New Bitcoin hash rate highs remove any trace of China mining ban

Bitcoin (BTC) has all but deleted any trace of the mining ban which saw hash rate dive 50% this year. According to the latest estimates, the network hash rate is now back at levels from May, just before China outlawed its Bitcoin mining industry. Hash rate recovers the dip Five months since the largest ever migration in Bitcoin’s history began, network fundamentals have staged a major comeback. Coming in leaps and bounds as miners relocated and started over, the recovery in hash rate and network difficulty is now approaching a…

Bitfarms to Expand Production Facilities to Add 2.1 EH/s of Mining Power

Bitfarms (BITF), the Canadian crypto miner, is constructing two new production facilities in Sherbrooke, Québec that are slated to be completed in two phases next year, adding 78 megawatts of capacity total. The construction is scheduled to be completed in phases during the first and second quarters of 2022 and will accommodate about 21,000 new miners, according to a statement. The miner will use its existing hydro power contracts at an average cost of four cents per kilowatt hour and help with the company’s goals of achieving 3 EH/s mining…

From Pancake Batter to Bitcoin Mining: Struggling Businesses Try 2017-Style Pivots

Which is harder, mining bitcoin or selling pancake batter? Nate’s Foods is about to find out. The little-known, publicly traded company, based in Huntington Beach, Calif., announced Oct. 25 that it has started mining the oldest and largest cryptocurrency by market value. Ditching its original product – premixed pancake and waffle batter in pressurized cans – Nate’s has leased miners manufactured by Bitmain to earn new bitcoin at a rate of 500 terahashes per second. Nate’s said it plans to ramp up its hashrate, or computer processing power, to 1,500…

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DMG Blockchain Solutions teams up with Argo Blockchain to promote sustainable crypto mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io DMG Blockchain Solutions Inc (TSX-V:DMGI) (OTCQB:DMGGF) CEO Sheldon Bennett tells Proactive the Vancouver, Canada-based blockchain and cryptocurrency group is partnering with UK-based Argo Blockchain PLC (LON:ARB) (OTCQB:ARBKF) to promote the decarbonization of the cryptocurrency industry by signing the Crypto Climate Accord. Bennett says DMG and Argo are developing a new working group, called Terra Pool, where it will aim to shift to using clean energy to reduce the impact of Bitcoin mining on the environment, producing Bitcoin and other cryptocurrencies in a…

Bitcoin Mining Vs. The World: BTC Leads Sustainable Energy

Recent reports show that Bitcoin mining uses great amounts of renewable energy due to economic incentives. This turn of events raised their numbers of sustainable power mix to almost three times higher than the world average. As renewable energy offers low costs, bitcoin miners, who had to spend 68.42% of their total income to purchase electricity, have upscaled their efficient use of green energy. A recent data review shows how their mix of sustainable energy is higher than any country or industry. Bitcoin mining sustainable power mix estimated in 58%…

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Link : Shop link : ✔️✔️ S4FE is an advanced, decentralized network that helps prevent global theft using a blockchain-based database. Similar to a search engine, S4FE users can register and track their physical items and properties on the network. For Any Inquiry Email Us On 👇 👇 PrimeinvestorsYT@gmail.com Also Follow My Telegram Channel 👇 👇 Thanks. Disclaimer – We Make Videos For Educating People , So If you Decide To Invest After Watching Our Video Then We Will Not Be Liable…

Is China Considering Lifting The Bitcoin Mining Ban? The NDRC Runs Public Survey

The National Development and Reform Commission is asking the Chinese public for their opinion on the Bitcoin mining ban. Is China’s government playing 4D chess or are they confused and considering backtracking their decision? Can they unring this particular bell or is this a too little too late scenario? Do they really care about what the general public thinks or is this survey just for the optics? As it usually happens with the Chinese government’s actions, they leave more questions than answers. Nevertheless, let’s unpack the information available and see…

Bitfarms Mega-Mining Facility Raises Concerns Among Legislators in Argentina – Mining Bitcoin News

The construction of a bitcoin mega-mining farm in Argentina by Bitfarms is raising concerns for legislators. Martín Berhongaray, a national deputy, recently presented a resolution to force the government to disclose information about the installation of the facility, through representatives from the Ministries of Science, Technology and Innovation, Environment and Sustainable Development, and of the nation’s economy. Bitfarms Mega Farm in Sights of Legislators The ambitious project that Bitfarms, a mining behemoth headquartered in Canada, is building in Argentina, has already started to raise concerns with Argentinian legislators.…