According to reports, Russia’s Bitcoin mining in 2023 brought 54,000 new Bitcoin (BTC) into circulation, generating a tax revenue of $556 million for the government. The country is expected to…
Browsing: Bitcoin Mining
China and Russia are exploring the use of stablecoin to expand their crypto exposure and complement their CBDCs to establish an autonomous financial system to operate outside the sanctions. The…
Paraguay has now confiscated a total of 10,000 Bitcoin mining machines in 2024, cracking down on illegal mining operations in the country. The recent raid and multiple investigations have revealed…
Bitcoin Policy UK advocates the use of Bitcoin mining to support sustainable networks. A recent report highlights the potential of bitcoin mining to provide a robust solution. Bitcoin Policy UK,…
Northern Data AG is planning a $16 billion U.S. IPO to expand its AI cloud and data center units, aiming to capitalize on the growing demand for digital infrastructure. The…
Deutsche Telekom announces plans to fully delve into Bitcoin mining. partnership with Polygon positions Deutsche Telekom as a validator on the PoS network. Significantly for the cryptocurrency space, German telecom…
Spot Bitcoin Exchange Traded Funds (ETFs) in the US have reportedly acquired approximately 25,729 Bitcoin in the week ending June 7. This amount matches two months of crypto mining supply…
Daniel Batten, a Bitcoin environmental impact analyst stated that despite widely spread news, Bitcoin mining was only temporarily suspended in China. China’s mining activities have contributed to 15% of the…
Bitcoin miners in the U.S. spent $2.7 billion on electricity in the early months of 2024. Post-halving in April, the energy required to mine one Bitcoin increased by two times.…
Kane Ellis used early Bitcoin mining to finance his business endeavors, which resulted in the successful release of the CarSwap app, which enables users to trade cars. Kane highlights the…
Bitcoin price is in rebound mode after slightly impressive US Inflation – CPI data. Impact of general market trend and Bitcoin halving on miners explored by analysts. The selling pressure…
Amidst discussions about banning Bitcoin mining in Paraguay, one Senator has praised the industry as a “gift from heaven” to the economy. Bitcoin mining is a passive method of earning…
Block has announced an advancement in its mining technology, with the completion of a 3nm mining chip that can power the Bitcoin (BTC) mining process. The finalization of the 3…
Norway’s new law regulates crypto mining due to environmental worries, aiming to align with global climate goals. The law targets data centers facilitating mining, reflecting Norway’s commitment to responsible digitalization.…
Virunga’s Bitcoin mine aligns financial stability with environmental conservation, generating significant monthly income. The project champions renewable energy and community empowerment, showcasing a sustainable model for conservation areas. In the…
Ethiopia gears up to kickstart its $250 million data mining project. Following the approval of mining activities, Ethiopia is spearheading Bitcoin mining on a continental scale. The Ethiopian government is…
Publicly traded Bitcoin miners recorded an uptick in their stock prices on Monday as positive market sentiment spread to the crypto market, with Bitdeer leading the pack. Cipher Mining, Riot…
Bitcoin miners offloaded approximately 10,600 Bitcoins (BTC) in the last 24 hours, valued at around $455.8 million. Brokerage firm Bernstein suggests that the recent downturn in Bitcoin mining stocks presents…
Indonesia has broken the operations of illegal Bitcoin miners with 1,314 rigs. Bitcoin mining efforts is tightening amongst key players in the industry. In a move against the growth of…
The latest report discloses that Bitcoin consumes more water than New York City as 591 billion gallons are expected to be exceeded this year. In 2021, 1,600 billion litres of…