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…
Read more
All you’d need is 78 NVIDIA GeForce RTX 3080 graphics cards… and a decent air conditioning system. Simon Byrne has taken at-home crypto mining to a whole new level as he looks to capitalize on Ethereum’s (ETH) potential. As first reported by Anthony Garreffa, Byrne has set up an ETH mining rig consisting of 78…
Read more
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…
Read more
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…
Read more
A research firm’s head recently claimed Bitcoin’s capped supply could be changed. Bitcoin’s (BTC) price rise has brought all sorts of comments out of the woodwork. Although many carry a bullish tint, some folks still doubt crypto as a new store of value class. David Rosenberg, the chief economist and strategist, as well as president,…
Read more
More people use Bitcoin now, but transaction fees are much lower than during the 2017 bull run. As Bitcoin (BTC) keeps hitting new all-time highs past $20,000, its network fundamentals paint a different picture compared to the previous 2017 bull run. Three years ago, on this very day, Bitcoin reached its first major all-time high…
Read more
The new Bitcoin Clean Energy Investment Initiative will aim to make mining more eco-friendly. On Tuesday, payments giant Square announced a major push to go carbon neutral by 2030. As part of the initiative, Square will be dedicating $10 million to its Bitcoin Clean Energy Investment Initiative, which aims “to support companies that help drive adoption…
Read more
Slush Pool encoded a Reuters headline in an apparent nod to the Bitcoin genesis block, which contains a banner from The Times. Slush Pool, the world’s oldest mining pool, put a Reuters headline about Bitcoin’s 2020 bull run in a block on Dec. 2. “Dollar plummets on U.S. stimulus hopes; Bitcoin hits all-time peak” is now part of Bitcoin…
Read more
Bitcoin Core touts itself as a direct descendant of Satoshi Nakamoto’s original Bitcoin software client. Bitmain, one of the world’s largest Bitcoin (BTC) miner producers, has reportedly halted its funding for some primary developers maintaining Bitcoin-related software. Jonas Schnelli, a major Bitcoin Core contributor and maintainer, claimed that Bitmain halted its support after funding his…
Read more
The Venezuelan army turns to crypto mining as the country’s economy collapses. The regime of Nicolás Maduro continues to lean on crypto to keep economically solvent. Via Instagram, an engineering brigade of the Venezuelan army inaugurated the new “Digital Assets Production Center of the Bolivarian Army of Venezuela.” As the video shows, the center houses…
Read more
