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
Bitcoin Mining
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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
US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate Crisis
Eight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. “The extraordinarily high energy usage and carbon emissions associated with bitcoin mining could undermine our hard work to tackle the climate crisis — not to mention the harmful impacts cryptomining has on … Read more
Fossils vs. Renewables, PoW vs. PoS: Key policy issues around crypto mining in the U.S.
A recent meetup on the Capitol Hill highlighted several key debates that will define the mining industry’s development in the years to come. Go to Source Powered by WPeMatico
Bitcoin miners believe global hash rate to grow ‘aggressively’
Despite the price of BTC, the Bitcoin network is the strongest it’s ever been, according to industry experts. Go to Source Powered by WPeMatico
Valkyrie Files for ETF That Invests in Firms That Derive 50% Revenue From Bitcoin Mining Industry
The digital currency asset manager Valkyrie has applied for an exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The fund plans invest at least 80% of its net assets into firms that derive at least 50% of their revenue from the bitcoin mining industry. Valkyrie’s Proposed ETF Targets the Bitcoin Mining Industry … Read more