BitMine Immersion Technologies recently finished a $16.34 million common stock offering and claims to have sold out of newly issued common stock. Their first days funded with that capital, they dove right into the Bitcoin market amassing 154.167 BTC at an average price of $106,033 per coin. That's the headline....
Forget the dinosaurs. Crypto isn’t about recreating ancient history, it’s about the evolution of finance. And if we’re going to be real, Bitcoin – bless it to bits! – is beginning to look like a museum relic. Enter Solana (SOL), the shark-like, super-fast upstart that’s here to eat Ethereum’s lunch...
Is France about to pull off the impossible: turn a global environmental villain into a local sustainability hero? Amendment No. 547 seeks to include the activity of Bitcoin mining into national energy strategy of France. It’ll be a stroke of genius, or a calamity in the making. And honestly, it...
Well, France is considering harnessing Bitcoin mining to absorb its excess power supply. Sounds neat, right? Similar to making lemonade out of lemons, or in our case, turning unnecessary energy consumption into virtual cash. Amendment No. 547, supported by a few dozen French MPs, would enshrine Bitcoin mining directly into...
The cryptocurrency world is constantly evolving, with new contenders emerging to challenge the dominance of established players like Bitcoin and Ethereum. With its innovative technology and quickly growing ecosystem, Solana has carved out a space as one of the top competitors. This article explores Solana’s ability to exceed Bitcoin and...
Meanwhile in France, legislators are looking to Bitcoin mining as a solution to the country’s longstanding issue of producing too much electricity. The country, which relies on nuclear plants for over 70% of its electricity, faces a unique challenge: it often produces more power than it can sell, leading to...
France is exploring a novel solution to the problem of wasted renewable energy: Bitcoin mining. The country is currently facing over €80 million in losses from excess renewable energy. To reverse this liability into a long-term upside potential, it is now thinking about Bitcoin mining to use up the wasted...
Btc smash 4 2 bitcoin miners are looking at worst day of year as transaction fees fall to three-year low. This recent decline along with the recent halving event is causing severe strain on their profitability. KnowingCoin.com, where crypto grit meets guardian wisdom, know that education and a willingness to...
In short, Bitcoin miners are under acute financial stress. In June, transaction fees fell to a three-year low, accounting for under 1% of total block rewards. This overall downward trend as well as the recent halving event are all taking a toll on miner profitability. After dipping below $75,000 in...
Alright, let's talk Bitcoin. Now, all of a sudden, everyone’s wringing their hands about miners going bankrupt due to low transaction fees. Revenue down, blah blah blah. I'm here to tell you something you probably won't hear anywhere else: this is good. Not merely good, but essential for Bitcoin’s long-term...
