Driving to the moon? HODLer installs portable mining rig in BMW
“I’m not in crypto to make a fast buck, but I’ll take the bonus,” said Simon Byrne. Go to Source Powered by WPeMatico
Bitcoin Mining
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Is Bitcoin a waste of energy? Pros and cons about Bitcoin mining
Do the benefits brought by Bitcoin and the improvement in our standard of living justify this additional use of energy? Go to Source Powered by WPeMatico
Amid blackouts and police raids, Iran weighs benefits of Bitcoin mining
A country where Bitcoin once looked primed to flourish is now attempting to scapegoat the cryptocurrency. Go to Source Powered by WPeMatico
Montana County to Hold Public Hearings on Zoning Rules for Crypto Miners Amid Growing Complaints
Another U.S. county is facing troubles related to crypto mining activities within its territory. This time, the second-largest county in Montana is the protagonist of the story, who will look forward to revisiting local zoning for mining operators. Authorities to Decide on Making Current Rules Permanent According to KPAX, Missoula County authorities seek to hold … Read more
Alleged ‘ghost’ Bitcoin mining firm traded on Nasdaq faces class action lawsuit
Investors are suing a Bitcoin mining company for allegedly fabricating the existence of BTC mining farms in China, and reportedly misleading the public. Go to Source Powered by WPeMatico
Bitcoin miners facing chip shortage amid skyrocketing demand
Bitcoin miners are scrambling to acquire more mining rigs as the global semiconductor shortage worsens. Go to Source Powered by WPeMatico
Bitcoin’s biggest mining pool may be behind the BTC price drop, but buyers stepped in
This week’s volatility may come down to a tug-of-war between F2Pool selling and Grayscale buying. Go to Source Powered by WPeMatico
Hive Blockchain Buys 6,400 Bitcoin Miners From Canaan, Capacity Reaches 1,229 PH/s
Canadian bitcoin miner Hive Blockchain has bought 6,400 next generation mining machines from Canaan. The Avalonminer 1246 miners will add a combined 576 petahash per second (PH/s) to Hive’s existing hash power. ● With the addition of the new machines, Hive’s total hash rate will increase to an estimated 1,229 PH/s, well beyond the company’s … Read more
Crypto winter: Bitcoiners use mining rigs as heaters as temperatures drop
Bitcoiners have been using the excess heat produced by their mining rigs to stay warm this season. Go to Source Powered by WPeMatico
Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System
While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen Diehl expressed his dissatisfaction over the environmental cost of bitcoin. … Read more