Tagged: bitcoin mining

Meltem Demirors from CoinShares Explains why their Company Invested in Bitcoin Mining Firm MintGreen

Meltem Demirors, Chief Strategy Officer at European digital asset manager CoinShares, recently revealed that she’s excited to share that CoinShares Ventures has made a strategic  investment in MintGreen, a CleanTech firm that uses Bitcoin or BTC mining to monetize heat generation. Demirors explains that MintGreen… Read More

Bitcoin Miners Continue to Move Mining Facilities to Texas as Crypto and Blockchain Sector Gets Larger in Unprecedented Bull Market

Bitcoin miners continue to move to Texas as the leading digital currency recently surpassed the $60,000 mark (and had also crossed $61,000 on March 14, 2021). Recently, Argo Blockchain confirmed its purchase of 320 acres of land located in West Texas. Argo said it would… Read More

Global Digital Asset Fintech BitOoda Confirms Bitcoin Mining Revenue Surged along with BTC Price this Week

The team at BitOoda, a global digital asset financial technology and services platform providing “next-gen” risk management solutions, “best-execution” brokerage and expert market analysis, has published their Weekly Hash (3/8/21) Report. The report covers custody battles that are heating up in the crypto space, along… Read More

Iran Is Reportedly Planning to Bypass International Sanctions by Engaging in Bitcoin Mining and BTC Transactions

Iran’s Presidential Center for Strategic Studies, which is a thinktank that is attached with President Rouhani’s office, has released an extensive report which emphasizes the need for the so-called rogue State to use decentralized cryptocurrencies to generate additional revenue. Extracting these virtual currencies, the report… Read More

Tesla’s $1.5B Bitcoin Purchase Reignited Mainstream Media Narrative that BTC Mining Is a Major Environmental Hazard: Report

Tesla Inc’s recent Bitcoin investment has “reignited” mining FUD, according to Compass, a “Bitcoin-first” company that aims to support the “decentralized” growth of hashrate and “strengthen network security” by helping people learn, explore and mine Bitcoin. Compass notes that by dropping $1.5 billion into BTC,… Read More

Bitcoin Mining Industry Updates: Better Reporting Metrics like Hashrate Under Management Needed, Jihan Wu Finally Leaves Bitmain

Crypto billionaire Jihan Wu recently announced his departure from Bitmain, one of the world’s leading Bitcoin mining firms. Bitmain co-founder Micree Zhan has also managed to regain control of the leading Bitcoin mining conglomerate after fellow co-founder Wu tweeted a “coded” message explaining the “end… Read More

Fraudster in Jail for Mining Bitcoin via Malicious Software, but Authorities can’t Access his €50M BTC Stash because he Won’t Share Password

Authorities in Germany have reportedly “confiscated” over €50 million in Bitcoin (BTC) from a fraudster. But there’s just one problem. The officials are unable to unlock the account because the fraudster won’t give them the password or the SEED phrase needed to gain access to… Read More

Bitcoin (BTC) Mining Is A “Dirty Business” because it Wastes Massive Amounts of Energy, Industry Analyst Argues

Institutional investors have been gaining more exposure to alternative assets such as Bitcoin — particularly large hedge funds. These clients are now willing to aggressively promote or defend Bitcoin’s (BTC) unpredictable and wild price fluctuations. Large publicly listed firms such as MicroStrategy believe or claim… Read More

Bitcoin Mining Firm HASHR8 Says US and other First World Nations Might Make Crypto Mining “A Strategy to Maintain Power”

John Lee Quigley, who’s focused on building Bitcoin media and research products at HASHR8 Inc, a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of blockchains,… Read More

Bitcoin Mining Is to Blame, at least Partially, for Massive Blackouts in Iran, the Nation’s Government Claims

There have reportedly been massive blackouts and smog that have hit several cities in Iran. It’s being described as quite a toxic mix as the nation, which is facing serious economic challenges and crippling US-led sanctions, is now also having to deal with the region’s… Read More

Shares of Bitcoin Mining Firm Marathon Patent Group Surged 20% on Wednesday, Company Joins Billion-Dollar Crypto Mining Group

Shares of digital currency mining firm Marathon Patent Group (NASDAQ: MARA) surged approximately 20% on Wednesday (January 6, 2021). This led to the firm becoming the latest member of the $1 billion digital-mining group, as the Bitcoin (BTC) price surpassed the $37,000 mark to hit… Read More

Bitcoin (BTC) and Ethereum (ETH) Mining Firm Riot Blockchain Stock has Surged Nearly 1,500% During 2020

As the Bitcoin (BTC) price continues to set new all-time highs (now approaching nearly $30,000), Riot Blockchain’s (NASDAQ:RIOT) stock surged almost 1,500% in 2020. There were very few assets in 2020 that outperformed Bitcoin, however, the shares of Riot have been rising along with Ethereum… Read More

Bitcoin Mining Might be a Profitable Business in Kazakhstan As Miners May be Within Lowest 5% of Electricity Rates Globally: Report

The team at HASHR8 Inc., a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of blockchains, have released their second installment of the Bitcoin Mining Index…. Read More

Bitcoin Analyst Argues that BTC Mining Is Not Wasteful, but Rather an Efficient Process to Secure a Highly Valuable Network

As Bitcoin (BTC) continues to set new highs, it became clear to many people that the digital asset could serve as a hedge against the traditional financial system. This year, many well-known investors, including Stanley Druckenmiller (a hedge fund manager with a net worth of… Read More

Bitcoin Reaches $24,000 as Institutional Adoption Continues, Raoul Pal Predicts $1 Million Per Coin in 5 Years

Bitcoin (BTC), the leading cryptocurrency, has entered uncharted territory. The digital asset recently managed to break record highs by surpassing the $24,000 mark. Bitcoin is trading at just below $24,000 at the time of writing. John Lee Quigley, who’s focused on building Bitcoin media and… Read More

Meltem Demirors, CSO at CoinShares, Explains how Mining Secures the Bitcoin Network, which Secures Financial Information

Meltem Demirors, the Chief Strategy Officer at CoinShares, a digital asset management firm, has argued that “as evidenced by the recent corruption of all US systems, from the government to corporate, securing networks is very difficult to do persistently.” 1/ as evidenced by the recent… Read More

Bitcoin (BTC) Mining Hardware Market Is Heating Up and Secondary Market Prices for Machines May Rise: Report

The Bitcoin (BTC) mining machine market is heating up, according to the team at HASHR8 Inc, a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of… Read More

Russia’s Bitcoin Mining Facilities are Mostly in Siberia, Energy Surplus Allows BTC Miners to Secure Competitive Electricity Rates: Report

The team at HASHR8 Inc., a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of blockchains, has published a report titled, The State of Bitcoin Mining… Read More

Bitcoin Mining Difficulty Approaches All-Time Highs, as Number of BTC Addresses with 1 or More Coins Keeps Rising

Bitcoin (BTC) mining difficulty, which aims to measure the amount of resources needed to compete for mining newly minted BTC, had increased by around 9% in the past 24 hours (at the time of writing). According to data from Glassnode, an on-chain market analysis provider,… Read More

Bitcoin (BTC) Miners Profitability Further Improved due to Lower Mining Difficulty Level: Report

The Antminer S19 Pro price has surged around 30% since October 2020 after the Bitcoin (BTC) price began to rise. As confirmed by the HASHR8 team, the Bitcoin price increases have “widened profit margins for miners but capital expenditure costs are also rising.” John Lee… Read More

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