Tag Archives: bitcoin mining

Why Crypto Mining Stocks Jumped Friday

What happened Shares of Bitcoin ( BTC -0.07% ) mining stocks surged Friday on a rise in Bitcoin prices themselves. But there may be more to the story than that. Stocks were up across the board, but CleanSpark ( CLSK 6.98% ) increased by 11.4%, while Canaan ( CAN 9.60% …

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What is ASIC Mining and how does it work?

Application-specific integrated circuit (ASIC) miners are computers designed specifically to mine cryptocurrency. Although any cryptocurrency that operates using proof of work can be mined using ASIC miners, they are typically used for Bitcoin mining. Proof-of-work and ASIC mining consume a lot of power, leading people to look for alternatives such …

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Riot Stock looks attractive after a deep correction (NASDAQ:RIOT)

Tevarak/iStock via Getty Images Investment Overview Bitcoin mining companies saw a strong recovery in the first quarter of 2021. This was a period where Bitcoin surged. With the volatility and correction in the cryptocurrency world, Bitcoin miners have struggled. With Bitcoin slipping below $40,000, some miners look attractive from a …

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Crypto under surveillance, will the documentary show its true face?

VICE News and Motherboard have announced a partnership that has resulted in a new crypto documentary series. Called CRYPTOLAND, the documentary series was filmed in multiple locations around the world. Related Reading | Data Shows Bitfinex Hack Awakened Largest Bitcoin Supply in Over 5 Years It aims to dig deeper …

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Biden to commission studies on cryptocurrency regulation and issuance -source

WASHINGTON, March 7 (Reuters) – U.S. President Joe Biden is expected to sign a long-awaited executive order this week directing the Justice Department, Treasury and other agencies to study the legal and economic ramifications of creating a a US central bank digital currency, a source familiar with the matter said …

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Bitcoin Miner Mawson Signs Hosting Agreements With Celsius Mining and Foundry Digital Cryptocurrency

The Mawson Infrastructure Group (MIGI) bitcoin mining operation has started to enter into hosting agreements with key players in the mining industry. On March 1, Securities and Exchange Commission (SEC) documents show that Mawson signed a 100 megawatt (MW) co-location agreement with Celsius Mining. Three days later, Mawson announced a …

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Crypto Not Suitable as a Means of Payment or Store of Value – Regulation Bitcoin News

Malaysia’s deputy finance minister said cryptocurrencies, such as bitcoin and ethereum, are not suitable as a means of payment or as a store of value. Although digital assets are not recognized as legal tender in Malaysia, the Ministry of Finance official said that it is an asset class in which …

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How are bitcoins mined?

Posted on Wednesday, March 2, 2022 at 11:00 a.m. Join the 100,000 AFP subscribers on Facebook Buy an AFP subscription Subscribe to AFP podcasts on Apple Podcasts, Spotify and Pandora News, press releases, letters to the editor: augustafreepress2@gmail.com Advertising inquiries: freepress@ntelos.net (© Nuthawut – stock.adobe.com) If you are looking to …

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Iris Energy: An ESG-friendly bitcoin miner on a clear path to expansion (NASDAQ: IREN)

da-kuk/E+ via Getty Images Iris Energy (IREN), a company engaged in building, owning and operating data centers for bitcoin mining, recently reported earnings in line with expectations despite bitcoin price weakness during the quarter, enhancing the benefits of its low-cost renewable energy. mining model. Backed by a strong team with …

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Bitfury sets up Bitcoin mining facility in Canada

Amsterdam-based bitcoin mining company – Bitfury – has announced that it will launch a new 28MW digital asset mining site in Ontario, Canada. The facility will be launched with an operational capacity of 16 MW, while an additional 12 MW will be added by the end of May. Bitfury’s Next …

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Kazakhstan Destroys 13 Illegal Bitcoin Mining Farms Amid Power Issues

