New York State Assembly Passes A Ban Bill On Bitcoin Mines Using Carbon Fuel
The new Bitcoin mining bill will now be sent to the Senate for consideration before being signed into law by Governor Hochul. The New York State Assembly passed a bill late Tuesday, April 26, that would impose a two-year ban on all new proof-of-work (PoW) cryptocurrency mining facilities in the state that use a carbon-based […]
Earth Day 2022: Analysts Say Bitcoin Mining Is Naturally Gravitating To Green Energy
Earth Day 2022 is an excellent opportunity to highlight how Bitcoin mining operations have begun to naturally gravitate toward less expensive and cleaner energy sources. Every April 22 is the commemoration of the Earth Day and with environmental sustainability being a key topic in the global debate over Bitcoin mining, analysts say the industry has […]
China Takes Action Against Illegal Bitcoin Miners, Seizes Over 3500 Rigs
China is well-known for being very firm against the use of bitcoin and cryptocurrency mining. The country, which was once a Bitcoin mining powerhouse, is now cracking down on the cryptocurrency by confiscating equipment and hiking electricity bills. Last year, the country announced a complete ban on cryptocurrency mining, citing environmental concerns. Multiple provinces of […]
Block, Blockstream partner with Tesla to mine Bitcoin with solar power in Texas
According to CNBC, Blockstream and Jack Dorsey’s Block, (previously Square) have partnered to build a Bitcoin mining facility that will use Solar energy from Tesla’s solar and storage technology in Texas. At the Bitcoin 2022 conference in Miami, Blockstream co-founder and CEO Adam Back, a British cryptographer and member of the “cypherpunk” group, told CNBC […]
Samson Mow’s JAN3 Is Helping To Build Bitcoin City In El Salvador
Bitcoin entrepreneur, Samson Mow has launched a new company JAN3, which will help in the development of digital infrastructure and Bitcoin City in El Salvador. Samson Mow, the former chief strategy officer of Blockstream and the founder of Pixelmatic, announced on Thursday the formation of JAN3, a new firm dedicated to boosting Bitcoin adoption. According […]