Tag Archives: Bitcoin Mining

The town of Forsyth, Georgia is about to get a whole new cryptocurrency mining facility, but unfortunately, not all the residents are taking the news well. Forsyth, Georgia Will Be a New Crypto Haven The crypto mining industry has been great for many people. It has led to huge surges in new types of revenue, and it has also created a whole new string of jobs for tech hounds to enjoy. Sadly, the space has also garnered heavy bits of criticism from environmentalists who...

Spanish politician and deputy of the Ciudadanos in the country’s Congress, María Muñoz, has proposed the creation of a national strategy to attract Bitcoin miners and other crypto-related activities following the protests in Kazakhstan. María Muñoz took it to Twitter yesterday to bring up a proposition where Spain positions itself as a future Bitcoin mining hub.  The protests in Kazakhstan have repercussions all over the world, also for Bitcoin. We propose that Spain...

The European nation of Kosovo has banned all bitcoin and crypto mining as a means of saving electricity. The country is currently facing one of the worst energy crises it’s ever experienced, and it’s allegedly due to production outages. Kosovo Becomes the Next Country to Ban BTC Mining Artane Rizvanolli – the economy and energy minister – explained in a statement: All law enforcement agencies will stop the production of this activity in cooperation with other relevant...

Canaan, one of the world’s largest manufacturers of Bitcoin mining equipment, announced strategic collaboration agreements with several mining companies in Kazakhstan as part of its expansion plans in the region. Canaan’s Expansion Roadmap The latest development of Canaan’s joint-mining business plans with Kazakh firms comes a few weeks after a successful launch of the last batch of mining machines online under its first phase of deployment in the nation. As of December 31st,...

Mike Novogratz – the CEO of Galaxy Digital Holdings Ltd. – says that bitcoin doesn’t consume nearly as much energy as everyone seems to think it does. Mike Novogratz Discusses How Much Energy BTC Really Uses Energy consumption has been a big topic in the world of bitcoin and cryptocurrency over the past year or so. Environmentalists everywhere seem to believe that mining crypto is somehow going to destroy the planet or render it unusable in some way. Even big names in...

One of the largest cryptocurrency mining companies – Marathon Digital Holdings – bought 78,000 Antminer S-19 XP Miners from the Chinese manufacturer – Bitmain. To acquire the equipment, the firm spent nearly $900 million. Marathon Deepens Its Mining Efforts According to the filing with the Securities and Exchange Commission, Marathon Digital Holdings (NASDAQ symbol: MARA) will receive the machinery in the second half of 2022. Bitmain will deliver 13,000 units per month in...

The Iranian Ministry of Energy has ordered local authorized cryptocurrency miners to temporarily suspend their activities in the face of electricity shortages during the coldest months of the year. This is the second time authorities take measures of this kind as they did the same between May and September this year. Same Ban, Different Season After blaming BTC mining for electricity blackouts, the Iranian government placed a temporary ban at the end of May. The country’s...

Meten Holding Group Ltd. – an English-language training program used regularly in China – has joined a panel of experts to establish a whole new bitcoin mining and research firm. Meten Holding Is Building Its Own Mining Firm The new company will study, build, and sell mining equipment. Among the industry experts that are helping Meten create its new line of business are Mr. Zhijun Liu, VP of Hummingbird Mining Machine, a crypto mining enterprise; Yunning Li, the former...

Eco Penguin – a company designed to offset carbon emissions in the crypto industry – is partnering with a non-profit company known as Carbon Offsets to Alleviate Poverty (COTAP). It is the first carbon-offsetting company to accept crypto as a method of payment. Eco Penguin Is Hoping to Limit Carbon Emissions from Crypto The goal is to help all crypto firms accept responsibility for the damage they allegedly cause to the environment. This has been a heavy topic over the...

Ever since the mid-year substantial sell-off, bitcoin miners’ reserves have been gradually rising, and their total holdings have reached a six-month high. Additionally, on-chain data showed that the reaccumulation levels had reached the September highs, right before BTC started to gain value rapidly. Miners Back to HODLing It was back in June this year when most bitcoin miners disposed of significant portions of their holdings in a relatively short period. This had a...