China’s leadership in the Bitcoin mining industry will be challenged
China has a lot of advantages in the Bitcoin mining industry, though it won’t last forever, as more countries are entering the space. Go to Source Powered by WPeMatico
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S9 Resurrection: Higher Bitcoin Prices Allow Miners to Switch Outdated Mining Rigs Back On
With bitcoin prices hovering over a certain handle, a great number of old ASIC mining rigs manufactured years ago are starting to become profitable again. Reports indicate that in China, where the average electricity cost is around $0.06 per kilowatt-hour (kWh), miners are starting to leverage old miners manufactured by Canaan, Bitmain, and others. Chinese … Read more
Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners
Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators. According to one report that quotes an anonymous source, the objective of this meeting is to discuss … Read more
World Economic Forum calls blockchain key to sustainable digital finance
A new WEF report touts blockchain technology as a cornerstone of environmental sustainability. Go to Source Powered by WPeMatico
Bitcoin fees plummet as mempool clears to zero
Reduced mempool activity not only results in reduced fees but gives users a chance to perform transactions that may not otherwise be practical. Go to Source Powered by WPeMatico
Bitcoin miner revenue surges to pre-halving levels
Miners are likely starting to sell some BTC at this point. Go to Source Powered by WPeMatico
Crypto mining is now drawing in the world’s top renewables producers
At what point will greening crypto energy consumption be enough? Go to Source Powered by WPeMatico
Bitfury forms MaaS partnership to upgrade $35M Norway data center
The crypto mining firm’s 42-megawatt data center near Mo i Rana is reportedly already powered by 100% renewable energy. Go to Source Powered by WPeMatico
Layer1 co-founder takes former business partner to court
He claims to have spent millions of his own money, only to be tossed out of the company he co-founded. Go to Source Powered by WPeMatico
The company that coined the term ‘hash rate’ is not concerned about its recent decline
Bitcoin’s hash rate is down on the year, though the price remains largely unaffected. Go to Source Powered by WPeMatico