Nasdaq will list Valkyrie’s ETF linked to Bitcoin mining firms on Feb. 8
At least 80% of the investment’s net assets are through securities that “derive at least 50% of their revenue or profits” from Bitcoin mining. Go to Source Powered by WPeMatico
Bitcoin Mining
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The Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production
Over the last 30 days, Bitcoin’s hashrate has been coasting along at the highest levels ever recorded during the network’s lifetime. Bitcoin’s price improved recently but it is still down 38% from the crypto asset’s high, making bitcoin less profitable to mine. However, bitcoin mining is still profitable, in contrast to ten years ago, when … Read more
US Senator Ted Cruz Bought the Bitcoin Dip, Discloses BTC Purchase Worth up to $50K
U.S. Senator Ted Cruz has declared his bitcoin purchase worth up to $50,000. “I’m also particularly proud that my home state, Texas, is becoming an oasis for the blockchain community, for bitcoin miners, for innovators and entrepreneurs in the crypto world,” said the senator. Senator Ted Cruz Declares Bitcoin Purchase U.S. Senator Ted Cruz has … Read more
A Mining Rig That Boasts 440 TH/s? Miners Question the Legitimacy of New Bitcoin Mining Device
The cryptocurrency community has been discussing a newly announced bitcoin miner called the Numiner NM440 that claims to produce speeds of up to 440 terahash per second (TH/s). Furthermore, a publicly-listed company called Sphere 3D has detailed that it purchased 60,000 Numiner NM440 mining rigs and aims to deploy 32 exahash per second (EH/s) of … Read more
Profitability makes crypto mining more expensive in Argentina
The government says that mining “presents challenges to the infrastructure of the concession area to which they are connected.” Go to Source Powered by WPeMatico
Crypto miner in Texas shuts down 99% of operations as winter storm approaches
“We are taking proactive measures to shut down operations, shed load, and create additional capacity in response to ERCOT’s needs should it be necessary,” said the Texas Blockchain Council on behalf of mining firms. Go to Source Powered by WPeMatico
Bitcoin Mining Report Shows Network’s Emissions Account for 0.08% of the World’s CO2
During the last year, Bitcoin — the cryptocurrency network that leverages proof-of-work (PoW) to process transactions and secure the protocol — has received a lot of criticism about its environmental impact. This week, the cryptocurrency firm Coinshares published a report that shows talking points condemning the network’s electrical consumption have been greatly exaggerated. According to … Read more
Russian region struggles to keep up with Bitcoin mining energy demands
A local energy distributor is working to recover about $800,000 from illicit cryptocurrency miners in Irkutsk Oblast. Go to Source Powered by WPeMatico
New York gubernatorial candidate calls for moratorium on proof-of-work mining
Politicians and activists have often targeted crypto mining operations around Seneca Lake due to the presence of Greenidge Generation’s plant. Go to Source Powered by WPeMatico
Russia houses $200B worth of crypto, Kremlin estimates
According to data from TASS news services, Russians owned nearly 5 trillion rubles worth of cryptocurrencies by December 2021. Go to Source Powered by WPeMatico