Crypto world can’t wait for ‘the Merge’

Computer banks are used to mine cryptocurrencies in La Plata, Argentina. A long-awaited upgrade to Ethereum, the most popular crypto platform, may make the technology more environmentally sustainable. But it comes with risks. (Sarah Pabst/The New York Times) SAN FRANCISCO: The cryptocurrency industry has endured a terrible year. A devastating crash wiped out nearly $1 … Read more

Zimbabwe presses ahead with its ‘gold plan’ to fight inflation, offering miners incentives to beat production targets

(Kitco News) Zimbabwe, which has been trying to control inflation by selling gold coins, is now going a step further. He wants to incentivize the country’s largest gold miners to produce above planned state targets. In July, Zimbabwe’s central bank began selling gold coins to control inflation by providing a store … Read more

Bitcoin Mining Stocks Rise Along With Rising Cryptocurrency Prices

Editor’s Note: With so much volatility in the market, stay on top of the daily news! Get up to speed in minutes with our quick roundup of the news and expert opinions you need to read today. Sign up here! (Kitco News) – Bitcoin mining companies offer investors additional exposure to the crypto … Read more

How is crypto mined and why is it bad for the environment?

In September, Ethereum plans to merge its existing system with the new Ethereum 2.0 Beacon Chain system, in a move that is expected to reduce energy expenditure by 99.95%. Over the last decade, the demand for cryptocurrencies has skyrocketed: the total cryptocurrency market capitalization now exceeds $3 trillion (about £2.5 million pounds). But as the … Read more

Crypto Miners Irritate Green Advocates Over Power Usage

A representation of the cryptocurrency is seen in front of the Coinbase logo in this illustration taken on March 4, 2022. [Photo/Agencies] The extensive use of energy by crypto firms has drawn the ire of some US lawmakers and raised concern from experts, who warn that their operations threaten to erase years of work devoted … Read more

Crypto Miner Bitzero To Buy Former North Dakota Missile Site For Data Center

Posted: July 25, 2022 at 6:38 pm ET BISMARCK, ND — A crypto mining company plans to rebuild an anti-ballistic missile site in northeastern North Dakota abandoned in the 1970s into a data center that can be used for mining bitcoin and other digital currencies, Governor Doug announced. Burgum on Monday. Bitzero Blockchain Inc., which … Read more

New York State Throws an Arrow at Bitcoin Mining

This is an op-ed by Rick Mulvey, author of The Fraud Within and contributor to Bitcoin Magazine. The New York State Department of Environmental Conservation has dealt another blow to upstate’s Greenidge Generating Facility, which produces electricity for the power grid and also mines bitcoin. Greenidge said the decision, announced Thursday, to deny them a … Read more