Bookmarking Crypto Insights
Auto Added by WPeMatico
Exxon Mobil Corporation is reportedly participating in a pilot program that leverages excess natural gas to power crypto mining machines, according to a recent report quoting people familiar with the matter. The report states that the oil giant is partnered with the firm Crusoe Energy Systems, and the pilot is purportedly taking place in North … Read more
The oil and gas giant launched the pilot program in January 2021 and is now reportedly considering expanding it to Nigeria, Argentina, Guyana, and Germany. Go to Source Powered by WPeMatico
In a bid to make crypto mining more environmentally friendly, Stronghold Digital Mining is turning harmful waste from coal mining into clean energy to power Bitcoin miners. Go to Source Powered by WPeMatico
Texas representative Pete Sessions made a simple yet powerful statement that the proliferation of the Bitcoin mining industry could promote energy independence in the country. Go to Source Powered by WPeMatico
A win in the European Parliament, but will mining rules have to change? “Eventually, only PoS will be adopted by blockchain applications.” Go to Source Powered by WPeMatico
Five days ago, Bitcoin’s hashrate had shown improvement as it increased 15% over the course of ten days and today, the computational power remains above the 200 exahash per second (EH/s) region. Meanwhile, bitcoin miners caught another break on Thursday, as the network’s mining difficulty adjusted downward for the second time in a row, making … Read more
Can Bitcoin mining be part of the solution for greenhouse emissions rather than part of the problem? Go to Source Powered by WPeMatico
According to a series of mining metrics, not only are miners holding hard, but they’re also dramatically increasing their hash rate. Go to Source Powered by WPeMatico
The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a U.S. Securities and Exchange Commission (SEC) filing that the move was due to issues with “recent international frictions” and “domestic quarantine measures for Covid-19 control.” … Read more
The financial results weren’t all positive, however, as the Bitcoin miner posted a surprise loss in the fourth quarter. Go to Source Powered by WPeMatico