BTC mining costs reach 10-month lows as miners use more efficient rigs
It now costs less to mine a single Bitcoin which could help to reverse the falling profitability trend while lowering power demands on the network.
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It now costs less to mine a single Bitcoin which could help to reverse the falling profitability trend while lowering power demands on the network.
President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the…
According to Lancium Inc., a crypto mining infrastructure firm, the company has signed a deal with the Texas battery-storage provider Broad Reach Power LLC. Broad Reach Power plans to supply…
The main barrier to the wide adoption of DLT solutions by the energy system stakeholders is how energy markets are structured.
Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid…
The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means…
Numerous governments have tried to ban Bitcoin mining, but data and insights from those in the mining industry suggest that this is easier said than done.
Analysis of Bitcoin’s Proof of Work and the Lightning Network exposes the banking system as energy hungry, demonstrating that Bitcoin is better for the planet.
Governments and environmentalists are quick to criticize the amount of electricity Bitcoin mining uses, but investors’ growing interest in crypto is leading to positive steps in the energy sector.
A founding member of Ethereum has claimed that Bitcoin uses nearly 1% of the world’s electricity, but different sources put it substantially lower.