Bitcoin price and energy use for mining highly correlated: UN report

2023-10-31 13:41

UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global BTC mining network consumed 173.42 TW/hs of electricity.

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Источник: cointelegraph.com

mining bitcoin → Результатов: 126

Tether partners with Swan to expand Bitcoin mining operations

Stablecoin issuer Tether has expanded its mining endeavors by collaborating with Swan’s Managed Bitcoin Mining service. According to the press statement, the firm has dedicated an undisclosed amount of substantial capital to establish its Bitcoin mining operations through Swan.

2024-5-8 14:50	USDT
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CEO of Loka Mining on Bitcoin’s DeFi possibilities

Speaking to crypto.news in an interview, Andy Fajar Hardika, CEO of Loka Mining, discussed the evolution of decentralized finance (defi) on the Bitcoin network. On April 19, 2024, Bitcoin mining rewards were slashed in half. Mining a block will now…

2024-5-3 14:48	DeFi
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New Data Reveals Bitcoin Mining May No Longer Be Profitable – Here’s Why

New data has revealed that Bitcoin (BTC) mining might no longer be as lucrative as it used to be. Bloomberg has reported that the profitability of Bitcoin mining is nearing a record low, not seen since the days following the collapse of FTX, posing significant challenges for those securing the network. The data indicates that […]

2024-4-27 05:30	crypto market
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Block’s CEO Jack Dorsey Reveals New Bitcoin Mining System

Jack Dorsey's Block has unveiled a new bitcoin mining system, following the completion of a 3nm mining chip, aiming to decentralize the supply and hashrate distribution in the cryptocurrency mining sector.

2024-4-24 23:21
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Bitcoin Halving Is a ‘Show Me the Money’ Moment for Miners

With April’s “halving” set to cut mining rewards by half, Bitcoin miners are upgrading to more efficient mining machines, cutting costs, finding cheaper sources of power and exploring mergers and acquisition opportunities.

2024-3-19 19:53
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Investors shift away from Bitcoin mining stocks as spot ETFs open new avenue, Luxor says

With the approval of spot Bitcoin ETFs, traditional investors seem no longer relying on crypto-friendly mining stocks as a proxy to gain access to BTC. Publicly traded Bitcoin (BTC) mining companies have traditionally served as a gateway for investors to…

2024-3-15 12:16	Stocks
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Bitcoin halving unlikely to catch big mining companies off guard, says GoMining CEO Mark Zalan

With Bitcoin halving around the corner, the buzz in the crypto world has hit the roof. Bitcoin is nearing all-highs and mining is the talk of the town. Invezz spoke to Mark Zalan, CEO of GoMining, to gather insights on BTC mining.

2024-3-1 13:05	Bitcoin
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Could Bitcoin Mining Companies Face Threats From the Failure of This Crypto Bank?

B. Riley, the lender of last resort that loaned Bitcoin mining company Core Scientific $70 million, is the subject of a new probe. More details here. The post Could Bitcoin Mining Companies Face Threats From the Failure of This Crypto Bank? appeared first on BeInCrypto.

2024-1-23 17:30
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Here's how Bitcoin mining can fight climate change

Texas, the global hub of Bitcoin mining, had the highest profit potential. The added revenue could be used to invest in renewable energy installations. Over the years, Bitcoin [BTC] mining The post Here's how Bitcoin mining can fight climate change appeared first on AMBCrypto.

2023-11-30 01:30	BTC Trading View
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Block CEO Jack Dorsey Leads $6.2 Million Investment Round In Decentralized Bitcoin Mining Pool

Jack Dorsey is backing a Luke Dashjr-led initiative to decentralize bitcoin mining globally with a transparent, non-custodial mining pool.

2023-11-29 22:00
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WATCH: Block CEO Jack Dorsey to Discuss Bitcoin Mining Decentralization

Official livestream of the special event hosted by Ocean, a latest-generation decentralized bitcoin mining pool.

2023-11-28 16:00
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Bitcoin Mining Difficulty Hits New Record High

Bitcoin mining reaches new peak with 5.07% increase in mining difficulty to record 67.96 T

2023-11-26 19:13
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Mastering Bitcoin Mining at Home: The Revolutionary Bitaxe 1366 and 1397 ASIC Miners

Bitcoin mining has evolved remarkably, transitioning from simple CPU mining to advanced specialized hardware. This progression, driven by innovation, constantly refines the balance between cost and computational power.

