The debate on the impact of crypto mining on the environment takes center stage

The debate on the impact of crypto mining has been on for as long as cryptocurrencies came into existence. Bitcoin, the pioneer cryptocurrency, uses a proof-of-work consensus mechanism to validate its blockchain.

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Bear Market Outlook: Public Bitcoin Mining Companies And Their Profitability

As the market inches towards what looks to be a bear market, bitcoin investors are looking towards other blockchain avenues to weather what is expected to be a long winter. Public bitcoin miners are one of the avenues that grew to prominence through the bull rallies of 2021. The growth of the value of their […]

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Nicehash Review – How To Use Nicehash and Is It Profitable?

Mining cryptocurrency is a risky but potentially a very profitable endeavor. Downloading mining software for a certain up-and-coming coin can pay off big time in the long run; early Bitcoin miners who got into it while the difficulty/price were at early 2010’s levels are the best witnesses for that.

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Warning! Star-Miner Joins Long List of Cloud Mining Scams

Cloud mining and other crypto mining scams are some of the most prolific crypto fraud types operating today. New entry Star-Miner is only the most recent in a long list. In this article BNC profiles several of them—many of which are still actively defrauding people today–and offers an easy to use guide for how to spot mining frauds.

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Report: Bitcoin consumes less energy compared to banking and gold industry

For a very long time, Bitcoin’s energy consumption has been used as a whip by many critics of the asset who believe that the amount of energy used in mining new units of the coin could impact the environment negatively.

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'No need to apologize,' says Pompliano chiming in on the Bitcoin energy debate

Bitcoin mining has long been singled out for its contribution to rising global carbon emissions. Estimates suggest that the Bitcoin network consumes roughly 122 terawatt-hours of electricity annually.

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Increased Unspent Miner Supply Shows Why Bitcoin Miners Are Bullish For The Long Term

Key Takeaways Bitcoin miners unspent supply sitting just 500 BTC below its previous all-time high according to Glassnode.   The data asserts the bullish position of Bitcoin miners. Despite a high profit margin, Bitcoin mining still faces some serious challenges.

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Warning! Hashbiter & TRX mining scams are live

Cloud mining and other crypto mining scams are some of the most prolific crypto fraud types operating today. New entries ‘Hashbiter. com’ and a range of Tron mining scams are only the most recent in a long list.

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HashBiter: A Leading Crypto Cloud Mining Platform for Earning Passive Income

At a time when trading cryptocurrencies does not seem profitable or a little bit too risky then mining high-valued digital coins is a better and more sensible investment strategy that could produce profit in the long run without depending on the volatility of the market sentiments.

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Unraveling the future of Bitcoin, Ethereum mining revenues in 2021

While Bitcoin and Ethereum might be facing a short-term correction at the moment, the overall market cap of the two coins came a long way in 2021. In fact, the miners have traveled a long way as well.

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Crypto Staking: How to Get Passive Income

The world of crypto offers its investors a variety of ways to increase their earnings. While some invest in mining to increase their holdings, others opt for crypto staking instead. Crypto staking is the process of “locking up” a piece of your cryptocurrency to contribute to the blockchain network over the long term in exchange for a return on their investment.

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Paris Listing Bitcoin Mining ETF as Gold’s Record Broken

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Warning! USDminer and Muxminer are both scams

Cloud mining and other crypto mining scams are some of the most prolific crypto fraud types operating today. New entries Muxminer.com and USDminer.com are only the most recent in a long list. In this article BNC profiles several of them—many of which are still actively defrauding people today–and offers an easy to follow guide for how to spot mining frauds.

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Bitcoin Miner Revenue Returns To Bitcoin Bull Run Levels

Miner revenue for bitcoin had taken a hit following the China crackdown. The industry has had a long recovery period as miners had to find new locations to set up their mining operations after their exit from China.

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New York I.T. Supervisor Arrested for Mining BTC at Work

The worker allegedly used around 50 county-owned devices to mine cryptocurrency in a government office on Long Island. The post New York I.T. Supervisor Arrested for Mining BTC at Work appeared first on BeInCrypto.

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Turkey: This Dogecoin mining scam may have duped investors to the tune of $119M

The crypto-community has long been plagued by scams and frauds. Especially since people have often come up with ingenious ways to rip users off their crypto-holdings. A recent example from Turkey is aThe post Turkey: This Dogecoin mining scam may have duped investors to the tune of $119M appeared first on AMBCrypto.

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How Canada’s Outstanding Hydroelectric Power Can Single-Handedly Fix Bitcoin’s Energy Consumption Dilemma

For a long while, the huge amounts of energy used by the Bitcoin network in mining the cryptocurrency have been a subject of discussion. Many have decried the network to be bad for the environment, as the high energy usage could be contributing to climate change.

