Tag Archives: Bitcoin Mining

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Buncombe County in North Carolina doesn’t like the fact that so many crypto miners have set up operations within its borders. Officials of the region are now considering taking a page out of New York’s books and establishing a temporary moratorium on crypto mining facilities. Buncombe County Doesn’t Think Much...

For some, the Ordinals craze has wreaked havoc in the Bitcoin ecosystem. BTC’s price may have, so far, failed to capitalize on it, but that was not the case for the network miners. In fact, the development has been a blessing in disguise for them. Bitcoin Miner Revenue Shoots Up This month was marked by skyrocketing transaction fees and network congestion as Bitcoin Ordinals reached unprecedented heights. While Bitcoin’s price is cautiously recovering with modest gains, the...

Druk Holding & Investments – the investment arm of the Royal Government of Bhutan – partnered with the Nasdaq-listed company – Bitdeer Technologies Group – to introduce a $500 million fund that should support bitcoin mining activities in the Himalayan country. Recent sources suggested that the nation might have been secretly producing BTC since 2017, using its vast amount of hydropower.  Bhutan’s Mission to Become a BTC Mining Hub The government of the landlocked country...

The White House is attempting to persuade Congress to pass a 30% climate change tax on cryptocurrency miners as part of its next federal budget. The change, titled the Digital Asset Mining Energy (DAME) excise tax, is designed to encourage mining firms to start taking better account of their so-called ‘societal harms’, including higher energy prices and greenhouse gas emissions.  Taxing Bitcoin Miners As reported by Yahoo News, the president’s Council of Economic Advisors...

Benjamin Von Wong – a Canadian artist responsible for creating the “Skull of Satoshi” installation back in mid-March – has apologized for his work, claiming in a recent interview that it was “never meant to be anti-bitcoin,” and he is not pleased people took it in such a way. Benjamin Wong: I Never Sought to Create an Anti-Bitcoin Project Wong stated: It was an optimistic hope that bitcoin could shift away from the needless burning of fossil fuels without losing all the...

Despite a relatively broad history with cryptocurrencies and digital assets, graphics card manufacturer Nvidia has come out to say that crypto has no purpose in society. Nvidia Doesn’t Think Crypto Has Much to It In a recent interview, the company’s chief technology officer Micheal Kagan commented that the graphics cards Nvidia creates should be utilized for activities other than simply mining crypto. He suggested using them to power AI-based technologies like Chat GPT....

The Kingdom of Bhutan – a landlocked country situated in the Eastern Himalayas – has reportedly used its renewable sources of energy to run a bitcoin mining operation for years. A government representative said the process started when BTC was worth around $5,000. It is worth noting that the primary cryptocurrency reached that level for the first time in October 2017. Another country that has done so is El Salvador. The Latin American nation, which became the first to make...

Texas became a serious crypto mining hub about two years ago, and it looks like things are set to stay this way for some time. Despite a wide array of headwinds and problems the industry has been facing, Texas crypto mining has remained quite steady, and the Lone Star State is still being sought out by new companies and facilities. Texas Is Still the High-Ranking Crypto Mining Official Texas became a serious region for crypto mining beginning in the summer of 2021. The...

The authorities of Venezuela have reportedly urged local bitcoin miners to temporarily halt operations while inspecting a major corruption scheme that could have drained up to $20 billion. People who are part of President Maduro’s inner cycle are suspected of orchestrating the crime that involved the national oil and gas company – Petróleos de Venezuela. Pausing Crypto Activities During the Investigation According to a Forbes coverage, large-scale BTC miners in Venezuela will...

Several public Bitcoin miners were on the brink of bankruptcy at the end of last year. But the latest rally in the market infused a sense of careful optimism into the Bitcoin mining sector, resulting in massive gains for most associated stocks. Bitcoin Mining Stocks for the Win As Bitcoin miners slowly escape the incessant bear trap, stocks related to the sector are now seeing a notable resurgence. According to BTC mining expert Jaran Mellerud, bitcoin mining stocks have...