Tag Archives: Bitcoin Mining

El Salvador is now using energy from nearby volcanoes to mine bitcoin. El Salvador Is Putting Local Volcanoes to Good Use President Nayib Bukele announced late last week that his country had minted what he called the first volcano-powered bitcoin unit. He also posted a video of bitcoin rigs being set up at a geothermal crypto mining operation stationed in a forest which happened to be near a volcano. Thus far, El Salvador has only managed to extract roughly $280 in BTC...

Hatten Land Ltd in Singapore has joined hands with Frontier Digital Asset Management Pte Ltd. The companies will now work together to manage more than 1,000 crypto mining rigs operating within Hatten Group properties based in Malaysia. Hatten Land Is Revamping Its Mining Projects Beginning in the fourth quarter of 2021, Hatten says that several new digital currency mining rigs will be installed between the two companies. Frontier also operates approximately 700 separate...

Two U.S. Senators – Maggie Hassan, a democrat from New Hampshire and Joni Ernst, a Republican from Iowa – have introduced a new bill that would allow regulators in the country to examine the behaviors of miners both within the nation and abroad. Maggie Hassan Wants to Know What’s Happening in the Mining World The new bill asks that the Treasury Department look at how nations today are using the crypto they mine. It also asks that they examine how much cryptocurrency has...

SAITECH Limited – a crypto mining company that focuses on green energy and hosts mining rigs for its clients – is joining hands with Trade UP Global Corporation, a publicly traded special purpose acquisition firm. SAITECH Is All Set to Join the Nasdaq The partnership will allow SAITECH to become publicly traded on the Nasdaq under the symbol “SAI.” The company will not experience any changes in management, and executives will be made holders of Trade UP stock options....

Nayib Bukele – president of El Salvador – recently took to Twitter with some mining numbers. It appears that the country’s developing volcanic mining facility has produced its first Bitcoin. Volcanic Bitcoin As revealed by Bukele earlier today, the gains produced by the volcano are still small. However, the president still seemed quite enthusiastic to have gotten the project started, showing his new numbers alongside a single heart emoji. At the time of posting, the facility...

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...