“I’m not in crypto to make a fast buck, but I’ll take the bonus,” said Simon Byrne. Crypto enthusiast Simon Byrne has taken crypto mining out of the garage and onto the road after installing a small farm in the trunk of his car. According to a report from Hardware Times, Byrne purchased a BMV…
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Do the benefits brought by Bitcoin and the improvement in our standard of living justify this additional use of energy? Bitcoin arouses passion, curiosity and has received more and more media attention, especially after having climbed the ranks of the best financial asset of the decade. However, whenever its price goes up, many doubts and…
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A country where Bitcoin once looked primed to flourish is now attempting to scapegoat the cryptocurrency. As blackouts and police raids roil the upstart Iranian Bitcoin mining industry, a match between a permissionless currency and a country throttled by inflation that once seemed like a perfect fit is now being called into question. As Cointelegraph…
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This week’s volatility may come down to a tug-of-war between F2Pool selling and Grayscale buying. Bitcoin (BTC) fell to lows of $28,950 on Jan. 22 thanks to miners likely selling huge amounts of their holdings — but big buyers made sure that the dip was minimal. According to data from on-chain monitoring resource CryptoQuant, the…
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Mike Novogratz’s Galaxy Digital is launching its own Bitcoin mining operations and creating a new business unit dedicated to providing financial services to miners. Galaxy Digital — the financial services and cryptocurrency investment management firm founded by Mike Novogratz — has set its sights on establishing a footing in the Bitcoin (BTC) mining sector. After…
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Mining for Bitcoin may be contributing to “thick layers of toxic smog” and blackouts across many Iranian cities. The push by many in Iran to establish the country as a mecca for crypto miners may be having some unintended environmental consequences. According to a Bloomberg report, the energy requirements of Bitcoin (BTC) and crypto mining…
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The average amount of Bitcoin miners are selling continues to gradually decrease. Bitcoin (BTC) mining difficulty is increasing by roughly 11% on Jan. 9, according to data from BTC.com. This marks the biggest increase in nearly four months that will put the metric over 20 trillion for the first time ever. “Hashrate is on a…
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Experts in blockchain technology and crypto take on the question of Bitcoin’s path throughout the year 2020. Without any doubt, the year 2020 was unlike any other year in the 21st century: The ongoing COVID-19 pandemic, global governments unstoppably printing money, “lockdowns” and “social distancing” becoming the new normal, protests against racial discrimination and police…
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The crypto mining industry has had a phenomenal record of growth and innovation over the past decade, but this is just the beginning. Since the creation of the first cryptocurrency over a decade ago, many have often been skeptical of their legitimacy, with some even dismissing them as a fraud. But in 2020, this paradigm…
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Nasdaq-listed crypto firm Riot Blockchain purchases additional 15,000 Antminers from Bitmain for $35 million. Riot Blockchain, a Nasdaq-listed cryptocurrency mining company, has inked another deal with Chinese mining giant Bitmain to buy 15,000 Antminers. According to a Dec. 21 announcement, the Colorado-based firm expects the new purchase will contribute a 65% increase to its total…
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