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Stop Blaming Bitcoin Mining: Big Tech's Carbon Footprint Is Clearly Larger
Jul 04, 2024
Bitcoin mining is not that bad for our mother nature, after all. According to a recent study, Big Tech's carbon emissions continue to grow exponentially. This is largely due to the rise of generative artificial intelligence. Amazon alone now produces more carbon dioxide per year than all global Bitc
Bitcoin Miners Diversify as Profitability Plummets; Hashprice Hits Record Low
Jul 04, 2024
Bitcoin miners are shifting to other cryptocurrencies amid falling profits, reports CryptoQuant CEO Ki Young Ju. Bitcoin's hashprice has hit an all-time low. This metric indicates expected daily earnings per unit of mining power, which is a fundamental indicator of the overall efficiency of the mini
Paraguayan Bitcoin Miners Warn of Industry Collapse Due to New Energy Tariffs
Jul 02, 2024
A newly formed association of Paraguayan cryptocurrency miners has issued a stark warning about the future of their industry. The group claims that recent energy tariff increases could lead to the sector's demise. Or simply put, Bitcoin mining in this lovely country will be over. Probably forever. T
Bitcoin Miner Ends 14-Year Dormancy, Transfers $3.05M to Binance
Jul 01, 2024
A long-dormant Bitcoin miner has resurfaced after 14 years of inactivity. The wallet transferred 50 BTC to Binance on June 26th. This sum is valued at approximately $3.05 million. Market intelligence firm Lookonchain reported the transaction. The miner originally acquired these tokens in July 2010.
Bitcoin Miner Selling Pressure Eases: Market Poised for Upturn?
Jun 29, 2024
Selling pressure from Bitcoin miners has decreased, according to a CryptoQuant analyst. This suggests a potential upward trend for BTC. Simply put, we are finally getting ready for the next upward swing. The market is absorbing the sell-off from miners who offloaded Bitcoin to cover operational cost
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