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Tag Archives: Mine Bitcoin

Is Bitcoin Mining Still Considered Steady Work?

Reports of a company known as Core Scientific have emerged in the news as of late. The enterprise is looking to expand its bitcoin mining operations throughout the U.S. While the firm is officially based in Bellevue, Washington, the company has also opened stations in several Midwest and southern states including North Carolina, Kentucky and Georgia, and it doesn’t plan on stopping any time soon.Does Bitcoin Mining Still Hold Sway?The fact that all this is occurring in the United States is...

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Steve Wozniak Pushes Crypto Program Designed to Save Energy

Apple co-founder Steve Wozniak is supporting a new cryptocurrency startup that’s designed to cut greenhouse gas emissions and help save the environment.Steve Wozniak Wants to Save the PlanetOne of the big problems being faced by cryptocurrency miners everywhere is that the extraction process is allegedly boosting carbon gas production and polluting the atmosphere, thereby contributing to climate change. For example, it has been said that mining bitcoin emits as much carbon as the city of Las...

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New Report Sheds Light on Bitcoin Mining Energy Consumption

Since bitcoin first emerged on the scene, many have argued that the process of mining bitcoin and other cryptocurrencies has caused the environment a lot of trouble. Many claim that the mining process requires far too much electricity, and that the energy being wasted on such frivolous operations is contributing to climate change and other environmental hazards.Does Bitcoin Mining Use a Lot of Energy? Well, It’s Complicated…In the past, many studies have been produced on this. It is often...

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Despite the Harsh Economy, Bitcoin Miners Are Doing Rather Well

Here’s an interesting notion. On paper, bitcoin and crypto miners have appeared to be suffering as of late. The industry has fallen into a pit of blackness following the spread of the coronavirus pandemic as it is not considered a “necessary” field the same way restaurants and grocery chains are.Bitcoin Miners Earned a Lot of Money Last MonthAnd yet in August, according to a new report, bitcoin and cryptocurrency miners have allegedly made well over $300 million. Despite the pandemic, despite...

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Bitcoin Mining Firm Layer1 Is Selling Its Excess Electric Power

The coronavirus pandemic has proven rather devastating to the bitcoin mining community. Many have had to shut themselves down given that they are not considered essential businesses. However, some of these companies – like Layer1 – are finding new ways to make a profit while the virus continues to meander across the globe, and these ways are proving to be quite innovative.Layer1 Is Staying Innovative – and ProfitableSeveral cryptocurrency mining firms – such as Digital Farms in California –...

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Barry Silbert Looks to Bring Chinese BTC Mining Business Back to the U.S.

Barry Silbert – crypto entrepreneur and the leader of the Digital Currency Group (DCG) – has announced that he is looking to remove some of the heavy bitcoin business that’s been going on in China and move it back to the United States. How will he do this? Through a company he’s created called Foundry, via which he will invest roughly $100 million into mining operations situated throughout North America.Barry Silbert: Now Is the Time for the U.S. to ShineThe fact that China has become so...

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Could China Perform an Attack on Bitcoin?

The fact that China has become such a big “bitcoin nation” over the past several years is worrying to some. They are concerned that the country could potentially take over the space, which would ultimately mean the end of bitcoin and crypto as we know it.Is China Getting Too Powerful in the BTC Space?As it stands, China controls much of the global mining power. That means that most mining operations in the world either make their home in China or are powered by Chinese businesses or firms....

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China Penalizes More Than 20 Mining Firms

The Inner Mongolia region of China is a prime hotspot for bitcoin miners. The energy is cheap and plentiful, so if you’re looking to potentially be part of the extraction process for new coins, this is probably the place to do it in.China Takes Quick ActionHowever, if you show up to do business within this region, make sure you don’t lie on your application form, and always be clear about who you are and what you’re looking to accomplish. Approximately 21 mining farms – including those of...

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Riot Blockchain to Purchase More than $17 Million in New Mining Equipment

Riot Blockchain has announced that it has signed a $17.7 million purchase with China’s Bitmain – the largest and most dominant crypto mining firm in the world – and that it will buy more than 8,000 next generation Antminer machines to extract new coins.Riot Blockchain Is Expanding Its HorizonsAccording to the terms of the purchase, Bitmain will deliver approximately 2,000 machines per month to Riot Blockchain beginning in January of next year and ending four months later in April. Riot is a...

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Is China Beating the U.S. When It Comes to Crypto Mining?

According to a new op-ed by Chris Larsen – the co-founder and executive chair of Ripple – the United States is losing the tech war against China and other nations.Chris Larsen: China Holds a Strong PositionRipple is presently the fourth-largest cryptocurrency by market cap after bitcoin, Ethereum and Tether. According to Larsen, nations such as China are way ahead when it comes to cryptocurrencies and are potentially putting lots of money into ensuring miners have everything they need to stay...

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