Empowering Communities with E-Waste
👋 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 […]
The World Bank recently reported that global energy prices could remain “historically high” until 2024. They expect energy prices to “rise more than 50% in 2022.” Given that energy is the only direct cost to the Bitcoin mining network, what might this mean for the future of PoW mining? Speaking to Mas Nakachi, Managing Director […]
The New York State Assembly has passed a mining moratorium bill to pause all crypto mining development for two years. The essence of the moratorium is to give the state enough time to examine the impact of mining in the state. Two-year moratorium on carbon-fueled mining Assemblymember Anna Kelles sponsored the Bill designed to prevent […]
New York has become a battleground for crypto mining after lawmaker Anna Kelles submitted a proposal to “place a two-year moratorium on reactivating fossil-fuel power plants for off-the-grid cryptocurrency mining,” the Wall Street Journal reported. Kyle Schneps, director of Bitcoin mining company Foundry Digital LLC, said. “We view the battle going on in New York […]
