ICYMI: The Scoop Mining Report with Wolfie Zhao: How Bitcoin mining companies have initiated new power capacities in 2022
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A Bitcoin mining operation in the Finger Lakes runs up against New York's climate lawFor more than a year, local residents and businesses have protested a natural gas plant that has powered a bitcoin mining operation in the Finger Lakes region — now it faces even greater peril due to a NY state law designed to cut down on carbon emissions.
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Bitcoin miners selling stock and BTC as returns halve since NovemberToo much competition can be bad, especially when the bears are in charge. Bitcoin miners are selling off coins from their stockpiles and shares in their companies after the profitability of mining took a dive since November. (Reporting via NewarBrian)
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Flower powered: Bitcoin miner heats greenhouses in the NetherlandsTalk about a Dutch oven! In the Netherlands, a Bitcoin miner is heating greenhouses to grow produce and bloom “Bitcoin flowers.”
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Russia Goes Bullish On Bitcoin With Proposed Crypto Mining Tax ReductionThe Russian Ministry of Economic Development (RECD) has announced that it would cut a significant percentage of taxes on Bitcoin mining activities within the region. This announcement, which was reported by local news source Izvestia, further explained the plans of the Kremlin government to...
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$120B Oil and Gas Giant ConocoPhillips Joins The Bitcoin Mining Fuel BusinessConocoPhillips, one of the world’s largest independent oil and gas exploration companies is utilizing its extra gas to power Bitcoin mining. According to a Tuesday report by CNBC, the company disclosed that it is currently running a pilot project in Bakken, an oil-rich region in North Dakota...
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