Tag Archives: Mine Bitcoin

Iran has officially banned bitcoin mining. In a recent statement, the country’s president Hassan Rouhani says that the nation has been the victim of numerous blackouts over the past several months and officials are claiming the extraction of new digital coins could be the cause. Thus, the government is not willing to take any chances and is setting a ban in place before things can potentially get worse. Iran Ends All BTC Mining… For Now Bitcoin mining has been under...

Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – has taken more jabs at the bitcoin mining process. Elon Musk Isn’t Done Asking Mining Questions People were shocked last week when Tesla announced it would not be accepting bitcoin payments for goods and services despite claiming it would do so back in March. Sadly, this sent bitcoin into a huge downward spiral, and at the time of writing, the world’s biggest and most...

Bitcoin’s price has fallen once again following news from China. The Asian country says its regulatory authorities will begin cracking down on all mining and trading activities. China Seeks to Limit Trading and Mining The country has always had a rather up and down relationship with the world’s number one digital currency by market cap. At one point, there was more bitcoin activity occurring within China’s borders than any other region. China is also home to both Bitmain...

New York is concerned about bitcoin mining. So much, in fact, that a new Senate bill is looking to shut down all mining operations for approximately three years until the state can assess the damage done to the environment through mining. New York Has Taken a Stance Against BTC Mining While it is easy to point the finger at New York right now and accuse it being closed minded, the fact is that this is something that appears to be worrying the entire world, especially...

Is it possible to go from being a bitcoin lover to a bitcoin hater? For one German software developer, that is exactly what happened. Moritz Schmidt recently donated more than one million euros to Europe’s Green Party in the hope that they will become powerful enough to ban bitcoin and crypto mining in the future. Schmidt Suddenly Doesn’t Care for BTC Schmidt is a confusing figure in the sense that at one point, he made quite a bit of money earning and trading BTC. He...

Ripple co-creator Chris Larsen believes that unless bitcoin changes itself to be more environmentally friendly, all hope for the world’s largest and most popular digital currency is lost. Chris Larsen: BTC Needs to Change Modules Bitcoin has been taking a lot of guff in recent weeks given that its constant price increases have led to boosts in energy usage for crypto miners. The higher the price of bitcoin goes, the more expensive it becomes to mine and extract. Right...

If we thought bitcoin was doing poorly before, we are having to redefine our ideas. It looks like the world’s number one digital currency by market cap has fallen below the $50,000 mark and at the time of writing, is trading for just over $49,000. Bitcoin Is Suffering Harder Than It Has in a While This marks a $5,000 drop for the asset in just the past 24 hours and a fall of more than $15,000 for the currency over the past two weeks. The currency appears to be dipping...

It appears that Jack Dorsey – the man behind Facebook competitor Twitter and payment processor Square – and Elon Musk, the South African entrepreneur responsible for bringing both Tesla and SpaceX to the mix, agree on one thing. That thing is the future and power of bitcoin mining. Bitcoin Mining Is the Center of Many Arguments In a recent tweet, Dorsey commented that bitcoin “incentivizes” renewable energy. From there, he received a response from Musk which simply read...

The great desire for bitcoin mining to run on clean energy has taken an unexpected turn. While many people still demand this for the future, it looks like renewable energy is not as common as it once was. In fact, the Nordic region – which includes countries like Iceland and Norway – has become a staple area for this kind of energy, and yet it appears to be running dry. Bitcoin Mining Needs Clean Energy, but Supplies Seem Limited For the past few months, as bitcoin has...

Gryphon Digital Mining has just completed a new funding round in which the company has raised a whopping $14 million to launch a new bitcoin mining firm that will leave no carbon footprint. Gryphon Digital Mining Has Raised a Lot of Money The hate towards bitcoin mining appears to be growing now that bitcoin has reached its new all-time high of more than $60,000 per unit. The idea is that granted bitcoin’s price grows, so do its mining costs and requirements, which are...