News about MINING

News about Mining

FACT CHECK: Is Bitcoin mining environmentally unfriendly?

As Bitcoin has become increasingly mainstream, questions about how it works have naturally arisen among both investors and the general public. One of those questions is about the potential environmental impact of mining, which is the process the bloc...

Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin miners in North America. The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide.

submitted by /u/Shutae [link] [comments]

The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide.

submitted by /u/DestructorEFX [link] [comments]

Marathon, one of the largest enterprise Bitcoin mining companies in North America, is now approximately 70% carbon neutral.

submitted by /u/DetroitMotorShow [link] [comments]

Bitcoin Mining Operations Btc.top and Hashcow Cease Offering Services in China

Following some stern warnings from a few major trade associations and regulators in China, two prominent exchanges, Huobi and Okex, have stopped offering services to Chinese residents. After the two exchanges halted specific services to residents of...

China to Intensify Crackdown On Crypto Mining Operations

Huobi and BTC.TOP have said they will suspend services in reaction to the crackdown, even as Bitcoin remains lodged below $40k. Bitcoin miners have been impacted by renewed efforts by the Chinese government to crack down on cryptocurrency mining busi...

Comparing the True Costs of Gold Mining in Africa With Those of Bitcoin Mining

When billionaire Elon Musk announced that Tesla would no longer accept bitcoin as payment for its electric vehicles, the price of the crypto asset tanked. In justifying this decision, Musk cited bitcoin mining’s inefficient use of electricity a...

China Mining Ban Is Long Term Healthy for Crypto Market

In short, China's obsession about controlling every aspect of currency and money making in China is going to clamp down on mining using the convenient story angle that controlling mining is about controlling energy and green sustainability. In m...

BTC Mining Devices ‘Out of Stock’ Worldwide- 6 Chinese Mining Rig Makers Dominate the ASIC Industry in 2021

While bitcoin prices have slid in value and the high network difficulty, the leading crypto asset is still quite profitable to mine according to current data. Despite the profitability, these days there are only a few manufacturers producing applicat...

This entire Bitcoin environmental impact is BS. If you live in a mining town you would agree.

I live in a mining town. There are 2 companies here mining nickel and copper. Our beautiful forest landscape was decimated, people have died, union wars have crippled our local economy. The acid rain was literally eating the paint off of cars. NASA e...

Iran Is Using Bitcoin Mining to Circumvent Sanctions, According to Elliptic

Iran is using Bitcoin mining to circumvent and lessen the effect of the economic sanctions that the U.S. and other countries have applied to the country since 2006, according to a new study by Elliptic, a blockchain analytics and financial crime comp...

Here is my refferal to Binance pool mining,get your mined coin deposited daily in your binance account.Refferal code - ZX5BC5YZ

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China’s Largest Miner Plans to Move to North America Amid China’s Crackdown on Bitcoin Mining

submitted by /u/theoakmike [link] [comments]

A ban on mining in China would honestly be the best thing that could happen to Bitcoin

The biggest drawbacks of the “most secure, decentralized network in the world” is that such a majority of its hashrate comes from a dystopian authoritarian country. Yes the mempool would be unstable and flooded for a week or two, but then the diffic...

China banning mining would be a net positive for Bitcoin

submitted by /u/patriceac [link] [comments]

‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector

A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the sector closely. The report follows a recent article from Reuters published t...

China recycles another old regulation for the second time this week, this time in regards to mining. Looks like this is their way of preparing for the release of the Digital Yuan... Don't fall for the FUD.

submitted by /u/NFTfuture1 [link] [comments]

1 more FUD came again and BTC started crashing The State Council of China: Crack down on Bitcoin mining and trading, and prevent individual risks transmitted to the social field.

submitted by /u/JoinUpp [link] [comments]

Chinese Firm Invests $25 Million in ‘Cryptocurrency Mining Data Center’ in Texas

On Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center located in Texas. The binding investment worth $25 million is with Dory Creek, LLC as the...

ARK Investments have published an open-source Solar+Battery+Bitcoin economically scale mining model that provides energy to the grid while also mining BTC.

submitted by /u/DetroitMotorShow [link] [comments]

all mining pools with 1% of more of the total global bitcoin hashrate have signaled for Taproot

submitted by /u/bitentrepreneur [link] [comments]

Nvidia Aims to Get Its GPUs Back ‘Into the Hands of Gamers’ by Reducing Mining Capabilities on 3 Graphic Cards

A major chipmaker keeps making efforts to calm down the gaming community’s anger toward cryptocurrency miners who are taking the lead in buying graphic cards massively, boosting its prices. Nvidia has announced that it will deliberately limit t...

Here's some advice from someone that had $40,000 in debt in mining rigs when the 2017 crash happened.

In late 2016 my friend asked me if I wanted to help him setup some mining rigs. It seemed like a no brainer. Buy the rigs, have a 6 - 8 months ROI, live like kings, and if the market crashes he could sell all the GPUs at his PC/cell phone repair shop...

Nvidia Stripping Crypto Mining Capacity from its RTX Cards

GPU manufacturer Nvidia has made its GeForce RTX cards unappealing to cryptocurrency miners. Graphics card maker, Nvidia, has extended its campaign to diminish the use of its RTX 3080, RTX 3070, and RTX 3060 Ti cards being used for crypto mining. The...

Finally, a decent article about the real energy cost of Bitcoin mining, and where the industry is going in clean energy and renewables.

submitted by /u/Jethroe1 [link] [comments]

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