Tag Archives: Mine Bitcoin

Canadian company Neptune Digital Assets Corp. is partnering up with Link Global Technologies to engage in crypto mining operations. Neptune and Link Are Hooking Up to Mine Crypto As the price of bitcoin has exploded in recent months, the prospects of mining crypto are suddenly looking rather positive. The higher the price of a certain coin, the more profitable it is to mine, so right now, one can assume that anyone extracting new coins is making a nice living for...

From both ends of the world, bitcoin is the target of much speculation. In the west, it appears to be the subject of positivity, with the likes of Citibank commenting that bitcoin is likely to be at the center of much cultural and revolutionary change. In the east, countries like China are looking to implement serious limits on bitcoin and crypto mining. With both sides offering opposing views, it looks like bitcoin has used this time to heal some of its wounds and...

As the price of bitcoin continues to surge this week, new arguments are emerging regarding the incredible amounts of energy bitcoin mining requires.Bitcoin Mining Needs More Energy Than EverIn the past, we have all read reports of bitcoin mining needing as much energy as what’s necessary to power Sin City (aka Las Vegas, Nevada). In addition, we have also heard that countries such as Iceland now use more energy for bitcoin mining that they do to power all their residences, but how much of all...

Ukraine has announced plans to establish major data centers near some of its many nuclear power plants. These centers will ultimately be used to mine cryptocurrency and store important documents. The news suggests that bitcoin and cryptocurrency is growing more popular around the world as prices continue to experience further spikes.Ukraine Looks to Establish Itself as a Mining StateAs it stands, there are contrasting reports regarding how much electrical energy will be required for the...

China has always had the upper hand when it comes to bitcoin mining. The country hosts two of the largest distributors and builders of mining equipment in Bitmain and Canaan Creative. However, as of late there appears to be a national chip shortage, which means China may be losing its edge when it comes to extracting new crypto units.China Is Starting to Lose Its EdgeRight now, the prices of mining machines and related equipment have surged like there’s no tomorrow in China given how rare...

Over the weekend, Iran was the victim of several energy blackouts that saw entire electrical grids go dark for hours at a time. Now, government heads are saying that bitcoin mining may have had something to do with these blackouts.Iran Suffers Blackouts; BTC Mining to Blame?Iran – like many of the world’s nations – has been hit hard by the coronavirus pandemic. The nation is under heavy economic stress and often sees its energy sectors mismanaged by those who have been put in charge. However,...

Central Washington – an area that has attracted a high level of bitcoin and crypto mining operations thanks to its low energy costs – has been told to watch out for any signs of bootleg mining companies.Central Washington Is Now Keeping an Eye OutAmong the red flags that the area has been put on high alert for are unusually high energy bills and exhaust fans that operate on a 24-hour scale.The area has been one of the most sought-out regions amongst crypto and bitcoin miners since 2017. At...

Right as bitcoin struck its new all-time high of roughly $28,700 in late December of last year, several bitcoin mining stocks rose to new levels, thereby suggesting that mining is becoming a much more lucrative business and that the world’s number one digital currency is more profitable than ever.Bitcoin Mining Companies Are Growing Like Never BeforeAbout a week ago, shares in companies such as Riot Blockchain and Marathon Patent Group experienced their highest peaks in years. The sentiment...

Sweden and Norway have taken the top spots for bitcoin and cryptocurrency mining. Both countries have endured long and wet weather – some of the wettest of the past 20 years. This has given both regions the rainwater they needed to ensure they possess strong, hydroelectric power, which remains some of the cheapest in the world. As a result, many crypto miners are looking at these regions as the top places to set up operations.Sweden and Norway Are the Top Mining NationsAs it stands, much of...

It’s happened again, folks. Another cryptocurrency exchange hack is in the books. This time, the victim is EXMO based in the United Kingdom. At the time of writing, roughly five percent of the platform’s assets have disappeared.EXMO Has Been HackedEXMO reported earlier in the week that several of its hot wallets had been compromised by thieves. This is consistent in the crypto space and it has been reported time and time again that hot wallets do not possess the security and strength of cold...