Bitcoin price and energy use for mining highly correlated: UN report

2023-10-31 13:41

UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global BTC mining network consumed 173.42 TW/hs of electricity.

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Источник: cointelegraph.com

mining bitcoin → Результатов: 126

Bitcoin’s surge sparks 30% hike in mining gear prices as buyers move to Hong Kong

Bitcoin’s recent price surge has driven up mining equipment costs, with Shenzhen's Huaqiangbei district—a global hub for crypto hardware—seeing a notable 30% price hike.

2024-12-20 11:10	Mining
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Energy Crisis In Iran — Is Bitcoin Mining To Blame?

Bitcoin mining, while a largely profitable venture for mining companies and individuals, can cause plenty of problems. The rise of crypto mining can raise rates, weaken grids, and even cause power blackouts in certain countries like Thailand, Venezuela, and Kazakhstan.

2024-12-15 11:00	Иран
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Top Satoshi Candidate Weighs in on Bitcoin Space Mining

Top Satoshi candidate claims that critics of Bitcoin space mining are wrong

2024-12-4 18:11
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Bitcoin mining profits in Russia to face new 15% tax rules, officials say

The Russian government has greenlit draft amendments to a bill aimed at taxing crypto mining and transactions. Russia is moving forward with a draft amendment to its Bitcoin (BTC) mining legislation, introducing new tax rules for crypto mining, transactions, and…

2024-11-19 13:56	Russia
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Bitcoin mining protocol Prosper bags token funding from BIT Mining

Decentralized protocol Prosper secures investment from BIT Mining as it expands its solution to include institutional-grade Bitcoin mining and liquidity farming. Prosper, a decentralized protocol bridging Bitcoin (BTC) mining to the blockchain by providing hashrate-backed tokens representing live Bitcoin mining…

2024-11-15 14:34	Mining
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Explore Ion Mining’s Free Cloud Mining for Bitcoin Mining Enthusiasts

ON Mining is a platform that focuses on making it easier for ordinary users to participate in Bitcoin mining. The post Explore Ion Mining’s Free Cloud Mining for Bitcoin Mining Enthusiasts appeared first on NFT News Today.

2024-11-5 00:45	Press Release
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Russia enacts control measure on Bitcoin mining operations

Russia's new Bitcoin mining regulations could reshape global crypto dynamics, influencing digital currency adoption and international trade strategies. The post Russia enacts control measure on Bitcoin mining operations appeared first on Crypto Briefing.

2024-10-27 08:17	Markets
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Bitcoin Mining Difficulty Hits All-Time High as Mining Revenue Rises; Signals Upcoming Bull Run

Bitcoin mining difficulty jumps 3.9%, hits 95.67T on Tuesday, amid record hashrate.

2024-10-24 13:48
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Northern Data embraces AI boom, mulls ditching Bitcoin mining roots

Europe’s largest Bitcoin miner, Northern Data, is exploring the potential divestment of its mining division, Peak Mining, as part of a strategic shift to focus entirely on its rapidly growing AI Solutions business, according to an Oct.

2024-10-22 21:30	Mining
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Cleanspark’s $27.5M expansion to boost Bitcoin mining power by 22%

CleanSpark is set to acquire seven Bitcoin mining sites in Tennessee, along with associated properties, for $27. 5 million, according to a Sept. 11 statement. The miner stated that these facilities have a combined power capacity of 85 megawatts (MW), which means the deal equates to about $324,000 per MW.

2024-9-12 23:30
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Bitcoin Mining Difficulty Hits Record 92 Trillion

The Bitcoin mining difficulty hit a record high of 92.67 trillion on September 11, displaying intensifying competition on the network. The rise indicates greater security from surging collective computing power dedicated to mining Bitcoin.

2024-9-12 15:14
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AI or bust? Crypto mining sector looks for options as Bitcoin mining revenues drop

Bitcoin's mining sector is struggling, with revenue declining sharply Transitioning to AI data centers might present significant cost and logistical challenges for Bitcoin miners In August, The post AI or bust? Crypto mining sector looks for options as Bitcoin mining revenues drop appeared first on AMBCrypto.

2024-9-6 10:00	BTC Trading View
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The New Mission Critical Facilities: Bitcoin Mining Farms

A look at the operational dynamics and needs of data centers as it relates to Bitcoin mining.

2024-8-30 16:51
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Bitcoin mining stocks stay weak as options market hints at rebound

Bitcoin mining stocks trended lower as volatility in the cryptocurrency continued. Marathon Digital, the biggest mining company, dropped by 2. 3% on Aug. 28, marking a 38% decline from its highest point this month.

