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” Exxon Mobil is using excess natural gas to power crypto mining: Report “ United States-based energy producer Exxon Mobil has reportedly been running a pilot program aimed at using the energy from excess gas to power crypto mining rigs — and it may be expanding its operations to four other countries. In a Thursday…
” US Bitcoin mining firm turns to harmful coal waste for cleaner energy “ Stronghold Digital Mining (SDIG), a crypto mining company in Pennsylvania, is turning waste from old power plants into energy to power hundreds of Bitcoin mining rigs. The company collects coal refuse, a leftover waste material from the process of coal mining,…
” Bitcoin hash rate may see ‘small capitulation’ with difficulty set for new all-time high “ Bitcoin (BTC) set a new all-time high for hash rate last week, but opinions are divided as to whether the uptrend can continue. In a Twitter debate on March 21, Preston Pysh, host of The Investor‘s Podcast, eyed changing…
” EU vote on Bitcoin mining: What does it mean for the industry? “ Proof-of-work (PoW) crypto mining won’t be banned in the European Union — not this year at least. That’s the conclusion from last week’s closely watched committee vote in the European Parliament (EP). A last-minute amendment presented by an ad hoc coalition…
” Bitcoin beats owning COIN stock by 20% since Coinbase IPO “ Buying a Coinbase stock (COIN) to gain indirect exposure in the Bitcoin (BTC) market has been a bad strategy so far compared to simply holding BTC. Notably, COIN is down by nearly 50% to almost $186, if measured from the opening rate on…
” Bitcoin rally hopes diminish as pro traders flip bearish, retail interest at 12-month lows “ Bitcoin (BTC) has been trapped in a symmetrical triangle for 56 days and the trend change could last until early May, according to price technicals. Currently, the support level stands at $38,000, while the triangle resistance for daily close…
” Stranded no more? Bitcoin miners could help solve Big Oil’s gas problem “ The energy usage and environmental impact of Bitcoin (BTC) mining have been frowned upon and been under the scanner by various international financial institutions. The International Monetary Fund (IMF) mentions how Bitcoin mining consumes “vast amounts of computing power and electricity.”…
” Crypto miner Hut 8 posts record revenue as BTC holdings surge 100% “ Canadian cryptocurrency miner Hut 8 posted mixed financial results on Thursday, as revenue and mining profitability soared while overall net income declined — underscoring a volatile end to the year for Bitcoin (BTC) and the broader digital asset market. The Toronto-based…
” Truth or fiction? Popular former hacker claims to have $7B in BTC “ A former blackhat hacker who goes by the name Gummo online claims to have amassed around $7 billion worth of Bitcoin (BTC). Despite a flood of positive comments and posts relating to his interviews with the Soft White Underbelly YouTube channel…
” Over 100 illegal mining farms were shut down in enforcement raids in Kazakhstan “ The Financial Monitoring Agency of the Republic of Kazakhstan reported earlier on Tuesday that 55 illegal mining farms “voluntarily stopped their operation” due to an enforcement campaign by the regulator, and another 51 entities’ operations “were terminated.” The enforcement operation…