How Bitcoin Can Unlock The Energy Of The Ocean For 1 Billion People

how-bitcoin-can-unlock-the-energy-of-the-ocean-for-1-billion-people

Bitcoin can breathe new life into Ocean Thermal Energy Conversion (OTEC), a 150-year old renewable technology stymied by economies of scale. Bitcoin has the potential to help unlock between 2 to 4 terawatts of clean, continuous and year-round baseload power — for one billion people — by harnessing the thermal energy of the oceans. The … Read more

3K+ Bit Digital hosting partner’s crypto miners go offline after explosion and fire

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The company said it will be seeking reimbursement for the lost revenue from mining crypto, with operations at Niagara Falls “hoped to resume within a few weeks.” New York-headquartered crypto mining firm Bit Digital reported two of its hosting partners ceased operations to more than 4,800 rigs following power disruptions at different facilities.  In a … Read more

How Pizza Day Relates To Bitcoin Mining

how-pizza-day-relates-to-bitcoin-mining

Laszlo Hanyecz’s significant contributions to Bitcoin far outweigh the possible regret he may have for spending 10,000 bitcoin on two pizzas. Memes aside, what is the significance of Bitcoin Pizza Day? When Bitcoiners buy pizza on May 22 every year, what exactly are they celebrating? We all know the story, and we’ve all probably wondered, … Read more

Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market

contrarian-bitcoin-investors-identify-buy-zones-even-as-extreme-fear-grips-the-market

A popular BTC price metric points to “extreme fear” in the market, but contrarian investors say multiple on-chain metrics suggest Bitcoin is in buy territory. Bitcoin (BTC) support at the $30,000 level has proven to be quite resilient amidst the turmoil of the past two weeks with many tokens in the top 100 now showing … Read more

Why We Can’t Trust Bitcoin Mining Hash Rate Data From China

why-we-can’t-trust-bitcoin-mining-hash-rate-data-from-china

The changing proportion of Bitcoin network hash rate emanating from China can be explained by the inherent flaws in how this data is collected. China has “re-emerged” as a major bitcoin mining hub in 2022, representing more than 20% of the Bitcoin network’s hash rate, according to new data from Cambridge’s Centre for Alternative Finance … Read more

U.S. Mining Stocks Drop Almost 50% Despite Hashrate Increasing

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The Cambridge Center for Alternative Finance, a financial research institute affiliated with Cambridge University, has found that the Bitcoin hashrate was up by 4% in August from the previous year, from 35% to 39%. But, still, the mining stocks have seen declines in the last month, with Bitcoin prices going down. The concluded figure involves … Read more

Jack Dorsey’s Block Wants To Create Economic Empowerment With Bitcoin

jack-dorsey’s-block-wants-to-create-economic-empowerment-with-bitcoin

Among Block’s initiatives to further the Bitcoin ecosystem shared in its 2022 Investor Day is the development of an open-source bitcoin mining ASIC chip. Block’s overarching purpose is to drive economic empowerment in the world and Bitcoin plays a central role in that mission, its chief executives said during the firm’s first Investor Day since … Read more

New Data Shows China Still Controls 21% Of The Global Bitcoin Mining Hashrate

new-data-shows-china-still-controls-21%-of-the-global-bitcoin-mining-hashrate

China is back with a vengeance. The Cambridge Centre for Alternative Finance, or CCAF, collected data “spanning the period from September 2021 to January 2022” for their latest study. The headline is that, ban or no ban, the Asian country controls 21% of the Global Bitcoin mining hashrate. Since June 2021, here in NewsBTC, we’ve … Read more

China Emerges as Leading Bitcoin Mining Hub a Year After Crackdown: Cambridge Data

china-emerges-as-leading-bitcoin-mining-hub-a-year-after-crackdown:-cambridge-data

China outlawed Bitcoin mining last May. Exactly a year later, the country has re-emerged as the leading venue for mining operations. A new study revealed underground mining activity in the country had catapulted it to second place globally in terms of installed mining capacity. China’s Apparent Comeback Cambridge Centre for Alternative Finance (CCAF) reported the … Read more

China Emerges As Second-Largest Bitcoin Mining Hub Despite Ban

china-emerges-as-second-largest-bitcoin-mining-hub-despite-ban

A report from Cambridge exploring bitcoin mining shows the U.S. as the dominant global player and China in second despite the country’s ban last year. New data from Cambridge details a portrait for the global hash rate of bitcoin mining. The U.S. is solidifying its position as the global leader with 37.84% of the global … Read more