Showing posts with label crypto mining. Show all posts
Showing posts with label crypto mining. Show all posts

Over 1000 Mountain Gorillas in the Congo Are Now Safe, Thanks To... CRYPTO MINERS?!

Bitcoin saves gorillas

Virunga National Park, deep within the Congo, is home to 1,000 mountain gorillas whos population has been on a steady decline for decades, leading to the species officially labeled 'endangered' in 2018.

Now they've launched a two-part plan that implements wildlife conservation, and creates a way for the park to fund these efforts long term.  The economic solution comes in an unexpected form - cryptocurrency mining.

The park was recognized by the World Economic Forum (WEF) in a recently published video, praising those involved with finding creative solutions to the challenge of preserving wildlife within it. 

Clean Energy Mining...

Rivers within the Virunga National Park are used run hydroelectric generators, operated by technicians from nearby villages, providing clean renewable energy to Bitcoin mining operations inside the park. 

Another benefit of having this energy source is that they're able to attract miners currently running miners on electricity from coal-burning power plants. Not only highly polluting, coal has become a black market in the region, so the park aims to "reduce the incentive for illegal charcoal trafficking, an activity that has fueled violence led by militias in the region," says Foro from Economic World.

The Park's Hydroelectric Power Supplies the Miners with Clean Energy.

Surplus energy is channeled into cocoa production and nearby communities, while revenue generated from Bitcoin mining maintain the park's infrastructure, and pay their staff. 

Affordable energy is typically the largest expense of the cryptocurrency mining operation, so this is a rare situation where truly everyone wins! In the future we hope to see this new relationship between crypto and nature conservation mirrored in other places around the world!

Author: Mark Pippen
London Newsroom
GlobalCryptoPress | Breaking Crypto News

The WORLD's LARGEST Bitcoin Mine Begins Construction in Texas, USA...

Worlds Largest Bitcoin Mine

It wasn't long ago when Riot Platforms launched North America's largest mining farm in Rockdale, Texas - but now they want to go even bigger.

Just announced, they've begun construction at a colossal new site in Corsicana, Texas - once complete, it will become the biggest Bitcoin mining facility in the world!

The new location will be even larger than their existing facility in Rockdale, seen here.

Known as the US State Most Welcoming to Miners, the Infamous Texas Heat Poses a Challenge...

Mining rigs generate intense heat, making cooling a paramount concern, most of the daily work of running a mine revolves around keeping the rigs from overheating. This is why many mining companies seek locations year-round frigid temps - but even in the winter you won't find temperatures this low anywhere in Texas.

To combat this, Riot partnered with HashHouse Tech to use immersion-cooling, which surrounds the miners with a flow of liquid coolant, capable of cooling at 20X the efficiency of air. This strategic move ensures they can stay operational even in the Lone Star State's scorching sun. 

Massive Mining Power...

Riot expects their total mining power (hashrate) to hit 20.1 EH/s once the new facility launches by the end of 2024. Crunching the numbers, first taking the next halving event into account, and using $50k for bitcoin's price, at that hashrate the company should earn around $800,000 per day.

Of course, that's before they pay the bills, and mining always has a big one huge bill - electricity. It's common for the majority of earnings to be lost to the power bill.  Riot is part of a special program in Texas that involves mining companies pre-paying for electricity, but when the grid is reaching capacity they have the ability to lower their usage and sell some of this power back to the grid. 

Texas officials have praised the program as a solution that prevents the grid shutting down when overwhelmed on hot summer days. Last year Riot earned over $30 million selling power back to Texas, but remember they first had to buy it up front so only a small portion of that is profit. It's hard to imagine any deal where less than 50% of revenue goes to paying electricity costs.

Profit Potential...

Last month Riot mined 520 BTC, worth around $250 Million - and this is before the largest mining farm in the world joins in. Along with the additional ability to sell stock (Nasdaq Symbol RIOT)  when they need to raise funds, Riot is quickly becoming a vital member of the industry.

Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News

Crypto a Leader Among Industries 'Going Green' - As Miners Increase Energy Efficiency a MASSIVE 20X Since 2015...


Green bitcoin mining

In a significant stride towards sustainability, Bitcoin mining has witnessed a remarkable transformation. A recent study from the University of Cambridge reveals that the energy efficiency of Bitcoin mining has soared to be "20 times greater" than figures from 2015.

But what does "energy efficiency" mean in this context? Simply put, it's the ability to achieve the same output using less electricity. When applied to the realm of mining, there have been notable advancements in devices operating on the Proof of Work (PoW) algorithm. These devices can now mine more Bitcoins while consuming equal or even lesser energy.

