#bitcoin mining

American Bitcoin (ABTC), the bitcoin BTC$67,926.24 mining company backed by the family of President Donald Trump, said it lost $59 million in the fourth quarter as the plummeting price of the largest cryptocurrency eroded the value of its h

Pow.re Holdings Limited, a crypto mining company, claims that the company announced it had started building two new mining facilities in Asunción, Paraguay. The new data centers will control 12 MW of hydroelectric power, and the company has

Gridless, a Kenyan bitcoin mining company, recently disclosed how it is assisting local communities in lowering electricity costs by mining bitcoin with surplus power. The Gridless mining model has received praise because it may contribute

Progress toward the subsequent halving of the Bitcoin block reward has surpassed 60%, according to countdown statistics based on the typical block generation time of about ten minutes. Although the majority of halving countdown clocks use t

The environmental impact of bitcoin mining has become a hot topic in recent months, with climate activists claiming that proof-of-work (PoW) mining is too energy-intensive. However, according to a recent report by ESG analyst Daniel Batten,

Twenty-three US lawmakers have asked the EPA to increase oversight of cryptocurrency's environmental impacts. They said, "We request that the EPA evaluate the compliance of 'Proof-of-Work' mining facilities with environmental statutes." Law

Peter Thiel, the billionaire co-founder of PayPal, believes that critics of bitcoin are "underestimating" the cryptocurrency. In remarks made on the third day of the Financial Investment Initiative summit in Saudi Arabia, Thiel said that wh

According to an article published by Business Insider , Dutch bank ING recently published a study suggesting that bitcoin mining consumes too much electricity. The report claims that a single bitcoin transaction consumes as much electricity

Frank Giustra, a well regarded Canadian mining magnate who created one of the world’s most successful mining companies is now moving his operation digitally to mine Cryptocurrency. Giustra has backed a Blockchain technology company called H

Members of the Seoul Bitcoin Meetup have released a formal statement opposing November’s SegWit2x Bitcoin hard fork. A copy of the open letter uploaded to Medium Thursday confirms the “staunch opposition” of the group, the largest in South

Alexander Drozdenko, governor of the Leningrad region in Russia, issued a general invitation to miners to use land in the region for mining farms, per 47news.ru. He has offered to utilize the Leningrad Nuclear Power Plant (LNPP) as a space

Russian newspaper Izvestiya has reported that the Russian government intends to subsidize the cost of electricity for cryptocurrency miners. The report indicates that the Russian government, through the Institute for Internet Development (I