In brief Galaxy’s new “sustainability program” will focus on environmental, social and governance issues The move comes at a time of growing scrutiny about the impact of crypto firms...
Tag: Mining
The rise of Bitcoin mining financing
February 3, 2022, 10:32AM EST • 7 min read Quick Take Bitcoin mining’s financing ecosystem has become much more diverse since the last halving in May 2020 and has grown exponentially in 2021. A large ...
Report: Bitcoin mining carbon emissions contribute nearly 0.08% globally
The new CoinShares report underlines the network’s recent carbon emissions, which amount to nearly 0.08% globally, are insignificant numbers compared to emissions released by other industries and doma...
New Report Disproves Widely Held Assumptions About The Impact Of Bitcoin Mining
Bitcoin mining and its environmental impact have been a topic of heated debates both within and outside the crypto space. Mining for the digital asset and other cryptocurrencies are said to be the 33r...
Bitcoin Mining Revenue Plummets To 6-month Low Amid Downtrend
On-chain data shows Bitcoin miner revenues have now declined to six-month lows as the price of the crypto has continued to struggle recently. Bitcoin Miner Revenues Fall To 6-Month Lows As per the lat...
Bitcoin Mining Report Shows Network’s Emissions Account for 0.08% of the World’s CO2 – Mining Bitcoin News
During the last year, Bitcoin — the cryptocurrency network that leverages proof-of-work (PoW) to process transactions and secure the protocol — has received a lot of criticism about its environmental ...
Atlas to Accelerate its Global Expansion Seropositive Growth Outlook for BTC Mining Industry Beyond 2022
SINGAPORE, Jan 18, 2022 — Atlas Technology Management Pte. Ltd (Atlas) theSingapore headquartered technology group and one of the world’s largest companies application specific computing has sai...
New York gubernatorial candidate cans for Bitcoin mining ban
The aspiring governor for the state of New York, Jumaane Williams, has addressed the issue of crypto mining in the state. Williams criticized the lack of regulatory clarity in the market. The US is cu...
Ethereum Mining Difficulty Hits Fresh Peak as ETH Price Continues to Rise
Tomiwabold Olajide Ethereum mining difficulty reaches new peak as ETH price suggests further upside Recent Glassnode data indicates that mining difficulty on the Ethereum network has risen to hit fres...
Bitcoin Mining Carbon Emissions at ‘Inconsequential’ Levels: CoinShares
In brief CoinShares says Bitcoin mining is responsible for less than 0.1% of global carbon emissions. It says “the emission costs of Bitcoin are dwarfed by its benefits.” It’s hard t...
‘No pending legislation’ on crypto mining, says Blockchain Caucus co-chair
“Welcome to being in an industry that has arrived,” Darren Soto tells The Block, chuckling about Congress’s pace. Soto (D-FL), a congressman representing the suburbs of Orlando, is specifically ...
Bitcoin: Carbon emissions of mining ops remain minimal at 0.8% of global share
The rapid expansion of cryptocurrency over the years has been nothing short of stunning. At press time, the crypto market stood just shy of the $1.7 trillion. But the increasing popularity of cryptocu...
New York gubernatorial candidate calls for moratorium on proof-of-work mining
With roughly nine months until major federal and state elections, New York State gubernatorial candidate Jumaane Williams is making crypto mining an issue in his campaign, criticizing the lack of regu...
Bitcoin Mining Ban Proposed by New York Gubernatorial Candidate
Alex Dovbnya Democratic candidate Jumaane Williams has called for imposing a ban on Bitcoin mining Democrat Jumaane Williams, who launched his bid for governor of New York in December, has called for ...
Hayden Schreier CryptoTV founder launches mining series
CryptoTV recently unveiled a new conservative crypto mining series called “How To Earn Passive Income In Crypto”. This series dives deep into the IoT mining space and aims to attract traditionally co...
Texas governor to strengthen power grid with Bitcoin mining
Texas Governor Greg Abbott, according to Bloomberg news, reportedly asked them to help stabilize the state’s power grid last October during a meeting with mining entrepreneurs. His goal would thus be ...
Bitcoin Mining Accounts For 0.08% Of Global CO2 Production, Report Reveals
According to digital investing firm CoinShares, the Bitcoin (BTC) mining network contributed less than 0.08 percent of the world’s total carbon dioxide (CO2) emissions. According to data gathered by t...
Russian Blanket Crypto Ban May now be Limited to PoW Mining Activities
New reports emerging out of Russia now suggest that the Central Bank of Russia (CBR) is looking to amend its proposed plans to enact a blanket bank on digital currencies. Per local news channel, Vc.ru...
US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate Crisis – Mining Bitcoin News
Eight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. “The extraordinarily high ener...
All You Need To Know About Bitcoin Mining with H2Hashes
The word “Mining” in the crypto field is related to the process of mining cryptocurrencies, most often Bitcoin. If you decide to start mining, it is important to understand that in addition to earning...
Key policy issues around crypto mining in the U.S.
On Jan. 27, a group of eight U.S. lawmakers, led by Senator Elizabeth Warren, sent letters to the world’s six largest Bitcoin mining companies, demanding to reveal the detailed data on their electrici...
Will Crypto Mining Survive Another Government Crackdown?…
Crypto mining has been an environmental issue that cant be over looked; World governments have tried to put a lid on it but still have an uphill battle as the popularity of crypto grows. Will crypto ...
Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners ‘Was Pointless’ – Mining Bitcoin News
In mid-May 2021, the American multinational technology company Nvidia Corporation revealed that it added a hashrate limiter to curb the use of cryptocurrency mining with its graphics processing units ...
Lawmakers Pen Probing Letter to Mining Companies
Six Bitcoin mining companies have until Feb. 10, 2021 to answer a letter from senators and representatives pertaining to their energy usage, source, and growth prospects. The desk of Senator Elizabeth...
Crypto mining won’t survive another round of environmental legislation
It was only a matter of time before China slapped a ban on Bitcoin (BTC) mining, trading and crypto services. To do anything with Bitcoin anywhere in the People’s Republic, one needs a special exempti...
Illegal Gold Mining Causes ‘Devastating’ Mercury Pollution In Amazon Rainforest, Study Says
Topline Poorly monitored and often illegal small-scale gold mines have released “devastating” levels of toxic mercury in one of the most protected and biodiverse areas of the Amazon rainforest, threat...
Ethereum Mining Hash Rate Reaches New ATH
The rise of Ethereum over the previous year has made mining on its network more attractive, revealing the network’s hash rate reaching an all-time high. On Friday, Ethereum’s hash rate hit a new ATH o...
Greenidge Crypto Mining Center Heads to South Carolina
Greenidge Generation Holdings – a crypto mining firm in Dresden, New York – says it’s going to invest approximately $264 million to establish a new data center in Spartanburg County in the state of So...
Russia, Putin on Bitcoin mining: “advantageous”- The Cryptonomist
For Russia’s President Vladimir Putin, Bitcoin mining brings competitive advantages. He said this during a video conference with members of the government. Vladimir Putin in support of Bitcoin mining ...
Crypto Mining: Putin Says Russia Has a ‘Competitive Advantage’
It was big news recently when Russia contemplated a ban on cryptocurrency activities in the country. Now President Vladimir Putin is reportedly backing plans for regulating crypto mining in Russia, re...
Caterpillar stock suffers biggest selloff in more than a year as margin, cost disappointments offset big earnings beat
Shares of Caterpillar Inc. took a dive Friday, as surging costs and a disappointing outlook on profit margins overshadowed a big quarterly earnings beat. The construction and mining equipment company ...