Authorities in Kazakhstan have pledged to find more illegal miners after 13 factories closed. Kazakhstan became the world’s second-largest Bitcoin producer after miners left China. He legitimized Bitcoin mining last June by endorsing a tax band. The government should develop a set of measures to regulate mining. — #bitcoin #crypto …

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Kazakhstan likely has lower bitcoin hash rates since last index

Following China’s ban, Kazakhstan has become one of the main countries where Bitcoin miners have moved. But, they faced many difficulties in their operation. The University of Cambridge, in August 2021, published a study on Bitcoin mining hash rate shares by country. The United States had the highest share with …

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This week in pieces: Bitcoin and Ethereum slip as Mastercard expands its reach

This week in parts. Illustration by Mitchell Preffer for Decrypt. A brief accident dropped the price of Bitcoin to $39,638 on Friday, according to CoinMarketCap. The world’s favorite cryptocurrency, at the time of this writing, was trading near $39,975.50, an overnight drop of 1.21%, or about 5% cheaper than the …

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New York Mayor Eric Adams Says He’s Against Crypto Mining

New York Mayor Eric Adams wants to make the Big Apple a center for cryptocurrency trading, but now says he sides with environmentalists who oppose the energy-intensive process of mining digital currencies . “I support cryptocurrency, not crypto mining,” Adams said during a joint session of state lawmakers in Albany …

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Kazakhstan Proposes Electricity Price Hikes and Taxes Targeting Crypto Miners

The Kazakh government is considering a three-pronged proposal to charge crypto miners significantly more to operate in the country, which could make Kazakhstan less attractive to the industry. On February 4, Kazakhstan’s First Deputy Finance Minister Marat Sultangaziyev proposed a price increase from $0.0023 per Kwh to $0.01 (about a …

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EnergyFunders launches two new investment funds targeting

SAN ANTONIO, 01 Feb. 10, 2022 (GLOBE NEWSWIRE) — EnergyFunders announces the opening of two new energy and bitcoin funds, available to accredited investors. The company is building on the recent success of its Yield Fund I – its largest fundraising campaign to date. the Wildcat Pioneer Fund will invest …

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Bitcoin miners think the global hash rate will grow “aggressively”

Bitcoin (BTC) seems to be on everyone’s mind lately, as the world recently saw the price of BTC take a rather unexpected bearish turn this month. On January 21, 2022, Bitcoin hit its lowest level in six months, falling below $40,000 for the first time in months. While some panicked, …

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Utility seeks $800,000 from Russians to mine crypto with cheap energy – Mining Bitcoin News

Irkutsk’s main utility company is seeking to raise nearly $800,000 from owners of crypto farms that allegedly caused an increase in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in effect, a commercial activity. Power Utility Sues Crypto Miners …

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Audubon Engineering Company Wins Engineering and Design Contract for Bitcoin Mining Farm

HOUSTON–(BUSINESS WIRE)–Audubon Engineering Company, LP (“Audubon”), a global provider of engineering, consulting, construction, fabrication and technical services, today announced that it has been awarded an engineering and design for a large-scale bitcoin mining farm. Located in the central United States, the data mining project will consist of numerous interconnected modular …

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Bitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double The Power Of Today’s Best Machines Cointelegraph

One of the world’s largest bitcoin mining rig manufacturers, Bitmain has announced the launch of a new bitcoin miner that offers speeds of up to 198 terahash per second (TH/s). The new model is called Antminer S19 Pro + Hyd. and it takes advantage of liquid cooling technology to improve …

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El Salvador buys $15m worth of ‘really cheap’ bitcoin from President Crows as sell-off continues

Topline El Salvador, the first country to adopt bitcoin as legal tender, bought 410 bitcoins for $15 million on Friday as the currency fell to its lowest level in six months, President Nayib Bukele said. announcement on Twitter. Salvadoran President Nayib Bukele speaks at the inauguration of the 2021 ISA …

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Bitcoin Miners’ Resilience to Geopolitics – A Healthy Sign for the Network

