Greenidge Generation fossil-fueled Bitcoin mining operation, Yates County, New York. Yet the damage it has caused to Seneca Lake’s environment has become the focus of an extreme controversy. Local residents, environmental advocates and state officials have long trumpeted the operations of the plant as detrimental. Some of these operations even...
The cryptocurrency and digital asset world is characterized by dynamic innovation, fierce competition and rapid change. Of a wide variety of digital assets, Bitcoin and XRP have emerged as two of the most recognizable and widely debated cryptocurrencies. Bitcoin, now popularly referred to as “digital gold,” more or less opened...
Is XRP really the answer to Bitcoin’s problems, or is it simply a different shiny object luring us away from the core problems? You’ve all read the articles, the announcements claiming longer-term and quicker transaction times, the utopian green economy. But let's peel back the layers and see if XRP...
We love it, we respect it, but let's be real – it's the financial equivalent of dial-up internet in a 5G world. High fees, glacial transaction speeds…it’s enough to make you want to start yelling into the void of the Gutenberg press. In comes XRP, the money cousin that came...
As you can tell, it’s a harsh world for Bitcoin miners these days. Revenues are down, the halving really bit, and Bitcoin’s having a hard time breaking through that $112,000 ceiling. Photo by Jim Allen/FreightWaves You may be ready to freak out right now. But here's the thing: the smart...
Bitcoin miners are proving to be a resilient bunch, HODLing through the tough times when revenue has been cut in half by a number of market factors. Recent data indicates that miners are accumulating Bitcoin, signaling a potential long-term bullish outlook even as their daily earnings have declined. How Bitcoin’s...
One thought is that bitcoin miners tend to be very nimble to market forces. They are exercising unprecedented restraint at this moment, despite falling revenues and a declining hashrate. Recent data indicates that these miners have stopped selling their Bitcoin (BTC) reserves. After the most recent block subsidy halving, they...
IREN, long regarded as the Bitcoin mining power play of choice, has emerged as a serious AI X-factor with its hard turn toward AI cloud services. It’s the continued development of Horizon 1 that’s causing this effort to get started. This 50MW, liquid cooled, AI data center is scheduled to...
It’s been a wacky few months for the Bitcoin market. We’re looking forward to the day we sail past that $112,000 all-time high. At the same time, Bitcoin miners are facing increasingly difficult headwinds posing an existential threat to their business. Paydays now reduced down to levels not experienced since...
Bitcoin miners are facing a double whammy of poor profitability with income dropping to the lowest level this year. The drop, which experts largely cite to the dip in Bitcoin prices and increase in operational costs, signals a tough moment for the industry.Compounding their woes, the revenue of Bitcoin miners...
