Tag Archives: Bitcoin Mining

Ukraine has announced plans to establish major data centers near some of its many nuclear power plants. These centers will ultimately be used to mine cryptocurrency and store important documents. The news suggests that bitcoin and cryptocurrency is growing more popular around the world as prices continue to experience further spikes.Ukraine Looks to Establish Itself as a Mining StateAs it stands, there are contrasting reports regarding how much electrical energy will be required for the...

Popular blockchain company, Blockstream has purchased $25 million worth of MicroBT’s WhatsMiner M30s Bitcoin mining hardware. Blockstream stated in an announcement that it plans to deploy the hardware across its various mining facilities located in the United States and Canada. A Top Secret Mining FacilityFurthermore, Blockstream disclosed that it would allocate some of the mining equipment to a new “top-secret” mining facility it plans to launch soon. The purchase will be an essential...

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China has always had the upper hand when it comes to bitcoin mining. The country hosts two of the largest distributors and builders of mining equipment in Bitmain and Canaan Creative. However, as of late there appears to be a national chip shortage, which means China may be losing its edge when it comes to extracting new crypto units.China Is Starting to Lose Its EdgeRight now, the prices of mining machines and related equipment have surged like there’s no tomorrow in China given how rare...

Over the weekend, Iran was the victim of several energy blackouts that saw entire electrical grids go dark for hours at a time. Now, government heads are saying that bitcoin mining may have had something to do with these blackouts.Iran Suffers Blackouts; BTC Mining to Blame?Iran – like many of the world’s nations – has been hit hard by the coronavirus pandemic. The nation is under heavy economic stress and often sees its energy sectors mismanaged by those who have been put in charge. However,...

Central Washington – an area that has attracted a high level of bitcoin and crypto mining operations thanks to its low energy costs – has been told to watch out for any signs of bootleg mining companies.Central Washington Is Now Keeping an Eye OutAmong the red flags that the area has been put on high alert for are unusually high energy bills and exhaust fans that operate on a 24-hour scale.The area has been one of the most sought-out regions amongst crypto and bitcoin miners since 2017. At...

Right as bitcoin struck its new all-time high of roughly $28,700 in late December of last year, several bitcoin mining stocks rose to new levels, thereby suggesting that mining is becoming a much more lucrative business and that the world’s number one digital currency is more profitable than ever.Bitcoin Mining Companies Are Growing Like Never BeforeAbout a week ago, shares in companies such as Riot Blockchain and Marathon Patent Group experienced their highest peaks in years. The sentiment...

Sweden and Norway have taken the top spots for bitcoin and cryptocurrency mining. Both countries have endured long and wet weather – some of the wettest of the past 20 years. This has given both regions the rainwater they needed to ensure they possess strong, hydroelectric power, which remains some of the cheapest in the world. As a result, many crypto miners are looking at these regions as the top places to set up operations.Sweden and Norway Are the Top Mining NationsAs it stands, much of...

Von China nach Skandinavien: Die Bitcoin Mining Farmen beginnen ein lange Reise und verlagern sich von China nach Schweden und Norwegen. Ein weiterer Meilenstein für die Digitalwährung. Der Bitcoin Mining Markt ist im Wandel. Von China verlagert sich der Markt zunehmend nach Europa. Schweden und Norwegen mausern sich zu den neuen Hochburgen des Bitcoins. Die westlichen Länder gelten als stabil...

Imagine that you come across a collectible you want. You’ve done the math, and you know it’s only worth a specific amount, yet the seller wants double or triple that price. Would you take it? Do you want this collectible enough? When it comes to bitcoin, people are allegedly so desperate to get their hands on the currency that they’re suddenly willing to pay just about anything to add it to their portfolios.Bitcoin Premiums Are Through the RoofBitcoin, the world’s number one cryptocurrency by...