Category: Mining

Jiang Zhuoer, the operator of major Chinese mining pool Lebit Mining, argued that the latest crackdown on crypto in the country would likely lead to miners relocating their activity to Europe and the U.S., as pointed out by journalist Colin Wu. “The worst case may be that large-scale mines are closed, and China’s Bitcoin mining

Over the past few years, private equity firm Atlas Holdings has created arguably the most ambitious and self-sufficient Bitcoin mining facility in the U.S. by repurposing a whole abandoned power plant into a crypto farm. According to Ars Technica’s report published earlier this week, Atlas bought the Greenidge power plant in upstate New York back

A new bill has been introduced in the New York State Senate that proposes to halt Bitcoin (BTC) mining for three years while researchers will be assessing its impact on the environment. Senator Kevin Parker initially presented his proposal, titled Senate Bill S6486, to the Environmental Conservation Committee on Monday. However, it attracted criticism from

Starting today, users will be able to transact and trade Chia (XCH), a new cryptocurrency touting itself as an eco-friendly and easy to “farm” digital assets, according to the project’s website. Created by BitTorrent inventor Bram Cohen, Chia is based on the so-called “proofs of space and time”—an consensus algorithm alternative to widely used proof-of-work

News › Bitcoin › China › Mining The administration of China’s capital is reportedly trying to determine how big of an impact crypto miners have on electrical grids. Liam Frost · April 30, 2021 at 5:00 pm UTC · 2 min read The Beijing Municipal Bureau of Economy and Information Technology has begun sending out

Crusoe Energy, a Colorado-based mining and alternative energy firm, is tackling Bitcoin’s climate impact in a previously unseen manner, as per a feature on tech publication TechCrunch today. The firm has raised $128 million from investors for its cause. Bitcoin’s massive energy usage stems from the process of ‘mining,’ which sees the use of elaborate

Bitcoin mining farms and renewable energy facilities can greatly help each other to create an “abundant, clean energy future,” according to a joint research report published by payments company Square and asset manager Ark Invest yesterday. Today is the day we turned the tables on the bitcoin energy debate: https://t.co/QjUzqmuCSS pic.twitter.com/gfd3lw9RhD — Miles Suter (@milessuter)

Mustafa Yilham, VP of global business development at Asian mining and wallet company Bixin, took to Twitter today to explain why Bitcoin’s hash rate—the total computing power of the blockchain—dropped by around 25% last week. Yilham, who operates one of the largest Bitcoin mining farms in the world, shared his thoughts on the situation and

The New York Times published an article featuring calls from experts saying Bitcoin will eventually need to follow what Ethereum is doing and change to a Proof-of-Stake (PoS) consensus mechanism. Bitcoin’s ravenous demand for electricity is an undisputed fact. But things get muddled when it comes to where that energy comes from, i.e., fossil fuels

Bitcoin firm that exploded 12,000% in the past year is buying the world’s largest mining farm Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Riot Blockchain, a publicly listed United States Bitcoin mining player, acquired a crypto mining facility for over $650 million last week as