Bitcoin mining

Bitcoin was moving sideways in the last 24 hours. The topmost cryptocurrency saw volatility but rejected it as the US inflation data. Bitcoin, as per data from CoinMarketCap, was trading at $16,840 up by 0.06%. Analysts say the impact of…
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New York Governor Kathy Hochul has banned Bitcoin mining operations that run on carbon-based power sources. Companies for the next two years will not be allowed to expand or renew permits unless they turn to 100% renewable energy. Hochul…
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DA Davison, a Wall Street investment bank, has downgraded Core Scientific (CORZ) and Argo Blockchain (ARBK) from buy to neutral. Chris Brendler, an analyst, highlighted that crypto winter continues to weigh heavily on the profitability of…
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Fred Thiel, Marathon CEO, highlighted that the equity markets aren’t getting any looser, the debt markets aren’t getting any cheaper, and the deals miners are doing for financing are pretty expensive. He said it’s wise for Bitcoin mining…
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Over the past few years, nuclear energy and natural gas have emerged as the fastest-growing energy sources for Bitcoin mining. The Cambridge Centre for Alternative Finance (CCAF) report revealed that fossil fuels like coal and natural gas…
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Bitcoin enthusiast Michael Saylor has lashed out against “misinformation and propaganda” about the environmental impacts of proof-of-work (PoW) BTC mining. He countered the notion about PoW BTC mining isn’t energy efficient with it being…
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Bitcoin miners across Texas are suspending operations as a severe heat wave is expected to push the electricity grid to its limits. Authorities said more than 1,000 megawatts worth of power allocated for crypto mining is being redirected…
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The government of Sweden gas shown concern regarding the increase in demand for electricity, that has been projected. This is why the government may be considering turning its back, when it comes to mining cryptocurrency. This is according…
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Bitcoin and cryptocurrency have been wildly popular in Asia and Latin America, but in its latest endeavor, it has enticed the people of Africa too. With Kenya's numerous NGOs accepting crypto to stay afloat during the pandemic there will…
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The renowned blockchain company, Valereum, recently reported that the company was selling its mining assets to Vinanz Limited. Valereum is set to achieve a 24% stake in Vinanz Ltd. as a part of the deal. Valereum hopes to expand its…
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