Tag Archives: Bitcoin Mining

Bitcoin could be heading towards a significant price boost, at least according to several on-chain features. Miners have ceased disposing of their coins, and so have long-term hodlers. At the same time, the Stablecoin Supply Ratio has dropped substantially lately. Miners and Long-Term Holders Refuse to Sell Apart from being the backbone of the Bitcoin network, miners also have a notable role when it comes down to the price of the underlying asset. As previously reported by...

Changpeng Zhao – the CEO of Binance, arguably the largest and most popular cryptocurrency exchange by daily trading volume – has called out Elon Musk over his alleged lack of willingness to accept bitcoin payments for Tesla-based goods and services. Elon Musk Has Attracted Some Backlash from Zhao It appears Zhao has issues with Musk’s recent words regarding the mining process behind bitcoin. While Tesla was initially set to accept bitcoin as a method of payment, Musk...

Cloud mining services are an easy way to earn passive income online. Although you can earn income through cryptocurrencies in many other ways such as trading, this requires significant investment of time which you may not have. There are many cloud mining services coming up recently, but Nhash is one of the largest and most profitable. With it, you can invest in a mining contract and earn passive income without having to lift a finger. This article highlights Nhash’s...

BTC miners in Argentina are thriving by taking advantage of cheap, subsidized energy. Countries with low utility rates have been great spots for crypto miners, and the resurgence of capital controls is boosting profits for miners in Argentina. The news was first reported by Bloomberg, later republished in the Buenos Aires Times. Miners Taking Advantage of Cheap Electricity  Experts like Nicolás Bourbon, a crypto-miner in Argentina, have said this is an opportunity to take...

Police in the United Kingdom were flabbergasted after they were forced to switch perspectives mid-assignment. Law enforcement within the country took part in a raid on a specific property thinking that it was growing and housing illegal marijuana. However, upon busting down the doors and looking around, they were confused and surprised to see that it was not a marijuana farm, but rather a large bitcoin mining establishment. Marijuana Farm Turns Out to Be Bitcoin Mining...

Iran has officially banned bitcoin mining. In a recent statement, the country’s president Hassan Rouhani says that the nation has been the victim of numerous blackouts over the past several months and officials are claiming the extraction of new digital coins could be the cause. Thus, the government is not willing to take any chances and is setting a ban in place before things can potentially get worse. Iran Ends All BTC Mining… For Now Bitcoin mining has been under...

After blaming BTC mining for electricity blackouts and sending spies to hunt down illegal miners, Iran has placed a temporary ban on such endeavors in its borders. According to a Bloomberg coverage, the Iranian government has placed a ban on all cryptocurrency mining endeavors until September 22nd. The ban is effective immediately and comes ahead of the country’s highest energy consumption season. This is Iran’s most strict attempt to reduce crypto mining, which soared in...

Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – has taken more jabs at the bitcoin mining process. Elon Musk Isn’t Done Asking Mining Questions People were shocked last week when Tesla announced it would not be accepting bitcoin payments for goods and services despite claiming it would do so back in March. Sadly, this sent bitcoin into a huge downward spiral, and at the time of writing, the world’s biggest and most...

Bitcoin’s price has fallen once again following news from China. The Asian country says its regulatory authorities will begin cracking down on all mining and trading activities. China Seeks to Limit Trading and Mining The country has always had a rather up and down relationship with the world’s number one digital currency by market cap. At one point, there was more bitcoin activity occurring within China’s borders than any other region. China is also home to both Bitmain...

Crypto exchanges FTX and BitMEX pledged to become carbon neutral. They will start the process with considerable donations to balance emissions. The Musk Effect Following the environmental debates which Elon Musk caused with his tweets earlier this week, two of the leading cryptocurrency exchanges announced they would become carbon neutral. The San Fransisco-based trading venue – FTX – revealed its commitment to implement the inovation. In a recent tweet, it reminded that...