Tag Archives: Mine Bitcoin

Singapore-stationed crypto mining firm Bitdeer Technologies Holding Co. is merging with a company known as Blue Safari Group Acquisition Corp. The former enterprise is controlled by Jihan Wu – a Chinese billionaire who is responsible for bringing Bitmain to life – and will begin trading on the Nasdaq once the $4 billion acquisition is complete. Bitdeer Has Some Big Plans As one of the most influential people in the digital currency space, Wu worked as the head equipment...

Over the past few months, crypto has really taken precedence with traders and American politicians. For example, New York City’s mayor-elect Eric Adams wants to be paid in BTC. He also wants to see crypto taught in schools. Miami’s mayor Francis Suarez also wouldn’t mind bitcoin-based pay. Crypto Isn’t Loved By Everyone The point is that crypto is witnessing heavy growth in its popularity. Unfortunately, many environmentalists still don’t see the space as worthwhile....

Many countries – including Israel and Laos – are ramping up their crypto regulatory processes as a means of protecting investors and keeping malicious actors out of the equation. Israel and Laos Are Pushing for Safer Crypto Environments Israel, for example, has initiated strict anti-money laundering laws that could see much more disciplined reporting and a lot of criminals going out of business. A published document claims that the country’s Authority for Combating...

The Darlington Township Board of Supervisors in Pennsylvania has a hard decision to make. A company known as Geopetro, LLC – based in Worthington, Ohio – is looking to establish a new crypto data mining center in Beaver County that will be powered by natural gas. Geopetro Is Moving Forward On Its Crypto Mining Project The arguments surrounding bitcoin and crypto mining have grown exponentially over the past year. While some say the process is not as damaging as many...

The city of Miami, Florida says it will be one of the first regions in the world to offer “bitcoin yield” to its residents. Mayor Francis Suarez made the official announcement last week and said that crypto staked through Miami’s digital wallets will be used to benefit citizens. Miami Is Moving In a Revolutionary Direction Suarez has long worked to make Miami a major cryptocurrency and bitcoin hub. Not long ago, when several cryptocurrency miners were ungraciously kicked...

Not long ago, Live Bitcoin News discussed two siblings – 14-year-old Ishaan Thakur and his nine-year-old sister Aanya – and how they began their own cryptocurrency mining business. They started out earning only about three dollars on a single day, but eventually, things rose to such prominence that they began earning $30,000 per month and even established their own cryptocurrency. Two Siblings Started a Mining Business That Continues to Expand Today, since opening their...

The town of Rockdale, Texas is small and doesn’t have much of a population. It may not seem like the city has much to offer, but for bitcoin miners, the amount of open space combined with low energy costs is a dream come true, and two big companies – Bit Deer and Riot Blockchain – are duking it out for dominance over the area. Rockdale Is the Envy of Major BTC Miners Both companies are within proximity of each other. In fact, Bit Deer – a division of Bitmain, arguably...

Blockchain and e-commerce firm Future FinTech Group Inc. is looking to build a new crypto mining farm in the South American nation of Paraguay. Future FinTech Brings Crypto Mining to South America The country’s minister of social development and the mayor of the city of Coronel Oviedo announced that they’ve had discussions with many of the firm’s executives regarding the development of its plans and the proposed site. In addition, the former deputy minister of national...

Jack Dorsey – the CEO of both social media giant Twitter and payments company Square – says that his latter company is looking into potentially creating a simplified mining rig that he believes will help the industry get stronger. Dorsey and Square Tackle Crypto Mining In a tweet last week, Dorsey explained: Square is considering building a bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. If we do this, we’d follow...

Up to this point in time, China has always been the dominant country when it comes to mining bitcoin. Sadly, the region has done all it can to eliminate its standing in the industry, and now it looks like another nation – the United States – has opened itself up to become the world’s primary leader in the world of bitcoin mining. China Has Been Outdone By the U.S. China was – at one point – home to about 65 to 75 percent of the world’s crypto mining projects. It also is...