Bitcoin Mining

A single Bitcoin transaction could use the same amount of clean water needed to fill a garden swimming pool, according to a new study on the world's most popular cryptocurrency.

The value of top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered said on Monday, predicting the recent jump in its price could encourage bitcoin "miners" to hoard more of the supply.

Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...

The US is mulling on imposing a punitive tax on companies and individuals indulging in crypto mining in the country. Soon, the US could ask crypto miners to pay a tax equal to 30 percent of the total energy cost that they consume in mining cryptocurrencies.

Jack Dorsey is looking to introduce an application-specific integrated circuit (ASIC) to facilitate Bitcoin mining. This Bitcoin mining chip will be accessible by individual miners as well as new BTC mining firms, taking this facility out from the hands of a bunch of established Bitcoin mining firms.

The Enforcement Directorate (ED) on Monday conducted raids on firms connected with the HPZ Token, an app-based token that promised users significant gains by investing in mining machines for Bitcoin and other cryptocurrencies. Raids were conducted in Gurugram, Mumbai, and Bengaluru, and the ED announced that it had frozen Rs. 92 crore on Monday.

Intel on Tuesday announced it has discontinued production of its bitcoin mining chip series. The company has stopped making its Intel Blockscale 1000 Series ASIC, just a year after it was introduced, but says it will continue to support customers.

Jaran Mellerud, a BTC mining researcher from Arcane Research has called Iceland the most ‘stable’ BTC mining region in the world. The European nation that offers electricity at pocket-friendly prices, has a favourable climate to produce natural cooling for BTC mining operations. The BTC mining industry in Iceland contributes 1.3 percent of the ...

Episode 2 of the US animated hits' 34th season included the line: "Behold the wonders of China. Bitcoin mines, forced labour camps where children make smartphones, and romance."

Argo Blockchain is under several debts. Amid the ongoing crypto slump, the company has officially sold off its Texas-based mining facility to Galaxy Digital Holdings, a crypto-focussed fintech firm. The company will be using the funds from this sale to initiate and complete the repayments of the pending loans.

A greenhouse near Amsterdam is using solar energy to mine Bitcoin, while using the heat generated from the miners to grow tulips. The system helps cut the reliance on gas, as prices increased after Russia's invasion of Ukraine. The greenhouse is also selling tulips online for bitcoin via a business called Bitcoinbloem.

Jack Dorsey’s digital payments firm Block has added funding to help an East African Bitcoin mining company, Gridless, to expand its green operations. Operating on small scale energy grids in the rural parts of Africa, Gridless is backed on renewable energy.

Founders of the Bitcoin cloud miner platform HashFlare were arrested in Estonia this week for alleged wire fraud and money laundering. Sergei Potapenko and Ivan Turõgin, the creators behind HashFlare, were charged by the US District Court in Seattle for reportedly running a cryptocurrency fraud scheme and scamming investors.

Bitcoin mining has hit a new record in the aftermath of the Ethereum Merge, the technical upgrade that replaced as many as one million powerful computers with Ether holders to validate transaction data encrypted by the network and reduce its carbon footprint by 99 percent. Meanwhile, mining difficulty, a measure of Bitcoin miners’ computing power...

Between 2016 and 2021, the amount of emissions needed to produce one coin grew from less than a tonne to 113 tonnes.

A single Bitcoin transaction could use the same amount of clean water needed to fill a garden swimming pool, according to a new study on the world's most popular cryptocurrency.

The value of top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered said on Monday, predicting the recent jump in its price could encourage bitcoin "miners" to hoard more of the supply.

Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...

The US is mulling on imposing a punitive tax on companies and individuals indulging in crypto mining in the country. Soon, the US could ask crypto miners to pay a tax equal to 30 percent of the total energy cost that they consume in mining cryptocurrencies.

Jack Dorsey is looking to introduce an application-specific integrated circuit (ASIC) to facilitate Bitcoin mining. This Bitcoin mining chip will be accessible by individual miners as well as new BTC mining firms, taking this facility out from the hands of a bunch of established Bitcoin mining firms.

The Enforcement Directorate (ED) on Monday conducted raids on firms connected with the HPZ Token, an app-based token that promised users significant gains by investing in mining machines for Bitcoin and other cryptocurrencies. Raids were conducted in Gurugram, Mumbai, and Bengaluru, and the ED announced that it had frozen Rs. 92 crore on Monday.

Intel on Tuesday announced it has discontinued production of its bitcoin mining chip series. The company has stopped making its Intel Blockscale 1000 Series ASIC, just a year after it was introduced, but says it will continue to support customers.

Jaran Mellerud, a BTC mining researcher from Arcane Research has called Iceland the most ‘stable’ BTC mining region in the world. The European nation that offers electricity at pocket-friendly prices, has a favourable climate to produce natural cooling for BTC mining operations. The BTC mining industry in Iceland contributes 1.3 percent of the ...

Episode 2 of the US animated hits' 34th season included the line: "Behold the wonders of China. Bitcoin mines, forced labour camps where children make smartphones, and romance."

Argo Blockchain is under several debts. Amid the ongoing crypto slump, the company has officially sold off its Texas-based mining facility to Galaxy Digital Holdings, a crypto-focussed fintech firm. The company will be using the funds from this sale to initiate and complete the repayments of the pending loans.

A greenhouse near Amsterdam is using solar energy to mine Bitcoin, while using the heat generated from the miners to grow tulips. The system helps cut the reliance on gas, as prices increased after Russia's invasion of Ukraine. The greenhouse is also selling tulips online for bitcoin via a business called Bitcoinbloem.

Jack Dorsey’s digital payments firm Block has added funding to help an East African Bitcoin mining company, Gridless, to expand its green operations. Operating on small scale energy grids in the rural parts of Africa, Gridless is backed on renewable energy.

Founders of the Bitcoin cloud miner platform HashFlare were arrested in Estonia this week for alleged wire fraud and money laundering. Sergei Potapenko and Ivan Turõgin, the creators behind HashFlare, were charged by the US District Court in Seattle for reportedly running a cryptocurrency fraud scheme and scamming investors.

Bitcoin mining has hit a new record in the aftermath of the Ethereum Merge, the technical upgrade that replaced as many as one million powerful computers with Ether holders to validate transaction data encrypted by the network and reduce its carbon footprint by 99 percent. Meanwhile, mining difficulty, a measure of Bitcoin miners’ computing power...

Between 2016 and 2021, the amount of emissions needed to produce one coin grew from less than a tonne to 113 tonnes.