BITCOIN MINING NEWS
Bitcoin worth $29 in 2010 suddenly moves after 16 years. Now this Satoshi-era BTC USD is valued at $8.3 million
A Bitcoin stash worth about $29 when mined in 2010 has moved for the first time in roughly 16 years. The 100.02 BTC was transferred on October 7 and was worth around $8.3 million at the time, with the coins sent to two new addresses.
Oklahoma Bitcoin mining data center leaks 3 million gallons of water, forcing schools, businesses and government offices to close despite 2023 Stop Work Order
In Oklahoma, a bitcoin mining data center is at the centre of a controversy after it leaked 3 million gallons of water despite 2023 Stop Work Order. The incident forced schools, businesses, and city and county offices to shut their operations. This incident shows a disastrous leak from an insufficiently policed operator with serious repercussions for local citizens.
Mystery Bitcoin investor turns $50 into millions with mind-blowing 59,999,900% return - here's his story
How Bitcoin investor turned $50 into $30 million: An anonymous Bitcoin holder moved 300 BTC mined in 2013. The coins were worth $50 then and are now valued at $30 million. Pete Rizzo spotted the move. Bitcoin surpassed Google in market capitalization. It reached $2.456 trillion. The crypto community celebrated the investor's patience. Bitcoin's surge is due to market forces. These include institutional adoption and inflation fears.
Bitcoin miners rush to beat Trump’s tariff clock
Crypto firms scramble to ship equipment from Southeast Asia as steep US levies loom.
With Bitcoins zooming, early wallets are suddenly becoming more active
The latest, according to a post on X from blockchain analytics platform Spot On Chain, happened on 15 November, when a "Satoshi-era Bitcoin wallet holding 2,000 BTC ($178 million) woke up after 14 years of dormancy."
Bitcoin, Ether prices surge up to 10% following US jobless claims data
Bitcoin and Ether prices surged after a drop in US jobless claims, easing labor market concerns. Federal Reserve actions and new Russian cryptocurrency legislation contributed to market optimism. Bitcoin rose 6.4% to $60,908, and Ether climbed 10.3% to $2,689, with other cryptocurrencies also recording gains.
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Tether acquires $100 million stake in US-Listed bitcoin miner Bitdeer
The two firms entered into a subscription agreement for a private placement of 18.6 million Class A ordinary shares, Bitdeer said in a statement on Friday, which generated $100 million in gross proceeds. There was also a warrant to purchase up to five million in additional shares at $10 per share. The private placement closed on Thursday.
Bitcoin environmental battles heat up in US
Bitcoin industry battles increase in US. Environmental concerns grow over energy consumption. Legal fights erupt over mining permits. Community backlash against noise and pollution. State-level laws challenge local regulations on mining operations.
Bitcoin Halving 2024 Explained : How it works & Why does it Matter
The 2024 Bitcoin halving, anticipated to drive prices up significantly, highlights the importance of Bitcoin in the crypto world. This event may lead to increased adoption, new regulations, and global financial system impacts.
El Salvador partnership to build $1 billion bitcoin mining farm
The announcement comes two years after Salvadoran President Nayib Bukele declared his intention to make bitcoin legal tender.
Cost of crypto: report say U.S. bitcoin as dirty as 6 million cars
The industry's carbon footprint, the groups said, was 27.4 million tonnes from mid-2021 through 2022 - three times that of the largest U.S. coal plant - or close to the annual emissions of 6 million cars, according to a calculator from the Environmental Protection Agency.
Low-carbon bitcoin? Crypto miners' green power talk angers Texas locals
As electricity prices hit $5,000 per megawatt hour on a hot day, it was no longer profitable to run the machines that compete to verify blocks of data and win new bitcoins, with the energy costs outstripping the value of the cryptocurrency produced during those expensive midday hours.
New York passes bill to halt Bitcoin mining for two years
According to Coindesk, mining companies based in New York have threatened to leave the state if the moratorium is passed.
Bitcoin miners want to recast themselves as eco-friendly
In bitcoin's early years, a crypto enthusiast could mine coins by running software on a laptop. But as digital assets have become more popular, the amount of power necessary to generate bitcoin has soared.
Cryptoverse: The young HODLers keeping bitcoin on an even keel
This trend could help stabilise the notoriously volatile crypto market and potentially provide a long-term floor, according to some market watchers who point to the fact bitcoin is up about 5% versus before the Russian invasion.
Bitcoin could be laid low by miners' malady
The cryptocurrency's spectacular rally in 2021 drew thousands of entrants into mining, or producing new coin. As a result the hashrate, or combined computational power used by bitcoin miners globally, has roughly quadrupled over the past six months to blow past 200 million "terahashes" per second.
Tesla to accept dogecoin as payment for merchandise, says Elon Musk
Tesla CEO Elon Musk on Friday said the electric carmaker will accept meme-based digital currency dogecoin for merchandise.
Kazakhstan unrest upends Bitcoin mining
The lack of connectivity disrupted huge cryptocurrency mining operations in the country, which has become one of the world's largest hubs for this activity.
A Bitcoin boom fueled by cheap power, empty plants and few rules
Soaring Bitcoin values may be the investment talk of Wall Street, but a few hours north, in upstate New York, the buzz is about companies that are scrambling to create the digital currency by “mining” it virtually with all types and sizes of computer farms constantly whizzing through transactions.
El Salvador plans $1 billion in tokenised Bitcoin bonds
After a 5 year lockup period, the government will begin to sell its Bitcoins and pay an additional dividend to investors, Mow said. He told Bloomberg News on Thursday about his proposal.
Bitcoin-mining power plant raises ire of environmentalists
Greenidge said it mined 729 bitcoins over three months ending Sept. 30. The value of cryptocurrency fluctuates, and on Friday, one bitcoin was worth over $59,000.
Bitcoin mining generates tonnes of e-waste: Study
This mining system had also created pressures miners to run only the latest, fastest, most energy-efficiency computer chips and discard older ones.
Anhui becomes latest Chinese province to root out cryptocurrency mining
Anhui will shut down all cryptomining projects in a cleanup aimed at reducing power consumption, as the province faces a "grave" supply shortage of electricity, according a news portal operated by state-owned Hefei Media Group.
China's cryptocurrency-mining crackdown spreads to Yunnan in southwest
In addition to concerns about the huge amounts of energy needed for the computing power to create cryptocurrencies, the central government is also concerned about speculation after a surge in the price of bitcoin.
China blocks several cryptocurrency-related social media accounts amid crackdown
More actions are expected, including linking illegal crypto activities in China more directly with the country's criminal law, according to analysts and a financial regulator.
Cryptos such as Bitcoin are a farce: Amundi CIO
"Bitcoin will be remembered for pushing central banks to adopt digital money," Pascal Blanque said.
Bitcoiners waving eco-friendly bona fides bet on green premium
Some are working to sell what they are calling green Bitcoin -- coins whose transactions are verified on the blockchain by computers powered only by renewable energy.
What crypto insiders think about Elon Musk’s bitcoin U-turn
“The most logical answer is that he’s feeling pressure” from people who think “that one can’t be green and own crypto,” said investor Michael Terpin, calling that position “uninformed.”
Bitcoin price tumbles, recoups after Elon Musk's U-turn on Tesla payments
Bitcoin price dropped from around $54,819 to $45,700, its lowest since March 1, in just under two hours following Elon Musk's tweet that Tesla will stop accepting the world's largest cryptocurrency for payments against its electric cars.
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