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2022-06-03 22:52:10 Crypto Mining News pinned « Leading CryptoNews Channel Cryptocurrency Inside Crypto News Onchain analytics Market updates/insights https://t.me/Cryptocurrency_Inside No Subscription Fee Free of Advertising» Open / Comment

2022-06-03 22:52:07 Leading CryptoNews Channel
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2022-06-03 09:52:02 Bitcoin Miners Are Selling Off Their BTC Holdings to Cope With Market Headwinds

Bitcoin miners are selling off their mined tokens as the tumbling price of bitcoin erases profit margins at the same time capital markets are becoming less friendly.Miner flows to exchanges have reached their highest point since January, Compass Mining – a bitcoin mining services company – wrote in a research note today using data from CoinMetrics.

Mining bitcoin (BTC) has become less profitable as the price of the crypto has trended downwards, with popular machines like Bitmain's Antminer S9 becoming money losers at electricity prices of six cents per kilowatt hour. Struggling miners who would prefer not to shut down their rigs can look to raise capital in the debt or equity markets and/or sell off bitcoin holdings.

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2022-06-02 12:41:02 Kazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1

The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the electricity spent to mint digital currencies, which was introduced in January.

Kazakhstan has received 652 million tenge (almost $1.5 million) from the crypto mining industry in the first three months of the year, the government announced this week. The funds have been collected through a surcharge on the electricity used by mining farms operating legally in the country.

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2022-06-01 18:55:06 Ethereum nears greener proof-of-stake validation method for mining

A test network, called Ropsten Ethereum, that’s been used for development and test of proof-of-stake is slated to merge into the main Ethereum network on June 8 as part of the crypto’s transformation.Since the beginning of 2022, the second largest digital currency has sunk 47%, while it fell 28% in May alone.

Ethereum is counting down to its shift away from energy-intensive proof-of-work validation to proof-of-stake.A test network, called Ropsten Ethereum, that’s been used for development and test of proof-of-stake is slated to merge into the main Ethereum network on June 8 as part of the crypto’s transformation.Ethereum’s switch to proof-of-stake should give the crypto a boost, according to analysts, as the soon-to-be faster, cheaper and more secure network can surely only be bullish.

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2022-06-01 18:53:32 Binance  Labs closes $500M investment fund to boost blockchain, web3, and value-building technologies!

The company's venture arm, Binance Labs, said Wednesday it has raised $500 million for its debut start-up fund, securing backing from venture capital firms DST Global and Breyer Capital as well as unnamed family offices and corporations. It comes after Andreessen Horowitz last week announced a mammoth $4.5 billion fund to invest in crypto start-ups.

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2022-05-30 12:27:02 Almost 60% of Bitcoin mining now on sustainable energy: Bitcoin Mining Council

The use of sustainable energy for bitcoin mining has grown by almost 60% according to the Bitcoin Mining Council (BMC). In the last 12 months, electricity use in the sector has decreased by 25%.

The mining industry is rapidly adopting sustainable energy, according to a new report from the Bitcoin Mining Council (BMC). According to Cointelegraph, the sustainable energy mix for the global bitcoin mining industry has grown by about 59% year over year.

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2022-05-29 22:31:00 Renewable-only Bitcoin project to be powered by huge Tesla batteries

The new facility will be capable of 30 Petahashes per second and powered exclusively by a 3.8 megawatt (MW) solar farm and a 12 megawatt-hour (MWh) Megapack battery system, provided by Tesla. A recent tweet from Blockstream shows that it has now received a delivery of four Megapack batteries.

Tesla previously invested $1.5 billion into Bitcoin in early 2021 and followed up that move with accepting Bitcoin as a payment option for new vehicles. Within a few days, Tesla reversed this decision, citing concerns regarding the use of fossil fuels and their associated emissions when it comes to powering Bitcoin mining and transactions.Elon Musk believes that Tesla will accept Bitcoin as a payment option once more in the future when the energy use associated with Bitcoin comes from a higher proportion of renewable sources. With the upcoming Blockstream Bitcoin mining facility.

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2022-05-29 12:38:54 Leading CryptoNews Channel
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2022-05-28 23:36:54 Coinbase co-founder Fred Ehrsam acquired another $1.8 million in COIN stock the last Tuesday

Earlier this month, Ehrsam bought 1,091,814 Coinbase shares for $75 million.

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