Why the Bitcoin Mining Debate Is So Dysfunctional

Specialization is necessary but Bitcoiners and miners need to learn to listen to each other, says Will Foxley, Director of Content at Compass Mining.

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China crypto ban a ‘huge opportunity for Canada,’ mining group head says

The diversified location of Bitcoin mining facilities following China’s crackdown is great news for the rest of the world, iMining CEO Khurram Shroff says.

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‘Bitcoin Mining Council’ says 56% of all mining is sustainable

The Bitcoin Mining Council, a self-regulating group they aren’t ‘responsible” that assesses Bitcoin mining companies and mining activities, has revealed the result of its Q2 findings based on electricity consumption and sustainable power mix.

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Bitcoin Miners Currently Utilizing 67% Sustainable Power Mix: BMC Survey

Bitcoin Mining Council, a voluntary and open forum of Bitcoin miners, says the industry’s sustainable electricity mix had grown to about 56% during Q2 2021, making it one of the most sustainable industries globally.

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All Major Bitcoin Mining Farms Just Shut Down in China’s Yunnan Province

China is “not messing around,” says Foundry’s Kevin Zhang

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The Future of Crypto Mining is Sustainable says Mining City Founder

As countries embark on the job of restoring the ecosystem, one can’t help but ponder the environmental impact of cryptocurrency mining. The topic has spurred much debate lately as interest in blockchain technology and cryptocurrencies like Bitcoin continue to expand throughout the world.

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China’s Mining Crackdown ‘a Trillion-Dollar Mistake’ Says Saylor

Michael Saylor, CEO and founder of MicroStrategy has criticized China's ongoing action against Bitcoin (BTC), saying it will prove to be "a trillion-dollar mistake." The post China’s Mining Crackdown ‘a Trillion-Dollar Mistake’ Says Saylor appeared first on BeInCrypto.

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Is It Time To Sell Your Bitcoin? Jim Cramer Says It Is

Jim Cramer has disclosed that he has sold “almost all” of his bitcoin holdings. According to Cramer, he said the reason he sold was due to issues surrounding the asset. He cited the recent China crackdowns on mining as one of the reasons he got out.

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After Years of ASIC Manufacturing Canaan Expands to Bitcoin Mining in Kazakhstan

Canaan Inc. , the crypto mining rig manufacturer based in Beijing, has announced the company plans to mine cryptocurrencies in Kazakhstan. The company says that the firm’s next-generation Avalonminer mining rigs are already deployed in the world’s largest landlocked country.

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Ethereum Cloud Mining With Bybit – Is it Worth it?

On May 4, crypto derivative exchange Bybit launched a new service - an Etereum cloud miner. The company says this new Ethereum cloud mining service could be your best shot to mine ETH with minimal investments and earn sizable profits.

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Alibaba Cloud Says It May Stop Servicing Crypto Mining Companies in China

Chinese media sources state that Alibaba Cloud behemoth may stop providing services to crypto companies in China – that would hit Bitcoin miners but not exchanges

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Bitcoin Miner Bitfarms Adds $45M Worth of Mined BTC to Corporate Treasury

North American Bitcoin mining giant Bitfarms’ BTC adoption is going beyond mining Bitcoin and securing the network to including mined “coins” as part of its corporate treasury. Meanwhile, the company says increasingly harsher restrictions in China are helping the company to earn even more precious Bitcoin.

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Tunisia’s Economy Minister says He’s Going to Decriminalize Buying Bitcoin

The latest country working on changing its rules and regulations around cryptocurrencies is Tunisia which plans to decriminalize owning Bitcoin and crypto. Tunisia’s minister of economy said over the weekend that he wants to change the law around cryptocurrencies which condemns people for mining cryptos and using them as payment.

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Elon Musk Capitulates On Bitcoin, Says Tesla Will Resume BTC Payments When Mining Gets Greener

In Tesla CEO Elon Musk’s latest on Bitcoin, he said the company will resume bitcoin payments once the mining industry gets greener.

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Jack Dorsey Not Having It With Sen. Elizabeth Warren’s Negative Comment On Bitcoin

The debate on Bitcoin’s mining energy consumption doesn’t seem to be ending any time soon. Elizabeth Warren, the Massachusetts US senator has joined the conversation, saying that one of the easiest and least disruptive things “we can do” to fight the Climate Crisis is to crack down on “environmentally wasteful” decentralized cryptocurrencies like Bitcoin. She says cryptocurrencies […]

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The Bitcoin Mining Council Says There Is No Insidious Agenda

The Bitcoin Mining Council (BMC) has published its mandate, and fears of a centralized takeover of Bitcoin appear unfounded. MicroStrategy CEO Michael Saylor described it as an open forum for miners.

