The dirty secret to bitcoin’s huge power consumption is its massive power consumption. Computers around the world consume enough electricity to mine bitcoin. It is somewhere around the Netherlands and Poland, depending on how you estimate. Electricity has become so important that one private equity company owns a power station to mine bitcoin. Greenidge Generation claimed that they could mine one […]
El Salvador Considers Mining Bitcoin Using Energy From A Volcano
El Salvador, the first country to legalize Bitcoin, is now considering mining its own cryptoassets using BigBlock Datacenter (based in Nantes). This would be a great opportunity for the company, especially considering the fact that opportunities exist to share some of the action, given the closing of 90% of Chinese mining companies. Adriana Mira, El […]
Will Institutional Push Help Bitcoin Become Mainstream?
Talks of JPMorgan Chase offering Bitcoin for its wealthy customers has assisted the maximum cryptocurrency rebound back from its recent lows. The transfer will help legitimise the going concern of this digital money that has been announced ‘dead’ about 400 times within the past decade. ‘The number of such proclamations peaked in 2017, however the […]
Australian man Craig Wright’s claim he invented bitcoin to be considered by UK court
An Australian computer scientist who maintains he generated bitcoin is taking legal actions in the uk, which might induce the court to rule whether he’s really the cryptocurrency’s inventor. London’s high court this week let Craig Wright’s attorneys to pursue the operator and also writer of this bitcoin.org site, known as Cobra, more than what […]
Crypto Nears $2 Trillion As Bitcoin and USD Close Quarter on a High
Crypto markets have been enjoying a second day at the green – until a surprising flash accident – although the large banks are still limiting their losses. International economy cap frees up 2.4percent immediately, requiring crypto to $1.92 trillion, based on information firm. By all counts, that is a brand new all-time large – beating […]