Elon crashes Bitcoin – The Bitcoin mining energy debate begins
Elon Musk tweeted today that Tesla has suspended vehicle purchases using Bitcoin. He said that Tesla is concerned about the rapidly increasing use of fossil fuels for Bitcoin mining.
Samson Mow on Blockstream, Seetee, Bitcoin Mining, NFTs & Infinite Fleet
Andy is joined by Samson Mow, CSO at Blockstream. Samson discusses the partnership between Blockstream and Seetee, a new Bitcoin company started by a 100-year-old company from Norway. He talks about the drop in hashpower from Chinese miners as American miners increase, and he explains why he thinks Bitcoin will hit $100k in 2021 and could go even as high as $300K leaving $100K as the new price floor.
Why a Norwegian billionaire wrote 2021’s most bullish Bitcoin letter
Norwegian Billionaire Kjell Inge Røkke says that Aker ASA, his Norwegian fishing, oil, and engineering company has established Seetee, a new company dedicated to investing in projects and companies in the Bitcoin ecosystem. Seetee will keep all its liquid investable assets in bitcoin.
Layer1 opens Texas Bitcoin Mining Operation
While China has long dominated Bitcoin mining, new operations in the U.S. are poised to pull the industry further West.
Bitcoin’s energy footprint less than expected finds new study
Studies on the environmental impact of Bitcoin have been polarizing - suggesting that mining is either a catastrophic waste of energy or of no concern at all. The truth is likely somewhere in the middle.
The new Texas gold rush: Bitcoin mining
China has long dominated the Bitcoin mining industry, but a recent merger between two Western mining companies will make a small area of Texas home to the world's largest Bitcoin mine.
Bitcoin hash rate hits new all time-high as mining hardware continues to join the network
Fundamental indicators show strong growth on the Bitcoin network. The two-week average hash rate reached a record high of 99 exahashes per second on Monday, while the mining difficulty jumped to nearly 12 trillion.
Iran and Québec embrace Bitcoin mining
In the latest stage of its transformation from hobbyist activity to professional industry, Bitcoin mining is being embraced by governments as a way to sidestep sanctions and bolster the local economy.
Bitcoin mining is largely eco-friendly says report
A report by CoinShares is providing new insight into the state of the bitcoin mining industry. Among one of the most interesting findings in the paper is that the global bitcoin mining sector is largely environmentally friendly due to the widespread use of renewable energy.
Bitcoin mining – back in (the) black
At the bottom of the late 2018 crypto bear market, the price of bitcoin dropped below the $4,500 threshold at which most miners are no longer profitable. A number of bitcoin mining operations were forced to turn off their machines creating an existential threat to the bitcoin network. In April, market sentiment improved as bitcoin roared back to $5,000, and now Bitfury has announced a new bitcoin mining fund. Is bitcoin mining back?
Numbers that count: Debunking the fundamentals of BTC money flow
We are still in the early days of research into the effects of bitcoin transaction volumes on-chain and on-exchange to filter one from the other and sort the spam from the valid transactions. While there isn't universal agreement on one pure metric we can at least acknowledge some of the fallacies of measuring transaction volume and Bitcoin supply/demand and look at the latest efforts from various resources to gauge real volume
Five interesting facts about crypto mining
Crypto mining pools have been a natural response to the issue that arises from solo mining - namely that there is massive financial risk in mining alone due to the fact that mining is essentially a game of chance.
The economics of mining Bitcoin
Cryptocurrency has been getting a lot of attention in mainstream media lately, leading to a large influx of people wanting to get in on the action. As a co-founder of a cryptocurrency index fund, a blockchain developer and a Bitcoin miner, I have a little advice for those folks who are new to the scene and want to ride Bitcoin's coattails. I'm purposely targeting Bitcoin mining, ignoring other — possibly more profitable or easy to mine —currencies. However, most of the challenges and calculations I'm introducing in this article will apply to altcoins as well.
The Bitcoin mining hardware race is on
The ASIC mining hardware manufacturing industry has so far largely been dominated by Chinese manufacturer Bitmain, which has sold equipment equivalent to about 60% of the current hashrate. However, several reputable companies have made promising announcements lately about entering the ASIC mining hardware industry with cutting-edge new equipment.
Segwit2X — Forked from the get-go?
Announced on May 23rd, The New York Agreement (NYA) is the contract between the Bitcoin miners who represent the majority of Bitcoin’s hashing power, and a group of over 50 other businesses, to implement the Bitcoin software upgrade Segwit2x. While it’s no secret that the NYA isn’t loved by everyone in the Bitcoin community, a series of events on October 24th left many wondering if the agreement might unravel entirely — leaving the project with no path forward to achieve its goal of upgrading Bitcoin and increasing its block size.
Russia’s Internet Ombudsman takes on China’s Bitcoin mining industry
A Russian Government-linked startup named RMC One published a presentation on Tuesday that describes an upcoming Initial Coin Offering (ICO). The organization is looking to raise US$100 million to become a leading cryptocurrency mining hardware manufacturer. Formally referring to themselves as the ‘Russian Mining Company,’ RMC One was founded by Dmitry Marinichev, better known as Russia’s Internet Ombudsman, the technology advisor to Russian President Vladimir Putin.
