News about MINING

News about Mining

China’s Largest Miner Plans to Move to North America Amid China’s Crackdown on Bitcoin Mining

submitted by /u/theoakmike [link] [comments]

A ban on mining in China would honestly be the best thing that could happen to Bitcoin

The biggest drawbacks of the “most secure, decentralized network in the world” is that such a majority of its hashrate comes from a dystopian authoritarian country. Yes the mempool would be unstable and flooded for a week or two, but then the diffic...

China banning mining would be a net positive for Bitcoin

submitted by /u/patriceac [link] [comments]

‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector

A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the sector closely. The report follows a recent article from Reuters published t...

China recycles another old regulation for the second time this week, this time in regards to mining. Looks like this is their way of preparing for the release of the Digital Yuan... Don't fall for the FUD.

submitted by /u/NFTfuture1 [link] [comments]

1 more FUD came again and BTC started crashing The State Council of China: Crack down on Bitcoin mining and trading, and prevent individual risks transmitted to the social field.

submitted by /u/JoinUpp [link] [comments]

Chinese Firm Invests $25 Million in ‘Cryptocurrency Mining Data Center’ in Texas

On Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center located in Texas. The binding investment worth $25 million is with Dory Creek, LLC as the...

ARK Investments have published an open-source Solar+Battery+Bitcoin economically scale mining model that provides energy to the grid while also mining BTC.

submitted by /u/DetroitMotorShow [link] [comments]

all mining pools with 1% of more of the total global bitcoin hashrate have signaled for Taproot

submitted by /u/bitentrepreneur [link] [comments]

Nvidia Aims to Get Its GPUs Back ‘Into the Hands of Gamers’ by Reducing Mining Capabilities on 3 Graphic Cards

A major chipmaker keeps making efforts to calm down the gaming community’s anger toward cryptocurrency miners who are taking the lead in buying graphic cards massively, boosting its prices. Nvidia has announced that it will deliberately limit t...

Here's some advice from someone that had $40,000 in debt in mining rigs when the 2017 crash happened.

In late 2016 my friend asked me if I wanted to help him setup some mining rigs. It seemed like a no brainer. Buy the rigs, have a 6 - 8 months ROI, live like kings, and if the market crashes he could sell all the GPUs at his PC/cell phone repair shop...

Nvidia Stripping Crypto Mining Capacity from its RTX Cards

GPU manufacturer Nvidia has made its GeForce RTX cards unappealing to cryptocurrency miners. Graphics card maker, Nvidia, has extended its campaign to diminish the use of its RTX 3080, RTX 3070, and RTX 3060 Ti cards being used for crypto mining. The...

Finally, a decent article about the real energy cost of Bitcoin mining, and where the industry is going in clean energy and renewables.

submitted by /u/Jethroe1 [link] [comments]

Nvidia extends limits on crypto mining to newest gaming graphics cards

The global head of GeForce marketing at Nvidia said that the reduced hash rate "only applies to newly manufactured cards," not to GPUs already purchased. Graphics card...

How I heat my home by mining crypto currencies (and uses LESS elctricity in the process...Bitcoin mining SAVES energy)

submitted by /u/tossmyrock [link] [comments]

Cathy Wood’s ARK Invest outlook on environmental impact of Bitcoin mining, and a real life example of their observation

A week ago, Cathy Wood’s ARK Invest came out on their latest outlook on the environmental impact of Bitcoin mining (see link below). According to them, Bitcoin mining will actually drive the adoption of more renewable energy, in particular solar. htt...

Ark Invest: Bitcoin Mining Net Positive to Environment, Concerns of BTC’s Energy Consumption Are Misguided

Following concerns raised by Tesla CEO Elon Musk about Bitcoin’s energy consumption, global asset manager Ark Investment Management explained that the concerns are “misguided.” Referring to its research using real-world data, the in...

Bitcoin mining actually uses less energy than traditional banking, new report claims

submitted by /u/ArrayBoy [link] [comments]

Mobile crypto ‘mining’ app possibly connected to personal data leak

A 17GB personal data leak reportedly sprung from the Pi Network mobile app. Disclaimer: This article has been updated to include comments from the Pi Network, which cl...

94.33% of mining power has signaled for Taproot

BTC.top has signaled for Taproot in their most recently mined block. As of 0933 EST 2021-05-17 94.33% of mining power supports Taproot. Taproot will not be activated during this difficulty cycle, but there is a good chance we will hit 90% total block...

Almost all major Bitcoin mining pools now signaling for Taproot activation

The largest Bitcoin mining pools are signaling for Taproot, but the activation may not reach the 90% critical consensus mark during this current difficulty epoch. Disc...

If we’re going to talk about carbon footprint of Crypto mining — how about lithium and cobalt mining, both of which use child labor

Here’s a short quote from an article recently released by the guardian: “In the case of cobalt, 60% of the world’s supply comes from the Democratic Republic of the Congo where large numbers of unregulated mines use children as young as seven as miner...

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