2024-8-29 16:16	Mining
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These Two Mining Companies Now Control Over 50% of Bitcoin Hashrate

The crypto community is increasingly alarmed as Bitcoin mining centralization could jeopardize BTC's foundational principles. The post These Two Mining Companies Now Control Over 50% of Bitcoin Hashrate appeared first on BeInCrypto.

2024-8-26 17:00	Mining
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Russia’s Putin gives green light to Bitcoin mining legalization

Two years after nearly banning Bitcoin and BTC mining, Russia has embraced the leading cryptocurrency to some degree. On Aug. 8, Russian President Vladimir Putin officially legalized Bitcoin (BTC) and digital asset mining by signing new laws. Henceforth, a national…

2024-8-9 21:02	Russia
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Bitcoin miner Riot Platforms acquires rival Block Mining for $92.5m

Colorado-based Bitcoin mining company Riot Platforms has acquired its Kentucky-based competitor Block Mining to increase its operational capacity by 16 EH/s. Bitcoin (BTC) miner Riot Platforms has acquired Block Mining, a Kentucky-based crypto mining firm, for $92.5 million to expand…

2024-7-24 09:50
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Compute Maximalism: The Symbiosis Between Bitcoin Mining and AI

A look at how Bitcoin mining and AI can work together to create streamlined data center operations and facilitate efficient power grid management.

2024-7-24 20:10	bitcoin mining
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Loka announces new Bitcoin mining pool for renewable energy miners

Loka, a decentralized Bitcoin mining pool, has partnered with Hashlabs to offer Bitcoin miners access to immediate liquidity via a new protocol. The partnership with Hashlabs, a sustainable energy mining provider with operations in Ethiopia, Finland and Kazakhstan, enables Loka…

2024-7-16 16:00	Mining
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6 Best Bitcoin Cloud Mining Apps for Beginners in 2024

The world of Bitcoin mining has seen significant changes, allowing even beginners to easily participate and profit from Bitcoin mining through apps that offer cloud mining services. Cloud mining enables users to mine Bitcoin without the need for expensive hardware or technical expertise.

2024-7-8 12:49	Sponsored
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Discover the 5 Ultimate Bitcoin Mining Platforms – Skyrocket your income with the best in the industry

Many people find Bitcoin mining in the cryptocurrency business an attractive way to earn passive income. However, mining in the traditional sense requires a lot of electricity and expensive equipment.

2024-7-4 00:00	Latest News
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Greenpeace: Bitcoin mining companies are hiding energy data, Wall Street is responsible

In a new report filed by Greenpeace, the climate group called for Wall Street accountability in crypto mining, and it correlated bitcoin mining to excessive global energy usage. Greenpeace claimed that Bitcoin (BTC) mining has evolved into a significant industry…

2024-6-18 20:01	Mining
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A New Bitcoin Era Just Begun As Nations Vie For Dominance, Says Expert

Former President Donald Trump’s recent endorsement of Bitcoin mining in the United States has sparked intense debate and speculation among experts, policymakers, and the broader crypto community. Trump’s statements, made on late Tuesday, suggest a strategic pivot towards making the US a dominant force in BTC mining.

2024-6-13 14:30	Donald Trump
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Bitdeer introduces energy-efficient Bitcoin mining chip

The chip will enhance Bitcoin mining performance, minimize power consumption, lower costs and reduce its environmental footprint.

2024-6-8 12:53
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China Never Banned Bitcoin Mining, Researcher Reveals

In a striking revelation that challenges widely-held perceptions, Daniel Batten, a Bitcoin environmental impact analyst, disclosed that BTC mining was never officially banned in China. According to Batten’s research, despite widespread reports to the contrary, the so-called “ban” was actually a temporary suspension, and mining activities have largely resumed across the country. Bitcoin Mining Was […]

2024-6-7 10:00	btc price
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Gold or Bitcoin: What is the Future of Mining?

Gold and Bitcoin mining highlight their environmental impacts, regulatory challenges, and future sustainability efforts. The post Gold or Bitcoin: What is the Future of Mining? appeared first on BeInCrypto.

2024-5-30 19:44
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Tether partners with Swan to expand Bitcoin mining operations

Stablecoin issuer Tether has expanded its mining endeavors by collaborating with Swan’s Managed Bitcoin Mining service. According to the press statement, the firm has dedicated an undisclosed amount of substantial capital to establish its Bitcoin mining operations through Swan.

