ANTPOOL Mining Pool Review
Even after over 13 years of non-stop mining, about 1.7 million bitcoin remain unmined. Reports suggest that the last of the BTC will be mined over 120 years from. Mining bitcoin is an activity attracting massive traction across the crypto landscape. However, the complexities led many to contribute their hashrates to various mining pools to increase […]
Munich International Mining LLC
How profitable is it to mine bitcoin in 2023?
On December 20th, 2022, one of the largest bitcoin mining companies, Core Scientific, filed for bankruptcy. The plunging bitcoin prices led to massive losses, rubbing the company’s market cap from $4.3 billion to just over $78 million. Other reports indicate that towards the end of 2022, bitcoin mining companies had racked up $4 billion in […]
Iceland becomes the biggest bitcoin hashrate producer per capita
Iceland is the number one hash rate producer per capita globally. This tiny island has attracted bitcoin miners on a large scale facilitated by its natural resources and the government. Crypto mining is dictated by three significant factors, including power costs, hardware specs, and cooling requirements. Iceland provides affordable power costs and cooling methodologies, leaving […]
Dynamics Mining Kentucky
Impact of New York’s Bill Banning Mining – Is It Possible to Circumvent the Ban?
In Nov. 2022, New York became the first state to impose a temporary ban on new cryptocurrency mining permits to address environmental concerns about the energy-intensive activity. The bill, signed by Gov. Kathy Hochul, was the latest setback in a tumultuous year for the crypto industry, which had lobbied vigorously against it but was unable to counter […]
Reasons Why We Should Be Concerned About Crypto Mining’s E-Waste
Crypto mining is the process of creating new digital “coins” is the process of, but that is about as straightforward as it gets. One must solve a complex puzzle to find these funds, validate bitcoin transactions on a blockchain network, and add the lost monies to a distributed ledger. What is Crypto Mining? […]
Could the Sustained Pressure From Pro-Environmental Groups Be a Threat to Crypto Mining?
The crypto industry has recently been in the news for all the wrong reasons: from a chilling bear market that’s seen the sector lose more than $2 trillion in less than a year to an assortment of high-profile bankruptcy cases involving blue-chip crypto companies such as FTX, Celsius Digital, and Voyager. To add to […]