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Economist claims a $500,000 Bitcoin would be disastrous for CO2 emissions

The founder of Digiconomist, Alex de Vries, predicts that, in the long run, the cost of mining a Bitcoin will rise to the price of a Bitcoin. The post Economist claims a $500,000 Bitcoin would be disastrous for CO2 emissions appeared first on CryptoSlate.

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Bitcoin Hash Rate Recovers To 2020 Levels, A Long Ways To Go

Data compiled by Arcane Research shows the Bitcoin 14-day moving average hash rate now exceeds 100 EH/S – a level last seen in May 2020. From this, the data analysis firm concludes that the China mining exodus is finally complete.

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China Quitting Bitcoin Mining Is Very Positive in Long Term: Anthony Scaramucci

SkyBridge CEO Anthony Scaramucci explains why Bitcoin will benefit in the long run from China’s crackdown on crypto miners

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Bitcoin mining difficulty just fell by a record 28% — But will this help BTC price recover?

The ratio of Bitcoin price to hash rate presents bulls with a long wait, as hash rate is still migrating.

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GoMining Makes Cryptocurrency Mining Experience Seamless

Cryptocurrency mining has become a global phenomenon, more people realize the potential for relatively high returns. However potential miners are faced with barriers to entry such as expensive equipment, high energy costs, and a long waiting period to realize a return on investment.

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El Salvador releases ‘sneak peek’ of volcanic Bitcoin mining

Volcanoes have long been painted as a method of natural destruction.

The post El Salvador releases ‘sneak peek’ of volcanic Bitcoin mining appeared first on CryptoSlate.

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China Will Knock Out The U.S. In The Race For Crypto Adoption, Coinbase Co-Founder Asserts

China, which has long dominated other countries in Bitcoin mining power and adoption, but has also recently clamped down hard on bitcoin miners, is now being touted as the country that will likely beat the U.

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Chinese Mining Facilities Face Shutdown as Texas Continues to Impress

All mining facilities in Xinjiang, Inner Mongolia, and Qinghai provinces have been shut down. China has long accommodated over half the world’s bitcoin miners, but now, Beijing wants them out ASAP.

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These 2 companies are working on a solar-powered Bitcoin mining facility

Not so long ago, Michael Saylor, MicroStrategy CEO stated Bitcoin to be the 'greatest customer' for renewable energy in the world. The world's largest cryptocurrency has had a fair share of criticism The post These 2 companies are working on a solar-powered Bitcoin mining facility appeared first on AMBCrypto.

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The Hacker Group Anonymous allegedly threatens Elon Musk for his take on Bitcoin Mining and misleading thousands of investors to shitcoins like Dogecoin

One of the biggest mysteries of the internet world is back after quite a long time, and they are back with another shocking video threatening Elon Musk for his unthoughtful comments on Twitter. Up until last year, Elon Musk had huge respect and people used to admire him for making space exploration and electric cars […] The post The Hacker Group Anonymous allegedly threatens Elon Musk for his take on Bitcoin Mining and misleading thousands of investors to shitcoins like Dogecoin appeared first on ItsBlockchain.

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Crypto Long & Short: What I’ve Learned in the Past Five Years

Seven main takeaways on crypto markets from my time at CoinDesk. Plus: the future of the Bitcoin Mining Council.

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Iran bans crypto mining – a long period of inactivity ahead for miners

In a bid to cut down on power consumption, Iran’s government has banned the mining of Bitcoin and other cryptocurrencies until the nation’s power issue is resolved. On Wednesday, the country’s president Hassan Rouhani stated that there have been energy-intensity blackouts in some Iranian cities.

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Mining vs. Staking – Which Should You Choose?

We’re pretty sure that’s the most asked question in the crypto area after “Should I buy Bitcoin?”.  For as long as time has been recorded, “old vs. new” was always in trend. There will always be those people loyal to the origins and those who want to try everything new. And even if crypto onlyRead More

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Warning! NHash cloud mining joins long list of scammers

Cloud mining contract scams are one of the most prolific crypto fraud types operating today. In this article BNC profiles several of them - many of which are still actively defrauding people today.

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Nicehash Review 2021 – How To Use Nicehash and Is It Profitable?

Mining cryptocurrency is a risky but potentially a very profitable endeavor. Downloading mining software for a certain up-and-coming coin can pay off big time in the long run; early Bitcoin miners who got into it while the difficulty/price were at early 2010’s levels are the best witnesses for that.

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Fracking Companies Pivot to Mining Bitcoin as Pandemic Woes Continue to Bite

Bitcoin is often slammed over its high electricity consumption. Critics argue this is wasteful and unsustainable in the long term. However, in an unusual twist to the environmental debate, it turns out that fracking companies are utilizing waste gas to power Bitcoin mining rigs.

