Bitcoin per transaction cost goes down every four years, coincidence?
The cost per Bitcoin transaction is calculated by dividing miners' revenue by the number of transactions, thus implying an unpredictive trend.
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Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says
Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader…
PoW and PoS Are Crypto Versions of Fossil Fuel Cars and Electric Vehicles: ECB Report
The European Central Bank (ECB) has voiced concerns about the significant carbon footprint of Proof-of-Work (PoW) mining while hinting at a possible ban on such crypto assets, including Bitcoin, by…
US lawmakers ask about EPA, DOE monitoring of crypto mining emissions, energy consumption
U.S. legislators suspect cryptomining is “problematic” for energy use and emissions, while Paraguay is ready to give the crypto industry, including miners, incentives.
ECB report likens PoW to fossil fuel cars, PoS to electric vehicles
European Central Bank researchers anticipate a clash between the green transition policies and Bitcoin investors.
CleanSpark scoops up 1K+ mining rigs at ‘substantially discounted price’
“We are seeing unprecedented opportunities in this market,” said CleanSpark president and CEO Zach Bradford.
JP Morgan: Bitcoin’s 50% Decline in Production Cost Could Further Harm its Price
Strategists at the American multinational investment bank JP Morgan Chase & Co recently revealed that bitcoin’s cost of production has dropped by nearly 50% over the last month. BTC Production…
Kazakhstan’s New Law Imposes Higher Tax Rates on Crypto Miners
Miners in the country will now have to pay increased tax rates tied to the electricity prices consumed by these entities. Increased Tax Burden for Crypto Miners Consistent with the…
Bitcoin Miners in Texas Halt Operations due to a Severe Heat Wave
Bitcoin mining companies in Texas turned off their machines in anticipation of extreme weather conditions. In some parts of the state, temperatures are expected to surpass 40 degrees (Celsius) which,…
Bitcoin Is Yet to Form a Resilient Bottom: Glassnode
The world’s largest cryptocurrency recorded one of the worst monthly price performances in history in June. This month, too, has been kind to it. The current market structure has many…
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