A new Research Shows Bitcoin Mining Clean Energy Usage is Now More than 50%

Bitcoin mining is an activity that receives much criticism from people. So, the issue here is that there are always accusations of carbon emissions. But this is the past, as there are significant changes in energy use.  Bitcoin Mining Clean…

Here’s How Iceland Could Become a Crypto Mining Capital With Energy Surpluses

There’s an important part of the crypto industry that the world mostly focuses on. It is how crypto mining activities harm the environment. However, they always fail to highlight how mining is helping countries like Iceland to reduce energy waste. …

The Texas Bitcoin Miner Shutdown: A Deep Dive

Introduction In a recent turn of events, the Lone Star State made headlines by paying a staggering $31.7 million to a Bitcoin mining company, Riot Blockchain, to cease its operations in August 2023. This unexpected move has sparked a flurry…

This African Country Wants to Ban Bitcoin Mining Over High Energy Activities

Many countries want to ban Bitcoin mining, with many saying it contributes to the depletion of the environment. However, some other reasons they give are that the activity consumes large amounts of energy.  This African Country Making Plans To Ban…

Read This Inspiring Story of a Bitcoin Mining Set Up Turning Trash into BTC

Bitcoin mining is often associated with environmental pollution. In fact, when discussions of global warming come up, crypto-mining activities are often the scapegoat. However, many mining companies are coming together to change the definition of crypto mining. One is Nodal…

New Report From CoinGecko Shows it Can Cost More Than $200,000 For 1 Bitcoin Mining

Bitcoin mining is the process of validating Bitcoin transactions to earn rewards. However, the price of mining Bitcoin mostly depends on energy costs. Moreover, the cost of energy varies in different countries. CoinGecko released a new report explaining how much…

Is Bitcoin Clean? Bitcoin Mining Uses 63% Renewable Energy

Bitcoin mining is something many environmental activists are against due to the pollution it causes to the environment. However, a new report shows some improvement coming from the BTC mining sector. Apparently, the Bitcoin Mining Council succeeded in using renewable…

US Debt Ceiling Agreement Blocks Proposed 30% Tax on Bitcoin Mining

In a significant development for the cryptocurrency industry, the recent agreement on the US debt ceiling between President Joe Biden and House Speaker Kevin McCarthy appears to have blocked some proposed taxes, including the Digital Asset Mining Energy (DAME) excise…

Crypto Mining Tax Gets Strong Rejection from Presidential Contender

The crypto industry has faced a gauntlet of challenges, and it seems like the ordeal is not yet over.  The Biden administration aims to add a thirty percent tax on electricity consumed by crypto miners.  This new measure is supposed…

Arkansas Aims to Regulate Bitcoin Mining with the Data Centers Act of 2023

Arkansas recently joined a growing list of U.S. states regulating Bitcoin mining by passing the Arkansas Data Centers Act of 2023. The bill, now awaiting the governor’s final approval, aims to establish guidelines for miners while safeguarding them from discriminatory…