Tag Archives: Bitcoin Mining

A China-owned crypto mining facility could be built in the rural town of Vilonia, Arkansas, and the residents aren’t too happy about that. Will Vilonia Be a New Crypto Mining Hub? What’s odd is that the mining facility is controlled and owned by China, a country that not long ago decided crypto mining should be illegal due to the alleged harm it does to the atmosphere. The country announced that due to new “green” rules implemented by Beijing, all crypto mining...

Lee Bratcher – president of the Texas Blockchain Council – said in a recent interview he wants his state to become the biggest blockchain haven in the United States. He further mentioned that he would like his Texas to become the Silicon Valley of blockchain. The Texas Mining Agenda Keeps Growing The state’s 88th legislative session has been quite productive. Thus far, one crypto law has passed already, while many others are waiting in the wings (passage is...

Artificial Intelligence (AI) has become ubiquitous, making its presence felt across various sectors. Gradually infiltrating every aspect of human activity, this buzzword, although not entirely new, has captivated the minds of both seasoned tech gurus and novices alike. The integration of the digital asset space and AI was inevitable. Industry players are actively exploring innovative approaches to integrate these two technologies. Hence, the pivot of crypto miners to this...

Tether – one of the largest and most popular stable currencies around – has announced plans to open a huge bitcoin mining facility in the South American region of Uruguay. The clincher? The company is going to operate the facility only using renewable energy. Tether to Mine Bitcoin in South America This is a big deal in that bitcoin and crypto mining operations have gotten a bad rap over the last several years on account of the high number of reports that have...

John Chen, an executive working with the Los Angeles Department of Water and Power (DWP), has been placed on administrative leave after he took part in crypto mining companies that allegedly go against the values and ethics of his agency. John Chen in Hot Water Chen reportedly earns more than $300K a year through his job with the DWP. He has served, for the past few years, as the department’s director, though having been part of a crypto mining company in Colorado...

The $7 trillion asset management giant Vanguard Group now owns a 10.24% stake in Riot Blockchain (NASDAQ: RIOT) – the world’s largest Bitcoin mining company. A filing with the Securities and Exchange Commission (SEC) on Monday showed that Vanguard has upped its exposure to the firm from 15.2 million shares to 17.9 million. Based on Riot’s current share price, Vanguard’s stake is now worth $295 million. The company also bought millions of shares in competing firm Marathon...

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...

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...

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...