It seems that the criteria set by Elon Musk in 2021, that miners must use around 50% renewable energy sources “with positive future trend,” has been reached. The amount of Bitcoin mining energy originating from renewable sources has surpassed 50%, according to Bloomberg analyst Jamie Coutts, who posted the news
TokenCoin has emerged as a pioneering company, specializing in high-performance cloud computing power mining services. TokenCoin is a reliable choice for individuals looking to generate passive income through cloud mining, offering transparency, diverse plans, and a commitment to excellence. In the fast-paced world of cryptocurrencies, where innovation and opportunity abound,
Bitcoin is the first encrypted digital currency. It has the basic properties of currency: it can be traded and saved, and it can exist as a measure of value. It is called “the future of currency” by many people. The limited number of Bitcoins and their scarcity make many people
● Cambridge Bitcoin Electricity Consumption Index (CBECI) estimated Bitcoin mining’s annual power demand to be 120.29 TWh. ● Cloud mining enables users to participate in crypto mining without the need for hardware. The cryptocurrency landscape is constantly evolving, with users adapting to changing trends and market patterns. As participants in
The “hash price” of Bitcoin mining, which is the amount of money miner’s make per terahashes per second, has fallen to levels not seen since the FTX crash of November 2022, despite the fact that the hash rate has hit all-time highs. On August 18, the Bitcoin network’s hash rate
Riot Platforms, a Bitcoin mining company headquartered out of Colorado, cut its quarterly net loss to $27.7 million as it increased Bitcoin output and hit record hash rate capacity. A 27% year-over-year rise in Bitcoin output, although being somewhat offset by a fall in Bitcoin prices, led to the cryptocurrency
In Kyrgyzstan, the crypto mining farm will be built for $20 million, says President Sadyr Japarov with a nod. As per the reports of July 27, the Hydroelectric Power Plant under the government of Kyrgyzstan will be built. Back in 2010, the Kambar-Ata-2 was launched that lost 6.8B KiloWatt-Hours (kWh)
Cryptocurrency mining gear supplier and mining facility operator Phoenix Technology is contemplating an IPO as per a Bloomberg report. The article claims that preliminary discussions have been in place for an IPO for Phoenix in Abu Dhabi. The UAE-based firm signed a $650 million contract for mining rigs in 2021,
After the last difficulty adjustment on July 12, Bitcoin mining achieved an all-time high of 53.91 trillion units. It’s a way to rank the difficulty of mining Bitcoin. Every two weeks, the blockchain adjusts the difficulty to keep the average transaction time at 10 minutes. As the processing power of
One of the prominent Bitcoin mining businesses, Riot Platforms, has spent $162.9M on 33,280 “next-generation” Bitcoin miners for its Texas data center. The purchase of the mining rigs from supplier MicroBT is well ahead of Bitcoin’s next halving cycle, which is expected to occur around the middle of 2024. The
