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According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Iranian economy. Also read: Bitcoin Miner Recounts Struggle to … Read more
Following a moratorium on crypto mining in Iran, Cointelegraph highlights the most popular cryptocurrency mining countries and the challenges they face from regulatory pressures Go to Source Powered by WPeMatico
On June 28, Bitcoin Cash proponent Javier Gonzalez announced the launch of an interesting protocol called the Bitcoin Mining Parliament (BMP). The theory behind BMP is backed by the concept of Nakamoto Consensus where “miners are the executive power of Bitcoin” and “any needed rules and incentives can be enforced with this consensus mechanism.” Also … Read more
Bitcoin is a very unique form of money which is often misunderstood. Especially when it comes to mining cryptocurrencies, there are a fair few misconceptions. In Iran, the mining of cryptocurrency has turned into a political debate. Despite there not being any official law prohibiting this industry, several hundred miners were confiscated this week. A … Read more
Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and has warned that illicit mining facilities will be cut off from the grid. Also Read: … Read more
Plouton says it has chosen california to host a giant bitcoin mining facility Go to Source Powered by WPeMatico
It has been at least a few months since the last condemning report involving Bitcoin mining was published. A new report published in Joule claims the emission of Bitcoin miners is getting out of hand rather quickly. So much even that it allegedly puts out as much CO2 per year as the entire Kansas City … Read more
Bitcoin mining’s energy mix is 74.1% renewable energy, according to cryptocurrency investment products and research firm CoinShares Go to Source Powered by WPeMatico
There’s a lot of debate over whether bitcoin mining is bad for the environment. Many bureaucrats and mainstream media pundits claim that mining is wasteful and bitcoin’s energy consumption cannot be ignored. However, these claims have been refuted in the past and on June 6, Coinshares published a report that details mining is not environmentally … Read more
New initial coin offering and cryptocurrency guidelines have been released by the Australian Securities and Investment Commission Go to Source Powered by WPeMatico