2024-5-8 14:50	USDT
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CEO of Loka Mining on Bitcoin’s DeFi possibilities

Speaking to crypto.news in an interview, Andy Fajar Hardika, CEO of Loka Mining, discussed the evolution of decentralized finance (defi) on the Bitcoin network. On April 19, 2024, Bitcoin mining rewards were slashed in half. Mining a block will now…

2024-5-3 14:48	DeFi
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New Data Reveals Bitcoin Mining May No Longer Be Profitable – Here’s Why

New data has revealed that Bitcoin (BTC) mining might no longer be as lucrative as it used to be. Bloomberg has reported that the profitability of Bitcoin mining is nearing a record low, not seen since the days following the collapse of FTX, posing significant challenges for those securing the network. The data indicates that […]

2024-4-27 05:30	crypto market
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Block’s CEO Jack Dorsey Reveals New Bitcoin Mining System

Jack Dorsey's Block has unveiled a new bitcoin mining system, following the completion of a 3nm mining chip, aiming to decentralize the supply and hashrate distribution in the cryptocurrency mining sector.

2024-4-24 23:21
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Bitcoin Halving Is a ‘Show Me the Money’ Moment for Miners

With April’s “halving” set to cut mining rewards by half, Bitcoin miners are upgrading to more efficient mining machines, cutting costs, finding cheaper sources of power and exploring mergers and acquisition opportunities.

2024-3-19 19:53
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Investors shift away from Bitcoin mining stocks as spot ETFs open new avenue, Luxor says

With the approval of spot Bitcoin ETFs, traditional investors seem no longer relying on crypto-friendly mining stocks as a proxy to gain access to BTC. Publicly traded Bitcoin (BTC) mining companies have traditionally served as a gateway for investors to…

2024-3-15 12:16	Stocks
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Bitcoin halving unlikely to catch big mining companies off guard, says GoMining CEO Mark Zalan

With Bitcoin halving around the corner, the buzz in the crypto world has hit the roof. Bitcoin is nearing all-highs and mining is the talk of the town. Invezz spoke to Mark Zalan, CEO of GoMining, to gather insights on BTC mining.

2024-3-1 13:05	Bitcoin
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Could Bitcoin Mining Companies Face Threats From the Failure of This Crypto Bank?

B. Riley, the lender of last resort that loaned Bitcoin mining company Core Scientific $70 million, is the subject of a new probe. More details here. The post Could Bitcoin Mining Companies Face Threats From the Failure of This Crypto Bank? appeared first on BeInCrypto.

2024-1-23 17:30
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Here's how Bitcoin mining can fight climate change

Texas, the global hub of Bitcoin mining, had the highest profit potential. The added revenue could be used to invest in renewable energy installations. Over the years, Bitcoin [BTC] mining The post Here's how Bitcoin mining can fight climate change appeared first on AMBCrypto.

2023-11-30 01:30	BTC Trading View
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Block CEO Jack Dorsey Leads $6.2 Million Investment Round In Decentralized Bitcoin Mining Pool

Jack Dorsey is backing a Luke Dashjr-led initiative to decentralize bitcoin mining globally with a transparent, non-custodial mining pool.

2023-11-29 22:00
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WATCH: Block CEO Jack Dorsey to Discuss Bitcoin Mining Decentralization

Official livestream of the special event hosted by Ocean, a latest-generation decentralized bitcoin mining pool.

2023-11-28 16:00
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Bitcoin Mining Difficulty Hits New Record High

Bitcoin mining reaches new peak with 5.07% increase in mining difficulty to record 67.96 T

2023-11-26 19:13
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Mastering Bitcoin Mining at Home: The Revolutionary Bitaxe 1366 and 1397 ASIC Miners

Bitcoin mining has evolved remarkably, transitioning from simple CPU mining to advanced specialized hardware. This progression, driven by innovation, constantly refines the balance between cost and computational power.

2023-11-20 14:00	BNC insights
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Bitcoin: Assessing the ups and downs of BTC mining in Q3

Miner fees accounted for 4.38% of the block subsidies on average in 2023. The hashrate dramatically climbed in September after staying muted during summer. Bitcoin [BTC] mining remains one oThe post Bitcoin: Assessing the ups and downs of BTC mining in Q3 appeared first on AMBCrypto.

