Category: Mining

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! An energy team of the White House is drafting a policy recommendations report to address issues concerning cryptocurrency mining’s energy consumption and emissions, according to a report by Bloomberg Law. The policy report, expected in August, could be one of the

Environmental, social, and corporate governance (ESG) is billed as a powerful vehicle to create value, drive sustainability, and deliver a more equitable world. But behind the social justice warrior hype lies the potential to pick winners and losers, and unfortunately for crypto, the verdict is mainly negative from an ESG perspective. To read the rest

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Block and Blockstream are setting up a green Bitcoin (BTC) mining station in Texas, powered by Elon Musk‘s sustainable solar battery megapacks produced by Tesla Inc. Both Blockstream and Block — which is led by Jack Dorsey — invested $6 million each

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The ErgoDEX team tweeted that they are two weeks into a testnet run and have been getting stable results. The next step is performance optimization and ironing out bugs before launching on the Cardano chain. We have been running our Cardano

The US has become the dominant country for crypto mining, but that dominance isn’t reflected in the crypto mining stocks, which continue to perform poorly as the market plunges, Barrons reported. The Cambridge Bitcoin Electricity Consumption Index (CBECI) had revealed that the US accounts for around 38% of the global Bitcoin hash rate in January

New Bitcoin (BTC) mining data from the Cambridge Centre for Alternative Finance (CCAF) has revealed that China has resurfaced as a leading mining hub. This resurgence comes after the country banned BTC mining in the past year, citing BTC’s Proof-of-Work (PoW) consensus mechanism, which is energy-intensive. According to CCAF, China’s ban on BTC mining saw

Kazakhstan has imposed new reporting requirements that seek to determine the energy consumption rate by crypto miners. The order requires every crypto-miner in the country to provide detailed information about their operations 30 days before commencing operations.  Kazakhstan requests new information from miners The new rules aim to determine how crypto mining affects the country’s

The Bitcoin Mining  Council, led by Michael Saylor, has hit back at a US Congress group that petitioned the Environmental Protection Agency to criticize proof of work mining. The council’s letter focuses, in part, on comparing Bitcoin mines to computer data centers.  They aim to highlight that the EPA has no jurisdiction to dictate what

CoinWarz shows the Bitcoin hash rate continues to explode, hitting a new all-time high of 270 EH/s on Monday before settling around the 220 EH/s today. A rising Bitcoin hash rate indicates the number of miners on the network is growing. This is often taken as a measure of growing miners’ confidence in BTC. Source:

The Bitcoin Mining Council has released a report that confirms that 58.4% of Bitcoin mining comes from a “sustainable electricity mix.” Elon Musk famously said that Tesla would start accepting Bitcoin when  “there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.” Bitcoin Mining Council