Mining

El Salvador is now using energy from nearby volcanoes to mine bitcoin. El Salvador Is Putting Local Volcanoes to Good Use President Nayib Bukele announced late last week that his country had minted what he called the first volcano-powered bitcoin unit. He also posted a video of bitcoin rigs being set up at a geothermal crypto mining operation stationed in a forest which happened to be near a volcano. Thus far, El Salvador has only managed to extract roughly $280 in BTC...

Bitcoin blasting through 52'000 dollar! Yeah! Today, the bitcoin price blasted through 52,000 dollar (or 44,000 euros). October is off to a fantastic start. Since the beginning of the month, the price has risen by more than 15 percent. This brings the price almost back to the level of 7 September, the day El Salvador embraced bitcoin as a means of payment. But apart from the price, there is another important development. The bitcoin hash rate has...

Jamie Dimon reiterated his negative stance on bitcoin, saying it serves as the “fool’s gold of the future.” He also opined that the entire cryptocurrency industry will inevitably be put under a regulatory framework. Bitcoin Has No ‘Intrinsic Value’ The Chief Executive Officer of JPMorgan Chase & Co. – Jamie Dimon – is, by all means, a cryptocurrency critic. During a recent interview for HBO, he gave his reasons why he is against the asset class. He scratched the hot topic...

Seitdem die Hash Rate im Juni runtergegangen ist, stieg sie unaufhaltsam an. Im BTC-Ökosystem gibt es also viel Bewegung, was generell auch auf eine höhere Dezentralisierung des Netzwerks und eine höhere Bitcoin-Nachfrage hindeutet. Historisch signalisiert eine höhere Hash Rate daher häufig auch einen Anstieg des BTC-Preises. Bitcoin News: Bitcoin Hash Rate signalisiert PreisanstiegDer Einbruch der Hash Rate hing unter anderem mit den Regulierungen des Mining Marktes in China zusammen. Die...

BENQI, an algorithmic liquidity market protocol on the Avalanche blockchain network, has announced Monday the launch of a $4 million second phase of its ongoing Avalanche Rush incentive program.  According to a press release shared with CryptoPotato, the second phase of the initiative will last for 45 days. $180M Incentive Program on Avalanche The Avalanche Rush is a $180 million liquidity mining incentive program that seeks to onboard some of the best DeFi protocols to the...

Hatten Land Ltd in Singapore has joined hands with Frontier Digital Asset Management Pte Ltd. The companies will now work together to manage more than 1,000 crypto mining rigs operating within Hatten Group properties based in Malaysia. Hatten Land Is Revamping Its Mining Projects Beginning in the fourth quarter of 2021, Hatten says that several new digital currency mining rigs will be installed between the two companies. Frontier also operates approximately 700 separate...

Two U.S. Senators – Maggie Hassan, a democrat from New Hampshire and Joni Ernst, a Republican from Iowa – have introduced a new bill that would allow regulators in the country to examine the behaviors of miners both within the nation and abroad. Maggie Hassan Wants to Know What’s Happening in the Mining World The new bill asks that the Treasury Department look at how nations today are using the crypto they mine. It also asks that they examine how much cryptocurrency has...

SAITECH Limited – a crypto mining company that focuses on green energy and hosts mining rigs for its clients – is joining hands with Trade UP Global Corporation, a publicly traded special purpose acquisition firm. SAITECH Is All Set to Join the Nasdaq The partnership will allow SAITECH to become publicly traded on the Nasdaq under the symbol “SAI.” The company will not experience any changes in management, and executives will be made holders of Trade UP stock options....

The recent death punch to both bitcoin and its crypto counterparts by way of China has got the entire digital currency space in a grip of fear. Now, many crypto exchanges are beginning to drop Chinese customers as a means of avoiding trouble down the line. They are not accepting traders from China, nor are they allowing the Chinese customers they already have onboard to stick around much longer. China Is Hurting Its Crypto Traders China has been on a serious roll to...

Nayib Bukele – president of El Salvador – recently took to Twitter with some mining numbers. It appears that the country’s developing volcanic mining facility has produced its first Bitcoin. Volcanic Bitcoin As revealed by Bukele earlier today, the gains produced by the volcano are still small. However, the president still seemed quite enthusiastic to have gotten the project started, showing his new numbers alongside a single heart emoji. At the time of posting, the facility...