Tag Archives: Mine Bitcoin

A bitcoin miner is getting a huge reward at the time of writing after beating out his fellow miners to add bitcoin block 780,112 to the blockchain. A Bitcoin Miner Is Getting a Huge Reward At press time, the person in question is receiving a total of $148,000 in BTC. This consists of a 6.25 BTC reward along with an additional fee payment of 0.63 in bitcoin for the work he’s completed. The miner beat the odds in many ways given how many others were working to resolve the...

The state of Missouri is in line to become one of the most crypto-friendly in the Union given it’s just passed a string of regulatory acts designed to protect the rights of bitcoin and crypto miners. Missouri Seeks to Keep Crypto Miners Protected Missouri legislators recently voted to amend what’s known as House Bill 764. Introduced last January, the bill defines the language and descriptions surrounding cryptocurrency miners. It also says that no crypto miner can be...

The federal government is looking to regulate crypto mining in the United States, and Wyoming Senator Cynthia Lummis isn’t happy about that. Cynthia Lummis Wants to Leave Crypto Mining Alone Since entering Congress in early 2021, Lummis (a republican) has widely been labeled as a friend to crypto given she’s invested in bitcoin before. She’s also developed a new bill that would carve out rules and regulations for establishing all future crypto bills in the U.S. in the...

Block – the company formerly known as Square and run by Jack Dorsey of (past) Twitter fame – is looking into building what it’s calling a “mining development kit (MDK). Block Wants to Boost Bitcoin Mining Opportunities The goal is to establish a do-it-yourself bitcoin and crypto mining kit that retailers and individuals can use to extract their own units from the blockchain. Dorsey and his crypto-fanatical cronies are hoping this will help to educate more people about...

Northeast Pennsylvania is the present home of a new bitcoin experiment. Known as Nautilus, the experiment is about to go live online, and it’s hosted by a firm called Terawulf. Nautilus Will Soon Be Online Nautilus is a mining facility. At first glance, this doesn’t sound all that exciting given mining is something all crypto fans are used to hearing about. After all, mining is what gives birth to crypto units like bitcoin. However, what’s unique is that Nautilus is set...

Bitcoin mining firm Vortex Brands has announced a huge plan for expansion that would see its mining power increase significantly over the next several years. Vortex Brands Wants to Do More Mining To do this, Vortex has said it will put more money into its equipment and buy additional rigs. The goal is to up the amount of BTC extracted from the blockchain given the company believes the price of the world’s number one digital asset is sure to rise steadily in the...

A former employee at a high school in Cohasset has been arrested for running a secret crypto mining facility underneath the building that employed him. Nadeam Nahas – age 39 – served as the assistant facilities director at the high school in question, which remains unnamed at the time of writing. Nadeam Nahas Will Have to Explain Himself Initially, Nahas was just set to appear in a Quincy District Court to explain himself and the reasoning behind creating such an...

A fight is brewing between a cryptocurrency mining firm in Niagara Falls, New York and city regulators. The city wants the enterprise shut down, while the facility is working hard to keep its license in play so it can continue its business. The company in question is called Block Fusion, and it’s been working for many years in an old industrial site on Frontier Avenue. Block Fusion Is Engaged in a Crypto Lawsuit New York has not been a kind region to crypto companies....

Bitcoin has been having a very good year in 2023. The currency is up 50 percent since the end of 2022, and it looks like it’s going to be enjoying at least another few solid months in the coming future thanks to leniency from China. China Is Stepping Back Into the Crypto Picture For the most part, China has always been a big player in the bitcoin and crypto communities. The country once accounted for close to three quarters of the world’s bitcoin and crypto mining...

Through a series of letters to federal agencies, those in charge in the United States have stated that they believe they have the authority to force crypto mining firms to produce information about how much energy they use and how many greenhouse emissions they create. Are Mining Companies in Trouble? The United States has become something of a “safe haven” for crypto mining companies in recent years after regions like China have imposed bans on mining activities. There...