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Bitcoin News

Saudi Aramco Refutes Bitcoin Mining Claims, Calls it “False & Inaccurate”

The Multi-Billion-Dollar Saudi Arabian Oil Company, Saudi Aramco has debunked Bitcoin (BTC) mining rumors in the country. The news of the world’s largest oil producers gravitating towards the crypto sphere started floating over the weekend. Saudi Aramco is one of the top three oil-producing giants whose names were attached to crypto news. However, one of

The Multi-Billion-Dollar Saudi Arabian Oil Company, Saudi Aramco has debunked Bitcoin (BTC) mining rumors in the country. The news of the world’s largest oil producers gravitating towards the crypto sphere started floating over the weekend. Saudi Aramco is one of the top three oil-producing giants whose names were attached to crypto news. However, one of

Bitcoin News
Bitcoin News

Bitcoin (BTC) Miner’s Revenue See a 16% Jump From June

Bitcoin network’s mining hashrate has started to recover, seeing a continuous flow of over 110 THs over the past month. The network hashrate took a massive hit in May and June when the Chinese crypto crackdown was at its peak. However, now that miners from China have started to mine again outside the country, the

Bitcoin network’s mining hashrate has started to recover, seeing a continuous flow of over 110 THs over the past month. The network hashrate took a massive hit in May and June when the Chinese crypto crackdown was at its peak. However, now that miners from China have started to mine again outside the country, the

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Bitcoin News
Bitcoin-mining-selling
Bitcoin News

Are World’s Largest Oil Producing Companies Diving into Bitcoin Mining?

The latest report in the market is that the world’s largest oil-producing companies are mulling to join the Bitcoin mining market. On Sunday, August 1, TrustNodes first reported that oil-producing companies are working out a way to use the gas byproduct in Bitcoin mining activities. Thus, productively using the gas will also help in reducing

The latest report in the market is that the world’s largest oil-producing companies are mulling to join the Bitcoin mining market. On Sunday, August 1, TrustNodes first reported that oil-producing companies are working out a way to use the gas byproduct in Bitcoin mining activities. Thus, productively using the gas will also help in reducing

Bitcoin News
Bitcoin News

Abkhazia in talks with Russia to supply energy for Bitcoin (BTC) mining

The South Caucasus state, Abkhazia revealed that it has been in talks with the Russian government to provide energy for relaunching Bitcoin (BTC) mining in the state. Abkhazia’s Minister of Economy and Deputy Prime Minister, Christina Ozgan spoke at a briefing on Wednesday, about the situation in the energy sector, the measures implemented by the

The South Caucasus state, Abkhazia revealed that it has been in talks with the Russian government to provide energy for relaunching Bitcoin (BTC) mining in the state. Abkhazia’s Minister of Economy and Deputy Prime Minister, Christina Ozgan spoke at a briefing on Wednesday, about the situation in the energy sector, the measures implemented by the

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Bitcoin News
Bitcoin-mining-selling
Bitcoin News

Just-In: Renewable Bitcoin Mining Firm Iris Seeks $200M in New Funding Round

Iris Energy Pty, a Sydney-based renewable Bitcoin mining firm is looking to raise additional capital before making its debut on Nasdaq. The mining firm was reportedly approached by several blank check companies for SPAC listings, however, the firm turned down those offers as it plans for a direct private listing. The firm said at the

Iris Energy Pty, a Sydney-based renewable Bitcoin mining firm is looking to raise additional capital before making its debut on Nasdaq. The mining firm was reportedly approached by several blank check companies for SPAC listings, however, the firm turned down those offers as it plans for a direct private listing. The firm said at the

Bitcoin News
Bitcoin News

China Loses Grip on BTC Mining, Kazakhstan Rises Up the Ranks

The Chinese crackdown on crypto mining had a drastic impact on the Bitcoin network’s hashrate input. A recent study conducted by Cambridge Centre for Alternative Finance (CCAF) highlighted that China started seeing a drop in Bitcoin mining share even before the recent crackdown began. As per data, the mining share of China had already fallen

The Chinese crackdown on crypto mining had a drastic impact on the Bitcoin network’s hashrate input. A recent study conducted by Cambridge Centre for Alternative Finance (CCAF) highlighted that China started seeing a drop in Bitcoin mining share even before the recent crackdown began. As per data, the mining share of China had already fallen

Bitcoin News
Bitcoin News

Ukraine shuts down largest illegal crypto mining farm

After the Chernihiv Oblast, Ukraine has closed another illegal cryptocurrency mining farm in the city of Vinnytsia near Kyiv. The underground mining facility is said to be the largest in the country wherein 5000 computers, 50 processors, 500 graphic cards and 3800 PS 4 consoles were being used. The Ukrainian Security Service estimates that as much

