Blockcap plans to have 50K Bitcoin miners operational by 2023
Executive chair and founder Darin Feinstein said the firm plans to make the U.S. a global leader in making blockchain technology mainstream. Go to Source Powered by WPeMatico
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2021’s Largest Epoch Drop: Bitcoin Network’s Mining Difficulty Dips Over 12%, Hashrate Nears 200 Exahash
Bitcoin’s mining difficulty has seen a massive drop this week, as the metric slid 12.6% and was the largest difficulty drop in 2021. The mining difficulty decline follows the recent electrical outages in China which had affected the network’s hashrate to some degree. Following the difficulty drop, Bitcoin’s hashrate is climbing northbound again nearing the … Read more
Bitmain Cofounder Jihan Wu Says ‘Crypto Industry May Surpass the Internet’
During the Second 421 Wet Season Festival and Mining Ecology Conference the Chairman of the Bitdeer Group and cofounder of Bitmain, Jihan Wu spoke about institutions flocking to cryptocurrency mining. During the event Bitdeer outlined the company’s computing partnerships and its plans to make digital currency mining greener. Bitmain’s Cofounder Jihan Wu Is Optimistic About … Read more
Beijing Is Collecting Data From Local Datacenters Involved in Cryptocurrency Mining Activities
Authorities in Beijing have been conducting checks on cryptocurrency mining datacenters to assess and understand its energy consumption and thus the impact on the electric infrastructure. Although it was reported as a rumor by international media outlets, Chinese state media confirmed it. Authorities Sent an ‘Emergency Note’ to Three Biggest Telecom Operators As first reported … Read more
Experts debate Bitcoin climate footprint in latest Cointelegraph Crypto Duel
In the latest Cointelegraph video debate, experts discuss pathways towards making Bitcoin more sustainable. Go to Source Powered by WPeMatico
Canaan to Sell $93 Million in Next-Generation Bitcoin Miners to Genesis Digital Assets
The ASIC bitcoin mining rig manufacturer and chipmaker, Canaan has announced the company has signed a $93.63 million purchase order with the mining firm Genesis Digital Assets. Genesis will be acquiring Canaan’s A1246 Avalonminer rigs that produce 90 terahash per second (TH/s) and deliveries will be shipping during the second half of 2021. Canaan and … Read more
Beijing investigates crypto mining farms to improve energy efficiency
Bitcoin’s electricity bill has been attracting the attention of regulators worldwide. Go to Source Powered by WPeMatico
Former gov’t official blames crypto mining for energy crisis in Kyrgyzstan
As the Kyrgyz government discusses raising electricity tariffs again, a former official says that crypto mining is a significant driver of the ongoing energy crisis. Go to Source Powered by WPeMatico
Bitmain Reveals New Antminer E9 Ethereum Miner, ASIC Device Commands 3 GH/s Hashrate
The cryptocurrency mining rig and ASIC chipmaker Bitmain revealed a new digital currency mining device that’s dedicated to mining ethereum. While the Ethereum network is slowly transitioning from proof-of-work (PoW) to a proof-of-stake (PoS) system, Bitmain’s new Antminer E9 aims to be one of the fastest ether miners on the open market. Antminer E9 Mining … Read more
The convergence between Tesla, SpaceX, renewable energy and Bitcoin mining
To establish an interplanetary economy, humanity needs a better financial system that decentralized cryptocurrency can offer. Go to Source Powered by WPeMatico