Riksbank, Sweden’s Central Bank, Wants To Ban Bitcoin

riksbank sweden ban bitcoin mining

The Central Bank of Sweden has suggested to ban proof-of-work mining algorithms to fight energy-consuming digital currencies such as Bitcoin. It has been suggested that POW (proof-of-work) mining consumes too much energy and should be banned in favor of less energy-intensive methods. Recently, the Swedish central bank tweeted that energy consumption had increased in recent […]

These Luxury Apartments in Argentina Will Have a Bitcoin Mining Farm for Residents

Bitcoin Mining Apartment

A new building called Pampa 2.0 would be the first of its kind to feature a bitcoin mining facility in Argentina. The new apartment complex in the exclusive neighborhood of Belgrano in Buenos Aires, Argentina, will launch this project with the idea of helping its residents to “earn by living” in their apartments. This building […]

Bitcoin Mining Ban Will Hurt New York and Our Environment

Bitcoin Minin New York City

New York State lawmakers will soon vote on legislation that would impose a two-year moratorium on bitcoin mining operations. New York has always been an engine of both economic and technological development, which is why a ban would effectively drive away substantial investments and high-paying jobs for New Yorkers, affecting their growth in the process. […]

Bitcoin Mining Ranked As One Of The World’s Most Sustainable Industries

Sustainable Bitcoin Mining

The Bitcoin Mining Council confirms a constant improvement in sustainable power mix technological efficiency in Bitcoin mining. The BMC released the first 2022 report on the state of the network and one of its most controversial aspects: energy consumption. The data in this report represents 50% of the BTC network. This year’s results show that […]

Blockware Solutions Building 150 MW Bitcoin Mining Site in West Virginia

blockware solutions

Blockware Solutions (BWS) said on Wednesday that it will collaborate with SEVA, a climate-focused organization seeking to revitalize mine sites and economies in West Virginia, to support its solar farm initiative. In addition to West Virginia’s PJM power grid, the new mining complex will be powered by the new solar farm. In the fourth quarter […]

Almost 60% of Bitcoin mining now on sustainable energy: Bitcoin Mining Council

Sustainable Bitcoin Mining

The use of sustainable energy for bitcoin mining has grown by almost 60% according to the Bitcoin Mining Council (BMC). In the last 12 months, electricity use in the sector has decreased by 25%. The mining industry is rapidly adopting sustainable energy, according to a new report from the Bitcoin Mining Council (BMC). According to […]

Bitcoin Mining Back in China after Ban

China Bans Bitcoin Mining, Becomes Second to US in Global Hashrate

China “bans” Bitcoin mining, one year later the nation’s contributions to the Bitcoin mining network are second only to the United States. According to the Cambridge Centre for Alternative Finance, China is once again a major Bitcoin miner despite a prohibition last year. To the CCAF’s Bitcoin Electricity Consumption Index (CBECI), China’s contribution to the […]

Uzbekistan Exempts Bitcoin Companies From Income Tax, Encourages Solar Powered Mining.

uzbekistan bitcoin

According to a presidential decree published this week, Uzbekistan is encouraging people to mine bitcoin using solar energy and will exempt all crypto operations by domestic and foreign operators from income tax. The country is blessed with a highly suitable climate for solar energy, having more than twice the sunshine hours of Northern Europe. Coupled […]

Fort Worth Becomes First City to Mine Bitcoin in the United States

First City to Mine Bitcoin

Mayor Mattie Parker announced on Tuesday that Fort Worth, Texas, has become the first city to mine Bitcoin in the United States. The city of Fort Worth, according to the release, has teamed with the Texas Blockchain Council to launch the Bitcoin mining venture. The City of Fort Worth Has Begun Mining Bitcoin 24 Hours a […]

Fort Worth Mining Bitcoin and Making History in the Process

Fort Worth Mining Bitcoin Mayor Mattie Parker

Fort Worth, Texas, is mining Bitcoin. Mayor Mattie Parker puts Fort Worth on the map as the first city in the United States to mine Bitcoin. Mayor Parker also oversaw the installation of the small mining farm in City Hall herself. Fort Worth City Hall’s climate-controlled information technology wing will house three Bitmain Antminer S9 […]