After the Chernihiv Oblast, Ukraine has closed another illegal cryptocurrency mining farm in the city of Vinnytsia near Kyiv. The underground mining facility is said to be the largest in the country wherein 5000 computers, 50 processors, 500 graphic cards and 3800 PS 4 consoles were being used. The Ukrainian Security Service estimates that as much

Bitcoin News
Bitcoin News

Bitcoin Mining Saves Oldest Hydro Power Station in the US

The age-old Mechanicville hydro plant built-in 1897, became a legendary milestone in the history of sustainable energy after starting Bitcoin mining. The hydro plant was inactive for a while now due to old machinery. After generous input of time, money, and other resources, the plant is officially in a condition to function.  Mechanicville hydro plant

The age-old Mechanicville hydro plant built-in 1897, became a legendary milestone in the history of sustainable energy after starting Bitcoin mining. The hydro plant was inactive for a while now due to old machinery. After generous input of time, money, and other resources, the plant is officially in a condition to function.  Mechanicville hydro plant

Bitcoin News
Bitcoin News

Iran’s illegal Crypto Mining Problem Intensifies, Country Sees Widespread Protest

Iran’s power outage protests have gone rogue amid a severe heatwave in the nation. The capital, Tehran, and several other cities in the north of Iran face disrupted routine and shortage of necessities during the historic power cut throughout the nation. Pressurized authorities have blamed illegal Cryptocurrency mining farms, for using the remaining energy to

Iran’s power outage protests have gone rogue amid a severe heatwave in the nation. The capital, Tehran, and several other cities in the north of Iran face disrupted routine and shortage of necessities during the historic power cut throughout the nation. Pressurized authorities have blamed illegal Cryptocurrency mining farms, for using the remaining energy to

Bitcoin News
Bitcoin News

China: Hydropower Plants Up For Sale As Crypto Miners Rush to Leave China

Chinese online second-hand market is now seeing a surge in small hydropower plant listing over the past couple of weeks as crypto miners rush to leave the country.  As per a report in SCMP owners of these small hydropower plants are selling their stations in light of depleting demand for Bitcoin mining energy supply in

Chinese online second-hand market is now seeing a surge in small hydropower plant listing over the past couple of weeks as crypto miners rush to leave the country.  As per a report in SCMP owners of these small hydropower plants are selling their stations in light of depleting demand for Bitcoin mining energy supply in

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Bitcoin News
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Bitcoin News

Bitcoin Block Interval Reaches 11-Year High Amid Declining Hashrate

Bitcoin network hashrate is on a continuous decline ever since the Chinese crackdown on mining led to numerous mining farms shut their operation and relocate. China accounted for more than 60% of the total Bitcoin network hashrate input, and the closure of Chinese mining farms has led to hashrate falling to one-third from its all-time-high.

Bitcoin network hashrate is on a continuous decline ever since the Chinese crackdown on mining led to numerous mining farms shut their operation and relocate. China accounted for more than 60% of the total Bitcoin network hashrate input, and the closure of Chinese mining farms has led to hashrate falling to one-third from its all-time-high.

Bitcoin News
Bitcoin News

Will Elon Musk Take the Jack Dorsey Challenge to Discuss Bitcoin Adoption by Institutions?

A new war of words has triggered on Twitter between the two business tycoons Elon Musk and Jack Dorsey, who are currently in opposite camps with their views on Bitcoin. Earlier on Thursday, June 24, Dorsey announced “The B Word” community to expand the Bitcoin development and push further its use among institutions and companies.

A new war of words has triggered on Twitter between the two business tycoons Elon Musk and Jack Dorsey, who are currently in opposite camps with their views on Bitcoin. Earlier on Thursday, June 24, Dorsey announced “The B Word” community to expand the Bitcoin development and push further its use among institutions and companies.

Bitcoin News
Bitcoin News

El Salvador President Gives a Sneak Peek of the Volcanic Bitcoin Mining Set Up

Nayib Bukele, the President of El Salvador took to Twitter to give a sneak peek into the upcoming Bitcoin mining setup that will be powered by volcanos. Salvador became the first country in the world to make Bitcoin a legal tender earlier this month. The Bitcoin bill was passed by the country’s congress with a

Nayib Bukele, the President of El Salvador took to Twitter to give a sneak peek into the upcoming Bitcoin mining setup that will be powered by volcanos. Salvador became the first country in the world to make Bitcoin a legal tender earlier this month. The Bitcoin bill was passed by the country’s congress with a

Blockchain News
Blockchain News

Just-In: Hut 8 Mining to go Live on Nasdaq This Week

Hut 8 Mining, the largest North American crypto mining company is all set to debut on Nasdaq later this week. The firm’s stock would be listed on Nasdaq Select Market. The firm holds one of the highest installed capacity rates in the industry and is a global leader in held, self-mined Bitcoin of any crypto

