Is crypto mining the 1800s gold rush?
Meet crypto mining, the complicated system that runs on hash rates, a race to crack the code and math. Yes, really. If you’re thinking of a traditional mine, stop right there. While crypto mining does feel reminiscent of the 1800s gold rush, that’s where the comparison ends.
Is the crypto market easing in January?
The fear and panic in the crypto market may be easing slightly in January, with several signals in the derivatives market suggesting a comeback of institutional interest. The spot price of bitcoin is lower than the futures prices, showing that traders believe bitcoin’s price will rise, according to data from several exchanges.
Is bitcoin mining a piece of grid infrastructure?
What they're saying: Porter's message to legislators was: "Bitcoin mining is a business that doubles as a piece of grid infrastructure," he said in an interview. "It is particularly good at reducing methane emissions and enhancing green energy projects."
Should Pennsylvania block a cryptocurrency mine in Elk County?
A proposal involving a cryptocurrency mine in Elk County has drawn criticism from some environmental groups. These groups recently submitted comments to the Pennsylvania Department of Environmental Protection, urging the agency to block it.