mining expenses

Auto Added by WPeMatico

Mainstream Media Claims Bitcoin Burns More Energy Than Ireland – Does It?

by

A mainstream media assertion made recently implies that cryptocurrency is quite costly in terms of energy consumption. “Bitcoin has been alarming people for years,” the report notes, pointing to the amount of electricity used for its mining – almost as much as a small nation needs. But is that really so? Also read: Japanese Internet … Read more

No License Needed to Mine Cryptocurrencies in Ukraine

by

Companies mining cryptocurrencies are not required to obtain a license, the Ukrainian state agency responsible for licensing regimes said this week. The annual revenue generated by the Ukrainian crypto mining industry amounts to over $100 million, according to recently published data. The country remains attractive to miners while mining costs in many other corners of … Read more