Solar-Powered Crypto Farm in Australia to Prove Bitcoin Mining Can Be Green

A crypto mining data center in the state of South Australia will be running mainly on solar-generated electricity, a media report reveals. The coin minting facility has been set up in a region known for its energy-hungry iron ore extraction and steel production. Bitcoin Farm to Mine Cryptocurrency on Solar and Excess Energy in South Australia The ‘Steel City’ of Whyalla in South Australia has become home to a new crypto mining installation that will run on electricity generated from solar power. Operated by the Lumos Digital Mining company, the…

Read More

Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand

Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced. Legal Crypto Miners in Iran to Halt Operations Again Due to Electricity Shortages Authorized crypto mining enterprises in Iran will have to unplug their power-hungry coin minting equipment from the beginning of Tir, the next month in the Iranian calendar, or Wednesday, June 22. Mostafa Rajabi Mashhadi, spokesman of the Ministry…

Read More

Abundant Power, Open Trade With Bitcoin Brings Peace

[ad_1] The below is a direct excerpt of Marty’s Bent Issue #1150: “The path to peace and prosperity.” Sign up for the newsletter here. As the protective quilt of the war drums gets ripped off and the steady thumping of war cries begins to get louder and louder I thought it’d be appropriate to remind you freaks that a more peaceful planet is attainable if the bureaucrats who are ruining the world would be rendered powerless and the free market were allowed to deliver individuals across the globe the ability…

Read More

Marathon Expands Miner Deployment Deal With Compute North, Aims to Power 100K+ Miners With Renewables – Bitcoin News

[ad_1] Marathon Digital Holdings, a Nasdaq-listed bitcoin mining-based company, has announced a new deal with Compute North, a data center service provider, to host more than 100,000 mining machines in its data centers. The deal is an expansion of an earlier deal that secured positioning for 73,000 mining machines in Texas. Now, the new partnership secures hosting for all of these machines, to be powered with renewables. Marathon Expands Mining Operations Marathon, one of the largest bitcoin mining companies in the U.S., has announced it will expand its…

Read More

‘Inflation in the News Driven by Rich People’ — Media Pundits Claim ‘Inflation Is Good’ as Americans Struggle With Less Purchasing Power – Economics Bitcoin News

[ad_1] Inflation in the U.S. has a large number of Americans worried about the future of their purchasing power as the cost of goods and services has continued to rise faster every month. Reports note that Americans are struggling to pay for child care, groceries, gasoline, lumber, healthcare supplies, and used vehicles. On Friday, Harvard economist Kenneth Rogoff told the press U.S. inflation was “eye popping” and in terms of where inflation is headed, Rogoff stressed he thinks “we’re on a knife-edge.” Members of the US Central Bank Begin to…

Read More

How smart contracts are shifting the crypto sector’s balance of power

[ad_1] One of the familiar themes seen in previous crypto market cycles is the shifting market caps, popularity and ranking of the top 10 projects that see significant gains during bull phases, only to fade into obscurity during the bear markets. For many of these projects, they follow a recognizable boom-to-bust cycle and never return to their previous glory.  During the 2017–2018 bull market and initial coin offering (ICO) boom, which was driven by Ethereum network-based projects, all manner of small smart contract-oriented projects rallied thousands of percentage  to unexpected…

Read More

Bitrue Aims to Democratize Token Listing Rights by Opening Voting Power to Users – News Bitcoin News

[ad_1] Digital asset exchange Bitrue is seeking to engage its user community directly by distributing decision-making power for adding new token projects after the listing team thoroughly vets them. Platform Advancing Further Voting Powers in Future Updates Blockchain’s innate ability to decentralize products and services has long been among its key value propositions, especially when providing more democratized access to these same offerings. Governance is rapidly becoming the newest area for blockchain’s democratization efforts, and the community is joining the cause. Bitrue, a digital assets exchange, has joined the ranks…

Read More

DApp to Harness Sustainable Processing Power for Both Cloud and Volunteer Computing – Press release Bitcoin News

[ad_1] press release PRESS RELEASE. With an ever-increasing demand for computing power, PORT Network launches the first dApp to merge both Cloud and Volunteer computing on the blockchain. 28th June 2021, Düsseldorf, Germany – The demand for increased computing power is growing at an exponential rate. Industries such as IoT, Pharmaceutical, AI, 3D Image Processing and Deep Learning all require huge bandwidth in a non-restrictive and cost-efficient approach. This is where PORT Network seeks to break new ground. PORT Network is the first decentralized P2P application which unites both Cloud…

Read More