Category: Bitcoin Mining



Waste Coal-Converting Bitcoin Miner Stronghold Digital Mining Raises $100 Million


Waste Coal-Converting Bitcoin Miner Stronghold Digital Mining Raises $100 MillionOn Tuesday, Stronghold Digital Mining, Inc., an ESG-friendly cryptocurrency miner announced it has raised $105 million in two private equity securities funding rounds. Stronghold’s operations convert waste coal into alternative energy in order to mine bitcoin and other cryptocurrencies. ESG-Friendly Crypto Miner Turns Coal Waste to Bitcoin, Operation Raises $100M While many have been focused […]





Facebook’s David Marcus: China’s Bitcoin Mining Crackdown ‘Great Development’ for BTC


Facebook's David Marcus: China's Bitcoin Mining Crackdown 'Great Development' for BTCDavid Marcus, head of Facebook Financial (F2) who is in charge of crypto project Diem, formerly Libra, believes that the Chinese government cracking down on bitcoin mining is “a great development” for the cryptocurrency. Many people in the crypto space agree with him. Facebook’s Executive Believes China’s Bitcoin Mining Crackdown Is a Good Development David […]


Cornell Economist Says Bitcoin Has 3 Flaws Driving People to Search for Better Alternatives


Cornell University professor of economics and former head of the IMF’s China division, Eswar Prasad, sees three major flaws in bitcoin. Because of these flaws, the professor says that “bitcoin really has set off something of a search for a better alternative.” Cornell University’s Professor of Economics Outlines Bitcoin’s Flaws Cornell economics professor Eswar Prasad […]


Figuring Out How Much Bitcoin Hashrate Resides in Mainland China Still a Mystery


Over the last few weeks, there have been many reports about crackdowns in China tied to bitcoin mining operations in various provinces. 30-day statistics show the hashrate has been fluctuating wildly, and across the last week it has slid downward roughly 26%. Reports Show Bitcoin Mining Crackdowns in Five Chinese Provinces Despite the slide, the […]


Officials in Sichuan Instruct Bitcoin Miners to Shut Down Operations: Report


According to regional reports, bitcoin miners in Sichuan have been told by the Ya’an municipal government that they have until June 25 to shut down operations. Sichuan has been eyed closely in recent times as it’s estimated that a large demographic of miners are situated in the region. Sichuan Ya’an Energy Bureau Tells Bitcoin Miners […]



Genesis Digital Assets Purchases 10,000 Bitcoin Miners from Canaan


Genesis Digital Assets Purchases 10,000 Bitcoin Miners from CanaanThe Beijing-based ASIC mining rig manufacturer Canaan announced the sale of 10,000 bitcoin mining machines to the firm Genesis Digital Assets Limited. Canaan plans to deliver the 10,000 A1246 and A1166 Pro Avalonminers by the end of the month. Canaan to Deliver 10,000 Bitcoin Miners to Genesis Digital Assets The company Canaan (Nasdaq: CAN) has […]




Elon Musk’s ‘50% Clean Energy’ Bitcoin Mining Goal Will Be Complicated To Verify


Elon Musk's '50% Clean Energy' Bitcoin Mining Goal Will be Complicated to VerifyOn Sunday, Tesla’s CEO Elon Musk tweeted that when there’s “confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.” However, there’s a big problem with this goal, as nobody knows exactly how to measure 50% clean energy usage let alone precisely where miners are geographically […]


Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight


Reports of Crypto Mining Sector Cleanup Put China’s Yunnan Province in the SpotlightAuthorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June. […]



IMF Voices Concerns Over El Salvador Making Bitcoin Legal Tender


IMF Voices Concerns Over El Salvador Making Bitcoin Legal TenderThe International Monetary Fund (IMF) has warned of “a number of macroeconomic, financial and legal issues” surrounding El Salvador making bitcoin legal tender. “Crypto assets can pose significant risks and effective regulatory measures are very important when dealing with them,” an IMF spokesperson cautioned. IMF Sees Issues With Bitcoin Being Legal Tender in El Salvador […]


How Many People Mined BTC Alongside Satoshi? 2010 Data Shows Bitcoin’s Creator Wasn’t the Only Mining Whale


How Many People Mined BTC Alongside Satoshi? 2010 Data Shows Bitcoin's Creator Wasn't the Only Mining WhaleThroughout 2021, a great number of mysterious whale movements from miners who mined bitcoins in the early days have occurred. This week, 1,000 bitcoin from 2010 were transferred, and the miner has spent 11,000 bitcoin since last year. Old school whale movements like these have made some people assume that decade-old coinbase spends could stem […]


El Salvador to Mine Bitcoin With Energy From Volcanoes: ‘100% Clean, 100% Renewable, 0 Emissions’


El Salvador to Mine Bitcoin With Energy From Volcanos: ‘100% Clean, 100% Renewable, 0 Emissions'El Salvador has begun exploring bitcoin mining using energy from its volcanoes, President Nayib Bukele has revealed. “Our engineers just informed me that they dug a new well that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos,” he detailed. Bitcoin Mining Using Volcanoes’ Energy El Salvador President Nayib Bukele […]


China’s Qinghai Province Instructs Bitcoin Mining Operations to Shut Down


China's Qinghai Province Instructs Bitcoin Mining Operations to Shut DownFollowing the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate. Similarly, the Qinghai Industry and Information Technology Department’s document explains bitcoin mining operations cannot operate in the area. Qinghai Province […]



Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down


Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut DownAn official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down. China’s province of Xinjiang is a highly concentrated region of bitcoin miners and bitcoin activities at the park must cease by June 9, according to the document. Nevertheless, […]




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