Bitcoin Mine

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Salvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will ‘End in Environmental Disaster’

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El Salvador’s leading ecologist Ricardo Navarro believes that mining bitcoin with a volcano, or geothermal energy, will “end in environmental disaster.” Navarro believes geothermal energy costs more than oil, and thinks El Salvador’s millennial president Nayib Bukele’s decision is questionable. Salvadoran ecologist Ricardo Navarro Questions His Country’s Volcano-Powered Bitcoin City Venture During the second week … Read more

Salvadoran President Shares Video of Volcano-Powered Bitcoin Mining Facility

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On Tuesday, Salvadoran president Nayib Bukele shared a video of a bitcoin mine operating adjacent to a volcano. Bukele discussed the volcano-powered bitcoin mining on June 9 when he talked about the “95MW of 100% clean, 0 emissions geothermal energy from our volcanos.” El Salvador’s Nayib Bukele Shares a Video of the ‘First Steps’ Behind … Read more

How to Mine Bitcoin in 2020

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Bitcoin mining is a great way to earn cryptocurrency while providing a valuable service to the global network of users. Miners can set up a hardware operation by themselves or join forces with a large venture via cloud mining. If you are looking to enter this field in 2020, here is what you need to … Read more

Mining Closures Reveal Recurring Bitcoin Bear Market Trend

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Another bitcoin miner this week shut down its operations, though the news didn’t come as much of a shock. The latest closure, of U.S.-based Giga Watt which went bankrupt last year, follows a trend among large mining operations that stretches back years. Also read: No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says Bankruptcy to … Read more

Fintech Company Mogo Plans to Launch Bitcoin Mine in British Columbia

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This week the publicly traded firm Mogo Finance Technology Inc. (TSX: MOGO) announced the creation of a new subsidiary called Mogo Blockchain. The fintech company’s new endeavor is a partnership with the firm DMG Blockchain Solutions in order to launch a bitcoin mining facility in British Columbia. Also read: How to Protect Your Bitcoin and … Read more

Former Iced Tea Firm Plans to Mine Bitcoin in the Nordic Region

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Just recently we reported on the beverage firm Long Island Iced Tea Corp and its share price increase by more than 400% immediately after it rebranded to “Long Blockchain Corporation.” On January 4, the company filed with the U.S. Securities and Exchange Commission (SEC), stating its intentions to mine bitcoins and purchase 1,000 Bitmain manufactured Antminer … Read more