Bitcoin Mining | Crypto Profit Bot

Massive government spending accelerating crypto adoption: Sen. Cynthia Lummis

July 29, 2021

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Senator Cynthia Lummis said that inflation and massive government spending is accelerating the adoption of digital assets. 2230 Total views 394 Total shares Republican Senator and Bitcoin proponent Cynthia Lummis said that massive government spending is accelerating crypto adoption. Lummis made the comments while sharing an interview she did with “Varney & Co” on the […]

Canadian border town suspends Bitcoin mining over aesthetic concerns

July 23, 2021

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City officials have imposed a three-month suspension on new Bitcoin mining operations to make roads and buildings more presentable. 6379 Total views 9 Total shares Massena, a town in New York along the border with Canada, has placed a temporary suspension on new Bitcoin (BTC) mining operations in the area. According to a report by […]

Malaysia is literally crushing thousands of illegal Bitcoin miners

July 16, 2021

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It’s unclear why authorities outright destroyed the miners rather than attempting to reap some value, but they could still be sold for scrap. 6336 Total views 13 Total shares Authorities in Malaysia destroyed more than $1.2 million worth of Bitcoin mining rigs after they were confiscated for operating illegally. In a video posted today from […]

China shuts down crypto mining in Anhui province

July 14, 2021

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The Anhui government is addressing growing electricity demand by shutting down local crypto mining operations. 324 Total views 5 Total shares The Chinese government continues cracking down on the cryptocurrency mining industry by suspending crypto mining operations in another province. Authorities at Anhui, a small province in eastern China, have announced a set of measures […]

Bit Mining raises $50M to take operations out of China

July 14, 2021

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Bit Mining is looking to exit China’s market in response to the recent government crackdown on mining. 1938 Total views 5 Total shares Shenzhen-based crypto mining firm, Bit Mining, is raising $50 million to fund an expansion out of the Chinese market. Announced on July 12, the firm has entered into an agreement with select […]

Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation

July 12, 2021

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As the pressures placed on the market by China’s cryptocurrency crackdown begin to subside and the Bitcoin (BTC) hashrate starts to show signs of recovery, traders are now focused on how the price will be affected by this week’s unlocking of more than $550 million worth of Grayscale’s GBTC shares. Data from Cointelegraph Markets Pro and […]

Hydro plant from 1897 earns 3X as much mining BTC as selling power to the grid

July 9, 2021

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An historic renewable energy facility in New York has tripled its profits by mining Bitcoin. 2573 Total views 13 Total shares New York’s Mechanicville hydroelectric plant — one of the oldest hydropower generation facilities in the United States — is now host to Bitcoin mining. The plant is owned by Albany Engineering Corp (AEC), which […]

Cambridge and IEA data shows bitcoin carbon intensity peaked last year

July 2, 2021

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Worst case projections seem to suggest that bitcoin emissions will be down by more than two-thirds in five years. 1541 Total views 6 Total shares According to publicly available data from the University of Cambridge Centre for Alternative Finance and the International Energy Agency, or IEA, bitcoin (BTC) carbon emission intensity may have already peaked. […]

Greenidge plans to expand mining operations to South Carolina

July 2, 2021

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According to the crypto mining firm, the South Carolina facility has been capable of drawing 80 megawatts of power, two thirds of which is produced from zero carbon energy sources. 991 Total views 6 Total shares Bitcoin mining company Greenidge Generation announced it would be starting operations in South Carolina as early as this year. […]

Proposed bill in Iran could ban all foreign-mined cryptocurrencies

July 2, 2021

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Lawmakers seem to be attempting to establish a legal framework behind a Central Bank of Iran decision for people to only use crypto from state-licensed mining operations for payments. 5102 Total views 12 Total shares A new bill drafted by the Iranian Parliament Commission on Economy aims to restrict the use of cryptocurrencies within the […]

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