Cryptocurrency Analysis and News Portal
According to a report by Reuters, the Pakistani government will launch a pilot program to build Bitcoin and other cryptocurrencies mining farms. Power by two hydroelectric sources and based on the province of Khyber Pakhtunkhwa, the national program seeks to obtain revenues from the current rally in the crypto market. The
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Despite the partnership announcement, Galaxy Digital Mining did not provide specific details on the number of machines deployed for the first installation.Diversified financial services and investment management company in the digital asset sector Galaxy Digital (TSX: GLXY) said it is now hosting its newly-launched Bitcoin mining operations at Blockstream facilities.
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Authorities of the Chinese autonomous region of Inner Mongolia have proposed to close down all local cryptocurrency mining facilities to reduce energy consumption in the region.The Inner Mongolia National Development and Reform Commission, or NDRC, released an official proposal to shut down local crypto mining operations in line with its
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Nvidia is also launching Cryptocurrency Mining Processors (CMP) specifically for Ethereum miners. Source
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Police seized 1,746 bitcoin mining machines across 21 premises in raids this week. Original Source
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A retailer of specialty teas and baked goods based in Hunan, China is expanding its business into cryptocurrency mining.According to a press release on Thursday, Urban Tea Inc. has hired two new executives ahead of its strategic expansion into its new cryptocurrency venture.Fengdan Zhou has been hired as the company’s
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The new venture is expected to increase revenue and "optimize" its product offering structure. Source
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Bitcoin mining farms in Texas have gone offline because of a massive winter storm that drained the state’s power grid.While some mining farms have stopped operations due to power outages, others are selling electricity back to the grid at a premium, said Ethan Vera, co-founder of Luxor Tech, which is
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Is it wasteful to use electricity mining bitcoin? As the Biden Administration settles into power with an ambitious agenda around clean energy, notably promising to eliminate carbon emissions from the US power generation sector by 2035, the question of bitcoin mining and it’s ever-growing use of energy bubbles up once
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Rows of latest-model laptops, highly sought after by the gaming community, have been spotted in China being used to mine cryptocurrency.In tweets posted on Wednesday, images show a room filled with “several hundred” gaming laptops said to be kitted out with Nvidia RTX 30-series graphics processing units (GPUs). WCCTech, a
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