Tag Archives: Bitcoin Mining

Another cryptocurrency data mining center has joined the digital craze. Known as Litchain Corp., the company was founded by Tony Tate – who is also the CEO – and is slated to create as many as 300 new jobs that pay a minimum of $60,000 per year. Litchain Corp. Is Ready for Business The mining center was established in an old warehouse owned by Gaffney Public Works. Based in South Carolina, Litchain is entering an arena that has stirred some heavy controversy in recent...

The U.S. Congress has completed a meeting in which members discussed how they can make the process of bitcoin mining greener. The situation is a bit of a two-sided coin in that they want to ensure renewable energy is available to this growing industry as they acknowledge it’s not likely to go anywhere soon. Why Is Congress Getting Involved in Crypto Mining? The meeting took place amongst members of the House Energy and Commerce Committee. The U.S. has become a major...

Investors of Core Scientific Inc. (a leading US bitcoin mining company) have reportedly approved a plan to get listed on Nasdaq. The firm started trading under the symbol CORZ. Nasdaq’s Newest Member According to a recent report by Bloomberg, the blockchain infrastructure provider – Core Scientific Inc. – will proceed through an estimated $4.3 billion merger with the special-purpose acquisition company Power & Digital Infrastructure Acquisition Corp. (ticker XPDI). The...

Jack Dorsey – the CEO of Block, formerly known as Square – has emerged to say that his firm is moving forward on plans to develop an open bitcoin mining system. Jack Dorsey Wants a World Where Everyone Can Mine BTC What does this mean? Basically, all customers of Block will have the opportunity to mine bitcoin and other forms of crypto through a fully accessible system. In a tweet late last week, Dorsey announced: We’re officially building an open bitcoin mining system....

Intel – the world’s second-largest semiconductor chip manufacturer – appears to be planning a Bitcoin mining chip reveal. At this year’s ISSCC conference, the organization has a presentation scheduled under the “Highlighted Chip Releases” category to showcase a “Bonanza Mine” processor. The Bonanza Mine Processor As reported by Tom’s Hardware, Intel describes the chip as an “ultra-low-voltage energy-efficient Bitcoin mining ASIC”. An ASIC is an application-specific integrated...

Fintech merchant services provider and crypto mining firm The OLB Group, Inc. has signed a long-term lease on a 10,000 square foot warehouse in Bradford, Pennsylvania. The building can store as many as 2,000 Antminer machines and is situated in an industrial park near the city’s regional airport as a means of limiting the noise the machines produce and affecting nearby residents. The OLB Group is Bringing Crypto Closer to Home The facility will be fully powered by...

Reports emerged indicating that the Chinese officials are keeping a close eye on cryptocurrency activities and are applying innovative strategies to tackle virtual currency money laundering. “An Important Breakthrough” According to the Chinese state-owned broadcaster, CCTV (controlled by the CCP), the country’s Ministry of Public Security has solved 259 cases that involve cryptocurrency money laundering. It also seized cryptocurrencies worth 11 billion yuan, or nearly $1.7...

After the most recent correction in which BTC lost 15% of value in days, bitcoin miners have started to accumulate in large portions once again. At the same time, yesterday saw the most significant bitcoin withdrawal from crypto exchanges since September. Bitcoin Miners Change of Strategy Being the backbone of the Bitcoin network, miners’ behavior in regards to their BTC holdings is essential for the overall landscape around the asset. Typically, they tend to sell after a...

In 2018, Siraj Raval purchased a Tesla Model 3 electric vehicle. Today, he doesn’t just use it to get from point A to point B… He uses it to mine cryptocurrencies like bitcoin and Ethereum. You Can’t Buy a Tesla with Crypto, but You Can Use it for Mining Raval has run bitcoin mining software on the Apple Mac mini M1 computer located within the car. He has also plugged an inverter into the 12-volt power socket located within the vehicle’s center. While engaging in this...

Kazakhstan is experiencing civil unrest after a major internet shutdown resulted in many businesses – including crypto mining projects – unable to operate appropriately. Kazakhstan Internet Outage Results in Rioting Kazakhstan has become a new bitcoin mining hub over the past several months following the major China shutdown that occurred in the summer. China announced that to comply with new rules from Beijing designed to make the country more carbon neutral, all...