Considering that Bitcoin (BTC) is a blockchain network that uses a proof-of-work (PoW) consensus mechanism, miners are a very important part of the market dynamics of the network and the community itself. On January 5, it was revealed that Kazakhstan had shut down its internet services due to unprecedented political …

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This 1989 Laptop Can Mine Bitcoin, But It Definitely Won’t Make You Rich

A developer succeeded in transforming a laptop from 1989 into a cryptocurrency mining machine, but it won’t make anyone rich anytime soon. the the computer in question is the once state-of-the-art Toshiba T3200SX, which is powered by a 16 MHz Intel 386SX processor and runs under MS-DOS. When it first …

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Jack Dorsey Builds Open Bitcoin Mining System Amid Climate…

(MENAFN-IANS) New Delhi, Jan 15 (IANS) Former Twitter CEO Jack Dorsey has announced that he is building an open and fully decentralized Bitcoin mining system, at a time when crypto mining has raised serious concerns of energy consumption and mega generation of electronic waste. In his latest tweet, Dorsey, who …

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OLB GROUP plans to start delivery of 400 additional ANTMINER S19J PRO cryptocurrency machines this month

NEW YORK–(BUSINESS WIRE)–The OLB Group, Inc. (NASDAQ:OLB), a diversified e-commerce merchant services provider and bitcoin mining company, today announced that DMint, Inc., a wholly owned subsidiary of OLB ( “DMint”), plans to take delivery of the first of four hundred (400) additional Antminer S19j PRO Bitcoin mining machines this month. …

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Bitcoin miner beats 1 in 1.3 million chances of mining a BTC block

A solo bitcoin miner (BTC) with just 126 terahashes per second (TH / s) of computing power has become the unlikely winner of a block race on the Bitcoin network. By successfully mining block 718124, the lucky miner got the block reward of 6.25 BTC, which is roughly $ 260,000 …

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Bitcoin mining: how long does it take to mine 1 bitcoin?

BItcoin and other cryptocurrencies, depending on who you talk to, are taking over the world. They’ve burst onto the scene in recent years, with 2021 each seeing new levels of exposure. They are everywhere now, and it’s hard to go a day without seeing or hearing a reference to Bitcoin …

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Spain could attract Bitcoin miners from Kazakhstan, suggests MP – CVBJ

Highlights: MEP María Muñoz believes Spain can be a “safe destination” for investors. Citizens Party is raising regulations on bitcoin and cryptocurrencies. Member of Parliament María Muñoz of the Citizens’ Party of Spain considers that her country is able to take advantage of what is happening with the Bitcoin miners …

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Abkhazia’s illegal bitcoin miners face new threat from thieves

Abkhazia has banned bitcoin mining to stem energy crisis Miners continue to work underground, facing higher risks A man was killed in a robbery attempt in October TBILISI, January 6 (Thomson Reuters Foundation) – When Valeri checked out the garage in Abkhazia where he had set up an illegal small-scale …

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Bitcoin hashrate hits record high as BTC celebrates 13th anniversary

The Bitcoin mining hashrate set a new all-time high over the New Years weekend. This is an important step for the network because it is now more secure than ever. The main cryptocurrency has just celebrated the 13th anniversary of its Genesis Block. The Bitcoin mining hashrate hit an all-time …

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Iran’s Bitcoin Mining Ban Sought To End Power Outages – It Will Do The Opposite

A revolutionary land getty For the second time this year, the Islamic Republic of Iran has banned the mining of bitcoin and other cryptocurrencies in a bid to ease pressure on its crumbling energy infrastructure. Bitcoin miners deploy power-hungry computer hardware in a race to randomly discover – or mine …

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Continue to take Crypto body shots? Try these 3 actions instead

Investing in cryptocurrencies can be a heartbreaking endeavor. It has been a little over a decade since Bitcoin (CRYPTO: BTC) debuted, and thousands more blockchain, digital token, and coin projects were launched following the success of the original crypto. Add in ambitious concepts closely related to crypto like Web 3.0, …

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Compass restores support to the Katie & Allie Buryk research fund at NTSAD

