Bitcoin Mining – Page 38

Gas-to-Bitcoin Firm Crusoe Energy Sues Rival Alkane Midstream Over Patent Infringement

The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy is suing the rival firm Alkane Midstream LLC over alleged patent infringement and poaching customers in Colorado. Crusoe’s lawsuit claims since November 2019, “Alkane was actively monitoring Crusoe and its business.” Crypto Flare Mitigation Company Crusoe Files a Lawsuit Against the Texas-Based Alkane Midstream Gas-to-bitcoin flare mitigation company […]

Go to Source

9,404 Crypto Mining Devices Seized by Iranian Authorities Since March

Iranian Authorities Seize 9,404 Illegal Crypto Mining Devices Since March

Iranian authorities have seized nearly 10,000 illegal cryptocurrency mining devices since March. According to reports, many of the seized crypto mining rigs were operating in public locations that receive free or heavily-subsidized electricity, such as schools and mosques. Iran Confiscates Nearly 10K Crypto Mining Devices Kambiz Nazerian, head of Tehran Electricity Distribution Company, said Monday […]

Go to Source

Crypto mining can benefit Texas energy industry: Comptroller’s office

Given the unique positioning of the crypto mining market, Texas officials believe miners can participate in demand response programs — which involve turning off miners’ power during peak demand.

Go to Source

Bitcoin mining to cost less than 0.5% of global energy if BTC hits $2M: Arcane

Bitcoin may be a significant energy consumer in 2040, but only if its price reaches several million dollars, according to new estimates by Arcane Research.

Go to Source

Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits

This bear market is proving to be especially tough for Bitcoin miners, but Canaan senior vice president Edward Lu says the industry is “evolving toward a positive long term.”

Go to Source

Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1

Bitcoin’s value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bitcoin miners capitulated over the last two weeks, selling 5,925 bitcoin worth millions, according to cryptoquant.com data. More Than 6,100 Bitcoin […]

Go to Source

US lawmakers appeal directly to 4 mining firms, requesting info on energy consumption

Four members of the U.S. House Committee on Energy and Commerce said they were “deeply concerned” that Proof-of-Work mining could increase demand for fossil fuels.

Go to Source

Bitcoin’s Mining Difficulty Rises for the Second Time in a Row — It’s Now 0.63% Harder to Find a BTC Block

On August 18, 2022, Bitcoin’s mining difficulty increased again after the 1.74% rise two weeks ago on August 4. At block height 749,952 at 7:07 a.m. (EST) the network’s mining difficulty rose by 0.63% from 28.17 trillion to 28.35 trillion Thursday morning. Bitcoin Network Records Second Consecutive Difficulty Increase Since August 4 Finding a bitcoin […]

Go to Source

Chinese mining giant Canaan doubles profits despite the blanket crypto ban

The Chinese crypto miner maker Canaan has been expanding its mining business, accumulating a total of 346.84 BTC by the end of June.

Go to Source

‘There’s a lot less land to go around’ — why White Rock established off-the-grid mining in Texas

“The U.S. is where the action is in terms of markets, so we plan to be in at least another couple of states as well as Texas with some diversified offering,” said CEO Andy Long.

Go to Source