DMG and Argo to Launch a Clean Energy-Focused Bitcoin Mining Pool

DMG and Argo to Launch a Clean Energy-Focused Bitcoin Mining PoolThe blockchain and crypto firm DMG Blockchain Solutions has revealed a partnership with the crypto asset mining business Argo Blockchain. The two firms have decided to launch a bitcoin mining pool that’s focused on leveraging clean energy resources. DMG Blockchain Solutions (TSX-V: DMGI) and Argo Blockchain Plc (LSE: ARB) have recently entered into a Memorandum […]

BTC Miner Stresses: ‘Bitcoin is One of the Most Environment-Friendly Financial Networks’

BTC Miner Stresses: 'Bitcoin is One of the Most Environment-Friendly Financial Networks'While bitcoin has been gathering widespread attention with prices touching all-time highs, mainstream pundits have tried to attack the leading crypto asset for its energy consumption. It seems a new ‘bitcoin is bad for the environment’ editorial is published nearly every week by mainstream journalists, tech authors, and climate activists. This week a representative from […]

Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System

Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today's Banking SystemWhile bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen Diehl expressed his dissatisfaction over the environmental cost of bitcoin. […]

Russian Oil Giant Provides Excess Gas to Operations Powering Bitcoin Mining Devices

Russian Oil Giant Provides Excess Gas to Operations Powering Bitcoin Mining DevicesThe firm Gazpromneft, an oil subsidiary of the Russian natural gas and global energy company Gazprom, is giving bitcoin mining operations the chance to power operations by using excess gas for electricity. The Russian firm has allowed a small mining operation to benefit from the excess gas by mining bitcoin on-site at the oil field. […]

Mining Report Highlights China’s ASIC Manufacturing Improvements and Dominance

During the first month of the new year, the research firm Tokeninsight published its “Mining Industry Annual Research Report,” which covers the competitive bitcoin mining sector. Tokeninsight’s study highlights the fact that BTC’s hashrate increased by 80% in 2019, even though BTC’s year-over-year average price dipped by 1.9%. Tokeninsight’s report also notes that more than […]

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Mining Report Shows 65% of Bitcoin’s Hashpower Stems From China

Mining Report Shows 65% of Bitcoin's Hashpower Stems from ChinaAs the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the bitcoin mining industry. Since Coinshare’s last report published in June, BTC’s hashrate grew by 50 exahash per second (EH/s) and the firm believes a decent portion of the power stems from China. Also […]

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How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste

How Big Hydro Power Deals With Bitcoin Miners Prevent Energy WasteWe are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining is actually helping electricity producers prevent energy waste. […]

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