Crypto miner Poolin offers IOU tokens after suspending withdrawals
“Our priority, for the time being, is to resume withdrawals of as many coins/tokens as possible,” said Poolin. Go to Source Powered by WPeMatico
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Bitcoin Mining Expansion Heats Up: Crypto Miner Secures Underground Bunker, Cleanspark Snags Turnkey Mining Site
Bitcoin mining operations continue to truck on through the crypto winter as a number of miners have revealed expansion plans during the last week. Following the acquisition of 10,000 ASIC Antminers, Cleanspark revealed it acquired a turnkey bitcoin mining facility from Mawson Infrastructure. Reports note that Arsenal Digital Holdings acquired an underground data center outside … Read more
While Bitcoin’s Hashrate Grew by 22,900% in 6 Years, Discovering Block Rewards Is Far More Difficult
Over the past 12 months, Bitcoin’s hashrate has increased by 85.77%, while 53,547 blocks were mined and 334,668.75 new bitcoin were minted into circulation. More than two dozen bitcoin mining pools have dedicated hashrate toward the Bitcoin blockchain during the last six years, and while the hashrate is 22,900% higher, the number of bitcoins found … Read more
Bitcoin Mining Threatens America’s Climate Change Efforts, White House Science and Tech Department Says
The Biden administration is concerned about digital currency mining operations affecting climate change, after the U.S. Office of Science and Technology Policy published a report that says politicians should take action against crypto mining. The federal government’s entity recommends the Biden administration should encourage more research about mining’s electricity consumption and codify public policy for … Read more
Crypto miner Poolin pauses BTC and ETH withdrawals, citing ‘liquidity problems’
“We will make a snapshot of the remaining BTC and ETH balances on pool on September 6th to work out the balances,” said Poolin. Go to Source Powered by WPeMatico
The Bitcoin bottom — Are we there yet? Analysts discuss the factors impacting BTC price
$20,000 is becoming the “new” resistance for BTC price even though multiple indicators are screaming “buy.” Analysts share their views on the future of Bitcoin price. Go to Source Powered by WPeMatico
Armenia aims to position itself as a Bitcoin mining hub
The post-Soviet republic took a friendly stance on crypto, but heavily relies on foreign energy. Go to Source Powered by WPeMatico
President of Paraguay Mario Abdo Vetoes Cryptocurrency Bill
The President of Paraguay, Mario Abdo has issued an executive veto on a recently approved cryptocurrency bill. Abdo’s veto decree states cryptocurrency mining is an “energy-intensive” and a low-value-added activity. The bill will now be returned to Congress to be approved again or to be rejected entirely. President of Paraguay Considers Cryptocurrency Mining an Energy … Read more
Bitcoin could become a zero-emission network: Report
Bitcoin mining with flared gas and animal waste gases could help the world’s largest cryptocurrency on a path to becoming a zero-emission money. Go to Source Powered by WPeMatico
Applied Blockchain Changes Name, Enters Purchase Agreement for Land in North Dakota
This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement on August 15 for land in North Dakota. Applied Digital Enters Purchase Agreement on August 15, … Read more