This Singapore tech company says its recycling 90% of waste heat from Bitcoin mining
The green Bitcoin mining operator is also en-route to list on the NASDAQ exchange via a SPAC merger. Go to Source Powered by WPeMatico
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While BTC’s Hashrate Climbs Higher, Bitcoin’s Mining Difficulty Nears All-Time High
During the last 90 days, Bitcoin’s hashrate has been climbing higher and has been slowly nearing the all-time high (ATH) the network captured six months ago in May. The accelerated hashrate has caused the network difficulty to rise, as Bitcoin’s mining difficulty has adjusted upward nine times in a row to date and it’s closing … Read more
Bitcoin bulls in City Hall: Meet America’s crypto mayors
A wave of political goodwill and support for Bitcoin is building up. Is this just hype, or will there be long-lasting support for crypto? Go to Source Powered by WPeMatico
Foundry USA becomes second-largest Bitcoin mining pool amid China ban
New York-based Foundry USA contributed to a 15.42% share of the network hash rate and is just 4,000 PH/s behind AntPool. Go to Source Powered by WPeMatico
‘We are the number two crypto miner in the world, and we see practically no financial return,’ says Kazakhstan President Tokayev
In addition to calling for greater regulation in the cryptocurrency industry, President Tokayez contemplated the introduction of a digital Kazakhstani tenge. Go to Source Powered by WPeMatico
Norway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining
The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a European ban on proof-of-work mining. The European Commission has revealed it is already working to promote a transition to “more sustainable” protocols. Extensive Use of Renewable Energy for Mining Is … Read more
Crypto miner PrimeBlock reportedly plans to go public through 10X Capital merger
The merger could result in a valuation of the two firms at roughly $1.5 billion following a $150 million fundraising round from 10X Capital Venture. Go to Source Powered by WPeMatico
Nvidia’s Q3 report reveals sharp decline in crypto mining chip sales
Nvidia’s crypto mining product line sales are expected to decline to “very negligible” in the fourth quarter. Go to Source Powered by WPeMatico
Bitcoin Hashrate Nears All-Time High Captured in May — BTC Mining Rigs Produced in 2016 Still Profitable
While bitcoin’s value has remained well above the $60K range, the network’s hashrate has surged to over 184 exahash per second (EH/s) as mining devices are far more profitable at these prices. The price has made it so that older generation mining devices manufactured over four years ago, with processing power of more than 8 … Read more
Crypto mining stocks dip as SEC issues subpoena for Marathon Digital mining facility
Share prices of Marathon Digital stock dropped, as did those from major crypto mining firms including Riot Blockchain, Bitfarms, Bit Digital, and Hut 8. Go to Source Powered by WPeMatico