Tag Archives: Mining

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Between his shady infrastructure bill, attempting to shut the crypto industry out of traditional or standard financial products, and now a 30 percent tax proposal on all crypto mining operations, Joe Biden is arguably turning out to be the most anti-crypto “leader” in the history of the U.S. Biden + Crypto =...

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...

The Congo in Africa has set up its first official bitcoin mining facility. The clincher? It runs entirely on clean energy and seeks to avoid the often atmosphere-polluting methods utilized by former and present enterprises. Mining in the Congo Has Become Possible The mining company has been set up in what’s known as Virunga National Park, which is often used to house endangered mountain gorillas. While these great apes are indeed still prominent in the area, it appears...

Another crypto mining firm is in trouble. This time, the alleged victim is Greenidge Generation (GREE), which has hinted that it could file bankruptcy in the coming weeks if its present deal with NYDIG doesn’t work out. Greenidge Generation Could Be the Next to Go The company is struggling to restructure its nearly $75 million debt. By doing this, the company could avoid a long bankruptcy line that initially began last summer with firms like Celsius, though Greenidge is...

It would appear several crypto mining companies out there continue to either purchase or inherit machines – even though profits in the industry seem to be dying either due to falling crypto prices or growing energy prices. Thus, while the industry is ailing at press time, it’s not giving up completely. Crypto Mining Isn’t Giving Up Not long ago, Clean Spark – a crypto mining firm that runs on renewable energy – bought as many as 3,843 crypto mining machines. The announcement was made on...

The crypto mining sector is falling apart, and miners are being hit from all angles at the time of writing. Crypto Mining Is Beginning to Crash and Burn To be fair, the prices of many mainstream digital assets – such as bitcoin, the world’s number one digital currency by market cap – have remained relatively still over the past few weeks. While things are nowhere near as solid as they were a year ago, volatility has remained relatively low in the autumn and winter months compared to where...

The crypto mining scene has been in a terrible state of disarray over the past few months, but there appears to be an answer in a platform called Maple Finance. Maple Finance Is Trying to Aid the Mining Community The digital currency mining scene has been falling into the doldrums as of late. With assets like bitcoin losing more than 70 percent of their values since hitting new all-time highs last November, it seems it’s becoming much more expensive to mine crypto, and...

JKL Group is establishing a new $50 million crypto mining business. The money is set to come from institutions like family offices, individual investors, and HNWI. JKL Group Is Entering the Crypto Mining Arena As an APAC, JKL Group is now being billed as the first company of its kind to step into the digital currency mining arena and establish such an enterprise. The company says it has seen a “growing interest” in bitcoin from its many clients, and the firm is now...

The European Union (EU) is working on a new program that will label the type of energy utilized for bitcoin mining projects. The program is set to determine the level of efficiency behind the module utilized by a specific project. In other words, we’ll know if it is proof of work (PoW), proof of stake (PoS), or something else entirely. Crypto Mining Will Be Labeled in the EU The goal is to ensure that electricity is not wasted and put to the best use possible. This has...

There’s some good news about bitcoin mining in the sense that recent reports suggest the process is utilizing far less energy than it has in the past. However, it appears the numbers have only gone down somewhat, and the world of crypto mining is still wreaking havoc on energy supplies everywhere. Mining Is Coming to a Standstill It has widely been reported that bitcoin and crypto mining uses more energy than some developing nations, and the incoming reports still...