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Tag Archives: crypto mining

Bit Deer Opens New Crypto Mining Firm in Bhutan

Bit Deer Technologies Group is opening a new crypto mining facility in the Asian country of Bhutan. Bit Deer Sets Its Sights on Asia Bit Deer is a crypto mining firm based in Singapore. Founded by Chinese billionaire Jihan Wu, the company stated that it has recently finished power testing the facility and it will open its doors for BTC extraction purposes. Linghui Kong – the CEO of Bit Deer – said in a recent statement: Our Gedu data center, nestled in the serene...

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Texas Residents Aren’t Happy About the Influx of New Crypto Miners

Texas has garnered a reputation for being very pro crypto. The state opened its borders to several miners from China about two years ago after their home country announced in the summer of 2021 that crypto mining would no longer be permitted per new rules from Beijing. Texas Citizens Have Mining Concerns With nowhere to turn, many reverted their sights to the Lone Star State, admiring its many open lands and its cheap electricity prices. Not wanting to miss out on...

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Vilonia, Arkansas Could Soon Be Home to a New Chinese Crypto Mining Facility

A China-owned crypto mining facility could be built in the rural town of Vilonia, Arkansas, and the residents aren’t too happy about that. Will Vilonia Be a New Crypto Mining Hub? What’s odd is that the mining facility is controlled and owned by China, a country that not long ago decided crypto mining should be illegal due to the alleged harm it does to the atmosphere. The country announced that due to new “green” rules implemented by Beijing, all crypto mining...

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DWP Executive John Chen Suspended After Engaging in Crypto Mining

John Chen, an executive working with the Los Angeles Department of Water and Power (DWP), has been placed on administrative leave after he took part in crypto mining companies that allegedly go against the values and ethics of his agency. John Chen in Hot Water Chen reportedly earns more than $300K a year through his job with the DWP. He has served, for the past few years, as the department’s director, though having been part of a crypto mining company in Colorado...

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The Arguments Against Crypto Mining May Be Based on Untrue Facts

The crypto mining debate has raged for years, but it appears the fight is taking stronger precedence in recent weeks. Is Crypto Mining a Damaging Enterprise? Maybe Not… There have been many reports published, over some time, claiming that crypto mining is putting the planet in harm’s way. They say there are several developing nations that do not use the same amount of energy as crypto mining facilities. In addition, there are several arguments that say the...

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New Crypto Bill in Texas Would Really Hurt Miners

A new bill is making its way to the Texas House of Representatives that might make it hard for crypto mining companies within the state to gain access to the funds and resources they need to stay afloat and function properly. Texas Crypto Bill Is the Wrong Move The bill, for one thing, would ensure that power costs for the largest crypto miner in the state will increase by as much as $30 million each year. Also, miners would only be able to provide a limited...

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Kevin O’Leary: The U.S. Needs to Change Its Attitude on Crypto Regulation

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Kevin O’Leary of “Shark Tank” fame is worried about how the U.S. government is dealing with crypto regulation. He says the federal government is less concerned about policy and more concerned with taking fast action, and this is coming back to hurt innovation. Kevin O’Leary: All the U.S. Needs is Policy Right...

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Buncombe County in North Carolina Shuts Down Crypto Mining for One Year

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Buncombe County commissioners in North Carolina are taking a page out of New York’s crypto playbook and are enforcing a one-year moratorium on all crypto mining operations so they can explore regulations and laws. North Carolina County Halts Crypto Mining Planning director Nate Pennington said in an interview:...

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Biden Wants to Tax Crypto Mining Companies at 30%

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Biden and his fellow group of nation haters are once again setting their sights on cryptocurrency. Biden is asking Congress to pass a new 30 percent tax on all crypto mining operations. Biden is Again Attacking Crypto The goal is to allegedly prevent climate change and stop the crypto mining arena from having a...

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New York Town of Brasher Implements Crypto Moratorium

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Right when we thought New York was going to become a more crypto-friendly state, the region of Brasher announced it is implementing a six-month cryptocurrency moratorium on all digital currency mining and related activities. Brasher Ain’t Too Keen on Crypto Mining The moratorium is set to go into effect on...

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