2023-11-20 14:00	BNC insights
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Bitcoin: Assessing the ups and downs of BTC mining in Q3

Miner fees accounted for 4.38% of the block subsidies on average in 2023. The hashrate dramatically climbed in September after staying muted during summer. Bitcoin [BTC] mining remains one oThe post Bitcoin: Assessing the ups and downs of BTC mining in Q3 appeared first on AMBCrypto.

2023-10-21 01:30	BTC Trading View
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Mining BTC is harder than ever — 5 things to know in Bitcoin this week

Bitcoin wakes up to near $28,000 ahead of a jump to a new BTC mining difficulty record as billionaire investor Ray Dalio conjures the chilling thought of “World War III.“

2023-10-16 11:35	Interest Rates
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This is how Bitcoin must perform to sustain its mining industry

Miners’ balance has gained upward momentum for the past few weeks. BTC was down by over 2% in the last 24 hours, and a few metrics looked bearish. The Bitcoin [BTC] mining sector has bThe post This is how Bitcoin must perform to sustain its mining industry appeared first on AMBCrypto.

2023-10-11 16:30	BTC Trading View
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Is Bitcoin Mining Turning Unprofitable? Hash Price Reaches All-Time Low

Concerns arise about BTC miners' profitability amid the Bitcoin network's growing efficiency and security. Some fear declining revenues may affect mining pool viability and the blockchain's future.

2023-9-8 14:48
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Bitcoin Spark: A new paradigm in crypto mining

Crypto mining has been a fundamental aspect of the blockchain ecosystem since the inception of Bitcoin. Over the years, various cryptocurrencies have emerged, each with its unique mining mechanisms anThe post Bitcoin Spark: A new paradigm in crypto mining appeared first on AMBCrypto.

2023-9-2 13:05	SPN News
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Iris Energy buys latest Nvidia GPUs to explore generative AI & bolster Bitcoin mining

The sustainable Bitcoin mining firm Iris Energy has invested $10 million in the latest Nvidia H100 GPUs. The company has purchased 248 pieces of equipment as it wants to navigate generative AI while focusing on its core business – BTC mining.

2023-8-30 18:40
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Bitcoin Spark to offer easy mining solutions powered by smartphones

What is Bitcoin mining? Bitcoin mining refers to the method through which fresh bitcoins are introduced into circulation. This process is not only crucial for maintaining and developing the blockchThe post Bitcoin Spark to offer easy mining solutions powered by smartphones appeared first on AMBCrypto.

2023-8-12 13:00	SPN News
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63% renewable energy used by Bitcoin Mining Council making up 43% of global mining network

The Bitcoin Mining Council (BMC) reported significant strides in sustainable power usage and technological efficiency in Bitcoin mining, according to the findings of its survey for the first half of 2023.

2023-8-10 13:23	Mining
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KuCoin suspends Bitcoin, Litecoin mining amid shifting strategy and layoff rumors

According to an Aug. 2 statement, KuCoin plans to suspend its Bitcoin (BTC) and Litecoin (LTC) mining pools, effective from Aug. 15, until further notice. The exchange attributed its decision to its “evolving business strategy” and advised its mining pool users to transition their miners to alternatives before the deadline.

2023-8-3 02:00	Mining
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Bitdeer Launches Fund For Bitcoin Mining Operations In Bhutan

Bitdeer, a Bitcoin mining company headquartered in Singapore, has launched a closed-end fund to invest in the Bitcoin mining industry in Bhutan. This represents a part of the firm’s efforts to expand its mining operations in the South Asian country.

2023-7-29 16:40	BTC
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Bitcoin Miners Buy Up Rigs as Prices Near All-Time Lows

Despite mining’s doldrums, miners are prioritizing the inclusion of next-generation mining rigs in their operations to prepare for the next Bitcoin halving.

2023-7-27 17:45
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CleanSpark’s Bitcoin mining capacity hits 8 EH/s as new facility goes live

The Bitcoin mining company kicked off the second phase of its mining campus in Georgia, gearing up for the next Bitcoin halving.

