Tag Archives: crypto mining

Diversified holding company Bit Nile Holdings, Inc. is creating a whole new division called Bit Nile Mining Solutions that will focus on self-mining bitcoin. Bit Nile Looks to Be a Crypto Mining Solution for All The company is looking to establish partnerships with assorted crypto and blockchain firms such as Bitmain so it can engage in all aspects of crypto mining such as the distribution of equipment, hosting and managing electrical power, repairing miners and...

People are stealing energy in Malaysia. Why? Because they’re looking to get rich through crypto mining, and now the national utility company in charge of electricity use has a few ideas it’s working to implement that will purportedly combat this growing crime wave. Malaysia Looks to Stop the Theft of Its Energy The company – known as Tenaga Nasional Bhd. – says it’s looking to impose a new tariff on bitcoin mining operators. The idea is to ensure that nobody can get away...

Technology company NVIDIA has received a rather odd request from a group of hackers calling themselves Lapsus$. The organization is asking that the company make their graphics cards capable of mining faster. If NVIDIA does not comply, the hackers will release the over one TB of data they’ve allegedly stolen. NVIDIA Has Gotten an Odd Request Normally, hackers have much more malicious intent when they engage in taking over a network or system of some kind. Never was this...

Texas has become the go-to state for those looking to mine bitcoin and cryptocurrencies. Several miners who were shut out of their native China have gone to places like Texas to set up new shops and take advantage of its low energy prices. Texas Has Seen Its Mining Business Expand Heavily While this has been great for the economy in Texas, some are worried about the amount of electricity being used and the pressures this is putting on its grid. Lee Bratcher – president...

Despite heavy calls from environmentalists to end the practice, it doesn’t look like crypto mining is leaving us anytime soon. In fact, it appears that the space is going to get even bigger in the coming years. Crypto Mining Continues to Expand There is a widespread desire for digital assets, and as this desire grows, miners are being asked to place more units into circulation. Thus, crypto mining is still very much in style, and so long as people continue to demand...

Montana environmentalists aren’t happy about a decommissioned coal mine going into business again, this time as a crypto mining facility. Crypto Mining Rubs Climate Friendly People the Wrong Way Known as the Hardin generating station, the facility is a 115-megawatt coal plant located near the site of the historic battle of Little BigHorn. It was slated to close in 2018 given the lack of customers, and usage has seriously died down as of late. However, it looks like a...

Texas is quickly becoming one of the biggest crypto mining hubs in the world to the point that current governor Greg Abbott is making bringing more crypto jobs and companies to the Lone Star State part of his reelection campaign. Texas and Crypto Mining… A Great Match? The migration of crypto miners to Texas began in the summer of last year. China – which at one point housed more than 65 percent of the world’s digital mining projects – decided the practice should be...

New York City mayor Eric Adams is a crypto bull. There’s no denying that. He seems to really take bitcoin to heart. He loves the technology behind it, and he’s so confident in its abilities, he has stated that he wants crypto taught in schools so children are ready and prepared for what will surely be a crypto-dominated financial system in the future. Eric Adams Doesn’t Seem to Understand Where Crypto Comes From All this sounds fine and dandy, but if there is anything...

New York offers many shuttered coal plants and cheap energy. This makes it a top spot for miners and anyone looking to set up crypto extraction businesses. However, there are many environmentalists out there that want New York to work against crypto and ban the process of adding it to the blockchain. New York and Crypto Don’t Always Go Together Environmentalists have been arguing for years that mining bitcoin is somehow harmful to the world’s atmosphere. They state that...

Greenidge Generation Holdings – a crypto mining firm in Dresden, New York – says it’s going to invest approximately $264 million to establish a new data center in Spartanburg County in the state of South Carolina. The new center is slated to bring around 40 new jobs to the region. Greenidge Is Heading to S.C. Governor Henry McMaster stated in a recent interview: South Carolina is transforming into a hub for tech-focused companies, and we welcome Greenidge Generation to...