Tag Archives: Bitcoin Mining

Residents of a town called North Tonawanda in New York are not too happy about all the noise created by a nearby digital currency mining facility. Located on Erie Avenue, a street used by several neighborhoods, citizens feel that the noise levels are making the area unsafe. Crypto Mining Facility in New York Is Quite Noisy One of the residents complaining about the nose is a woman named Darlene Bolsover. In an interview, she says the mining facility presents a lot of...

Despite heavy calls from environmentalists to end the practice, it doesn’t look like crypto mining is leaving us anytime soon. In fact, it appears that the space is going to get even bigger in the coming years. Crypto Mining Continues to Expand There is a widespread desire for digital assets, and as this desire grows, miners are being asked to place more units into circulation. Thus, crypto mining is still very much in style, and so long as people continue to demand...

Amsterdam-based bitcoin mining firm – Bitfury – announced it will launch a new 28MW digital asset mining site in Ontario, Canada. The facility will launch with an operational capacity of 16MW, while an additional 12MW will be added by the end of May. Bitfury’s Next Mining Center The technology company focused on digital asset mining currently has mining sites in Scandinavia, Eastern Europe, Central Asia, and North America. According to a recent press release, it will double...

Kazakhstan’s Ministry of Energy discovered and halted the operations of 13 illegal digital asset mining farms. Those were collectively using an electricity capacity of over 200 megawatts. War on Illegal Miners The central Asian country was torn by protests at the beginning of 2022 when thousands of residents occupied the streets to fight against the surging electricity prices. Shortly after that unrest, Kazakhstan’s government vowed to crack down on unauthorized...

Montana environmentalists aren’t happy about a decommissioned coal mine going into business again, this time as a crypto mining facility. Crypto Mining Rubs Climate Friendly People the Wrong Way Known as the Hardin generating station, the facility is a 115-megawatt coal plant located near the site of the historic battle of Little BigHorn. It was slated to close in 2018 given the lack of customers, and usage has seriously died down as of late. However, it looks like a...

ConocoPhillips – one of the biggest producers of oil and gas in the world – is entering the crypto mining space. The company announced early last week that it is heading a bitcoin mining pilot project in what’s known as the Bakken, a region in North Dakota popular amongst new producers of energy in the U.S. ConocoPhillips Has Found a Way to Put Excess Oil to Use A spokesperson for the company explained that ConocoPhillips is not operating the project itself. Rather, it’s...

Right after China slapped a ban on Bitcoin (BTC) mining, the operations have started to spread worldwide and invade not-so-friendly territories. In Malaysia, illegal crypto mining operations are at a record high. Drastic Rise in Bitcoin Mining Bukit Aman Criminal Investigation Department (CID) chief Datuk Seri Abd Jalil Hassan revealed that in 2021 alone, Malaysia had 570 investigation papers opened, 528 people arrested, and around $13 million worth of mining equipment...

Bitcoin has been treading in volatile waters. Despite the recent price dump, though, the Bitcoin network has hit yet another high, this time, in terms of mining difficulty. Higher Difficulty For Bitcoin Miners According to the latest data from CoinWarz, the Bitcoin difficulty increased by 5% to 27.97 trillion on February 18. In a span of three weeks, the metric went through positive readjustments twice, with the first one reaching 26.64 trillion on January 21. To put things...

Brent Whitehead and Matt Lohstroh are two young men from Texas that have already made millions mining bitcoin and other forms of crypto. The two have worked hard to establish a new company called Giga Energy Solutions, which mints bitcoin from natural gas. Brent and Matt Chose to Follow Bitcoin Both Brent and Matt come from oil families, and they were met with skepticism when they first announced three years ago that they wanted to go into the mining sector. However,...

Texas is quickly becoming one of the biggest crypto mining hubs in the world to the point that current governor Greg Abbott is making bringing more crypto jobs and companies to the Lone Star State part of his reelection campaign. Texas and Crypto Mining… A Great Match? The migration of crypto miners to Texas began in the summer of last year. China – which at one point housed more than 65 percent of the world’s digital mining projects – decided the practice should be...