Mining

China’s Coal Standoff Causes Power Shortages, Chinese Bitcoin Miners ‘Heavily Affected’

<div class=”featured_image_container”> </div> <strong>Regional reports from China detail that bitcoin miners located in certain areas in South China are running short on electricity. The country has been having massive issues with coal prices soaring across the mainland, as the Chinese government hasn’t been allowing coal carriers into ports. Because of the sweeping electrical shortages, mining …

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Top crypto mining hardware to expect in 2021

At the beginning of this unusual and sometimes difficult year, the cryptocurrency world reminisced about the crypto mining boom and whether it was now over. But soon, the fears were washed away as large companies registered on Nasdaq expressed clear interest in mining Bitcoin (BTC) for additional earnings. It has been said more than once …

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Organizations File Lawsuit Against New York Town to Prevent Bitcoin Mining Facility Expansion

<div class=”featured_image_container”> </div> <strong>Organizations led by an environmental organization filed a lawsuit against the U.S. town Torrey in New York for giving the green light to expand a bitcoin mining facility at the Greenidge Generation power plant.</strong> Environmental Organization Leads Lawsuit Against New York Town for Approving Plan to Expand BTC Mining Facility Per court …

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Despite Bitcoin’s Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than Usual

<div class=”featured_image_container”> </div> <strong>The cryptocurrency economy has been higher in value than ever before as bitcoin has touched an all-time price high at $24,298 per unit. Regardless of the all-time price highs, the world’s bitcoin miners are not spending more bitcoin than usual according to onchain statistics. Bitcoin miner outflow has been higher during the …

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Core Scientific Buys Over 58,000 Bitmain S19 Antminers to Expand Its Hosting Fleet in North America

<div class=”featured_image_container”> </div> <strong>A major North American blockchain hosting provider announced its expansion by ordering over 58,000 additional S19 Series Antminers, as part of an agreement arranged with the Chinese mining hardware manufacturer.</strong> US Contract Miner Core Scientific Arranges Purchase of Over 58,000 Bitmain S19 Antminers According to the announcement, Bitmain’s deal expects to facilitate …

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The Advantages of Joining the Mining City Community

<div class=”featured_image_container”> </div> <strong>This article explains the characteristics of the network marketing community based on Mining City and answers one not so simple question – why do most people fail in Multi-Level Marketing?<br></strong> What Google Won’t Tell You About Mining City Network marketing – also known as Multi-Level Marketing (MLM) – is the fastest growing …

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Mining Rig Makers Race to Create Next-Gen Ethereum Miner Before Staking-Only Kicks In

<div class=”featured_image_container”> </div> <strong>The Ethereum network’s 2.0 transition has pushed the protocol to become one of the largest staking networks in the world with 1,683,905 ether locked into the contract worth $1 billion today. According to reports from China, while proof-of-work ethereum miners have two years left to mine the leading crypto asset, ten Chinese …

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Genesis Mining Is Converting Excess Bitcoin Datacenter Heat Into Greenhouse Power in Sweden

<div class=”featured_image_container”> </div> <strong>One of the largest bitcoin mining operations in the world, Genesis Mining, has been working on an experiment with Systemair, Lulea Technical University, Research Institute of Sweden, and the local Boden municipality. The teams in Sweden are developing a system that converts excess heat from Genesis’s bitcoin mining to power greenhouse operations.</strong> …

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Bitcoin Mining Rig Prices up 35% Since Start of November — Shortages Force Miners to Turn to Secondary Market

2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing Cryptocurrencies Digital currency markets have climbed significantly in value all year long, despite the gloomy global economy and the aftermath of Covid-19 responses. Bitcoin prices have been hovering at values not seen since 2017, and the top crypto asset in terms … read more. …

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Bulgarian Electricity Company Unveils Details of Historic Power Theft Linked to Illegal Bitcoin Mining

2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing Cryptocurrencies Digital currency markets have climbed significantly in value all year long, despite the gloomy global economy and the aftermath of Covid-19 responses. Bitcoin prices have been hovering at values not seen since 2017, and the top crypto asset in terms … read more. …

Bulgarian Electricity Company Unveils Details of Historic Power Theft Linked to Illegal Bitcoin Mining Read More »