Category: Mining

China has again demonstrated its anti-crypto position by relieving one of its officials from his position because he violated the country’s policies on digital assets. China sacks official for supporting “crypto mining”  According to the South China Morning Post, Xiao Yi, who is a top government official in the Jiangxi Province, went against the government’s

Yes, Bitcoin mining does consume a lot of energy — about 110 terawatt hours per year, the energy equivalent of a small country. Considering that a single Bitcoin mining farm might be running hundreds or thousands of mining rigs (roughly the equivalent of running a space heater) all day, every day, it’s easy to see

Following a harsh clampdown imposed by China on Bitcoin-related transactions, the exiled miners from China found refuge in Kazakhstan to mine Bitcoin without excessive government intervention. The country’s cheap electricity supply has made Kazakhstan a popular choice for miners to mine Bitcoin, however, the recent development has propelled the country to reconsider its newly acquired

The Bitcoin Mining Council (BMC) has recently published the findings of its Q3 2021 survey, which revealed that the global Bitcoin (BTC) mining industry continues increasing the utilization of sustainable energy. The BMC is a voluntary association of Bitcoin miners, founded in May 2021 with support from some of the largest Bitcoin mining companies along

Despite China’s hostility towards the Bitcoin mining space earlier in the year, the hashrate of the digital asset has increased a great deal within the last 3 months by over 30%. Bitcoin hashrate is getting stronger In July, Bitcoin’s hashrate was as low as 103 exahash per second (EH/s), but as of press time, it

The American billionaire technology entrepreneur, Jack Dorsey, best known as the co-founder and CEO of Twitter and the founder and CEO of the financial services and digital payments company Square, left the crypto community on Twitter wondering what is implied with the enigmatic number ‘705742.’ The ambiguity of his short numeric tease opened up the

The advent of cryptocurrencies has revolutionized the work of businesses and industries all over the world, including the finance, banking, and retail sectors. In April 2021, the prices of Bitcoin and Ethereum exploded – rising by over four to nine times – demonstrating that the world might witness a crypto boom with digital currencies being adopted

Bitcoin mining and its impact on the environment has been in the news recently, as Elon Musk tweeted his concern about the amount of its fossil fuel usage, and withdrawing his support of the cryptocurrency. But is he correct about the current situation of mining energy consumption? Are all Bitcoin mining facilities destroying the planet

Recently, Billy Markus has begun actively promoting nodes on Dogecoin. The project’s co-founder jokingly said, “if you don’t run a dogecoin node, you are satan,” while distributing material on how to set one up. Markus also posted a tweetstorm recommending existing nodes update to the latest version, 1.14.4, so that more users (in the future)