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“# Bitcoin hashrate hits 8-month low as Chinese miners power down ” Bitcoin’s hashrate has fallen to its lowest levels since early November as mining operations in China start unplugging. Bitcoin’s network hashrate, a measure of its computational horsepower, has slumped 46% since its peak level in mid-May. According to Bitinfocharts, Bitcoin hashrate is currently…
“# Bitcoin price dips below $34K as day of Grayscale’s giant BTC unlocking draws near ” Bitcoin (BTC) dropped to local lows of $33,750 on June 20 as fears over weak support levels proved to be well founded. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD swiftly dropping below…
“# Miami mayor offers city’s clean nuclear power to Chinese Bitcoin miners ” With Bitcoin (BTC) mining concentration expanding in North America, Miami mayor Francis Suarez is looking to position his city as a hub for crypto mining activity. Speaking to CNBC on Thursday, Mayor Suarez said he is inviting foreign mining companies to consider establishing…
“# Bitcoin miners can prove green potential by undergoing ESG ratings check ” Environmental concerns regarding the energy-intensive, proof-of-work (PoW) mechanism that Bitcoin (BTC) uses to produce new coins and verify transactions have been front and center lately. Debates regarding Bitcoin’s energy use particularly surged following a tweet sent out by Tesla CEO Elon Musk in…
“# Estonian IT company inks $26M crypto mining deal with Bitmain ” Estonian technology conglomerate Burfa is turning to Bitmain to supply key cryptocurrency mining infrastructure to its Narva-based data center, offering a glimpse into the arms race underway for high-performance computing resources. The $26 million agreement will allow Burfa to double its data-center capacity…
“# Crypto miners eye cheap power in Texas, but fears aired over impact on the grid ” The recent crackdown on crypto mining in China has seen concerns expressed over the potential impact a hashrate migration could have on Texas’ unreliable electricity market, as an increasing number of dislocated miners eye the Lone Star State….
“# ‘Bitcoin is not an asset that is designed to be leveraged’ says Caitlin Long ” All eyes are on Bitcoin (BTC), as the largest cryptocurrency shot up past $40,000 on June 14. Unsurprisingly, the price increase happened shortly after Tesla CEO Elon Musk tweeted that the electric-car company would potentially accept BTC payments once…
“# Bill banning crypto mining for 3 years dies in NY state assembly ” A bill which would have required miners in New York to halt operations for three years as part of an apparent effort to slow the environmental impact of crypto has been defeated in the state legislature. New York Senate Bill 6486…
“# Bitcoin Mining Council unveils details, confirms Elon Musk has ‘no role’ ” The Bitcoin Mining Council made a formal debut on Thursday as the debate regarding the environmental impact of the digital asset intensifies. The Bitcoin Mining Council describes itself as a “voluntary and open forum of Bitcoin miners committed to the network and…
“# Bitcoin miner Luxor eyes North American expansion with $5M funding round ” Seattle-based mining software company Luxor has closed a Series A funding round led by institutional Bitcoin technology and financial services firm NYDIG. Luxor announced the $5 million funding round on June 9, adding that NYDIG will collaborate with Luxor on a number…