Tag Archives: Bitcoin Mining

State like Texas and Kentucky are really starting to benefit from the growing crypto mining space and the mass China exodus. Not too long ago, China decided that it was time to remove all digital currency miners from its territory, and many sought to establish new businesses in these regions thanks to the states’ incentives and cheap electricity. Texas and Kentucky Are Becoming Head Honchos in the World of BTC Mining The arguments surrounding crypto mining have been...

Bitcoin Mining mit Energie vom Vulkan. 100 % sauber, 100 % erneuerbar. Sauberer geht's nicht. El Salvador ist ein kleines Land, aber es beheimatet immerhin 23 aktive Vulkane – und nutzt deren geothermale Energie im grossen Stil zur Energiegewinnung. Mehr als die Hälfte des Stroms in El Salvador wird bereits aus erneuerbaren Energien gewonnen. Zusätzlich zu zwei bestehenden Geothermie-Kraftwerken sollen nun zwei weitere Anlagen gebaut werden. Erste...

Well, here’s something that’s likely to anger a few environmentalists in the coming weeks. A new report issued by the New York Digital Investment Group (NYDIG) says that bitcoin and crypto mining are only likely to contribute to about 0.9 percent of global carbon emissions in the coming future. Crypto Mining Isn’t That Bad, According to New Report The topic of crypto mining has been a controversial one. Over the past several months, many high-ranking individuals with...

The People’s Bank of China (PBoC) published a document reminding that digital assets are banned within the country and added that operating with exchanges will also be prohibited. As a result, BTC dumped by $3,000 in an hour. China’s negative stance on the cryptocurrency space has been wildly known for years, and the nation tends to frequently remind investors about it. The central bank highlighted the illegal status of digital assets once more on Friday. The statement also...

According to a recent study conducted by Bloomberg, the amount of energy used for crypto and bitcoin mining purposes in 2021 already outdoes all the energy used in 2020, and we’re not even three quarters of the way through the year. Crypto Mining Is Using a Lot of Electricity Some environmentalists are taking this as a bad sign. It suggests that people are not only mining more but may be increasing the carbon footprint that already stems from the mining industry. So far...

It looks like China is still not done clamping down on the crypto mining space. Another region known as the Hebei province has agreed to comply with Beijing’s ruling that all crypto mining should be omitted from China’s workforce. The province is now claiming that the practice is illegal and must end within its borders no later than September 30. China Is Still Kicking Miners Out China shocked the world not too long ago when it decided that all crypto mining should...

Argo Blockchain – a crypto mining company stationed in London – has borrowed more than 18 million pounds from Galaxy Digital, the hedge fund run by crypto mogul and billionaire investor Mike Novogratz. The purpose? To establish a new mining project in Texas that runs entirely on green energy. Argo Blockchain Has Set Its Sights on Texas The argument for green energy in the crypto mining sector has grown exponentially over the past few months. There are many statements...

Sam Bankman-Fried – the man in charge of the FTX cryptocurrency exchange – has engaged in an online Twitter feud with Massachusetts Senator Elizabeth Warren after the former presidential hopeful claimed that energy usage in the bitcoin community was contributing to the death of the planet. Elizabeth Warren Doesn’t Like Bitcoin Mining Warren – still under the impression that people are paying attention to her – tweeted a New York Times article claiming that the amount of...

Blockstream, the blockchain-focused company spearheaded by Adam Back, will develop and manage zero-emission Bitcoin mining facilities with the first to be built in North America. The firm’s initiative will come to life through a partnership with an Australian multinational independent investment bank – Macquarie Group. The Canada-based blockchain company continues with its effort to minimize the environmental damage caused by Bitcoin mining. The latest initiative comes...

Rahdi Fakhoury betreibt einige leistungsstarke Bitcoin Miner im Keller und heizt damit gleichzeitig sein Haus in South Carolina (USA) Der 14-jährige Shaan Raj und seine 9-jährige Schwester Aanya sind keine gewöhnlichen Kinder. Schliesslich führen die beiden Geschwister ein eigenes äusserst profitables Unternehmen, mit dem sie erfolgreich Krypto-Mining betreiben. Die Geschäfte...