Tag Archives: Bitcoin Mining

Residents of a Tennessee town are not too happy with the addition of a bitcoin mining facility that’s allegedly causing heavy noise in the area. The facility was built by Red Dog Technologies, and it’s been stationed in a small area where everyone seems to know one another, and problems are few. Bitcoin Mining Is Creating Too Much Noise for These Residents The noise of the bitcoin mining business allegedly started out as a small hum last spring. From there, it got louder...

It looks like bitcoin and crypto fans in countries that are part of the European Union (EU) can breathe a sigh of relief today as the continental organization has voted against banning bitcoin mining and proof of work (PoW) modules. The EU Says “Yes” to BTC Mining Not long ago, Live Bitcoin News reported that the EU was looking to potentially end all crypto mining projects within its borders, citing environmental concerns. Finnish Parliament member Eero Heinaluoma was...

Diversified holding company Bit Nile Holdings, Inc. is creating a whole new division called Bit Nile Mining Solutions that will focus on self-mining bitcoin. Bit Nile Looks to Be a Crypto Mining Solution for All The company is looking to establish partnerships with assorted crypto and blockchain firms such as Bitmain so it can engage in all aspects of crypto mining such as the distribution of equipment, hosting and managing electrical power, repairing miners and...

It looks like all these different countries are taking a page out of what has become the infamous China crypto book. The European Union (EU) is all set to vote on whether to ban bitcoin and cryptocurrency mining given its alleged impacts on the planet. The ban would come through drafted legislation known as the Markets in Crypto Assets (MICA) framework. The EU Will Vote On a Potential Crypto Ban At the risk of sounding preachy, this is getting rather old. How many more...

Last week, Joe Biden issued a crypto-related executive order. It was allegedly designed to ensure agencies in the U.S. could study the effects and risks associated with digital currencies and begin implementing needed regulation. The order also potentially opened the door to a national digital currency for the U.S. For the most part, traders and analysts seemed to like the fact that the order was giving crypto regulation its start, but for men like Kevin O’Leary of...

In seinen zwei neuen Initiativen stellt May Adler, der Bürgermeister der texanischen Hauptstadt, einen kryptofreundlichen Kurs vor und outet sich als überzeugter Anhänger der Blockchain-Technologie. In seiner ersten Initiative will Adler den Weg für eine kryptofreundliche Stadt ebnen. So erhielt der City Manager die Anweisung, 20 verschiedene Bereiche in der urbanen Infrastruktur auf eine Kompatibilität mit dem Web3 und der Blockchain-Technologie zu untersuchen. Diese Bereiche, die unter...

People are stealing energy in Malaysia. Why? Because they’re looking to get rich through crypto mining, and now the national utility company in charge of electricity use has a few ideas it’s working to implement that will purportedly combat this growing crime wave. Malaysia Looks to Stop the Theft of Its Energy The company – known as Tenaga Nasional Bhd. – says it’s looking to impose a new tariff on bitcoin mining operators. The idea is to ensure that nobody can get away...

Technology company NVIDIA has received a rather odd request from a group of hackers calling themselves Lapsus$. The organization is asking that the company make their graphics cards capable of mining faster. If NVIDIA does not comply, the hackers will release the over one TB of data they’ve allegedly stolen. NVIDIA Has Gotten an Odd Request Normally, hackers have much more malicious intent when they engage in taking over a network or system of some kind. Never was this...

Dallas-based cryptocurrency mining organization – Blockmetrix – disclosed it had raised $43 million in a Series B investment round. Thus, the company’s total venture funding reached $50 million. Blockmetrix Stepping up According to the announcement, the fresh financing included investors from the United States, Australia, and several nations in Asia. Blockmetrix vowed to employ the $43 million to expand its operations by securing additional digital asset mining rigs. Founded...

Texas has become the go-to state for those looking to mine bitcoin and cryptocurrencies. Several miners who were shut out of their native China have gone to places like Texas to set up new shops and take advantage of its low energy prices. Texas Has Seen Its Mining Business Expand Heavily While this has been great for the economy in Texas, some are worried about the amount of electricity being used and the pressures this is putting on its grid. Lee Bratcher – president...