mining

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74% of the World’s Bitcoin Mining Operations Driven by Renewable Energy Says Report

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There’s a lot of debate over whether bitcoin mining is bad for the environment. Many bureaucrats and mainstream media pundits claim that mining is wasteful and bitcoin’s energy consumption cannot be ignored. However, these claims have been refuted in the past and on June 6, Coinshares published a report that details mining is not environmentally … Read more

Venezuelan Mining Parts Supplier Coincoin Now Accepts Bitcoin Cash

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Venezuela is among those nations where cryptocurrencies enjoy faster adoption. The South American country suffers from a political and economic crisis causing hyperinflation of the national fiat, the bolivar. Coincoin, a mining equipment supplier based in Caracas, is one of many Venezuelan businesses that have decided to accept cryptocurrencies. Bitcoin cash (BCH) is now among … Read more

Bitcoin Mining With Solar: Less Risky and More Profitable Than Selling to the Grid

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The energy used to mine bitcoin has long caused debate over whether it’s a wasteful process. As the arguments have rumbled on, some people have been focused on mining coins with renewable energy. On May 29, Christian Ander, the founder of Stockholm’s Btcx exchange, explained how instead of selling surplus solar energy, he’s been using … Read more

4 Thoughts on the new All-time High Bitcoin Mining Difficulty

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These are very interesting times for Bitcoin and all other cryptocurrencies on the market. When looking beyond the wild and somewhat entertaining price swings, it seems another statistic is worth paying attention to. The Bitcoin mining difficulty has reached a new all-time high following a major 11.26% increase. An intriguing turn of events which can … Read more