China’s Inner Mongolia to Drive Out Cryptocurrency Miners

Authorities in China’s autonomous region of Inner Mongolia released a notice requiring local cryptocurrency mining firms to stop their operations, according to ChainNews. Is Inner Mongolia Starting a Trend Among China’s Authorities? China has enjoyed that status of the world’s hub for cryptocurrency mining since it hosts a good share of crypto miners who’re looking […]

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Bitmain to Increase Hashrate By 50% With 600,000 New Mining Chips

Showing renewed optimism, Bitmain is increasing its investments in the crypto mining industry. Now, Bitmain is reportedly buying 600,000 new crypto mining chips. As a result of this new investment, the company expects to make over $1 billion in profits. Bitmain to Increase its Capacity By 50% Hash rate The battle to produce fast cryptocurrency […]

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Bitcoin Mining May Prove Useful for Gas Well Owners

Gas companies in Canada are utilizing trapped natural gas otherwise flared to the atmosphere for bitcoin mining, creating a useful application for illiquid energy. Why Flare When You Can Mine Bitcoin Canadian gas companies in Alberta are developing means of utilizing natural gas to power bitcoin mining farms. This revelation is according to Francis Pouliot […]

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Iran Formally Allows Bitcoin Mining Despite Trading Ban

Iran will adopt a strangely paradoxical stance on Bitcoin as it legalizes mining while maintaining a ban on trading.  Central Bank: Bitcoin Mining ‘Should Be Done’ According to local media outlet Press-TV and others, Iran’s central bank plans to allow cryptocurrency mining some legal freedom following an uncertain few months.  As Iran battles increased US […]

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Was Benjamin Franklin The Bitcoin Miner Of His Day?

Bitcoin has since inception, had the potential to revolutionize money and the world economy. But haven’t we seen all this before? A new article suggests that Benjamin Franklin was doing the equivalent over 250 years ago. The First Bitcoin Revolution Of course, 250 years ago, Bitcoin was still just a twinkle in (Dr) Craig Wright’s ancestor’s […]

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Bitmain Allegedly Looking for $500 Million in Upcoming U.S Share Sale

According to Bloomberg sources, Chinese Bitcoin mining giant, Bitmain Technologies Ltd, is looking to launch an initial public offering (IPO) in the U.S, to raise $300- $500 Million. Bitmain Reportedly Planning U.S IPO New 2019 price highs, renewed optimism, and other indicators show that investment in Bitcoin mining is about to be as profitable as […]

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Bitcoin Miners Becoming ‘Buyers of Last Resort’ for Clean Energy: Report

The latest report from CoinShares shows that renewable energy powers the vast majority of the Bitcoin mining network contrary to the “ocean boiling narrative.” Bitcoin Mining Uses Mostly Clean Energy In its third bi-annual mining report, CoinShares revealed that clean energy sources powered more than 74% of the Bitcoin mining network. The new report also […]

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Why Moving to Texas Could Give Bitcoin Miners Maximum Profit

Flaring, a common practice of burning off natural gas that can’t be efficiently captured and stored has reportedly reached record levels in the state of Texas. Let’s look at why Bitcoin mining would be the perfect solution to capture this energy ‘waste’ and transform it into sound money.  Texas ‘Energy Waste’ Rises 85% According to […]

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Bitcoin Converts ‘Waste Product’ From Oil Industry into Financial Freedom, Says Miner

Bitcoin mining is an industry that seeks out cheap energy sources that would often go to waste. And in some parts of North America, natural gas is becoming pretty much exactly that. The Oil Industry Produces More Gas Than It Can Handle Natural gas prices in North America have tanked. As an unavoidable by-product of […]

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Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%

Market conditions and electricity costs have substantially lowered cryptocurrency mining profitability. As a result, big and small-scale cryptocurrency miners are forced to turn to renewable energy to reduce operational mining costs.  Future of Crypto Mining Lies in Solar Energy Cryptocurrency miners have been trying to lower their costs since the advent of Bitcoin (BTC). Now, […]

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