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Mining
Bitcoin narrowly dodges record 10 weeks in the red
👋 Want to work with us? CryptoSlate is hiring for a handful of positions!Bitcoin broke out of its record 9-week trend of closing in the red with its June 5 close at $29,997, barely above the $29,422 level required to be in the green.BTCUSD…
Bitcoin miners sell during the downturn, what does this mean?
Against the backdrop of fiscal tightening and slowing growth in the crypto industry, Bitcoin miners are selling their holdings. Crypto YouTuber Lark Davies commented that this has been happening since the start of the crypto crash.
Usually,…
Objectors to New York’s mining ban say governments can’t dictate ‘valid use of…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions!Ethereum‘s co-founder Vitalik Buterin and Coin Metrics‘ co-founder Nic Carter recently opposed the recent mining ban decision of New York, saying that it’s not okay…
Kenya invites Bitcoin mining firms to tap surplus geothermal power
Kenya is looking to become Africa’s first Bitcoin mining hub by inviting Bitcoin mining companies to use surplus geothermal energy to power their operations, according to local media outlet The Standard.
KenGen, the largest electric power…
New York senate passes bill that could ban crypto mining in the state
👋 Want to work with us? CryptoSlate is hiring for a handful of positions!Lawmakers in New York passed a bill that would ban new Proof-of-Work (PoW) mining operations from setting up shop in the state.The bill is now headed to the desk of…
Biden administration to draft report on crypto miners’ energy use, emissions
An energy team of the White House is drafting a policy recommendations report to address issues concerning cryptocurrency mining’s energy consumption and emissions, according to a report by Bloomberg Law.
The policy report, expected in…
What now for crypto as ESG called out as a scam?
Environmental, social, and corporate governance (ESG) is billed as a powerful vehicle to create value, drive sustainability, and deliver a more equitable world. But behind the social justice warrior hype lies the potential to pick winners…
Block, Blockstream and Tesla partner up to create eco-friendly mining farm powered by the sun
👋 Want to work with us? CryptoSlate is hiring for a handful of positions!Block and Blockstream are setting up a green Bitcoin (BTC) mining station in Texas, powered by Elon Musk‘s sustainable solar battery megapacks produced by Tesla…
ErgoDEX prepares for imminent launch on Cardano
The ErgoDEX team tweeted that they are two weeks into a testnet run and have been getting stable results. The next step is performance optimization and ironing out bugs before launching on the Cardano chain.
We have been running our…
China makes a comeback in the Bitcoin mining scene
New Bitcoin (BTC) mining data from the Cambridge Centre for Alternative Finance (CCAF) has revealed that China has resurfaced as a leading mining hub.
This resurgence comes after the country banned BTC mining in the past year, citing BTC’s…