Mining

The Bank of Russia and the Ministry of Finance of the Russian Federation (MiFin) have agreed that crypto mining should be allowed only in certain areas. According to a new report by RBC-Crypto, Russian officials are preparing to legalize mining activity only in energy-rich regions and aim to ban the niche in energy-scarce ones. The legislation should be adopted by the end of this year. Energy-Extensive Areas Only Reiterating the authorities’ stance, Chairman of the...

Bitcoin miners continue to operate at a loss as long-term holders are selling at a loss, according to an on-chain analysis from Glassnode.  The firm estimates that industry players are still selling roughly 8000 BTC per month to cover their USD-denominated business costs.  Miners in the Red As tweeted by Glassnode on Wednesday, miner balances have seen large outflows since Bitcoin’s failed re-test of $24,500 in August. The price pumped alongside Ethereum in anticipation of...

Ted Cruz – the republican senator of Texas – is fighting hard for crypto and its advocates. He’s learning more about the space and working to ensure it’s a future hub for innovation in the U.S. Ted Cruz Is an Official BTC Fan Not long ago, Cruz toured the facility of Riot Blockchain – one of the biggest crypto miners in existence – in Texas and discussed his experiences on social media. He stated: I am proud to lead the fight of the crypto industry in the Senate. Texas...

Foto: Börse Frankfurt, Blick in den Handelssaal. Lizenz: CC 4.0 by Pythagomath, Wikipedia Neues und klimaneutrales Bitcoin-ETP an Frankfurter Börse: Am 23. September 2022 hat das Tochterunternehmen der DeFiTechnologies Valour an der Börse von Frankfurt einen neuen und klimaneutralen Bitcoin-Indexfonds gestartet. Dahinter steht die Idee eines Exchange Traded Produktes als klimafreundliche und nachhaltige Möglichkeit zur Investition in Bitcoin. Die...

In a remote town in North Carolina, many residents that have spent the last several years there are complaining about noise… Noise they say is on par with a dozen jets flying over their homes. There aren’t any planes or jets. Rather, the noise is coming from a series of crypto mining rigs set up by Prime Block, a mining enterprise based in San Francisco. Mining Noise Is Hurting Residents The noise appears to occur on a regular basis, with many residents saying it goes...

A new study published Tuesday by the Cambridge Center for Alternative Finance (CCAF) shows that almost 62% of Bitcoin’s total energy consumption since January 2022 was generated from fossil fuels. This means renewable sources only amounted to 38% of the total energy consumed by BTC miners this year.  As a Proof-of-Work (PoW) blockchain, processing and validating BTC transactions (mining) requires high computational power and solving mathematical puzzles with powerful...

Meco Limited, aka Mecobit, has unveiled the world’s first fully solar-powered crypto mining operation. Known as the Ultimate Solar Power System, the prototype for the project was first unveiled in August 2020 at the Hong Kong Technology Bureau. Meco Limited Looks to the Sun to Mine Crypto Now, it looks like the mining operation is fully up and running, and it likely couldn’t have come at a better time. Many people out there are extremely worried about all the problems...

Mario Abdo Benitez – the president of Paraguay – has rejected a crypto mining bill that would have brought a certain level of regulation to an industry that has grown so popular in recent years. Benitez Doesn’t Want to Regulate Crypto Mining The bill calls for two specific things. Number one, it asks for committees and agencies throughout the country to explore the benefits of mining to see if it could potentially be transformed into an industrial activity. This would...

A Guatemalan circular Bitcoin economy known as “Bitcoin Lake” is leveraging Bitcoin ASICs to clean the nearby Lake Atitlán while generating income for the community.  As Bitcoin Lake Founder Patrick Melder explained, the “Kaboom” mining project is repurposing used cooking oil to help mine Bitcoin, rather than pollute the local environment.  Mining Helping the Environment? As Melder told Bitcoin Magazine, the project is a follow-up to prior attempts at cleaning the lake that...

[PRESS RELEASE – Please Read Disclaimer] Mad Backpacks, the first Find-to-Earn game by WeWay, expands the variety of games in this genre.The increasing number of Move-to-Earn games has led to a significant splash in market development. There are dozens of new applications aimed at motivating people to do something useful — work out, learn something new, gain new skills, and so on. A bright example is the Australian STEPN project, where people can earn income from crypto...