2023-7-14 00:19
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Firm managing over $7 trillion in assets buys more bitcoin mining stocks

Vanguard Group is buying more stocks from leading bitcoin mining companies per recent filings with the SEC

2023-7-12 17:30
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Bitcoin mining over the years: Tracing its changing dynamics

The average network efficiency of Bitcoin mining has improved due to the advancements in mining equipment. The share of renewable and cleaner sources like hydropower solar and wind have gone upThe post Bitcoin mining over the years: Tracing its changing dynamics appeared first on AMBCrypto.

2023-7-6 15:30	BTC Trading View
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Increase In Crypto Adoption As Russia Embraces Bitcoin Mining

The rising interest from countries in Bitcoin adoption and the role of Bitcoin mining in this trend can be seen through the example of Russia’s Ministry of Energy pushing for the legalization of industrial crypto mining.

2023-6-20 09:35	Russia
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Bitcoin Mining Difficulty On The Rise Again: What You Need To Know

As additional miners join the Bitcoin network and existing miners continue to deploy new mining rigs, the difficulty of mining BTC is expected to reach a new all-time high within the month. According to data from Coinwarz, a Bitcoin mining monitoring platform, it looks like there’s likely to be another surge in mining difficulty in […]

2023-6-20 01:00	BTCUSDT
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Texas legislature passes new bitcoin mining laws

The 88th session of the Texas Legislature has passed a series of bills set to influence the state's bitcoin mining industry.

2023-6-10 19:33	texas
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Bitcoin Mining Difficulty’s Record Setting Streak Shows No Signs of Stopping

The difficulty of mining bitcoin is poised to set a new all-time high this week as miners continue to deploy new mining machines to cash in on recent spike in revenue.

2023-5-30 16:21
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Introducing The Rolling-Block Method: A New Way To Forecast Bitcoin Mining Difficulty

Luxor describes its newly-released methodology for improving the accuracy of Bitcoin mining difficulty predictions.

2023-5-25 15:00	Technical
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How To Figure Out If You Should Start Mining Bitcoin

Turning a profit from Bitcoin mining is a challenge, but not impossible. Here are some factors to consider if you want to start.

2023-5-24 15:00
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North Carolina County Enacts One-Year Ban On Commercial Bitcoin Mining, But Not Without Pushback

After a public hearing, Buncombe County voted to approve a moratorium on bitcoin mining in order to craft zoning standards and regulations for special land use.

2023-5-4 20:35	Legislation
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WEF’s promo video shows Bitcoin mining, but leaves out the B-word

The video showed multiple scenes depicting rows of what appears to be Bitcoin mining rigs, but the cryptocurrency never got a mention.

2023-4-24 10:21
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Crypto stakeholders criticize New York Times for ‘hit piece’ on Bitcoin mining

Several crypto stakeholders have criticized the New York Times April 10 report on Bitcoin (BTC) mining, arguing that it does not reflect happenings in the industry. What NYT wrote According to the report, Bitcoin mining consumes as much electricity as a small city.

2023-4-10 14:30
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Sphere 3D, a bitcoin mining company, is suing Gryphon Digital Mining for breach of contract.

Sphere 3D, a Bitcoin mining firm, has filed a lawsuit against its business partner, Gryphon Digital Mining, for allegedly losing $500,000 of its Bitcoin to a hacker posing as Sphere 3D’s CFO.

2023-4-9 22:45	HOT
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Bitcoin: Focus shifts to Texas as BTC registers growth in mining activity

Texas, a Bitcoin mining hub, saw a 75% jump in power usage in 2022. Miner revenue per exahash rose 27% on a year-to-date basis. Crypto mining company BitDeer disclosed that it has significanThe post Bitcoin: Focus shifts to Texas as BTC registers growth in mining activity appeared first on AMBCrypto.

