Argentinian presidential hopeful wants to use natural gas from an oil field to mine Bitcoin, a proposal that has sparked a heated debate among the crypto community. While some welcome…
Browsing: Bitcoin Mining
Marathon Digital aims to raise $750 million for Bitcoin mining expansion after Bitcoin’s 2023 price surge. The company’s stock has gained 164% this year but is still trading below its…
BRICS has expanded from 5 member states to 11 with the new members strengthening the bloc’s security in global energy influence. It is estimated that the bloc will cover nearly…
Recent analysis shows Bitcoin surpasses Elon Musk’s threshold for Tesla to consider Bitcoin payments, with over 50% of energy miners use now sustainable. Miners relocating from China and renewable energy…
Iris Energy announces plans to enhance hash rate capacity to 9.1 EH/s by early 2024. The company is constructing 80MW of data center space as part of its expansion efforts.…
Iceland, despite its population sitting at 370,000, has become the country with the largest hash rate producer per capita. However, Iceland’s electricity is getting scarce and miners are raising concerns. …
The first nuclear mining center to hit the United States has successfully been completed in Pennsylvania. The center will carry out many Bitcoin activities and cloud computing activities once operations…
Core Scientific to shut down 37,000 mining rigs it hosted for Celsius effective Jan. 3. The two bankrupt firms have been in a legal battle for breach of contract since…
Argo has been exploring ways to continue its operation, reduce its rising debts, and continue having access to the power grid in Texas. The troubled miner sounded the alarm about…
Fourteen days ago, the average Bitcoin hashrate was about 237 EH/s. As of December 24, the hashrate fell to 156 EH/s according to BTC.com. A harsh winter storm in the…
TEPCO Power Grid has decided to capitalize on its excess power to mine Bitcoin across the country. According to the report, monetizing its excess power with Bitcoin mining through its…
While Bitcoin mining difficulty is slated to continue rising until the last block is discovered, over 100 years to come, miners’ effect will remain significant in the BTC ecosystem. The…
Top Asian intergovernmental blockchain expert commends VeChain blockchain’s green initiatives. Other bullish announcements in the VeChain ecosystem have failed to show an immediate impact on the price of VET. VeChain…
Greenpeace slams Bitcoin for its high energy consumption rate. Bitcoin advocate, Michael Saylor, defends Bitcoin’s energy use. After the success of the Ethereum Merge, nonprofit environmental protection firm, Greenpeace, has…
The method by which Bitcoin transactions are digitally verified on the Bitcoin network and added to the blockchain record is known as mining. New bitcoins are generated by the process…
Considering the high energy usage and carbon footprint of Proof-of-Work, the U.S. government is considering banning it. The White House report also states that excess consumption by Bitcoin miners could…
According to the research, the role Bitcoin transaction fee plays in energy consumption is currently minimal but could be huge in the future. The report estimates that Bitcoin may consume…
Bitcoin’s use of sustainable energy has been growing consistently every passing quarter. Michael Saylor said that Bitcoin detractors have been giving inaccurate predictions of BTC’s energy use. As the energy…
Three key metrics indicate that the Bitcoin price crash isn’t over yet. Many HODLers still hope for a BTC rebound in the near time. Many investors feared the worst when…
NYC Gov. Kathy Hochul said that she will take a fair approach while deciding on the Bitcoin mining proposal. NYC Mayor Eric Adams said that the ban will serve as…