NEW YORK, 22 December 2021 / PRNewswire / – Mining compass (“Compass”), the world’s first and largest online marketplace for bitcoin mining, hosting and reselling hardware, announced today its December Compass Gives Back recipient, the Katie & Allie Buryk Research Fund, which is supported by the National Tay-Sachs & Related …

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Eric Adams wants to sell you Bitcoin

Incoming Mayor Eric Adams is a real believer in crypto. Others in the city are not so sure. Ron Adar / Shutterstock When Eric Adams, New York’s next mayor, triumphantly attended a political conference in Puerto Rico last month, he told reporters he paid for his trip there. “I paid …

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BTC Mine Australia Accelerates Expansion of Sustainable Bitcoin Mining

Undoubtedly, one of the new and rapidly expanding markets within the burgeoning blockchain industry today is cryptocurrency mining. Now that crypto is here to stay (with around 13% market saturation in the United States … and a forecast of 23% by 2023), cryptocurrency thought leaders and government regulators are all …

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Gem Mining Company Launches Bitcoin Mining In South Carolina

John warren, former founder and CEO of Lima One Capital, serves as CEO. In addition to Warren, Zeb Portanova is GEM’s Head of Strategic Initiatives. Portanova has held many managerial positions in multinational for-profit and not-for-profit companies. Gabe Waters runs the company’s data centers, and Chris Sullivan leads the company’s …

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Cryptocurrency mining farm suspected of torching in Thailand

A fire at a three-story building in Chiang Mai, Thailand was caused by an alleged cryptocurrency mining farm. CityNews reports that 72 servers were destroyed in the fire, which broke out on Friday, December 3, with local police estimating the damage at 2 million baht (around $ 60,000). No one …

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CleanSpark invites the public in the fourth quarter and full year

SALT LAKE CITY, December 10, 2021 (GLOBE NEWSWIRE) – CleanSpark Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”), a sustainable bitcoin mining and energy technology company, today invited shareholders , market analysts and other interested parties to its call for fourth quarter and full year 2021 results. CleanSpark Fourth Quarter and …

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Bitcoin Mining Zoning Dispute To Be Ruled In March | New

Parties involved in a zoning dispute over a bitcoin mining operation in the Limestone community have agreed to an “accelerated litigation schedule” in Washington County Chancellery Court to settle the case. Chancellor John Rambo issued an order on Friday acknowledging that the county had dropped its request for a temporary …

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Bitcoin mining is lucrative, but ‘dangerous to be confined to one country’

With Bitcoin hovering around the $ 50,000 level at the time of publication, extreme fear was palpable in the market. But that’s not what the long-term Bitcoin community is concerned about. In a recent interview, Whit Gibbs, Founder and CEO of Compass Mining, explained why BTC hashrate is an important …

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Perpetual Industries launches 506 (c) Series A Preferred

AUBURN, Ind., December 02, 2021 (GLOBE NEWSWIRE) – via InvestorWire – Perpetual Industries Inc. (OTC MARKETS: PRPI) (“Perpetual” or the “Company”), A Diversified Energy Efficient Technology Research And Development And Niche Product Marketing Company Announces Today It Will Offer Up To 140 Shares Of Its Series A Preferred Shares At …

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$ 3.3 billion Bitcoin mining company Gridi to be NYSE listed via SPAC deal

In a filing Tuesday with the United States Securities and Exchange Commission, the special purpose acquisition company, or SPAC, Adit EdTech Acquisition Corp, announced that it would merge with the Bitcoin (BTC) miner based in Cincinnati, Griid, for a business valuation of $ 3.3 billion. SPACs are blank check companies …

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About the Amplify Transformational Data Sharing ETF: BLOK

Irrational exuberance is a term coined by Alan Greenspan to describe “the psychological basis of a speculative bubble” where “news of price increases spur investor enthusiasm, which spreads through psychological contagion”. He coined the term in the tub and first used it in public about three years before the chip …

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Why the launch of Bitcoin Fair matters

