The effect of Bitcoin mining has been a matter of debate and controversy over the last months as publications as The New York Times warned against the environmental costs of Bitcoin and NFTs, while companies like Square believe the environmental impact could be positive. Soon after the recent direct listing of Coinbase in the NASDAQ [...]

The post Bitcoin’s Environmental Impact Debate Soars During Earth Day appeared first on Blockonomi.

Bitcoin prices hemorrhaged over the weekend pulling down the entire crypto asset market as usual but the cause may have been related to a sharp slump in hash rates.

TL;DR Breakdown Cryptocurrency market hit by weekend massive sell-off Rumors that inspired sell-off by crypto hodlers The crypto market over the weekend has endured a rather shocking setback after prices of Bitcoin and other altcoin plunged in hours. This follows an entire week of extreme bullish activity in the market, only for the bull run […]

After four months of closure, Iran’s largest Bitcoin mining facility is set to resume its operations. According to a report by IranWire, the decision to restart operations at the Bitcoin mining farm was due to massive financing put up by Chinese backers. Located in Rafsanjan, a city in the Kerman Province of southeast Iran, the […]

Read full post Chinese investors help Iran’s largest Bitcoin mining facility to resume its operations. on Chaintimes.com.

The Bank of America (BofA) has argued in a fresh report entitled “Bitcoin’s Dirty Little Secrets,” that decentralized finance (DeFi) is the real disruptor of traditional finance, not bitcoin (BTC), as the latter has too many flaws.  BofA Wary of DeFi Not Bitcoin   While Satoshi Nakamoto’s  bitcoin (BTC) and other cryptocurrencies have been in theRead More

The9 Limited and Blockcap have purchased a total of 36,000 bitcoin miners worth more than $150 million from Bitmain.

The post Bitcoin miners worth more than $150 million have just been bought up by two firms appeared first on The Block.

500.com, the Chinese company that recently announced its acquisition of mining pool service BTC.com, said Monday that it completed a mining hardware transaction — one that saw the firm obtaining models that date back to 2016.

The post Chinese firm 500.com turns to years-old hardware as it scales up bitcoin mining operations appeared first on The Block.

Stakeholders and developers must consider the impact of blockchain designs on climate change to make it more sustainable.