Tag Archives: Mine Bitcoin

Riot Blockchain – arguably one of the largest and most well-known bitcoin and crypto mining firms out there – is set to acquire Whinstone US, Inc. for approximately $80 million. Through the acquisition, Riot gains access to several of the company’s stock shares, as well as additional assets and operations. In all, the total value of the acquisition is said to be more than $650 million. Riot Blockchain Just Bought Whinstone One of the most significant points of the move...

A new report suggests that bitcoin mining operations are likely to exceed the energy requirements of more than 180 countries by the year 2024. Bitcoin Mining Is Needing Too Much Electricity As of late, bitcoin mining has been taking a lot of guff from environmentalists and people who just are not that crazy about the cryptocurrency world. They claim the process of mining bitcoin leaves a harmful mark on the environment – one that is not likely to disappear anytime soon,...

According to a new report, mining for gold is a lot less expensive than mining for bitcoin. Mining for Gold Is More Economical Over the past several months, as bitcoin has exploded in price (it’s currently trading for well over $58,000 per unit), several environmentalists and crypto bashers have taken to arguing that the mining process behind cryptocurrency and bitcoin is dangerous for the planet. They’re convinced that the ongoing extraction of new coins is going to...

Bitcoin mining continues to earn hate from environmentalists around the world, as the most recent calculations suggest the process requires more energy than the entire country of Sweden. Bitcoin Mining Gets More Expensive as the Price Expands A new report suggests that the higher the price goes, the more energy is needed to extract and mine new coins. Right now, bitcoin is traversing high $50,000 territory; it recently hit a new all-time high of approximately $61,000....

One of the big problems with bitcoin as of late is that it hasn’t become very energy conscious. Many companies and individuals alike complain that mining the currency is causing huge problems for our environment, and they want to make sure the planet is still in a healthy place in the future. Now, firms such as DMG Blockchain Solutions and Argo Blockchain are taking these worries to heart and looking to create an entirely new green sector for the mining space. Argo...

Bitcoin has been taking a lot of guff in that it allegedly leaves behind a serious carbon footprint. Many new reports have emerged over the past week claiming the process of extracting new coins does heavy damage to our environment and that it uses more energy than various countries. However, according to figures like Mike Coyler – chief executive of Foundry – bitcoin can somehow serve as a link between present energy and renewable energy, and perhaps the nasty,...

There is a long-lasting argument in the world of crypto that bitcoin is somehow negative for our environment. That it utilizes too much electricity, and as a result, our atmosphere is likely to take a real kick in the rear at some point in the future. Now, that argument is being pushed further, as data from Bank of America suggests the mining sector utilizes more energy than American Airlines, a company that flies more than 200 million people across the country each...

We keep seeing cases of institutions and largescale enterprises purchasing bitcoin and other forms of crypto to ensure their portfolios remain diverse and they can protect themselves against inflation as the U.S. dollar is subjected to weak economic conditions. After firms like MicroStrategy, Square and Tesla have all bought bitcoin, it looks like DMG Blockchain Solutions is the latest company to join the bitcoin-buying ranks. DMG Blockchain Solutions Will Mine and Buy...

A man in Washington named Malachi Salcido is being sued by multiple investors who claim he falsely touted himself as a crypto mining expert. Malachi Salcido Is Being Sought for Misuse of Funds Salcido allegedly owned a company called Step Change, which was built to mine and extract new digital coins. Investors plunked down as much as $8.5 million into the company, only to see it completely dissolve not long after. They are now out all that money and say they were lied to...

Bitcoin is doing extremely well as of late. The world’s number one cryptocurrency by market cap has once again surged into the $56,000 range and it looks like the asset is again about to hit its all-time high of $57,000. Bitcoin Mining May Be Doing Some Damage However, with this growth comes a few consequences, and one of those consequences is the carbon footprint that allegedly comes with the extraction of new BTC and crypto mining. As BTC’s price expands, we’re going...