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“Netherlands Must Ban Bitcoin Now,” says Director for Economic Analysis

Pieter Hasekamp is calling for a complete ban on crypto — mining, trading, and holding because they are only good at privacy which is used by criminals, while government money works just fine with “hardly any currency devaluation.

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Weibo says crypto accounts on its platform violate laws and rules

Microblogging platform Weibo has reportedly banned cryptocurrency accounts on its platform. The ban is coming as China is stepping up its crackdown on Bitcoin trading and mining in the country. There could be more actions expected, which will include linking cryptocurrency activities directly with China’s criminal law.

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Government Cannot Stand in the Way of Crypto Technologies, Iran Minister Says

New technologies, including blockchain and cryptocurrency mining, have helped Iran to increase budget receipts and withstand foreign sanctions, according to the country’s minister for economy and finance.

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President Of Top Russian Bank Tells Why They Don’t Like Bitcoin

The president of the second-largest bank in Russia, VTB Bank says the institution doesn’t like Bitcoin because it sees it as fake money. To Andrey Kostin, the fact that “someone sits somewhere mining Bitcoin” makes the crypto’s mining operations equal to fake money printing scams.

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China State-Owned Media Says People Are Allowed to Participate In Crypto At Their Own Risk

It is those packaged as a “profitable” speculative object to attract investors to the crypto trading platforms that need supervision. Meanwhile, Canaan argues against the indiscriminate crackdown, saying crypto mining helps make better use of electricity.

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TRON CEO Justin Sun says Elon Musk’s crypto concerns are legit

The sustainability of cryptocurrencies has been a major topic of discussion for the past two weeks, as many have pointed the environmental concerns of crypto mining. Tron Foundation founder Justin Sun has also lent his voice in the debate.

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Michael Saylor says Bitcoin Mining Council required to combat ‘hostile’ narrative

Michael Saylor has provided more context on the Mining Council, and hopes to combat the anti-crypto narrative with greater Bitcoin mining transparency.

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What Is the Bitcoin Mining Council – And What Should It Become?

Elon Musk and Michael Saylor's plan for a greener bitcoin is light on details so far. Here are some possible approaches, says our columnist.

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Bitcoin Miner Says 90% Carbon Neutral

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Europe and U.S. may soon take the lead in Bitcoin mining, says major Chinese pool

Jiang Zhuoer, the operator of major Chinese mining pool Lebit Mining, argued that the latest crackdown on crypto in the country would likely lead to miners relocating their activity to Europe and the United States, as pointed out by journalist Colin Wu.

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Foundry’s Mike Colyer on US-China Mining Rivalry and Why Clean Bitcoin ‘Makes No Sense’

The New York miner says, "We're seeing a lot of hashrate start to come to the U.S." and many states have friendlier regulations these days.

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$425bn Wiped Off Crypto Market As Musk Says Bitcoin Is Bad For The Environment

Elon Musk has released a statement saying Tesla will no longer accept Bitcoin as payment for its electric vehicles. The firm said the decision was based on the increasing use of coal in Bitcoin mining.

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Bitcoin’s Environmental Impact Is “Real Issue,” Says Senator Elizabeth Warren

Progressives are becoming increasingly critical of Bitcoin mining

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Miami mayor says New York’s plan to halt Bitcoin mining is a step in “wrong direction”

A new bill has been introduced in the New York State Senate that proposes to halt Bitcoin (BTC) mining for three years while researchers will be assessing its impact on the environment. The post Miami mayor says New York’s plan to halt Bitcoin mining is a step in “wrong direction” appeared first on CryptoSlate.

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Bitmain Cofounder Jihan Wu Says ‘Crypto Industry May Surpass the Internet’

During the Second 421 Wet Season Festival and Mining Ecology Conference the Chairman of the Bitdeer Group and cofounder of Bitmain, Jihan Wu spoke about institutions flocking to cryptocurrency mining.

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Another US City Aims to Become Bitcoin Hub — Exploring BTC Payroll, Mining, Holding Crypto in Balance Sheet

Another U. S. city, besides Miami, is looking to become a bitcoin hub. The mayor of the city of Jackson TN says that his city is exploring payroll conversions in crypto in addition to bitcoin mining to add the cryptocurrency to its balance sheet.

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Square says Bitcoin mining is “key to clean energy future”

Bitcoin mining farms and renewable energy facilities can greatly help each other to create an “abundant, clean energy future,” according to a joint research report published by payments company Square and asset manager Ark Invest yesterday.

