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 […]
Tag Archives: Business
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 […]
Moving ahead, traditional financial institutions must collaborate with cryptocurrency custodians, sub-custodians, and service providers. The digital economy is described as “the convergence of technology and finance that is increasingly characterised by digital places, experiences, and transactions,” according to Grayscale Investments’ recent study “Reimagining the Future of Finance.” With this in mind, it’s not surprising that […]
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 […]
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 […]