New York Businesses Urge Governor to Deny Permits for Crypto Mining

New York businesses have reached out to governor Kathy Hochul asking for a ban on crypto mining, citing environmental concerns. In a letter the business owners and labour groups requested Hochul to deny permits to the conversion of NYC’s fossil fuel plants into crypto mining centres. Crypto mining is the process of generating new tokens. […]

Bitcoin Mining Will Heat Up North Vancouver from 2022

The Canadian city of North Vancouver is considering Bitcoin mining as a way to generate and provide heat to its residents. The city’s energy provider Lonsdale Energy Corporation (LEC) is planning to move away from the use of conventional natural gas and “decarbonise” the production of heat. In 2022, the LEC in collaboration with a […]

El Salvador- First To Adopt Bitcoin As Legal Currency, Eyes ‘Greener’ Crypto Mining

Salvadoran government in September began harnessing geothermal energy for bitcoinmining El Salvador’s unfolding experiment as a first-adopter of the crytocurrency bitcoin could be increasingly powered by new streams of renewable energy, the chief of the country’s hydroelectric commission told reporters on Friday. Energy-intensive cryptocurrency “mining” is done by computers, and has come under criticism from […]

“Looking To Build A Bitcoin Mining System”: Square CEO Jack Dorsey

On Friday, bitcoin topped $60,000 for the first time in six months Square Inc Chief Executive Officer Jack Dorsey said on Friday the fintech firm is looking to build a bitcoin mining system based on custom silicon and open source for individuals as well as businesses. This would add to Square’s existing bitcoin-focused projects including […]

Jack Dorsey Says Square Is Looking to Build a Bitcoin Mining System

Square Chief Executive Officer Jack Dorsey said on Friday the fintech firm is looking to build a Bitcoin mining system based on custom silicon and open source for individuals as well as businesses. This would add to Square’s existing Bitcoin-focused projects including a business to build an open developer platform, as well as a hardware […]

US Becomes Largest Bitcoin Mining Centre After China Crackdown

The United States has overtaken China to account for the largest share of the world’s Bitcoin mining, data published on Wednesday by Britain’s Cambridge Centre for Alternative Finance showed. The figures demonstrate the impact of a crackdown on Bitcoin trading and mining launched by China’s State Council, or cabinet, in late May, which devastated the […]

Crypto Mining Proposed as ‘Negative’ Industry in China to Stop Investments

China has added cryptocurrency mining to a draft list of industries in which investment is restricted or prohibited, although it reduced the number of sectors on the list overall, a document released by the state planner showed on Friday. The “negative list” details sectors and industries that are off-limits to both Chinese and foreign investors. […]

El Salvador President Teases Bitcoin Mining Centre Being Set Near Volcano

Nayib Bukele, the President of El Salvador posted a 25-seconds long video that promises the “first steps” in Bitcoin mining. The footage showed glimpses of what reports speculate is a new volcanic geo-thermal Bitcoin mining facility being built in El Salvador, the world’s first country to legalise Bitcoin as legal tender. Earlier in June this […]

Top Global Bitcoin Mining Machine Maker May Pull Shutters Down on China Sales

Bitmain, the Beijing, China-headquartered manufacturer of Bitcoin mining machines is reportedly considering the suspension of sales in mainland China. The move comes after China imposed a blanket ban on crypto activities earlier last week, categorising them as punishable offenses. Bitmain has not made any announcements about this as of now, but three people familiar with […]

Sparkpool Shuts Down Ethereum Mining Pool in China

Sparkpool, the world’s second-largest mining pool based on Ethereum blockchain, is halting access for members in China following the ban on crypto-trading imposed by the country. In two days, by September 30, Sparkpool will be winding up all of its services from China. The company, based out of China’s Hangzhou city, was founded in the […]

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