsetzen kann. In Norwegen wird die Antwort darauf bereits erbracht. Bitcoin News: Bitcoin Mining mit Grüner Energie in NorwegenIn einer kleinen Stadt, ungefähr 40 km von Oslo entfernt,...

Cryptocurrencies have shot up over the past several days. Bitcoin, for example, has gone up past $43,000, while Ethereum has shot past $3,100. Dogecoin has also jumped by more than six percent and is trading for about 15 cents at the time of writing. Bitcoin Is Doing Better Bitcoin has been suffering throughout the new year, and while things are certainly up at press time, it’s likely going to be a while before they fully recover. Bitcoin initially rose to about $68,000...

The Central Bank of Hungary joined the growing number of central monetary entities believing that bitcoin trading and mining should be banned. Similar to most bashers, the organization’s Governor asserted that cryptocurrencies could facilitate illegal activities. In a press conference on February 11th, György Matolcsy, the current Governor of the Hungarian central bank, urged the country to implement a blatant ban on cryptocurrencies. He made a rather familiar argument as...

The State of Georgia might become the next hub for cryptocurrency miners as it provides relatively low electricity prices and a large amount of nuclear and solar power, a new coverage revealed. Furthermore, local regulators have shown a friendly stance towards this side of the digital asset industry. Can Georgia Become The Crypto Mining Capital of The US? Up until last year, things were not looking so positive for cryptocurrency miners who wanted to position their businesses...

Jumaane Williams – a democratic gubernatorial candidate that’s seeking office in New York – says he wants to end a lot of the crypto mining that’s occurring in the Big Apple. While he’s not against crypto mining completely, he says he wants most facilities shut down so they can take time to reevaluate all the energy they’re using. Williams Wants NY to Take a “Mining Break” Williams made the announcement at a winery in the Finger Lakes, which recently saw the Greenidge...

In a recent interview, Jack Dorsey – the man behind billion-dollar companies such as Square and Twitter – said that Mark Zuckerberg – the CEO of Facebook, now Meta – was wrong to try and start his own cryptocurrency venture, and he feels things would have been more successful if he had focused on bitcoin. Jack Dorsey Is Critical of Diem BTC is the world’s largest and most popular cryptocurrency. Dorsey has long been a fan, working to enhance trading through Square and...

Fortescue Metals Group Chairman Andrew Forrest has filed a criminal case against Facebook in Australia for its failure to stop scam ads featuring his image. According to the Australian mining billionaire, this is the first time that Facebook is facing a criminal charge anywhere in the world. “I’m doing this on behalf of innocent Australians who don’t have the resources to take on companies like Facebook,” Forrest said in his lawsuit. Following Forrest’s criminal suit, the...

New York offers many shuttered coal plants and cheap energy. This makes it a top spot for miners and anyone looking to set up crypto extraction businesses. However, there are many environmentalists out there that want New York to work against crypto and ban the process of adding it to the blockchain. New York and Crypto Don’t Always Go Together Environmentalists have been arguing for years that mining bitcoin is somehow harmful to the world’s atmosphere. They state that...

While bitcoin is recovering from its massive 50% crash since reaching the ATH in November 2021, the onchain and technical indicator are not showing strong momentum and signs of a bull run renewal. The market structure is similar to 2021’s Jun – July bottom, and without a catalyst, a likely case for bitcoin is to be traded sideways in the mid-term. Technical Analysis By: Grizzley Long-Term: The Daily On the daily timeframe, by examining historical data of the previous two...