Hut 8 Mining, the largest North American crypto mining company is all set to debut on Nasdaq later this week. The firm’s stock would be listed on Nasdaq Select Market. The firm holds one of the highest installed capacity rates in the industry and is a global leader in held, self-mined Bitcoin of any crypto

Bitcoin News
Bitcoin News

Max Keiser Suggests El Salvador to Float Bitcoin ‘Volcano Bonds’ to Retire the IMF Loans

Last week, El Salvador passed the historic Bitcoin law making it the first country to make Bitcoin a legal tender. Soon as the Bitcoin law comes into action in the next 90 days, merchants will start accepting it against their goods and services. However, the International Monetary Fund (IMF) raised objections citing legal and economic

Last week, El Salvador passed the historic Bitcoin law making it the first country to make Bitcoin a legal tender. Soon as the Bitcoin law comes into action in the next 90 days, merchants will start accepting it against their goods and services. However, the International Monetary Fund (IMF) raised objections citing legal and economic

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Bitcoin News
china police
Bitcoin News

Report: China’s Xinjiang Region to Suspend Bitcoin Mining

Chinese crackdown on bitcoin mining has reached Xinjiang province, after Inner Mongolia and Sichuan. According to documents being circulated on Weibo, the Development and Reform Commission of the province has asked for the suspension of virtual currency mining in the region. The Google translation of the document read, State leaders have issued instructions to comprehensively

Chinese crackdown on bitcoin mining has reached Xinjiang province, after Inner Mongolia and Sichuan. According to documents being circulated on Weibo, the Development and Reform Commission of the province has asked for the suspension of virtual currency mining in the region. The Google translation of the document read, State leaders have issued instructions to comprehensively

Bitcoin News
Bitcoin News

El Salvador President Talks About Bitcoin Wallet, Mining Using Volcanic Energy and More

El Salvador created history today by becoming the first country to approve Bitcoin as a legal tender. Nayib Bukele, the President of the Central American nation joined a Twitter Space hosted by Nic Carter when the Bitcoin bill was being discussed by the country’s Congress. During his Twitter space discussion, Bukele revealed that the country

El Salvador created history today by becoming the first country to approve Bitcoin as a legal tender. Nayib Bukele, the President of the Central American nation joined a Twitter Space hosted by Nic Carter when the Bitcoin bill was being discussed by the country’s Congress. During his Twitter space discussion, Bukele revealed that the country

Bitcoin News
Bitcoin News

Sichuan Based Chinese Crypto Mining Firms Safe for Now Says Report

The Sichuan province of China which is among the top-3 Bitcoin mining hub had a regulatory meeting over the future of Bitcoin and crypto mining in the region. The regulatory meeting happened on June 2, post the government’s call for a heavy crackdown on Bitcoin mining in the country. Two sources familiar with the matter

The Sichuan province of China which is among the top-3 Bitcoin mining hub had a regulatory meeting over the future of Bitcoin and crypto mining in the region. The regulatory meeting happened on June 2, post the government’s call for a heavy crackdown on Bitcoin mining in the country. Two sources familiar with the matter

Bitcoin BTC mining
Bitcoin News
Bitcoin BTC mining
Bitcoin News

Carbon-Neutral Crypto Mining Picks Up Heat As The9 Acquires Montcrypto

The crypto mining industry is all set for a major change and industry players have already started moving towards carbon-neutral crypto mining options. Nasdaq-listed crypto mining company The9 Limited recently acquired Montcrypto to build a 20MW electricity supply for carbon-neutral crypto mining activity in Canada’s Calgary. Montcrypto’s carbon-neutral infrastructure will facilitate a green electricity supply

The crypto mining industry is all set for a major change and industry players have already started moving towards carbon-neutral crypto mining options. Nasdaq-listed crypto mining company The9 Limited recently acquired Montcrypto to build a 20MW electricity supply for carbon-neutral crypto mining activity in Canada’s Calgary. Montcrypto’s carbon-neutral infrastructure will facilitate a green electricity supply

Bitcoin News
Bitcoin News

Canaan Asks Chinese Authorities to Reconsider Clean Energy Bitcoin Mining Operations

China’s biggest mining rig manufacturer Canaan has appealed to Chinese authorities to reconsider its indiscriminate ban on crypto mining activities in the country. Last month, China’s State Council announced a ban on Bitcoin and crypto mining operations leading to a major downfall in the crypto market. China has been one of the biggest destinations controlling

China’s biggest mining rig manufacturer Canaan has appealed to Chinese authorities to reconsider its indiscriminate ban on crypto mining activities in the country. Last month, China’s State Council announced a ban on Bitcoin and crypto mining operations leading to a major downfall in the crypto market. China has been one of the biggest destinations controlling