Tag Archives: Bitcoin Mining

According to a new report, mining for gold is a lot less expensive than mining for bitcoin. Mining for Gold Is More Economical Over the past several months, as bitcoin has exploded in price (it’s currently trading for well over $58,000 per unit), several environmentalists and crypto bashers have taken to arguing that the mining process behind cryptocurrency and bitcoin is dangerous for the planet. They’re convinced that the ongoing extraction of new coins is going to...

Ripple’s CEO Brad Galinghouse has clarified his stance on bitcoin, clarifying that he has not argued for a ban against it. Nevertheless, he outlined that one transaction with BTC requires about 75 gallons of oil and noted that the entire crypto space should aim at turning bitcoin mining into a clean energy business. Garlinghouse on BTC’s Carbon Footprint BTC’s rapidly expanding price garnered the attention of the world. While some were quick to praise the assets for its...

The popular investor Kevin O’Leary stated he will only buy bitcoin mined sustainably in countries around the globe using clean energy. He distanced himself from the so-called ”blood” coins mined in China, saying he will never purchase such. Bitcoin Mined in China Is a ”Blood” Coin The controversy around the environmental damage that bitcoin mining causes goes on. The chairman of O’Shares – Kevin O’Leary, is the next one to touch on the topic. During a recent CNBC interview,...

Bitcoin mining continues to earn hate from environmentalists around the world, as the most recent calculations suggest the process requires more energy than the entire country of Sweden. Bitcoin Mining Gets More Expensive as the Price Expands A new report suggests that the higher the price goes, the more energy is needed to extract and mine new coins. Right now, bitcoin is traversing high $50,000 territory; it recently hit a new all-time high of approximately $61,000....

One of the big problems with bitcoin as of late is that it hasn’t become very energy conscious. Many companies and individuals alike complain that mining the currency is causing huge problems for our environment, and they want to make sure the planet is still in a healthy place in the future. Now, firms such as DMG Blockchain Solutions and Argo Blockchain are taking these worries to heart and looking to create an entirely new green sector for the mining space. Argo...

Bitcoin has been taking a lot of guff in that it allegedly leaves behind a serious carbon footprint. Many new reports have emerged over the past week claiming the process of extracting new coins does heavy damage to our environment and that it uses more energy than various countries. However, according to figures like Mike Coyler – chief executive of Foundry – bitcoin can somehow serve as a link between present energy and renewable energy, and perhaps the nasty,...

Kevin O’Leary – aka Mr. Wonderful on “Shark Tank” just keeps changing his mind on bitcoin. Not that there’s anything wrong with that, but he suggests he’s able to change his mind considering how accepting society has become of the world’s number one digital currency by market cap. O’Leary Felt He Couldn’t Talk About Bitcoin in the Past In a recent interview, O’Leary commented that at one point in time, it was rather difficult to like bitcoin or admit one liked it...

There is a long-lasting argument in the world of crypto that bitcoin is somehow negative for our environment. That it utilizes too much electricity, and as a result, our atmosphere is likely to take a real kick in the rear at some point in the future. Now, that argument is being pushed further, as data from Bank of America suggests the mining sector utilizes more energy than American Airlines, a company that flies more than 200 million people across the country each...

As bitcoin’s price added roughly $4,000 in a day, on-chain data shows that miners have enhanced their holding mentality and stopped disposing of their coins.At the same time, institutional investors continue accumulating large portions of BTC after another sizeable withdrawal from Coinbase worth over $800 billion.Miners HODLMiners, also known as the backbone of the Bitcoin network, receive coins as rewards for the work they put in to maintain BTC’s blockchain. Their behavior and approach...

We keep seeing cases of institutions and largescale enterprises purchasing bitcoin and other forms of crypto to ensure their portfolios remain diverse and they can protect themselves against inflation as the U.S. dollar is subjected to weak economic conditions. After firms like MicroStrategy, Square and Tesla have all bought bitcoin, it looks like DMG Blockchain Solutions is the latest company to join the bitcoin-buying ranks. DMG Blockchain Solutions Will Mine and Buy...