Bitcoin is the world’s most secure and decentralized cryptocurrency – but its fair launch is perhaps one of the most misunderstood aspects of its history and one of the things that makes it so decentralized and unique. Many altcoins will typically use a launching mechanism called “premining,” which involves creating …

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How to mine Bitcoin and Ethereum, and 4 Altcoin investment protocols

Gaurav Budhrani and Alan Konevsky have left Goldman Sachs to join cryptocurrency mining company PrimeBlock. The company operates 12,000 bitcoin and ether mining machines. Budhrani and Konevsky have listed four proof-of-stake blockchain protocols that retail investors are currently purchasing. Gaurav Budhrani and Alan Konevsky are two former Goldman Sachs employees …

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Bitcoin mining boosts clean energy

Bitcoin mining energy consumption is massive and people are taking note. Increases have accelerated, with mining energy consumption rapidly surpassing the totals of small countries. And many see this ever-growing carbon footprint as a threat to climate change. But it is not a threat. In fact, increasing energy consumption could …

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How will Bitcoin become more prevalent?

The popularity of cryptocurrency continues to gain ground. Bitcoin has also spearheaded this phenomenon. In October, the US SEC approved the first Bitcoin exchange-traded fund allowing investors who need to trade in equity-like products to access a new asset class. The launch of the ProShares Bitcoin Strategy ETF has already …

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Norway could back EU ban on Bitcoin mining, as minister calls energy consumption ‘hard to justify’

Norway is considering policy measures that would tackle the environmental impact of crypto mining, a government minister told Euronews Next. “Although crypto mining and its underlying technology may represent possible long-term benefits, it is difficult to justify the intensive use of renewable energy today,” said the Norwegian local government and …

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TAAL acquires 60,000 square foot facility to mine bitcoin on an industrial scale

50 MW of energy will supply up to 2 Eh / s of mining capacity New Brunswick The based facility will become the cornerstone of TAAL’s Bitcoin mining asset New Brunswick Power Corporation (“NB Power”) provides more than 80% emission-free energy, of which more than 40% comes from renewable energy …

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Bitcoin miners and neobanks to go public

Proof that the digital age has completely trapped Wall Street, recent listing announcements – under Special Purpose Acquisition Companies (SPACs) and traditional Initial Public Offerings (IPOs) – have been marked by companies fully rooted in the distant fields of digital banking and crypto-currencies. It should be noted that registrations also …

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US takes Bitcoin Mining Crown after China’s crackdown

The United States is quickly becoming the world’s new hub for bitcoin mining. After a government crackdown in China, many miners are betting on reliable access to energy and a more predictable regulatory environment in the United States. a fifth last spring, according to data from the University of Cambridge. …

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Bitcoin miner Stronghold Digital Mining debuts on Nasdaq

Stronghold’s Spence and Beard Aaron Kotowski Shares of Stronghold Digital Mining jumped 52% on their first day of trading on Wednesday, as investors show enthusiasm for fledgling cryptocurrency-related companies. Trading on the Nasdaq under the ticker symbol “SDIG”, the Pennsylvania-based company, which extracts bitcoin from residual coal, has valued its …

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4 states attract the most minors

Foundry’s dataset shows that four states in the United States have the highest Bitcoin hash rate distribution. The dataset shows that many Bitcoin miners are heading to New York, Kentucky, Georgia, and Texas. Foundry US is the largest mining pool in North America and the fifth in the world. The …

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Sino Global Shipping America: Global Enters Bitcoin Mining Machine Joint Venture With Highsharp; Make investments to stimulate product development and expansion (Form 8-K)

Sino-Global enters Bitcoin Mining Machine joint venture with Highsharp; Make investments to stimulate product development and expansion ROSLYN, NY, October 4, 2021 – Sino-Global Shipping America, Ltd. (NASDAQ: SINO) (“Sino-Global” or the “Company”) today announced plans to form a Bitcoin Mining Machinery (“JV”) joint venture with Highsharp, a technology-focused company …

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Bitcoin Mining ASIC Prices Rising

