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Tag Archives: Mine Bitcoin

Two Siblings Have Seen Their Crypto Mining Business Grow to Unprecedented Levels

Not long ago, Live Bitcoin News discussed two siblings – 14-year-old Ishaan Thakur and his nine-year-old sister Aanya – and how they began their own cryptocurrency mining business. They started out earning only about three dollars on a single day, but eventually, things rose to such prominence that they began earning $30,000 per month and even established their own cryptocurrency. Two Siblings Started a Mining Business That Continues to Expand Today, since opening their...

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Rockdale, TX Is Causing a Fight Between BTC Miners

The town of Rockdale, Texas is small and doesn’t have much of a population. It may not seem like the city has much to offer, but for bitcoin miners, the amount of open space combined with low energy costs is a dream come true, and two big companies – Bit Deer and Riot Blockchain – are duking it out for dominance over the area. Rockdale Is the Envy of Major BTC Miners Both companies are within proximity of each other. In fact, Bit Deer – a division of Bitmain, arguably...

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Future FinTech Picks Paraguay to Host Its New Crypto Mining Site

Blockchain and e-commerce firm Future FinTech Group Inc. is looking to build a new crypto mining farm in the South American nation of Paraguay. Future FinTech Brings Crypto Mining to South America The country’s minister of social development and the mayor of the city of Coronel Oviedo announced that they’ve had discussions with many of the firm’s executives regarding the development of its plans and the proposed site. In addition, the former deputy minister of national...

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Jack Dorsey and Square Are Looking to Simplify the Crypto Mining Sector

Jack Dorsey – the CEO of both social media giant Twitter and payments company Square – says that his latter company is looking into potentially creating a simplified mining rig that he believes will help the industry get stronger. Dorsey and Square Tackle Crypto Mining In a tweet last week, Dorsey explained: Square is considering building a bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. If we do this, we’d follow...

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The US Bests China as the World’s Biggest BTC Miner

Up to this point in time, China has always been the dominant country when it comes to mining bitcoin. Sadly, the region has done all it can to eliminate its standing in the industry, and now it looks like another nation – the United States – has opened itself up to become the world’s primary leader in the world of bitcoin mining. China Has Been Outdone By the U.S. China was – at one point – home to about 65 to 75 percent of the world’s crypto mining projects. It also is...

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New York and Texas Are Competing for New Crypto Miners

There are still many miners having to leave China after the country declared bitcoin illegal. It looks like New York and Texas are now competing as they work to bring many of these miners to their turf. New York and Texas Go Head to Head In addition to New York and Texas, Kentucky and Georgia are also attracting their fair share of new miners. These regions are known for offering very inexpensive electricity in certain areas, and those looking to extract new coins are...

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Two Texas Siblings Seek to Create Their Own Crypto Token

Not long ago, Live Bitcoin News produced an article about a pair of siblings living in Texas that had created their own successful mining business. Ishaan and Aanya Thakur – 13 (now 14) years of age and nine years of age, respectively – had studied mining videos on YouTube and converted old equipment to extract Ethereum and other forms of crypto from the blockchain. Texas Siblings Take Their Love of Crypto to the Furthest Reaches Now, these siblings are looking to take...

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San Jose Joins Hands with Helium for New Crypto Mining Venture

The city of San Jose, California has a new plan in place that is set to benefit crypto miners and lower income families within the area. The plan is that these families will qualify for free internet services for approximately one year while city officials join hands with a blockchain company to mine Helium. San Jose Is Making a Name for Itself in the Crypto Space The California Emerging Technology Fund (CETF) will purchase approximately 20 separate hotspots from the...

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El Salvador Is Using Volcanoes to Mine BTC

El Salvador is now using energy from nearby volcanoes to mine bitcoin. El Salvador Is Putting Local Volcanoes to Good Use President Nayib Bukele announced late last week that his country had minted what he called the first volcano-powered bitcoin unit. He also posted a video of bitcoin rigs being set up at a geothermal crypto mining operation stationed in a forest which happened to be near a volcano. Thus far, El Salvador has only managed to extract roughly $280 in BTC...

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Hatten Land Partners with Frontier to Run Green Crypto Mining Rigs

Hatten Land Ltd in Singapore has joined hands with Frontier Digital Asset Management Pte Ltd. The companies will now work together to manage more than 1,000 crypto mining rigs operating within Hatten Group properties based in Malaysia. Hatten Land Is Revamping Its Mining Projects Beginning in the fourth quarter of 2021, Hatten says that several new digital currency mining rigs will be installed between the two companies. Frontier also operates approximately 700 separate...

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