Tag Archives: Bitcoin Mining

Jumaane Williams – a democratic gubernatorial candidate that’s seeking office in New York – says he wants to end a lot of the crypto mining that’s occurring in the Big Apple. While he’s not against crypto mining completely, he says he wants most facilities shut down so they can take time to reevaluate all the energy they’re using. Williams Wants NY to Take a “Mining Break” Williams made the announcement at a winery in the Finger Lakes, which recently saw the Greenidge...

New York offers many shuttered coal plants and cheap energy. This makes it a top spot for miners and anyone looking to set up crypto extraction businesses. However, there are many environmentalists out there that want New York to work against crypto and ban the process of adding it to the blockchain. New York and Crypto Don’t Always Go Together Environmentalists have been arguing for years that mining bitcoin is somehow harmful to the world’s atmosphere. They state that...

Das von Jack Dorsey geleitete Unternehmen Block bietet viele Stellenangebote im Bereich der Mining- und Hardware-Wallet an. Bei dem Unternehmen handelt es sich um einen Dienstleister, welche auf Zahlungen fokussiert und spezialisiert ist. Die von dem früheren Twitter-Chef geleitete Firma konzentriert sich zunehmend im Segment des Bitcoin-Minings. Die Ankündigung ist für Experten nicht besonders überraschend, da es bereits im vergangenen Jahr...

Greenidge Generation Holdings – a crypto mining firm in Dresden, New York – says it’s going to invest approximately $264 million to establish a new data center in Spartanburg County in the state of South Carolina. The new center is slated to bring around 40 new jobs to the region. Greenidge Is Heading to S.C. Governor Henry McMaster stated in a recent interview: South Carolina is transforming into a hub for tech-focused companies, and we welcome Greenidge Generation to...

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...