The Best Countries for Crypto Mining Now that China is Out

Cryptocurrency mining remains profitable. However, it has come under significant scrutiny in the past few months. Things took a turn for the worse when the Chinese government hit mining. Continuing its hardline stance on the crypto industry, Beijing cracked down on mining this year. A Long Way Here The nuances between China and mining are pretty interesting. For years, Beijing has made it clear that cryptocurrencies aren’t welcome in the country. It released a circular in 2017 confirming that crypto…

NFTs Role in Connecting Sports Teams With Their Fans

Since the launch of blockchain technology in 2011, the financial world has welcomed many other related projects. One of the most innovative yet simple ones is the use of Non-Fungible Tokens (NFT). An NFT is a unit of data stored on a blockchain, and it assigns unique tags to digital assets which are not subject to any form of change. Even though NFTs sit on the same blockchain technology as cryptos, they are not currencies. Since their debut, NFTs have proven…

Progress With El Salvador’s Geothermal Bitcoin Mining Project

El Salvador has continued to stay fresh among crypto investors. The country made a landmark decision to approve Bitcoin as a legal tender earlier this month. However, El Salvador isn’t stopping there. The government has found another frontier to conquer - the mining space. Turning Volcanoes to Money On Tuesday, El Salvador’s president Nayibb Bukele teased a coming geothermal crypto mining operation. Bukele shared a video on Twitter. In it, he revealed progress with work on the facility. The proposed…

Bitcoin Bulls Experience Better Times as Optimistic Predictions Re-emerge

Bitcoin is relatively consistent on Wednesday at around $46,300 per coin, while rivals Ethereum and Dogecoin were trading around $3,220 and 26 cents per coin. The Bitcoin price broke past $46,000 on Monday morning. This happened after a high-stakes weekend for the crypto industry as the Senate discussed its part in the still expected infrastructure bill. Still, on Monday, Bitcoin traded as high as $46,465, the highest level it has accomplished since May 16, when it hit $49,770.33. Ethereum's London…

Mechanicville Plant Suggests Mining Bitcoin is Profitable than Supplying Electricity

The Mechanicville NY plant operated by Albany Engineering Corp. has shifted to mining Bitcoin, saying that it brings more profit than selling electricity.  The company's operation started in 1897 as a hydroelectric plant, and it now plans to use some of its energy for Bitcoin mining. According to its CEO, Jim Besha, they expect that the new venture will earn them more money than providing electrical power to Nationwide Grid. Bitcoin Mining and Electricity  Bitcoin mining is an energy-intensive activity…

Western Miners Cultivate More Returns as China’s Crypto Mining Crackdowns Persists

Bitcoin mining companies in the west yield has become more accessible and profitable, as the pool of miners competing to form tokens shrinks due to China's strict crackdown on the country's crypto operations. Miner competition is currently at a considerable low; thus, mining companies are seeing higher profits. Moreover, these profits are more significant than the losses due to the drop in BTC. Therefore the gains are positive overall. Stock prices of some of the biggest bitcoin mining companies saw…

Mining, Day Trading, or Hodling – Which One is More Lucrative to Earn with Cryptocurrencies?

The cryptocurrency world has its share of success stories and tales of bankruptcy – including scams. However, for over a decade since cryptocurrencies became a reality, the sector has advanced rapidly to the present day solid, stand-alone market. Knowing how to invest in cryptocurrency may seem complicated, especially for beginners in trading, but it can be a profitable venture with the correct information. In today’s guide, we will focus on mining vs. day trading vs. hodling; thus, read on to…

China’s Crypto-Mining Crackdown Advances to Sichuan

China's crackdown on cryptocurrency mining has extended to the southwest province of Sichuan, reversing its previous lenient stance on the sector amid a national crackdown against these significant power-intensive activities. As a result, the authorities ordered cryptocurrency mining projects to close in the major mining center. According to data compiled by the University of Cambridge, Sichuan is China's second-biggest bitcoin mining province. The recent development will further cut down computing power for crypto mining after third-place Inner Mongolia conducted a…

Crypto Mining VS Crypto Validating – Beginner’s Guide

Blockchain technology is a robust network designed to ensure that cryptocurrencies/ digital currencies remain reliable and serve their inception purpose. Learning about blockchain and cryptographic processes is quite fascinating to technology enthusiasts and beginner investors. Generally, cryptocurrencies are released in the blockchain through a process called mining. Although mining adds the blocks onto the chains, a preceding process called validation streamlines everything for mining. What are validation and mining? What differentiates the two? Keep reading to understand the way new…

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