Auto Added by WPeMatico

Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity

Many BTC miners are in a tough spot and a few could collapse, but experts say the industry is here to stay.

Continue ReadingWill the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity

Cleanspark Reveals Texas Expansion — Bitcoin Miner Plans to Add 500 MW of Mining Power

Bitcoin miner Cleanspark has revealed the company is expanding operations in Texas with up to 500 megawatts (MW) of renewable power. The firm has inked a deal with the Houston-based…

Continue ReadingCleanspark Reveals Texas Expansion — Bitcoin Miner Plans to Add 500 MW of Mining Power

Iran Allows Renewable Power Plants to Supply Crypto Miners With Electricity

Authorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining companies to…

Continue ReadingIran Allows Renewable Power Plants to Supply Crypto Miners With Electricity

Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns

Senator Elizabeth Warren has written a letter to the CEO of the New York bitcoin mining firm Greenidge Generation, Jeff Kirt, asking for details on the company’s emissions. Warren’s letter…

Continue ReadingElizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns

Norway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining

The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a European ban on proof-of-work mining.…

Continue ReadingNorway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining

Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions

Kazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet…

Continue ReadingCrypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions