Iran accounts for 4.5% of all Bitcoin mining in the world, says blockchain data firm Elliptic.

MicroStrategy CEO and Bitcoin megabull Michael Saylor is engaging in a friendly twitter battle with reporter Adam Samson, who challenged Ark Invest crypto analyst Yassine Elmandjra’s assessment that the majority of Bitcoin miners utilize renewable energy. Samson utilizes an infographic from the Cambridge Centre for Alternative Finance to illustrate why Elmandjra’s statistic may be misleading, […]

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TL;DR Breakdown • Iran to offer cheap energy for crypto mining.• Many Chinese companies are attracted to mining in Iran. At least 4.5% of crypto mining is being processed in Iran, which gives the country a lot of profit. According to studies, this form of work helps the country avoid the sanctions imposed by other […]

This is the first time the country explicitly targeting the crypto mining industry.

Auditing the quantities of renewable energy used by large-scale BTC miners is crucial in calming fears about the crypto’s carbon footprint. This is according to Tesla’s CEO Elon Musk. Musk was responding to a tweet from Brett Winton, Ark Investments director of research. The latter had asked about Bitcoin mining’s potential to enhance the adoptionRead More

In 2008, Satoshi Nakamoto published the now world-renowned whitepaper, ‘Bitcoin: A Peer-to-Peer Electronic Cash System.’ Fresh off the heels of the global financial crisis, the world was primed for a fundamental shift in how financial services were run, and Bitcoin came just in time. Since its launch, Bitcoin’s capabilities have expanded, attracting more support than […]

The post Phemex’s Quest for the Bitcoin Pizza Guy appeared first on NullTX.

Tesla CEO Elon Musk has said energy audits of large bitcoin (BTC) miners could help solve the debate around cryptocurrency’s environmental impact....

It's been a while since Tesla's Bitcoin payments suspension announcement, with the company citing BTC's high carbon footprint and related ESG concerns at the time. But, did things just escalate from t

The post Musk's Bitcoin centralization claim: Why this is 'not really a key factor' appeared first on AMBCrypto.

Presently, Zcash (ZEC) sits at 49th place by total market cap with a market cap of around $3 billion. Zcash coin continues to be one of the most popular crypto mining options despite the recent drop in mining reward, and increase in mining difficulty as the market price has increased exponentially over the past months. […]

Bitcoin’s hashrate has fallen by some 33% from 185 exahashes to 124 exahashes per second just a month after it fell 40% to then recover. The plunge last month was...