Chinese hydropower plants on sale as crypto miners move abroad
Advertisements for small-scale hydro plants have reportedly surged on Chinese secondhand e-commerce platforms. Go to Source Powered by WPeMatico
Bitcoin Mining
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Key Bitcoin price indicator flashes its ‘fifth buy signal in BTC history’
The Puell Multiple just flashed a buy signal for the fifth time in BTC’s history, but its creator cautions that a plunging hashrate and China’s miner purge are important factors to consider. Go to Source Powered by WPeMatico
Crypto miner Hut 8 plans to hold 5K Bitcoin by 2022
Hut 8 CEO Jaime Leverton said the firm was on track to mine up to 3 additional BTC per day by the end of August. Go to Source Powered by WPeMatico
Iranian trade ministry issues 30 crypto mining licenses
Tehran province, which houses the country’s capital, was awarded only one license for operating a crypto mining center. Go to Source Powered by WPeMatico
Bitcoin’s Hashrate Recoups Some Loss, 2021’s Largest Mining Difficulty Drop Expected Next Week
On Saturday, Bitcoin’s SHA256 hashrate managed to climb back above the 100 exahash per second region after it slid to a low of 91 EH/s three days ago. Meanwhile, in five days the network’s mining difficulty change is approaching and it could see the difficulty drop over 20%. Bitcoin Hashrate Climbs Back Above 100 EH/s, … Read more
Crypto in Canada: Where are we today, and where are we heading?
An exploration into the country’s crypto landscape today and what it means for the future of the digital asset industry in Canada. Go to Source Powered by WPeMatico
Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices
While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries. Official Crypto Mining Rig Dealers Are Either Sold-out or Suspending Deliveries, Second-Markets Explode With Mining Products … Read more
Winklevoss’ Gemini buys carbon credits to cut Bitcoin’s CO2 footprint
Gemini has partnered with a non-profit to purchase carbon permits from government-related cap-and-trade markets and erase them from circulation. Go to Source Powered by WPeMatico
Chinese Bitcoin miners ‘not even in the mood to drink anymore’
Many Bitcoin miners in China are down with the blues as Beijing forces several operations to go offline. Go to Source Powered by WPeMatico
Waste Coal-Converting Bitcoin Miner Stronghold Digital Mining Raises $100 Million
On Tuesday, Stronghold Digital Mining, Inc., an ESG-friendly cryptocurrency miner announced it has raised $105 million in two private equity securities funding rounds. Stronghold’s operations convert waste coal into alternative energy in order to mine bitcoin and other cryptocurrencies. ESG-Friendly Crypto Miner Turns Coal Waste to Bitcoin, Operation Raises $100M While many have been focused … Read more