2023-10-21 01:30	BTC Trading View
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Mining BTC is harder than ever — 5 things to know in Bitcoin this week

Bitcoin wakes up to near $28,000 ahead of a jump to a new BTC mining difficulty record as billionaire investor Ray Dalio conjures the chilling thought of “World War III.“

2023-10-16 11:35	Interest Rates
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This is how Bitcoin must perform to sustain its mining industry

Miners’ balance has gained upward momentum for the past few weeks. BTC was down by over 2% in the last 24 hours, and a few metrics looked bearish. The Bitcoin [BTC] mining sector has bThe post This is how Bitcoin must perform to sustain its mining industry appeared first on AMBCrypto.

2023-10-11 16:30	BTC Trading View
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Is Bitcoin Mining Turning Unprofitable? Hash Price Reaches All-Time Low

Concerns arise about BTC miners' profitability amid the Bitcoin network's growing efficiency and security. Some fear declining revenues may affect mining pool viability and the blockchain's future.

2023-9-8 14:48
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Bitcoin Spark: A new paradigm in crypto mining

Crypto mining has been a fundamental aspect of the blockchain ecosystem since the inception of Bitcoin. Over the years, various cryptocurrencies have emerged, each with its unique mining mechanisms anThe post Bitcoin Spark: A new paradigm in crypto mining appeared first on AMBCrypto.

2023-9-2 13:05	SPN News
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Iris Energy buys latest Nvidia GPUs to explore generative AI & bolster Bitcoin mining

The sustainable Bitcoin mining firm Iris Energy has invested $10 million in the latest Nvidia H100 GPUs. The company has purchased 248 pieces of equipment as it wants to navigate generative AI while focusing on its core business – BTC mining.

2023-8-30 18:40
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Bitcoin Spark to offer easy mining solutions powered by smartphones

What is Bitcoin mining? Bitcoin mining refers to the method through which fresh bitcoins are introduced into circulation. This process is not only crucial for maintaining and developing the blockchThe post Bitcoin Spark to offer easy mining solutions powered by smartphones appeared first on AMBCrypto.

2023-8-12 13:00	SPN News
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63% renewable energy used by Bitcoin Mining Council making up 43% of global mining network

The Bitcoin Mining Council (BMC) reported significant strides in sustainable power usage and technological efficiency in Bitcoin mining, according to the findings of its survey for the first half of 2023.

2023-8-10 13:23	Mining
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KuCoin suspends Bitcoin, Litecoin mining amid shifting strategy and layoff rumors

According to an Aug. 2 statement, KuCoin plans to suspend its Bitcoin (BTC) and Litecoin (LTC) mining pools, effective from Aug. 15, until further notice. The exchange attributed its decision to its “evolving business strategy” and advised its mining pool users to transition their miners to alternatives before the deadline.

2023-8-3 02:00	Mining
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Bitdeer Launches Fund For Bitcoin Mining Operations In Bhutan

Bitdeer, a Bitcoin mining company headquartered in Singapore, has launched a closed-end fund to invest in the Bitcoin mining industry in Bhutan. This represents a part of the firm’s efforts to expand its mining operations in the South Asian country.

2023-7-29 16:40	BTC
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Former Government Employees, Compliance Officers Rally for Detained Binance Executive

A handful of former prosecutors and compliance professionals staged a protest in front of the United Nations General Assembly Wednesday.

UNDP partners with the DFINITY Foundation to enhance financial inclusion of MSMEs

The United Nations Development Programme (UNDP) has partnered with Swiss-based blockchain technology powerhouse the DFINITY Foundation to enhance financial inclusion for MSMEs. UNDP announced the partnership in a press release on July 3, noting that the DFINITY Foundation will leverage…

North Korea gets 50% of foreign earnings due to weak security measures in crypto industry, UN says

A recent United Nations report highlights North Korea’s significant role in cyberattacks, particularly targeting crypto firms amid sanctions enforcement and nuclear concerns. The United Nations Security Council has released a new report, indicating North Korea‘s escalating involvement in cyberattacks, which…

United Nations selects HBAR Foundation, Envision for blockchain-based carbon data marketplace

HBAR Foundation in a collaboration with the United Nations, Envision Blockchain and Swirlds Labs unveiled a new digitization platform for carbon markets. According to a press release on Monday, Dec.

United Nations taps Algorand to develop blockchain training course for 22k employees

The United Nations Development Programme has partnered with Algorand Foundation to provide its staff with blockchain knowledge and insights. In a press release on Nov. 30, 2023 the Algorand Foundation has announced the launch of a blockchain academy to bolster…

Kraken will share data of 42,000 users with IRS

The information will be sent to the Internal Revenue Service in early November.

2023-10-31 13:41

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