Cryptocurrency Mining

Mining Sector Continues To Grow As Cleanspark Has Acquired A Mining Facility

Mining Sector Continues To Grow As Cleanspark Has Acquired A Mining Facility

CleanSpark has announced that it has recently signed an agreement with Mawson’s Bitcoin mining facility. The cryptocurrency mining firm has announced that the deal they have agreed upon is worth multi-millions. CleanSpark’s $30 Million Deal CleanSpark officials have confirmed that they have formed a $30 million agreement with Mawson’s Bitcoin mining facility. The particular facility is based in Sandersville, Georgia. For CleanSpark, the significance of the deal is to increase their hash rate for mining cryptocurrencies. As the year 2022 began, the cryptocurrency sector has been experiencing the worst time ever. The valuation of the cryptocurrency market has lost more…
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Crypto Mining Farms At Russian Oil Wells Reach 85 MW Of Capacity

Crypto Mining Farms At Russian Oil Wells Reach 85 MW Of Capacity

According to experts, crypto mining farms that were established at oil fields in Russia are now using an energy capacity of about 85 megawatts (MW). According to a report, even though Western sanctions have created some issues, investors are still thinking about expanding projects that would use 200 megawatts (MW). Energy use for crypto mining The oil fields in Russia have become a hotspot for establishing crypto mining centers and they are using about 85 megawatts (MW) of energy, which stands at 23% of total consumption. Small power plants provide the electricity supplied to these crypto mining farms, which is…
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Does Bitcoin (BTC) Miner Capitulation Eventually Has an End Date?

Does Bitcoin (BTC) Miner Capitulation Eventually Has an End Date?

Bitcoin miners witnessed some respite as Glassnode confirmed miners' balance touched a 4-year high. First and foremost, BTC market recovery might have supported the same. Nevertheless, can August ensure relief considering the previous relationship between cryptocurrency and miners? Fixing the Past Miner capitulation is the primary indicator to reveal the relationship's status. Miner capitulations appear when a substantial percentage of miners shut their operations for an extended time. Blockware, a crypto mining company, revealed its recent Intelligence Newsletter on July 29, confirming the same. The hash ribbon index shows the ongoing miner capitulation event started on June 7. Meanwhile, it…
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Bitcoin Mining Company MintGreen Is Providing Heat For Vancouver

Bitcoin Mining Company MintGreen Is Providing Heat For Vancouver

Bitcoin has seen a meteoric rise since its inception. With this rise in popularity has come a corresponding increase in price, leading to massive profits across the board for crypto holders. With Bitcoin still being the ‘market decider’, its growth always spells good fortune for the rest of the crypto market and that has, in turn, led to increasing crypto adoption in different industries.  However, one problem that seemingly seems to go under the radar quite often is the downside that crypto mining and Bitcoin mining, in particular, has on the environment. The mining company, MintGreen, seems to have found…
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Largest Crypto Mining Equipment Producer in China has Halted its Sales

Largest Crypto Mining Equipment Producer in China has Halted its Sales

Bitmain is the largest hardware manufacturer for crypto asset mining, and it is planning to eradicate the sale of its equipment in the mainland of China, according to the reports. This is the result of an enormous amount of pressure put in by the government of China in order to stop crypto mining in the country because the Chinese government believes that it is increasing their carbon footprint, so it should be illegal in the country to mine crypto assets. Even though the company has not yet released a statement which suggests that they are suspending their sales in the…
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China to Add Crypto Mining to Negative List of Investment

China to Add Crypto Mining to Negative List of Investment

It seems that there is no way to get China on board with the idea of decentralization and accepting cryptocurrencies for what they are. Once again, the country is hell-bent on eradicating every trace or speck of decentralization from its borders. Recently China has announced to add crypto mining and other activities into the negative list of businesses to invest in. The very feud that China has with cryptocurrencies dates back to the mid-May crash when a severe crackdown was initiated by the government against crypto miners, and as a result, the hash rate of Bitcoin declined so rapidly that…
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How to Select the Best Supplier of Crypto Mining Hardware

How to Select the Best Supplier of Crypto Mining Hardware

Crypto mining is gaining ground among crypto traders and investors who want to earn passive income without much effort. Cryptomining or cryptocurrency mining is a process in which miners verify transactions happened between crypto users, and record it in the blockchain digital open ledger. You can earn a handsome amount mining cryptocurrencies, especially bitcoin. Choosing the right mining hardware is one of the key steps to getting started with crypto mining. In this blog post, we are going to let you know what you need to consider when choosing an online supplier for mining hardware. Be sure to consider the…
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