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Solar Hashes: Mining digital assets the right way!

The past year has dealt the most devastating blow to the economy in at least a very long time. Experts compare the current coronavirus crisis with the Great Depression of the 1930s, althoughThe post Solar Hashes: Mining digital assets the right way! appeared first on AMBCrypto.

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How Long Does It Take to Mine One Bitcoin in 2021?

The use of bitcoin as a store of value has grown tremendously. Bitcoin’s attraction has revived a much more positive reception of blockchain networks and cryptocurrencies in general. The Bitcoin network and mining Amid the 2008 Wall Street financial crisis, an anonymous author and developer, Satoshi Nakamoto, published a whitepaper proposing a decentralized currency model … Continued The post How Long Does It Take to Mine One Bitcoin in 2021? appeared first on BeInCrypto.

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Long Blockchain Corp has officially been delisted by SEC

The beverage maker turned Bitcoin mining company has failed to file its financial reports with the SEC.

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EmiSwap Introduces Magic Card NFTs to Boost Yield Farming Rewards and Gamify DeFi

Two crucial blockchain trends – DeFi and NFT – have long been developing along separate tracks. Now they are finally coming together thanks to EmiSwap – a decentralized exchange that leverages non-fungible Magic Cards to gamify trading and liquidity mining.

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Long in China’s Shadow, the US Is Becoming a Bitcoin Mining Power Again

Following a string of investments, miners are increasingly optimistic about prospects for the U.S. market in 2021.

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You can now stake POS cryptocurrencies with HolyTransaction wallet

For a long time, crypto traders have been engaging in the expensive and power-intensive mining process to make profits. Fortunately, things are now easier with an alternative to crypto mining which does not require lots of energy nor expensive equipment to earn rewards.

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Crypto Long & Short: What Are Regulators Thinking?

Noelle Acheson ponders what regulators have been up to, bitcoin on the Ethereum blockchain, mining diversity and more.

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TikTok Ban: The Beginning of a New Age in Social Networks?

President Donald Trump has signed an executive order that forbids American companies to transact with Tencent and Bytedance. The ban comes after a long debate involving alleged data mining from apps like WeChat and TikTok.

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The Evolution of Proof of Stake – From Peercoin and Nxt to Algorand

The concept of using Proof of Stake (PoS) as an alternative to Proof of Work (PoW) for securing crypto networks has been around for a long time now. It was Sunny King and Scott Nadal who first proposed PoS in 2012 as a more energy-efficient solution than mining, which has traditionally been used to secure blockchains such as Bitcoin.

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Bitcoin’s post-halving price action is mirroring that seen in 2016; What this means for BTC

Bitcoin’s recent mining rewards halving event was long looked upon as a catalyst for the cryptocurrency to see further strength – from both a fundamental and technical perspective. The post Bitcoin’s post-halving price action is mirroring that seen in 2016; What this means for BTC appeared first on CryptoSlate.

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Bitcoin mining at home yields 'pristine BTC with more privacy'

Remember the days when anyone with a computer could mine Bitcoin? Yes, a long time ago, before the days of ASIC, a few lucky ones did mine Bitcoins with their computers. As Bitcoin's mining difficuThe post Bitcoin mining at home yields 'pristine BTC with more privacy' appeared first on AMBCrypto.

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Amid Youtube Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tv

In mid-May, news. Bitcoin. com reported on one of our mining pool videos being censored and banned from the video-sharing platform Youtube. The report had shown how Youtube has been censoring videos for a long time now, and the CEO specifically told the public certain coronavirus films would be removed.

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Bitcoin Miners Spark Second Capitulation Of 2020. How Long Will It Last?

Bitcoin fell almost 10% during this last week, betokening the beginning of the second mining capitulation so far this year (the first was in March during the black Thursday) and the third in the last nine months, according to data provided by market researcher and digital asset manager Charles Edwards. Bitcoin experienced its worst week […]

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First Mover: Bitcoin Just Got Easier to Mine, but for How Long?

Bitcoin's mining "difficulty" just fell 6%, giving small-scale miners a reprieve. But this is only a small dip before an even steeper ascent.

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Crypto Long & Short: Mining Derivatives Point to Growing Sophistication

Noelle Acheson picks apart trends in global interest and trust in crypto asset technology, and revisits the growing financialization of bitcoin mining.

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Data Snippet - Increased interest in out-of-the-money Bitcoin options echoes uncertainty surrounding halving effect

Bitcoin options have long suffered from low liquidity, but with volatility high since the mid-March pullback and the mining reward halving, options have rebounded. Recently, market-wide open interest surpassed one billion dollars for the first time.

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