bitcoin mining

Study-BTC-Mining-Most-Efficient-Anti-Greenhouse-Solution-(1)
Study: BTC Mining Most Efficient Anti-Greenhouse Solution

An Arcane Research analyst says that mining BTC using excess gas is actually environment-friendly. BTC mining using stranded natural gas far reduces CO2 emissions than wind and solar energy farms. BTC mining also consumes less energy than the video gaming and gold mining sectors.   According to Jaran Mellerud, an analyst who works for Arcane Research, mining bitcoins using excess natural gas is the “most cost-effective way” to reduce greenhouse gas emissions.  According to the chart shared by Mellerud, bitcoin mining using stranded natural gas reduces Carbon Dioxide emission by up to 6.32 tons for every $1,000 invested. This exceeds wind

Bitcoin-(BTC)-Candles-Moves-From-Red-to-Green-After-9-Weeks
Bitcoin Could Power the World With Green Energy Initiative

Bitcoin gives hope to a long-forgotten renewable energy project.  The project is the Ocean Thermal Energy Conversion initiative (OTEC). OTEC will harness thermal energy from the oceans to ecologically fuel Bitcoin mining. An almost forgotten 150-year old renewable technology has just come back to life. In detail, the Ocean Thermal Energy Conversion (OTEC) initiative could just be revived to fulfill Bitcoin’s unique appetite for energy consumption.  To elaborate, Bitcoin poses the potential to help bring between 2-8 terawatts of clean, renewable, and continuously fueled energy. In fact, the year-round baseload power will be harnessed from the thermal power lying latent

EU Parliament Nods to Crypto Mining for MICA Law
Sustainable Bitcoin Mining Power Mix Hits 59.5%

The share of renewable energy used for Bitcoin mining has increased to 59.5%. The BTC Mining Council is also working on increasing transparency in the Bitcoin mining industry. More information on the energy efficiency of Bitcoin mining was shared in the BMC’s YouTube briefing. According to a report from the BTC Mining Council, the share of renewable energy used for Bitcoin mining has increased to 59.5%. This is a significant increase from the group’s last report in March when the renewable energy mix was at just 42%. The council, which was formed earlier this year by some of the biggest

Samsung-is-Working-on-New-Chip-to-Power-Efficient-Bitcoin-Mining
Samsung is Working on New Chip to Power Efficient Bitcoin Mining

Samsung’s new chip can boost efficiency for mining Bitcoin (BTC).  The chip will deliver 45% reduced power consumption.  It will be 3 nanometers in area and will be 23% more powerful. Samsung’s new chip will power a stronger and more efficient way to mine Bitcoin (BTC). In particular, the Bitcoin mining chip will be more power efficient. To be exact, it will offer 45% more power efficiency. It will also be 23% more powerful.  In detail, Samsung has begun production of its chip capable of greater Bitcoin mining power. Specifically, the chip production is using 3nm process technology with GAA

Mining-Bitcoin-Now-Costs-$13K-Now,-Dropped-From-$24K-in-June
Mining Bitcoin Now Costs $13K Now, Dropped From $24K in June

The cost to mine 1 Bitcoin (BTC) is now $13,000. This is a considerable drop from the $24,000 it cost last month.  Only 9.1% of the Bitcoin (BTC) supply is left unmined. It seems that Bitcoin mining is now more affordable than it was last month. According to JPMorgan, the production cost of Bitcoin mining has fallen from $24,000 to $13,000 per Bitcoin (BTC).  At the time of writing, the price of each Bitcoin (BTC) stands at $19,794. Of the total 21 million Bitcoins that exist, 19,093,362 Bitcoins have already been mined and are in circulation. This leaves only 9.1%

Bitcoin-Closer-Complete-Scarcity,-Only-2-Million-Left-Unmined
Bitcoin Closer Complete Scarcity, Only 2 Million Left Unmined

