If you have a Bitcoin miner, turn it on

If you have a Bitcoin miner, turn it on

In the last few weeks, the Bitcoin (BTC) mining market has experienced a black swan event, leading to a lot of uncertainty and confusion surrounding the future of the market. This is why I felt it was right to give the public a quick update and explain why it’s a fantastic time for Bitcoin mining in the United States.Bitcoin miners are rewarded Bitcoin for securing the network and for each block they mine. As more

Read more

Canadian border town suspends Bitcoin mining over aesthetic concerns

Canadian border town suspends Bitcoin mining over aesthetic concerns

Massena, a town in New York along the border with Canada, has placed a temporary suspension on new Bitcoin (BTC) mining operations in the area.According to a report by the Associated Press on Friday, Massena town officials mandated the 90-day moratorium on new Bitcoin mining activities due to aesthetic concerns.Steve O’Shaughnessy, a Massena town supervisor, said miners littered roads with trailers laden with computers and other hardware required to mine Bitcoin. The AP report quoted

Read more

Malaysia is literally crushing thousands of illegal Bitcoin miners

Malaysia is literally crushing thousands of illegal Bitcoin miners

Authorities in Malaysia destroyed more than $1.2 million worth of Bitcoin mining rigs after they were confiscated for operating illegally.In a video posted today from local news outlet DayakDaily, police in the city of Miri on the island of Borneo and the Sarawak Energy company arranged for a steamroller to run over 1,069 Bitcoin (BTC) miners. The rigs were reportedly confiscated from residents of Malaysia attempting to illegally mine the cryptocurrency using stolen electricity between

Read more

Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation

Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation

As the pressures placed on the market by China’s cryptocurrency crackdown begin to subside and the Bitcoin (BTC) hashrate starts to show signs of recovery, traders are now focused on how the price will be affected by this week’s unlocking of more than $550 million worth of Grayscale’s GBTC shares.Data from Cointelegraph Markets Pro and TradingView shows that the early morning downtrend in BTC on July 12 continued into the afternoon as the price of BTC

Read more

Bitcoin price clings to $32K as on-chain metrics hint at further downside

Bitcoin price clings to $32K as on-chain metrics hint at further downside

Cryptocurrency investors awoke to another round of price declines on June 22 after the price of Bitcoin (BTC) dropped to a 6-month low at $28,805. The dip below the crucial $30,000 level might appear to be a prime buying opportunity but data shows that institutional investors are continuing their longest selling streak since February 2018.Data from Cointelegraph Markets Pro and TradingView shows the June 21 dip below $32,000 and recovery above $33,000 was just a

Read more