Mining Archives - Free Bitcoin Earning Sites

Publicly Listed Energy Firm Equinor Exploits Gas Flaring in North Dakota to Mine Bitcoin

September 21, 2020 Bakken Basin, Bakken Formation, Bitcoin mining, BTC Mining, Crusoe Energy Solutions, crypto, Cryptocurrency, emissions, environment, Equinor, Equinor flaring operation, gas flaring, Gas flaring operation, Greenidge Generation, Lionel Ribeiro, Mining, Mining Operations, Natural gas flaring, North Dakota, Upstream Data Eddy 0

Just recently, the firm Arcane Research recently revealed a number of screenshots from the publicly traded energy firm, Equinor. The pictures show the multinational company leveraging natural gas flaring to power bitcoin mining operations. In recent years, using the unorthodox gas flaring scheme to mine bitcoin has become more prominent worldwide.The Norwegian state-owned multinational energy […]

Bitmain Introduces Smaller 5NM Chip with New Mining Rigs; Miners Are Not Convinced

September 10, 2020 Business, Mining, News Eddy 0

Major Bitcoin mining chip and equipment manufacturer based in Beijing, Bitmain, revealed that it will be using 5nm chips in the newest generation of mining rigs, instead of 7nm, 8nm or 12nm larger chip sizes. The announcement has elicited some criticism from Bitcoin miners who are concerned about a decrease in mining capacity and efficiency […]

Illegal Malaysian Crypto Farms Stole $600K Worth of Electricity

September 1, 2020 Business, Frauds, Mining, News Eddy 0

Electricity is the lifeline of all Bitcoin mining operations and farms, but it does not often come cheap unless you’re situated somewhere in the Sichuan province of China known for providing electricity at a subsidized price. Across the globe, cheap electricity is a scarce but necessary resource for Bitcoin miners looking to turn a sizable […]

Petroleum Refining Firm Equinor to Reduce Natural Gas Flaring via Bitcoin Mining

August 31, 2020 Business, Mining, News Eddy 0

The amount of carbon emissions that the gas and oil industry produces and releases into the atmosphere each year is astronomical, but what if these emissions could be repurposed in an equally high energy-consuming sector? That is the solution that energy tech firm Crusoe Energy Systems is offering major petroleum refining firm Equinor, as it […]

No More Cheap Electricity for Bitcoin Mining in Inner Mongolia Region

August 26, 2020 Business, Mining, News Eddy 0

According to Chinese news media Weixin, 21 mining farms in Inner Mongolia, China, have been affected by the province’s latest directive to stop providing electricity supply subsidies for the crypto mining sector. This will inevitably raise electricity prices by one-third at minimum without “preferential pricing”, and Chinese crypto reporter Colin Wu said in a tweet […]

Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Says ‘Three Gorges Dam Collapse Imminent’

August 5, 2020 ASIC mining rigs, Bitcoin, Bitcoin (BTC), Bitcoin mining, China, chinese miners, F2Pool, Gezhou Dam, Hashpower, Hashrate, Johnson Xu, largest hydroelectric dam, Miles Guo, Mining, monsoon season, rainfall, SHA256, sichuan, Sichuan miners, Three Gorges Dam, tokeninsight Eddy 0

This week cryptocurrency enthusiasts are still focused on the severe flooding in China during the 2020 monsoon season. The flooding has already displaced millions of Chinese citizens and skeptics are concerned about the vast number of bitcoin miners located in the Sichuan province.The landlocked province in Southwest China, Sichuan is located upstream of the Three […]

Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors

August 3, 2020 Antminer, Antminer S19 Pro, avalonminer, Avalonminer 1146 Pro, Bitcoin (BTC), Bitcoins, Bitmain, BTC, Can, Canaan, Ebang, Ebang E12+, Ebit, EBON, ipo, Microbt, Mining, mining bitcoin, profits, S19, stocks, Whatsminer, Whatsminer M30S++ Eddy 0

Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq stock exchange, and the two firms just launched two ASIC mining devices with hashrates up to 63 terahash per second (TH/s).The two Chinese […]

Category: Mining