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” Repurposing Bitcoin mining heat can solve global energy crisis: Arcane “ The flexibility behind running Bitcoin (BTC) mining operations can be vital to solving the real-world problems that stand in the way of the energy industry, suggests Arcane research. One of the biggest concerns authorities raise when it comes to Bitcoin’s mainstream adoption is…
” The Bitcoin bottom — Are we there yet? Analysts discuss the factors impacting BTC price “ When Bitcoin was trading above $60,000, the smartest analysts and financial-minded folk told investors that BTC price would never fall below its previous all time high. These same individuals also said $50,000 was a buy the dip opportunity,…
” President of Paraguay vetoes crypto regulation law “ Paraguay’s president, Mario Abdo Benítez, vetoed a bill that sought to recognize cryptocurrency mining as an industrial activity on Monday. He reasoned that mining’s high electricity consumption could hinder the expansion of a sustainable national industry. The decree stated that crypto mining uses intensive capital with…
” Bitcoin mining difficulty set for 8-month record gains despite BTC price dip “ Bitcoin (BTC) may have hit six-week lows of under $20,000 but its network fundamentals are anything but bearish. The latest on-chain data shows that, far from capitulating, hash rate and difficulty are making snap gains. Data supports “doozy” difficulty jump Despite…
” Bear market uncertainty is the perfect time to build and learn, says Sato exec “ The decisions made by companies during bear markets play a pivotal role in determining their longevity in the crypto ecosystem. Representing Canadian Bitcoin (BTC) mining firm Sato Technologies, COO Fanny Philip revealed what it takes to survive the bearish…
” Nvidia cites limited visibility into crypto mining’s impact on Q2 results “ Graphics card giant Nvidia CFO Colette Kress says the company has been unable to estimate reduced crypto mining demand impacted its Q2 results, which fell short of analyst expectations on Wednesday. The chip giant released its financial results for the three months…
” Still growing — Armenian mining operator increases power plant capacity “ The establishment of free economic zones that foster blockchain and cryptocurrency adoption in Armenia is bearing fruit as a local mining operator adds 60MW of capacity to its power plant-based facility. Cryptocurrency investment platform ECOS has been operating a mining center on the…
” US lawmakers appeal directly to 4 mining firms, requesting info on energy consumption “ Four members of the United States House of Representatives from the Energy and Commerce Committee have demanded answers from four major crypto mining firms in regards to the potential effects of their energy consumption on the environment. In letters dated…
” ‘There’s a lot less land to go around’ — why White Rock established off-the-grid mining in Texas “ Amid many cryptocurrency mining firms in Texas scaling down operations to reduce the load on the power grid, at least one company set up miners not quite as affected by the state’s energy requirements during extreme…
” Bitcoin miners hodl 27% less BTC after 3 months of major selling “ According to a fresh prediction from crypto analysis firm Arcane Research, miners will continue to sell more BTC than they earn. Miners sold nearly 30% of record BTC stash since May The trip to $25,000 this month decreased pressure on a…