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You Searched For "bitcoin mining" and got 20 results


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1 min read

6,000 old bitcoin-mining machines will be refurbished and sold overseas after the long-awaited halving event

Outdated machines are being moved to countries with lower electricity costs, like Ethiopia, where t…

Aruni Soni   


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5 mins read

Fervent Bitcoin trading approaches fresh supply crunch; Here’s what this week’s ‘halving’ event implies

Bitcoin's recent surge to record-breaking highs has left many scratching their heads in awe. Within…

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1 min read

Remote mountain Kingdom of Bhutan is operating secret, state-owned Bitcoin mining facilities, report says

The remote Himalayan kingdom has never publicly announced its Bitcoin operations, but it has been s…

Polly Thompson   


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1 min read

New research says bitcoin mining is sucking up more and more water, with use increasing 278% since 2020

"The total water footprint of US Bitcoin miners could be equivalent to the average annual water con…

Filip De Mott   


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2 mins read

A lawsuit filed against a bitcoin mine in Texas has shed light on a growing trend: US crypto mines backed by millions of dollars from Chinese investors

A rise in cryptocurrency-mining facilities in Texas and other states has come under scrutiny for th…

Kiera Fields   


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2 mins read

Bitcoin mining profitability poised for surge as spot ETFs gain approval

According to S&P Global Commodity Insights, the long-awaited decision has created a ripple effect i…

ANI   


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Prepare for bitcoin to fall after the long-awaited halving, JPMorgan says

"We do not expect bitcoin price increases post halving as it has been already priced in," JPMorgan …

Yuheng Zhan   


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2 mins read

US officials say they're worried a Chinese-owned bitcoin mine in Wyoming will pose a national security threat, NYT reports

Microsoft relayed concerns to the US government that a Cheyenne, Wyoming, Bitcoin mining operation …

Hannah Getahun   


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2 mins read

A Chinese takeaway worker who had 61,000 bitcoin worth $1.8 billion seized by police found guilty of money laundering

Jian Wen was convicted of money laundering in a London court on Wednesday after police seized 61,00…

George Glover   


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Bitcoin hits record high

Bitcoin hit a record high of $69,244 on Tuesday, eclipsing its previous record, reached in November…

Matthew Fox   


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A bitcoin breakout above a 'final resistance' level would signal another 18% upside to $80,600, analyst says

"A breakout would be a long-term bullish development, leaving no resistance left," Fairlead Strateg…

Matthew Fox   


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2 mins read

Bitcoin's fair value is zero, and the latest boom will spark 'massive' collateral damage, ECB says

The ECB slammed bitcoin, describing the approval of spot ETFs in the US as "the naked emperor's new…

Yuheng Zhan   


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2 mins read

Crypto miners used the same amount of electricity as all of Australia last year

In the US alone, crypto mining uses 0.6% to 2.3% of the country's electricity demand — as much as e…

Aruni Soni   


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Russia's bitcoin-mining industry is booming through war and sanctions

There's more bitcoin mining equipment flowing into Russia than anywhere else in the world as sancti…

Phil Rosen   


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3 mins read

Bitcoin mining generates 30.7 kilotons e-waste annually – enough to cover Luxembourg’s e-waste five times

Bitcoin is estimated to annually generate e-waste equivalent to over five times that of Luxembourg’…

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3 mins read

An Indian home can live for a year with the energy it needs to mine a single Bitcoin

Bitcoin mining has long been criticised for being inefficient and a power guzzler. Now, a new repor…

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2 mins read

Texas' power-grid operator is asking crypto miners to power down as the state's electricity system grapples with sky-high temperatures

Texas' power-grid operator, ERCOT, is paying businesses that eat up a lot of energy to shut down &m…

Katie Canales   


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3 mins read

At-home bitcoin miners are getting crushed by the crypto sell-off and energy inflation. Here's how they're cutting costs.

Fans who mine bitcoin at home have seen profits fall as prices crash and energy costs surge in a to…

George Glover   


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2 mins read

Rising energy costs and plummeting crypto prices mean public bitcoin miners are 'fighting to survive'

"Some miners may either go bankrupt or have parts of their assets purchased for cents on the dollar…

Jennifer Sor   


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3 mins read

Crypto could give Russia several ways to sidestep sanctions — and bitcoin mining powered by embargo-hit energy is just one, the IMF says

Laws and regulations for foreign exchange should be amended if needed to cover crypto alongside tra…

Hamza Fareed Malik