There could be a number of factors contributing to the rise in the price of bitcoin mining ASICs, components that are at the heart of the specialized machines used to secure the Bitcoin network in exchange for BTC rewards. Supplies are tight, global shipping lanes are congested, there is growing …

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Advice from the CEO of Compass Mining

Whit Gibbs co-founded Compass Mining after a career spanning online payments and dog brokerage sales. He explains why bitcoin is incredibly profitable to mine right now due to a big catalyst. It also explains how engaged retail investors can profitably mine bitcoin at home. During a career spanning online payments, …

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China seizes 10,000 bitcoin mining equipment in Inner Mongolia

Municipal authorities in China’s Inner Mongolia Province reported the seizure of 10,000 unregistered cryptocurrency mining equipment on Monday, September 27. The mining equipment was discovered in a hangar in the small and medium business area of ​​an entrepreneurship park in Bayannur. Regarding the confiscated mining equipment, a statement by the …

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China turns screws in crypto crackdown

A Chinese flag is visible among representations of Bitcoin and other cryptocurrencies in this illustrative photo taken on June 2, 2021. REUTERS / Florence Lo / Illustration / File Photo SHANGHAI, Sept.24 (Reuters) – China on Friday stepped up its crackdown on cryptocurrency trading, promising to root out “illegal” activity …

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A comparison between crypto staking and mining

To share Tweeter To share To share E-mail We hear more and more investors asking the question: what is crypto staking? This new trend has emerged recently and is invading the world of cryptocurrency. Cryptocurrency staking is often seen as a response to the ever increasing need for energy from …

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Crypto-Linked Shares Fall As Bitcoin Price Crashes

Crypto-related stocks like Bitcoin Marathon Digital Holdings miners (MARA) and Riot Blockchain Inc. (RIOT) and the Coinbase Global crypto exchange (PIECE OF MONEY) are trading lower after Bitcoin’s price fell on Monday morning. Bitcoin fell about 10% early Monday morning, hitting its lowest price in over a month. Ether also …

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Genesis Digital Assets raises $ 431 million

Bitcoin miner active since 2013 Genesis Digital Assets announced today that it has raised $ 431 million to fund the company’s expansion plans. The round, led by investment firm Paradigm, comes less than two months after the $ 125 million miner’s previous round of funding. Former investors have also joined …

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GREE action might not work well in a post-merger world

Bitcoin Mining and Power Generation Group Generation Greenidge (NASDAQ:GREEN) share is the new name and symbol of the company resulting from the merger of Support.com and Green coast. Source: Shutterstock InvestorPlace.com readers will know that Support.com has been around for over two decades and has a history of volatile income, …

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IPFS Mining Hero Announces New Mining Launch

BEIJING, September 20, 2021 (GLOBE NEWSWIRE) – Recently, IPFS Mining Hero announced the launch of a new mining app. IPFS Mining Hero is one of the best bitcoin cloud mining sites. Contrary to popular myth, cryptocurrencies do not happen on their own. They are extracted using computer calculations. However, it …

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Bitcoin mining generates massive e-waste: report

Bitcoin mining generates significant electronic waste which “represents a growing threat to the environment”, according to a recent study. A co-author of the report told AFP on Friday that the average life cycle of the powerful computers used to dig up the units of the world’s first cryptocurrency was only …

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Ray Dalio doesn’t understand Bitcoin

Ray Dalio, co-chief investment officer of Bridgewater Associates, one of the world’s largest hedge funds, owns Bitcoin, but in a maintenance with CNBC On Wednesday, he demonstrated that he still doesn’t understand or believe in it as a store of value greater than gold. Dalio believes governments can kill the …

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Blockstream ASIC Change Bitcoin Mining

Adding to a list of offerings that touch almost every aspect of the industry, infrastructure company Bitcoin Blockstream now plans to launch the “world’s first enterprise-class miner” in 2022. And, in addition to Being a huge challenge in itself, Blockstream hopes to improve the efficiency of mining platforms, meet major …

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