CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity.
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CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity.
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According to the mining firm, it aims to create high-tech jobs for residents and support local businesses with the solar farm.
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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 […]
The post 74% of the World’s Bitcoin Mining Operations Driven by Renewable Energy Says Report appeared first on Bitcoin News.
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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 […]
The post Bitcoin Mining With Solar: Less Risky and More Profitable Than Selling to the Grid appeared first on Bitcoin News.
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The Sacramento Kings are now mining Ethereum, the team announced on Wednesday. They are the first sports team entering the crypto space, and in doing so are introducing crypto to sports fans and offering a local group that supports black communities to buy and sell ether. Also read: Coinbase Founder Launches Cryptocurrency Fueled Charity ‘Givecrypto’ Tech-Savvy […]
The post NBA Team Mines Ethereum appeared first on Bitcoin News.
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