Tag Archives: Bitcoin Mining

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...

Compute North, which happens to be the latest casualty of the ongoing crypto rout, has filed for a Chapter 11 bankruptcy in the US Bankruptcy Court for the Southern District of Texas. The filing is pending before the Judge Bankruptcy David R Jones. The company’s CEO, Dave Perrill, also stepped down from his position earlier this month but will continue to remain on the board. Compute North in Trouble Under the terms of the filing, the firm will be able to continue its...

Recent technical signals suggest bitcoin could be due for a breakout soon, something that’s sure to make investors everywhere squeal with joy. Bitcoin Might Be Coming Back Soon The crypto space has been doing rather poorly as of late, with bitcoin – the world’s number one digital currency by market cap – leading the way into the doldrums. BTC has crashed by more than 60 percent from its November 2021 all-time high of $68,000, and the crypto space has lost more than $2...

The world of bitcoin mining has taken some serious blows, and it doesn’t look like the space is going to be recovering anytime soon. With prices falling to such drastic lows, it appears that many miners are either having to leave the space altogether or take drastic measures to ensure their money stays in place, as is the situation with firms like Stronghold Digital Mining. Stronghold Digital Had Too Much Debt As one of the biggest and most stable digital currency mining...

Greenpeace USA – an environmental advocacy group – is calling out Bitcoin for having what it calls an “outdated and efficient” code system.  In a tweet on Thursday, the organization doubled down on claims that Bitcoin’s proof of work mechanism is contributing to the climate crisis. Instead, it suggested that the code be swapped out for a less energy-intensive mechanism like proof of stake.  Campaigning Against Mining The advocacy group’s statements were in response to...