Category: Mining

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

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

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 […]

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No More Cheap Electricity for Bitcoin Mining in Inner Mongolia Region

No More Cheap Electricity for Bitcoin Mining in Inner Mongolia Region

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 […]

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

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

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 […]

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

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

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 […]

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