Tag Archives: Mine Bitcoin

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...

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...

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...

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...

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...

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 –...

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...

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....

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...