Of the 21 million total Bitcoin availability, 19 million is already mined.  Only 2 million Bitcoin (BTC) is left to be mined. The crypto community anticipates a massive bull run amid this discovery. Bitcoin gets its value from its scarcity. This scarcity comes from Bitcoin (BTC) being a scarce resource. Since its arrival, it was made clear that there are only 21 million Bitcoin available. Due to the crypto being fungible, more than 21 million could own the digital asset.  In its earlier days, the only way to get Bitcoin was by mining Bitcoin. While Bitcoin miners were the only

Bitcoin-Miners-in-Tug-of-War,-HODL-vs-Sell-Bitcoin-(BTC)
Bitcoin Miners in Tug-of-War, HODL vs Sell Bitcoin (BTC)

Miner Hut 8 is holding over $222,000,000 worth of Bitcoin (BTC). Charts show that a significant amount of Bitcoin miners are selling their BTC.   Many are expecting the price of Bitcoin to shoot soon based on past price patterns. Miner Hut 8 holds 7,078 BTC, according to one of Bitcoin magazine’s latest tweets. In detail, this amount of BTC comes up to over $222,000,000 in worth. More so, the tweet claims that Miner Hut is keeping 100% of the Bitcoin (BTC) that it mines. This is grand news for Bitcoin holders and crypto enthusiasts everywhere. To highlight, the crypto community

Kenya’s Electricity Giant To Support Bitcoin Mining
Kenya’s Electricity Giant To Support Bitcoin Mining

Kenya’s electricity production firm KenGen will sell excess power to bitcoin mining activities. The decision came after crypto miners reached out to the company. These miners are from the US and Europe. Kenya’s electricity production company KenGen has announced its intention to sell surplus geothermal power to bitcoin mining firms. According to an article by Quartz, the decision came after KenGen received numerous purchasing requests from bitcoin miners. The company did not specify which bitcoin mining firms, although some suggest that the crypto mining firms are based in the US and Europe. KenGen will be encouraging bitcoin miners to set

California Missed $700M in Revenue Last Year by Not Mining Bitcoin
California Missed $700M in Revenue Last Year by Not Mining Bitcoin

CEO of Marathon Digital Holding says California missed $700 million in revenue last year. He says this revenue could have come from mining Bitcoin. California’s excess renewable energy alone would accomplish this. Documenting Bitcoin tweets about California missing out on $700 million in revenue by not mining Bitcoin last year. In fact, the state could have accomplished this by using its excess renewable energy alone.  Specifically, this claim comes from Fred Thiel — CEO and Chairman at Marathon Digital Holdings. In detail, Thiel makes this statement via an interview with Yahoo! Finance.  One of the biggest concerns, when Bitcoin came

Russian Leaders Push for Bitcoin Trading and Mining Regulations  
Russian Leaders Push for Bitcoin Trading and Mining Regulations  

Russia’s leaders are pushing for fair Bitcoin regulations.  Minister of Finance urges for Bitcoin sales license for Russian banks. Chamber of Commerce wants to accept Bitcoin mining as established businesses. Another country has stepped up in an effort to introduce effective crypto regulations within its borders. Indeed, this time it is Russia to make exciting announcements pertaining to crypto regulations.  To highlight, Russia’s Ministry of Finance is pushing for letting banks sell Bitcoin. Meanwhile, the country’s Chamber of Commerce is all for allowing Bitcoin mining to be recognized as an established business.   In detail, Russia’s Minister of Finance — Anton

Jack Dorsey's Block Firm Eyes Bitcoin Mining and Hardware Wallet Creation
Jack Dorsey’s Block Firm Eyes Bitcoin Mining and Hardware Wallet Creation

Jack Dorsey’s company, Block, announced the creation of a Bitcoin mining machine. The company also plans to create a hardware wallet for the next 100 million Bitcoin users. Jack Dorsey’s company, Block, announced its interest in the creation of a Bitcoin mining machine. This news came from the recent post of the official Linkedin account of the Block company that is searching for individuals that will help them in developing Bitcoin mining ASIC. Indeed, this job posting made by the Block company catches the attention of professionals globally. This made Bitcoin Archive react in a tweet post, The people that