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A clean energy expert has argued that the conversation around BTC mining and energy consumption is “oversimplified”: energy sources, not consumption, is what matters Go to Source Powered by WPeMatico
At press time, bitcoin is trading for just over $6,400. This is about $50 higher than where it stood yesterday. It’s easy to jump into the fray and assume that maybe, just maybe the market is improving once again, but we’ve seen this too many times to enter this conclusion so suddenly. Sadly, bitcoin – … Read more
Nvidia stocks fell following the announcement of lower-than-expected Q3 revenue, due in part to a decrease in cryptocurrency mining Go to Source Powered by WPeMatico
Vietnamese businesses and individuals have stopped importing bitcoin mining equipment into the country since the beginning of July, according to the Ho Chi Minh City Customs Department. This follows the government’s efforts to pass a law banning the import of bitcoin mining rigs into Vietnam. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Mining … Read more
Bitcoin mining firm Bitmain is now valued at $15 billion after closing a pre-IPO funding round with backing from tech giants Tencent and Softbank Go to Source Powered by WPeMatico
Cryptocurrency mining has gotten a bad reputation over the years. Experts and analysts often point to the vast electricity usage associated with this business. To counter those concerns, DMG Blockchain is now building its own electrical substation. It’s a very remarkable decision that could usher in a new era of Bitcoin mining. Another Smart Move … Read more
Cryptocurrency mining has always attracted controversy. This is primarily because so many people only see the negative side in terms of electricity usage. China is slowly ending all ‘unofficial’ domestic Bitcoin mining operations, and the territory of Xinjiang Uyghur is the latest to be affected. Removing Illegal Bitcoin Mining Firms From China It is evident … Read more
Chinese bitcoin mining giant Bitmain has revealed the total hashrate of all its cryptocurrency mining hardware. This was done as part of a larger push towards greater business transparency by the company ahead of its rumored massive IPO. Also Read: The Daily: Exchange Operator Pleads Guilty, Scammer Fined Over $1.9 Million Bitmain Transparency Policy Bitmain … Read more
Global semiconductor manufacturer TSMC has agained lowered its annual revenue forecast due to slowing demand from cryptocurrency miners Go to Source Powered by WPeMatico
BitFury partner Hut 8 diversifies Bitcoin mining competition with capacity upgrade Go to Source Powered by WPeMatico