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2 Cents per Kilowatt Hour: Bitfarms to Launch a 210 MW Bitcoin Mining Operation in Argentina

The Canadian publicly traded bitcoin mining company Bitfarms has announced a deal that will see the company developing a 210 megawatt (MW) mining farm in Argentina. Bitfarms says that the company was able to secure a low electricity rate at $0.

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Governments can stop Bitcoin by shutting down mining, says Electric Capital exec

"If the U.S. stopped all the U.S. miners, Kazakstan stopped all the miners there — that kind of shuts down 80% to 90% of the hash rate pretty quickly," said Curtis Spencer.

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One of the biggest Bitcoin miners says Ethereum will soon cross $5,000

The owner of one of the world’s biggest mining pools says Ethereum (ETH) could reach the $5,000 to $6,000 range this bull run, as per Chinese news outlet Wu Blockchain. The post One of the biggest Bitcoin miners says Ethereum will soon cross $5,000 appeared first on CryptoSlate.

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Blockcap Mined $33M in BTC in First Quarter, Q1 Bitcoin Revenue Outshines US Competitors

The Texas-based Blockcap Incorporated revealed the blockchain and mining firm has mined approximately 544 bitcoins during the first quarter of 2021. Blockcap says the $33 million worth of bitcoin stems from the firm’s fleet of 12,176 mining rigs.

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Crypto mining will be a bridge to 100% renewable energy production, says Mike Colyer

"At some point Bitcoin mining will look like a utility, and it’s going to be a part of critical infrastructure for countries," said the Foundry Digital CEO.

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Nvidia triples revenue forecast for crypto mining GPU sales

The California chipmaker says quarter one financials for fiscal year 2022 are on track to surpass initial estimates, with demand for crypto mining graphics cards on the rise.

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This 'Bitcoiner' says Dogecoin investors are going to lose their money

A recent study by Nature Communications brought to light how China’s Bitcoin mining threatened the global climate change targets and sabotaged the mining hub's plans of achieving carbon neutrality.

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90% of Bitcoin mining comes from ‘dirty energy,’ Miami mayor says

The U.S. should address the environmental problems of Bitcoin mining by providing its clean energy to set up mining hubs, Mayor Francis Suarez said.

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Shenzhen-listed ICT Company Plans to Invest $155 Million in Microbt Bitcoin Mining Hardware

A Shenzhen-listed information and communications technology (ICT) company ZJBC has plans to invest in the bitcoin mining sector according to a recent announcement. ZJBC says that it aims to spend up to $155 million on Microbt manufactured ASIC mining rigs.

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US House Representative Ro Khanna Lauds BTC Which ‘Cannot Be Devalued’- Calls for Less Carbon Intensive Mining

After Elizabeth Warren, the U. S. Senator for Massachusetts called bitcoin a speculative asset, Ro Khanna, the U. S. House Representative for California has spoken in favor of the crypto asset.

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Belarus Government Could Consider Exploring Crypto Mining Says Energy Minister

The Belarus government is exploring the prospects of tapping into the crypto mining industry to utilize its excess energy supply.   Crypto Mining on The Agenda Belarus Energy minister Vikto Karankevich confirmed this development during a meeting with other energy stakeholders in the country.

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BTC Breaks Yet Another Level, $57k, as Elon Musk says, Bitcoin and Ethereum ‘Seem High’

Since making a similar remark on his electric car company, the price of TSLA shares has surged 400%. Tesla CEO is also busy mining his favorite cryptocurrency Dogecoin as a “fun family project.” The post BTC Breaks Yet Another Level, k, as Elon Musk says, Bitcoin and Ethereum ‘Seem High’ first appeared on BitcoinExchangeGuide.

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Bitcoin’s Rapid Increase Should Compel Crypto Investors to Own Gold, Says Top Miner

Sandeep Biswas, chief executive officer of Newcrest Mining, one of the world’s biggest gold miners, has said that the sharp increase in bitcoin prices should compel crypto investors to hold gold as a safe-haven asset.

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Stable Gold May Act As A Hedge Against Crypto Volatility Says Top Gold Miner

The age-old safe haven asset is tangible, and crypto holders should consider having some gold, said Newcrest Mining Ltd. CEO Sandeep Biswas. The post Stable Gold May Act As A Hedge Against Crypto Volatility Says Top Gold Miner first appeared on BitcoinExchangeGuide.

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Crypto investors should consider buying gold, Newcrest Mining CEO says

Gold should help crypto investors hedge against the risks of highly unstable prices of cryptos like Bitcoin, the CEO of Newcrest Mining said.

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Hackers Are Trying to Mine Crypto Using Russian Government Servers, Expert Says

Hackers have been mining crypto on government servers in Russia, including defense contractors and medical centers, expert says.

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