Tag Archives: Bitcoin Mining

The Inner Mongolia region of China is a prime hotspot for bitcoin miners. The energy is cheap and plentiful, so if you’re looking to potentially be part of the extraction process for new coins, this is probably the place to do it in.China Takes Quick ActionHowever, if you show up to do business within this region, make sure you don’t lie on your application form, and always be clear about who you are and what you’re looking to accomplish. Approximately 21 mining farms – including those of...

Riot Blockchain has announced that it has signed a $17.7 million purchase with China’s Bitmain – the largest and most dominant crypto mining firm in the world – and that it will buy more than 8,000 next generation Antminer machines to extract new coins.Riot Blockchain Is Expanding Its HorizonsAccording to the terms of the purchase, Bitmain will deliver approximately 2,000 machines per month to Riot Blockchain beginning in January of next year and ending four months later in April. Riot is a...

According to a new op-ed by Chris Larsen – the co-founder and executive chair of Ripple – the United States is losing the tech war against China and other nations.Chris Larsen: China Holds a Strong PositionRipple is presently the fourth-largest cryptocurrency by market cap after bitcoin, Ethereum and Tether. According to Larsen, nations such as China are way ahead when it comes to cryptocurrencies and are potentially putting lots of money into ensuring miners have everything they need to stay...

New York is a growing hotspot for bitcoin and cryptocurrency mining companies like Greenidge Generation.New York – Where Bitcoin Miners Never SleepOften, New York is known for being a rather expensive place. The real estate alone attracts only the rich and famous, while a bowl of soup in an upscale Manhattan restaurant is likely to cost $100 or more. New York may be pricier than other places, but its upstate region appears to offer some relatively cheap energy, which makes it a prime location...

There are several conflicting reports in the crypto world as of late. Despite the idea that bitcoin is surging like mad and is on the verge of once again striking the $11,000 range, it looks like things are very up and down otherwise for both miners and institutions.The Bitcoin Market Is Straddled with Ups and DownsRecently, Live Bitcoin News reported that Bit Farms, a cryptocurrency mining firm, is straddled with heavy debt and is struggling to repay the $20 million+ it owes by the time 2021...

Canadian crypto mining firm Bit Farms is swamped with high-interest debt.How Will Bit Farms Pay Everything Off?The company has been struggling to pay off much of what it owes. Straddled with declining revenue, the company is scheduled to pay more than $20 million by the time 2021 rings in, which means the venture could be in a heap of trouble.The mining industry has been treated very poorly over the past several months largely due to the coronavirus pandemic that has been spreading across the...

There appears to be a running theme of mixing politics with crypto, and the latest example comes by way of former Ron Paul campaign manager Craig Bergman.Bergman Sees Crypto in a New LightBergman was the political director for the Ron Paul 2008 presidential campaign. Since exiting the political spectrum, he has served as the president and CEO of a cryptocurrency mining company called Vortex Blockchain Technologies Inc. At the time of writing, the company currently focuses on mining bitcoin...

Is bitcoin readying itself for another bull run? According to crypto executive Charles Edwards and what’s known as the Hash Ribbon indicator, the answer is “yes.”The Hash Ribbon Is Appearing Once AgainThe last time a “Hash Ribbon” appeared was in late April. At that time, the world’s number one cryptocurrency by market cap was trading for around $7,500, more than $3,000 higher than where it had stood during the coronavirus peak in mid-March. From there, bitcoin ultimately rose to as high...

Money Plane Der Gangsterfilm Money Plane widmet sich mit Starpower dem Thema Kryptowährungen. Kelsey Gramer und Denis Richards machen sich auf, eine wertvolle Bitcoin-Fracht aus einem Flugzeug zu befreien. Wie detailgetreu die Darstellung der digitalen Währungen ausfallen wird, bleibt abzuwarten. Der Trailer gibt bereits einen ersten Einblick in die Story. In Money Plane dreht...

It looks like North America is about to become a major player in the bitcoin mining sector thanks to companies like Core Scientific.Core Scientific Is Paving the WayThe enterprise has recently inked a deal with a mining equipment venture in Malaysia to purchase more than 17,500 Antminer machines from Bitmain. The company has already gotten its hands on some of these machines and have installed them so that miners can begin extracting new coins. The rest of the machines are slated to arrive by...