Bitcoin, the first cryptocurrency created, has changed the landscape of digital currencies forever. Its truly innovative technology has a false promise that comes with a hidden cost and that’s something to pay attention to. While many discuss the potential financial gains, Tran Quoc Duy believes it's crucial to expose the...
UK authorities recently moved to shut down an illegal Bitcoin mining operation in Bradford. This operation represents both the massive energy footprint of cryptocurrency as well as the regulatory challenges it poses. Their operation was based in an industrial estate, but they had been illegally and dangerously stealing electricity at...
The recent bust of an illegal Bitcoin mining operation in Bradford, England, hidden away in a nondescript warehouse, is more than just a local news story. It's a stark reminder of the dark underbelly of the crypto boom – a reality we can no longer afford to ignore. This isn’t...
Just one single miner struck lucky their way, mined a Bitcoin block and took $350,000 home. Cue the celebrations, right? Hold on a second. Definitely watch the video—the story is pretty amazing. Let’s step back for a second and look at the larger trend. Is this a flash of brilliance,...
FIND MINING just recently accomplished something that has never been done before – 42 Bitcoin mined in a day! That's roughly $4.48 million. Headlines are screaming "record profits!" Hold your horses before you start fantasizing about cloud mining funded Lambos, though. Now is the time to demand better and to...
The recent oil spill at the Greenridge Generation bitcoin mining facility near Seneca Lake has reignited a crucial debate: are the economic benefits of this industry truly worth the potential environmental cost? We have to be willing to have an honest and open discussion about that.Economic Boom Or Environmental BustLet's...
The fight against an unsustainable crypto mine at Greenidge Generation on the banks of Seneca Lake in Yates County, New York is picking up. This ongoing debate highlights important issues regarding environmental justice and the long-term viability of cryptocurrency mining. At KnowingCoin.com, we focus on what really matters. We lay...
Bitcoin miners do much more than just mine new bitcoins. It’s since evolved into a large market of competing interests focused on ensuring the legitimacy of – and subsequently appending – new transactions to the blockchain. By 2025, it’s less about building new infrastructure and more about stabilizing energy grid...
Bitcoin mining’s tremendous energy appetite and carbon footprint is under growing scrutiny from regulators and environmental advocates across the globe. The industry now uses more electricity than 46 U.S. states, at least 150 TWh per year and counting. Most of the increase in carbon emissions has been caused by an...
You've heard the promises: Bitcoin, the decentralized digital currency, is going green. As a result, miners are starting to adopt renewable energy. Digging deep, due to new technologies the mining process is more efficient and pretty soon Bitcoin will actually be good for the environment. Sounds great, right? Let's cut...
