Blockscale, Intel’s new Bitcoin (BTC) mining chip was launched on Monday, by the world’s largest semiconductor manufacturer. The application-specific integrated circuit, or ASIC, hardware is intended to function with proof-of-work blockchains that use SHA-256 encryption. According to Intel, Blockscale will have a hash rate of up to 580 gigahash per second (or 0.58 terahash per […]
Tag Archives: Bitcoin Mining
Proof-of-work (PoW) crypto mining will not be prohibited in the European Union, at least not this year. That was the outcome of last week’s widely awaited European Parliament committee decision (EP). An ad hoc alliance of social democrats and Greens proposed a last-minute amendment that would have imposed a de facto prohibition on proof-of-work mining […]
Bitcoin miners in the United States are expecting to double the hash power of their mining operations through 2022. Other global players have been selling their Bitcoin in order to secure cash. Despite Bitcoin’s (BTC) three-month downturn, cryptocurrency mining farms in the United States remain devoted to boosting their capacity with new technology. Marathon Digital […]
Bitcoin, Law, Mining
Tonga is planning to use Bitcoin as legal cash and to mine Bitcoin using volcanoes.
Tonga, a small Pacific island, might recognise Bitcoin as a legal means of trade by the second quarter of 2023. It may also recognise Bitcoin mining by the third quarter of 2023. Lord Fusitu’a, a former Tongan parliamentarian, has revealed a possible timeline for the country’s adoption of Bitcoin. Fusitu’a, a Tongan aristocrat, had previously […]
Bitfury, a blockchain business, has announced the opening of a new crypto-mining data centre in Ontario, Canada. The new mining hub joins the list of existing Canadian locations, which include Drumheller, Alberta, and Medicine Hat, Alberta. Bitfury’s new crypto mining facility in Ontario is anticipated to be operational by the end of this month, with […]
According to Arcane study, Georgia’s small population is a dark horse for Bitcoin mining, accounting for over 1% of the industry’s total hash rate. At first look, the tiny Republic of Georgia seems to be an odd suspect in Bitcoin (BTC) mining operations. Although it is a mining underdog, the nation has ample hydropower and […]
Which countries are the next hotspots for miners, and where can Ether and Bitcoin be mined effectively – and financially — in 2022? One of the major issues in the crypto world in 2021 will be China’s aggressive mining policy, which resulted in a total ban on such activity in September. While mining as a […]
ConocoPhilips, the world’s biggest oil corporation, uses Bitcoin mining to reduce gas flaring emissions.
ConocoPhillips, the international oil and gas conglomerate, is dabbling with Bitcoin (BTC) mining in order to stop the wasteful practice of flaring. According to CNBC, the corporation is now running a trial plan in the oil-rich Bakken area of North Dakota. Rather of burning extra gas, a byproduct of oil drilling known as flaring, the […]
The proposal seeks to classify cryptocurrency mining as a commercial activity and impose taxes on profits earned. While the Russian government works on a regulatory framework for digital assets, a federal ministry has made another proposal regarding the crypto mining industry. According to local news agency Izvestia, Russia’s Ministry of Economic Development has approved the […]
Are we misinformed about the environmental implications of Bitcoin mining? Kristian Csepcsar, CMO of Slush Pool, explains
Bitcoin miners are assisting oil companies in reducing flaring by running generators on natural gas that would otherwise be burned. The environmental impact of Bitcoin (BTC) mining is a contentious topic in the blockchain community that comes up from time to time. Elon Musk, CEO of Tesla, caused a sharp correction in the cryptocurrency market […]