Tag Archives: Bitcoin Mining

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...

A tax law that was implemented in 2017 as a means of helping poor communities is allegedly being taken advantage of by crypto miners and investors. Crypto Investors Are Using a Tax Law to Their Advantage The law in question allowed certain individuals and companies to either delay or reduce their capital gains taxes when they sell a stock or crypto unit if they take the money they earned and invest it in what are known as opportunity zones, which are neighborhoods that...

New York City mayor Eric Adams is a crypto bull. There’s no denying that. He seems to really take bitcoin to heart. He loves the technology behind it, and he’s so confident in its abilities, he has stated that he wants crypto taught in schools so children are ready and prepared for what will surely be a crypto-dominated financial system in the future. Eric Adams Doesn’t Seem to Understand Where Crypto Comes From All this sounds fine and dandy, but if there is anything...

Intel Corp on Friday announced the launch of an energy-efficient super-fast processing chip for blockchain applications. Billed to be 1000x faster than its nearest rivals, Intel’s “blockchain accelerator” will be available to its customers later this year. Intel’s foray into blockchain processing chip making The official release by Raja M. Koduri, Senior Vice President, General Manager, Accelerated Computing System, and Graphics Group, elaborates on the launch of Intel...

Despite the ongoing geopolitical uncertainty and economic turmoil throughout the world, Bitcoin’s network continues to get more robust. Following a recent spike, its hashrate reached yet another all-time high. It goes without saying that there’s a lot of economic turmoil and geopolitical uncertainty as international tension surrounding the relationship between Ukraine and Russia intensifies. Meanwhile, market participants are eagerly anticipating hinted rate hikes as...

Der Energieaufwand des Bitcoin-Minings bleibt ein Kritikpunkt der Umweltaktivisten. Zwar wird diese Kritik oftmals übertrieben, um eine Bitcoin-Regulierung voranzutreiben, allerdings stellt sich für die Zukunft dennoch die Frage, ob man das Mining von Bitcoin und anderen Cryptocoins auch umweltfreundlich umsetzen kann. In Norwegen wird die Antwort darauf bereits erbracht. Bitcoin News: Bitcoin Mining mit Grüner Energie in NorwegenIn einer kleinen Stadt, ungefähr 40 km von Oslo entfernt,...

The Central Bank of Hungary joined the growing number of central monetary entities believing that bitcoin trading and mining should be banned. Similar to most bashers, the organization’s Governor asserted that cryptocurrencies could facilitate illegal activities. In a press conference on February 11th, György Matolcsy, the current Governor of the Hungarian central bank, urged the country to implement a blatant ban on cryptocurrencies. He made a rather familiar argument as...

The State of Georgia might become the next hub for cryptocurrency miners as it provides relatively low electricity prices and a large amount of nuclear and solar power, a new coverage revealed. Furthermore, local regulators have shown a friendly stance towards this side of the digital asset industry. Can Georgia Become The Crypto Mining Capital of The US? Up until last year, things were not looking so positive for cryptocurrency miners who wanted to position their businesses...