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“# Crypto industry brass explains harnessing renewable energy could help BTC miners ” The energy consumed by mining — the process that keeps Bitcoin’s blockchain running — has been an increasingly popular topic of discussion in recent weeks. On Friday, CNBC posted an interview with SUKU CEO Yonathan Lapchik, during which he explained the Bitcoin…
“# Turkish customs confiscate over 500 smuggled Bitcoin mining rigs ” Turkish customs enforcements brought down an illegal smuggling operation in what is said to be a record bust against illegal Bitcoin (BTC) mining equipment in the country. After receiving a tip, Turkey’s Customs Protection’s anti-smuggling and intelligence teams raided a warehouse earlier this week…
“# Elon Musk loses $20B since SNL, as Michael Saylor comes out firing ” Elon Musk has reportedly lost $20 billion since his May 8 appearance on Saturday Night live, as the news of Tesla halting BTC payments for cars continues to send shockwaves across markets. On May 7, the day before Musk made his…
“# 3 reasons why Bitcoin doesn’t care about Elon Musk ” Bitcoin (BTC) dived 17% when Tesla CEO Elon Musk criticized its energy consumption — but it’s already bouncing back. On May 13, fresh from its dip to $45,60, BTC/USD is trading above $51,000, having regained over half its lost ground. With the drama still…
“# HIVE Blockchain sells Norwegian data mining center, citing loss of government subsidies ” Crypto mining firm HIVE Blockchain Technologies has sold one of its data centers in the Norwegian municipality of Narvik held since 2018. In an announcement today, HIVE said it had transferred all shares of the firm’s local subsidiary Kolos Norway AS…
“# Canadian Bitcoin ETF issuer seeks ‘green BTC’ ” Ninepoint Partners LP, one of Canada’s Bitcoin (BTC) exchange-traded fund issuers, has announced plans to offset the carbon footprint of its BTC ETF product. According to a release issued on Monday, Ninepoint has inked a partnership with carbon offsetting service provider CarbonX. As part of the…
“# Bitcoin miners’ revenue rebounds to $60M per day — Is the bull run about to resume? ” Bitcoin (BTC) miners collected $60 million on a thirty-day average timeframe as of May 5, showing the first signs of recovery after last month’s severe revenue drop that followed mass miner outages in China’s energy-rich provinces. In…
“# New York bill proposes to ban crypto mining for 3 years over carbon concerns ” Crypto miners in New York may be subject to a forced three-year hiatus if the latest environmentally-focused bill passes in the state senate. The New York Senate Bill 6486 was proposed by Democrat senator Kevin S. Parker, the Chairman…
“# Almost half of Bitcoin hash rate signaling for Taproot activation ” The road to the Taproot upgrade finally coming in 2021 is already underway, with major Bitcoin (BTC) mining pools already signaling support. According to data from Taproot.watch, a webpage created by Bitcoin developer Hampus Sjöberg, Taproot signaling now accounts for about 44% of…
“# Blockcap plans to have 50K Bitcoin miners operational by 2023 ” One of the largest crypto mining firms in North America said that it has acquired an additional 8,000 rigs and begun mining other cryptocurrencies. In an announcement from Blockcap today, the mining firm said it planned to have more than 50,000 mining rigs…