Bitcoin miners seek alternative energy sources to cut costs
The next generation of crypto mining will focus on alternative energy sources for efficiency. Go to Source
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Bitcoin energy value metric puts BTC’s ‘fair value’ at $47K — Analyst
Charles Edwards of Capriole Investments says that despite the current headwinds, Bitcoin’s fair value sits at $45,000. Go to Source
The Agenda podcast chats with Energy Web on how to fight climate change with help of blockchain
Energy Web CEO Jesse Morris explains why blockchain can make “going green” more efficient, how fighting climate change is easier and why they are building on Polkadot. Go to Source Powered by WPeMatico
Tether’s game plan in El Salvador: Why invest in Volcano Energy?
Stablecoin issuer Tether is making a strategic investment in energy production and Bitcoin mining to support El Salvador’s adoption of BTC. Go to Source Powered by WPeMatico
Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector
The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher Expenses, More Challenges Under New Legislation Kazakhstan’s coffers have … Read more
The average person’s wealth will be ‘completely destroyed by inflation,’ says Arthur Hayes
Investing in assets “outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO. Go to Source Powered by WPeMatico
Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023
New Mexico is the cheapest US state to mine Bitcoin in terms of average electricity cost, while Hawaii is the by far the most expensive. Go to Source Powered by WPeMatico
Crypto firm Mawson sells Texas sites for $8.5M ahead of vote on anti-mining bill
A Singapore-based fund manager will purchase Mawson Infrastructure Group’s Texas subsidiary and said it will participate in the state energy grid’s load response program. Go to Source Powered by WPeMatico
Bitcoin mining and increasing energy bills — Sen. Warren vs. Crypto Twitter
“I’ve been ringing the alarm about the risks that Bitcoin poses to our power grids and climate,” said Senator Warren, agreeing with a New York Times article on the matter. Go to Source Powered by WPeMatico
Police in Kosovo Seize Crypto Mining Rigs From Serbs
Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan state. Kosovo Government Cracks Down on Crypto Mining in … Read more