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“# KuCoin encourages greener crypto mining with proof-of-work pool ” Singapore-based crypto exchange KuCoin is launching a mining pool aimed at providing revenue to proof-of-work miners after integrating their rigs. In a Wednesday announcement, the exchange said its KuCoin Pool product would allow miners around the world to contribute to the Bitcoin (BTC) and Bitcoin…
“# Bitcoin hashrate triples since June 28 in recovery from China syndrome ” The hashrate for the Bitcoin network has made a remarkable recovery since it crashed following China’s crypto mining clampdown earlier this year. The Bitcoin hashrate has now topped 150 Exahashes, or one quintillion hashes, per second according to data from analytics provider…
“# Riot Blockchain reports 1,540% increase in quarterly revenue from Bitcoin mining ” Major publicly-listed Bitcoin mining firm, Riot Blockchain, has reported record revenues for Q2 2021. In its Aug. 23 quarterly financial report, the U.S.-based firm reported $31.5 million in mining-related revenues for the three-month period — up roughly 1,540% from its Q2 2020…
“# Chinese province to cut off Bitcoin miners from hydropower stations ” Regulators from Yingjiang County in Yunnan, China have issued strict warnings to hydroelectric plants against supplying power to enterprises involved in Bitcoin (BTC) mining. A recent report claimed that the Office of the People’s Government of Yingjiang County issued notice to hydropower plants…
“# Iran to lift Bitcoin mining ban in September ” Iran will once again allow Bitcoin and crypto miners to operate in the country from the last week of September. According to a report by Iran’s Financial Tribune, Tavanir, the country’s power generation organization, made the decision known earlier in August. As previously reported by Cointelegraph,…
“# Crypto mining needs to be redefined before simply casting it away ” Blockchain mining networks are often victims of their success. The two contemporary realities that demarcate the mining landscape and cause blockchains to fall short of what they promise are 1) the ongoing technological arms race driven by inherent competitive greed; and 2)…
“# Clearing the air: Renewably sourced Bitcoin may ensure a clean energy future ” Bitcoin (BTC) may be the last thing one might consider when thinking about ways to ensure a clean-energy future. This has especially become the case following a tweet sent by tech entrepreneur Elon Musk back in May, in which he stated…
“# BlackRock ETFs hold $384 million of shares in Bitcoin mining firms ” Filings submitted by the $9 trillion multinational investment manager BlackRock reveal the firm has made significant investments in two leading publicly traded Bitcoin mining firms. A June 30 filing submitted to the U.S. Securities and Exchange Commission, unearthed by Forbes, shows that…
“# Bitcoin mining metric that has predicted every big BTC rally since 2020 is flashing again ” A Bitcoin (BTC) mining indicator that has preceded several major BTC price rallies is flashing again. Blockchain analytics platform Glassnode spotted a golden cross between the 30-day and 60-day moving averages of Bitcoin’s hash ribbon. In theory, such…
“# Crypto miner Argo Blockchain goes ‘climate positive’ on greenhouse gas emissions ” Cryptocurrency mining company Argo Blockchain announced Tuesday that it has reached an important milestone in its climate strategy, sending a strong signal that environmental sustainability remains one of its primary focuses. The company claims its crypto operations have become “climate positive” for…