Tag Archives: Bitcoin Mining

Block Stream, Block, and Tesla are all teaming up to mine bitcoin using solar energy in Texas. Texas Continues to Grow Its Mining Space Solar and storage technology is being provided by Tesla. In an interview, Adam Back – the CEO and co-founder of Block Stream – explained that the company is going to be a massive experiment in that it will be one of the first crypto mining firms to be fully powered by renewable energy. He says: People like to debate about the different...

Once considered an attractive country for Chinese Bitcoin miners after the country’s crackdown on any BTC mining activity, Kazakhstan now seems to be set to creating new taxes that will negatively impact the industry. On April 14, the Minister of National Economy, Alibek Kuantyrov, said in a government briefing that his team is working on a tax plan that would link tax payments to the valuation of the mined tokens. According to Kuantyrov’s statement, first reported by...

Winemakers in upstate New York are not happy that they’re having to share land with bitcoin and cryptocurrency miners. New York Is Seeing Its Winemakers at Odds with Crypto Miners The state of New York features what are known as the Finger Lakes, a series of thin bodies of water in its upstate region. This area has become popular amongst winemakers given the clean air and wholesomeness of the dirt. The Finger Lakes is fantastic for those looking to grow grapes and create...

Crypto miners in Texas must get approval from ERCOT to connect their rigs to the state’s power grid. Texas Requires New Permissions Before Crypto Can Be Mined It has come to the attention of the crypto world that Texas has become the place to be if one wants to set up a crypto mining business. The state provides vast open spaces and low electricity rates, and it appears many miners have moved their operations to the state to take advantage of Texas’ offerings. The state...

Das Bitcoin-Netzwerk soll mit Wind- und Solarstrom betrieben werden. Stromintensives Mining und Vorwürfe von Umweltkritikern war gestern – zumindest, wenn es nach den beiden Tech-Grössen Jack Dorsey und Adam Back geht. Die beiden Firmenchefs möchten sich in Texas zusammen tun und eine CO2-emissionsneutrale Bitcoin-Mining-Farm auf die Beine stellen, welche ihren Strom aus einer Solaranlage bezieht. Als Stromspeicher sollen die Megapacks des...

The newly developed processor for the proof-of-work algorithm can deliver up to 580 GH/s hash rate and can operate up to 26 J/TH power efficiency. The tech giant believes the new processing chip, Blockscale ASIC, will be a gamechanger that empowers blockchain applications to maintain decentralization via proof-of-work while asserting the principle of environmental sustainability. Scalability and Sustainability Intel, one of the largest semiconductor chips manufacturers in...

Digital Power Optimization, Inc. has joined hands with a hydroelectric power producer and a billion-dollar family office to establish a new green-powered company known as Cascade Digital Power. The company’s goal will be to mine digital currencies and provide mining services like repairs and maintenance to crypto projects throughout the U.S. while utilizing 100 percent renewable energy. The move is slated to bring down the carbon footprint of what has long been...

According to a recent report from Arcane Research, Norway has become an attractive hub for the Bitcoin mining industry. Not only does the nation produce close to 1% of the global hash rate, but it is entirely powered by renewable energy. Why Norway? When Norway is mentioned in the context of BItcoin, it is often to highlight Bitcoin’s intense energy consumption. As Forbes noted last May, Bitcoin miners cumulatively absorb more energy than some small countries – Norway being...

The US-based cryptocurrency mining and infrastructure startup – Prime Blockchain Inc. (PrimeBlock) – will reportedly become a publicly-traded company. The organization plans to merge with a blank-check firm in a $1.25 billion deal, including debt. According to a recent Reuters coverage, bitcoin mining company – PrimeBlock – will soon start trading as a publicly-traded company on Nasdaq after securing $300 million in equity financing from an affiliate of Cantor Fitzerald &...

Experts are saying that a simple switch in the bitcoin code would be enough to make the crypto mining process a lot safer for the planet. Mining Arguments Continue to Permeate the Space The arguments surrounding crypto mining have raged for years. While many say that crypto mining really doesn’t use as much energy as environmentalists think, others say the process is very damaging and will ultimately cause the planet to turn an irreversible corner. Men like Elon Musk,...