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The Oversight and Investigations subcommittee of the House Energy and Commerce Committee is currently drawing up a list of witnesses. They will be questioned about the energy use of proof-of-work mining, the type of mining used for bitcoin, according to the report. Original Source
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Hong Kong-based cryptocurrency miner BIT Mining (BTCM) said fourth-quarter revenue will fall 10% to 20%, as its mining pool business, BTC.COM, completely exited the Chinese market.“The company is working on solutions with its existing users in China, such as migrating such users’ mining machines to overseas markets, so that they
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BusinessThe announcement comes shortly after Antpool, the largest bitcoin mining pool by hashrate, said it will block internet access from mainland China. By Jamie CrawleyOct 15, 2021 at 11:34 a.m. UTCUpdated Oct 15, 2021 at 11:34 a.m. UTCChina flag (Shutterstock) Original Source
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Bitcoin (BTC) mining company BIT Mining plans to invest $12.14 million to develop an 85 megawatts crypto mining center in Ohio.As the company that owns the entire mining pool business operated under BTC.com, BIT Mining set up a joint venture agreement with Viking Data Centers to establish the Bitcoin mining facility.As
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