2023-3-26 13:30	News
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Jack Dorsey’s Block seeks feedback on its bitcoin mining kit

Jack Dorsey’s Block is calling on members of the public to give feedback concerning the features they want in its open-source silicon-based bitcoin (BTC) mining hardware system under development. Nearly two years after announcing plans to launch its bitcoin mining…

2023-3-8 14:29	Mining
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Jack Dorsey’s Block Unveils Plans for Its DIY Bitcoin Mining Development Kit

Coinspeaker Jack Dorsey’s Block Unveils Plans for Its DIY Bitcoin Mining Development Kit The MDK would be useful for integrating Bitcoin mining into multiple use cases such as heating solutions, off-grid mining, home mining, or intermittent power applications Jack Dorsey’s Block Unveils Plans for Its DIY Bitcoin Mining Development Kit

2023-3-8 13:51	Jack Dorsey
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Jack Dorsey’s Block Announces Mining Development Kit For Novel Bitcoin Mining Use Cases

The development kit is envisioned as having multiple components that would enable increase the accessibility and openness of bitcoin mining hardware.

2023-3-8 22:40	Mining
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Terawulf erects first nuclear bitcoin mine in USA

Bitcoin (BTC) mining company Terrawulf has put its name in the history books as one of the first builders of a nuclear-powered nuclear mining facility in the U.S.

2023-3-7 21:37	Bitcoin
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Marathon plans 250 MW Abu Dhabi bitcoin mining JV

Marathon Digital, a crypto mining company, is initiating a $406 million joint venture (ADGM Entity) with FS Innovation to build and run bitcoin mining operations in Abu Dhabi.

2023-1-28 22:13
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The Kazakhstan Mining Exodus Has Flipped Bitcoin To Clean-Energy Dominance

After Kazakhstan forced out Bitcoin mining operations, the majority of global hash rate is now produced with clean energy.

2023-1-26 16:00	energy consumption
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Crypto Infrastructure Firm Blockstream Raises $125M for Bitcoin Mining

The company will use the fund to expand its bitcoin mining facilities amid strong demand for hosting.

2023-1-25 00:02	Business
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Will Bitcoin [BTC] mining see a resurgence? This new data suggests…

Bitmain's mining rigs sell out in under 27 seconds, however, volatility persists in terms of mining revenue. Retail investors show faith in Bitcoin, as traders take long positions. LeadingThe post Will Bitcoin [BTC] mining see a resurgence? This new data suggests… appeared first on AMBCrypto.

2022-12-23 04:30	BTC Trading View
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Bitcoin Mining Difficulty Records Biggest Drop of 2022. Here’s Why

Bitcoin's mining difficulty has recorded the biggest drop since the implementation of China's mining ban

2022-12-6 09:14
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PEGA Pool is reducing Bitcoin mining’s carbon footprint one step at a time

The UK-based company's PEGA Pool Bitcoin mining platform is on a mission to reduce Bitcoin mining's carbon footprint to create a more sustainable and eco-friendly industry.

2022-11-28 21:32	proof of work
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Bitcoin mining difficulty expected to spike Nov. 6, increase pressure on miners

The next Bitcoin (BTC) mining difficulty adjustment will take place on November 6, Sunday, and is expected to increase. The post Bitcoin mining difficulty expected to spike Nov. 6, increase pressure on miners appeared first on CryptoSlate.

2022-11-5 18:38	Research
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North Korea gets 50% of foreign earnings due to weak security measures in crypto industry, UN says

A recent United Nations report highlights North Korea’s significant role in cyberattacks, particularly targeting crypto firms amid sanctions enforcement and nuclear concerns. The United Nations Security Council has released a new report, indicating North Korea‘s escalating involvement in cyberattacks, which…

United Nations selects HBAR Foundation, Envision for blockchain-based carbon data marketplace

HBAR Foundation in a collaboration with the United Nations, Envision Blockchain and Swirlds Labs unveiled a new digitization platform for carbon markets. According to a press release on Monday, Dec.

United Nations taps Algorand to develop blockchain training course for 22k employees

The United Nations Development Programme has partnered with Algorand Foundation to provide its staff with blockchain knowledge and insights. In a press release on Nov. 30, 2023 the Algorand Foundation has announced the launch of a blockchain academy to bolster…

Kraken will share data of 42,000 users with IRS

The information will be sent to the Internal Revenue Service in early November.

UN launches international effort to tackle AI governance challenges

The list of participants includes tech industry leaders, government representatives from Spain to Saudi Arabia, and scholars from the U.S., Russia and Japan.

UNESCO and Netherlands design AI supervision project for the EU

The United Nations Educational, Scientific and Cultural Organization and the Dutch government launched a new project for supervising AI to help create a framework for the wider EU area.

2023-10-31 13:41

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