Bitcoin Mining

GDMining, a leading name in the cloud mining industry, is proud to announce its latest initiative aimed at making Bitcoin mining accessible to everyone. With its user-friendly platform and affordable pricing plans, GDMining is positioned as the go-to solution for individuals looking to unlock passive income through Bitcoin mining without the complexities and costs associated with traditional mining setups. Simplifying Bitcoin Mining for All Bitcoin mining has traditionally been viewed as a domain for tech-savvy individuals or those with significant financial…

PEGA Pool, an eco-friendly Bitcoin mining pool committed to reducing Bitcoin mining's carbon footprint, is thrilled to announce its sponsorship of Mining Disrupt 2023, the world's largest Bitcoin mining expo. Mining Disrupt 2023, taking place from July 25th - 27th in Miami, Florida, gathers top mining leaders, technology experts, and enthusiasts. The event serves as a platform for knowledge sharing, networking, and showcasing cutting-edge technologies that drive blockchain and cryptocurrency mining's advancement. As the Powered By sponsor, PEGA Pool will…

UK-based PEGA Pool announces the official launch of its eco-friendly Bitcoin mining pool that enables clients to offset their carbon footprint and incentivizes them to use renewable energy. By allowing clients to connect their ASIC miners to its platform and mine together, it provides them with a more consistent and attractive income than mining alone.   PEGA Pool is one of the world’s top 10 largest Bitcoin mining pools, according to BTC.com. With the growing adoption of Bitcoin, the Proof-of-Work…

Brad Jones – former leader of Texas’ energy grid – said on a recent DR panel that Bitcoin is helping balance the Texas grid – and make it green.  The former leader’s comments reflect Bitcoiners’ prior theories that the mining industry could become a boon to environmentalism, rather than a hindrance.  Miners Supporting Texas In a conference clip shared by DocumentingBTC, Jones explained that the Electric Reliability Council of Texas (ERCOT) had been long searching for demand-responsive loads of scale…

The provincial government of British Columbia, Canada, has enacted an 18-month freeze on setting up any new Bitcoin mining operations.  The pause will give the government time to assess whether the mining industry impacts its economic and environmental goals.  According to CBC News, the government has now suspended 21 applications for new mining operations in the province. Collectively, they would have consumed 1.403 megawatts of energy, equal to that of 503,000 homes or 2.1 million electric vehicles. “Cryptocurrency mining consumes…

With many crypto industry firms struggling through the bear market, the world’s largest digital asset exchange has offered to lend a hand. Binance Pool has announced a $500 million lending project to help support struggling crypto miners, helping keep the ecosystem afloat. According to Binance’s official announcement on Thursday, Binance’s pool will support both crypto miners and “digital infrastructure providers.”  Loans to such firms will be available for an 18 to a 24-month term, with interest rates ranging from 5%…

Cathie Wood’s investment management firm Ark Invest released its monthly report analyzing various market dynamics surrounding Bitcoin on Tuesday. It listed a few reasons Bitcoin’s price may have reached its cyclical bottom – one of which is that miners supposedly finished capitulating.  The Mining Bomb Per the report’s words, Bitcoin’s hash rate “suggests that miners are no longer in capitulation mode.” “Miner capitulation began in June 2022 and appears to be complete—a dynamic historically correlated with a high-conviction bullish environment,”…

Per a report from the Cambridge Center for Alternative Finance (CCAF), fossil fuels have been the primary energy source for BTC mining since the start of the year. The CCAF recently updated its Cambridge Bitcoin Electricity Consumption Index (CBECI).  Its study claims that 62% of all the energy the leading token has consumed so far consists of coal-based energy. BTC’s Energy-Intensive Mining Bitcoin employs the proof-of-work consensus mechanism to create new tokens and validate transactions on the blockchain. The PoW…

A Q2 2022 survey from the Bitcoin Mining Council (BMC) has estimated that Bitcoin’s energy mix is 59.5% sustainable. That’s the fifth consecutive quarter for which the global Bitcoin mining industry has been recognized as over 50% green. The Report As detailed in a press release on Tuesday, BMC’s data includes voluntary survey results from 45 mining companies across 5 continents. Together, they represent 107.7 exahash (EH) – roughly 50.5% of Bitcoin's total hash rate. ‘Hash rate’ refers to the…