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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 […]

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 […]

New York locals accuse gas-fired mining operation of heating Seneca Lake

July 6, 2021

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New York locals are accusing Greenidge Generation’s gas-fired Bitcoin mining plant of heating Seneca Lake in upstate New York. On a daily basis, the Greenidge plant is permitted to withdraw 139 million gallons of water from the lake and discharge 134 million gallons of water. The plant is also allowed to discharge water with a […]

Crypto miners eye cheap power in Texas, but fears aired over impact on the grid

June 16, 2021

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The recent crackdown on crypto mining in China has seen concerns expressed over the potential impact a hashrate migration could have on Texas’ unreliable electricity market, as an increasing number of dislocated miners eye the Lone Star State. Texas’ abundant sources of renewable energy and highly deregulated power grid make the state an obvious choice […]

Bill banning crypto mining for 3 years dies in NY state assembly

June 11, 2021

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The NY state assembly needs to approve any bill or propose amendments before it can be signed into law by Governor Andrew Cuomo. 7662 Total views 9 Total shares A bill which would have required miners in New York to halt operations for three years as part of an apparent effort to slow the environmental […]

‘Pointless but incredible’— New electric car mines crypto while it’s parked

June 2, 2021

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Canadian light electric vehicle manufacturer Daymak has announced an upcoming electric car that can mine Bitcoin, Ethereum, and Doge — when it’s charging or parked. According to the firm’s June 1 announcement, The “Spiritus” electric car is set to roll out in 2023 and will come fitted with “an industry-leading GPU in mining price-to-profit.” However, […]

Nvidia triples revenue forecast for crypto mining GPU sales

April 13, 2021

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The California chipmaker says Q1 financials for fiscal 2022 are on track to surpass initial estimates with demand for crypto mining graphics cards on the rise. 5085 Total views 19 Total shares Nvidia says the positive performance of its various market segments has seen the company revise its initial forecasts for Q1 of fiscal 2022. […]

Dogecoin mining announcement crashes streaming company’s website

March 12, 2021

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A massive online traffic surge temporarily overloaded a website back in February after the company announced that it invested in Dogecoin. 12543 Total views 25 Total shares Hello Pal, a Canadian social platform has said that its website suffered a temporary outage back in February. According to a press release issued by the company on […]

Former Canaan Directors to Guide Chinese Gaming Firm’s Pivot to Crypto Mining

January 5, 2021

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Jan 5, 2021 at 11:15 a.m. UTCUpdated Jan 5, 2021 at 11:19 a.m. UTC Canaan mining machine(Canaan) Former Canaan Directors to Guide Chinese Gaming Firm’s Pivot to Crypto Mining U.S.-listed Chinese gaming company The9 (NASDAQ: NCTY) has announced plans to enter the cryptocurrency mining space. In an SEC filing, The9 said it had signed a […]

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Category: Crypto mining