In his presentation at the World Digital Mining Summit 2023, Alexander Neumüller, an esteemed researcher at the Center for Alternative Finance (CCAF), attributes this efficiency leap to technological innovations in the mining sector. These advancements have not only reduced electricity consumption but also bolstered the processing power of the Bitcoin network.

Highlighting the magnitude of this progress, Neumüller emphasized an astounding "20-fold increase" in Bitcoin mining's energy efficiency over the past eight years.

Historically, Bitcoin mining has been criticized for its hefty energy consumption, which many environmentalists claim leads to increased pollution. However, with the dual approach of enhancing energy efficiency and integrating renewable energy sources, the cryptocurrency industry is making strides towards a greener future.

Author: Jules Laurent
European Newsroom

We May Lose Nearly 25% Of All Bitcoin Miners Next Year, Following Next 'Halving' - New Math Shows Older Rigs Would Be LOSING MONEY...

There is one thing in crypto people can actually predict correctly - the next Bitcoin halving event. This changes the amount of Bitcoins miners receive as a reward for contributing computing power to keep the network running.

It effects the entire ecosystem because it decides the total amount of Bitcoin in circulation, halving instantly cuts the rate that number was growing in half. 

Initially, the reward for mining a block of transactions was 50 BTC. Then in 2012, this was 'halved' to 25 Bitcoins, again in 2016 it was halved to 12.5 BTC. Then most recently,  May 2020, halved again to 6.25.

Cutting their reward in half may sound drastic, but for some perspective, back when the reward was 50 Bitcoins per block mined, the most that was ever worth was $1000 when Bitcoin hit $20 in 2011. If Satoshi wasn't thinking long term, and these halving events were never programmed in, it would be like creating $300 million in new coins every day at today's price. 

Of course, prices would never have come close to what they are today if miners were constantly flooding the market with lots of easily earned coins.

Just like when a nation's government prints money, if they do too much, everyone's money becomes worth a bit less.  When politicians create more money because they want more money, not because the economy actually grew, we get inflation. Bigger, but only because it's been filled with worthless hot air. 

Some say Bitcoin has the solution to inflation built in to it...

These 2 rules make it different from any currency in human history:

First - no one has ability to create new Bitcoins.  Sure, it is a virtual item, and if your wallet isn't connected to the internet, you can mess with the code until the wallet believes it's holding 10 instead of 2 BTC.  Problem is, as soon as that wallet tries to use one of these counterfeit coins from nowhere, the transaction will fail.  A blockchain is literally a record of where every legitimate coin belongs, and no one is going to hack those records of the majority of miners (about 500,000 systems running thousands of different configurations). Yet even with this seemingly bulletproof security, there's still way too many people easily fooled in to opening the front door and letting thieves right in, but that's another story. 

So while no person can suddenly create a bunch of new Bitcoins, the code does this on its own at a rate for healthy growth, and since that rate isn't a secret, there's no surprises. Ironically, Bitcoin is constantly labeled volatile and unpredictable by the media, when it couldn't be more stable, and completely predictable. It's the humans trading it who seem to be constantly switching between buying as much as they can and selling it all off. 

New Bitcoin needs to be created to entice people to mine it, and just enough is created to accomplish that. Satoshi assumed as as time goes on, it would either be dead or growing in popularity, Satoshi set the rate of creating new comes to become LESS as and more people use it. This is a one of Bitcoin's major attractions to economists, bankers and investors, as it greatly raises the odds of Bitcoin having a positive long term outlook.

As time has gone on, the price tag on one of these halving events has a lot more people paying attention to them - the one set to happen next year will significantly reduce the annual amount of new Bitcoins by a whopping 164,250 coins - a dollar equivalent of dropping from $11.5 billion to $5.7 billion.

It's a delicate balance, and the next shake-up may throw some people off...

Mining experts from Blockware Solutions have crunched the numbers following the 2024 halving, examining the impact on different miners with a range of different hardware, and their report discovered a very a real risk for those running older, less efficient systems. 

The study even priced Bitcoin slightly higher than it is today, at $35,000, and used a network hashrate of 420 EH/s - the results show that a staggering 24% of Bitcoin's miners becoming unprofitable, spending more on electricity than they'd earn in Bitcoin - it's safe to assume they'll all just pull the plug. 

The survival of the fittest will be evident as only those miners equipped with the latest technology will thrive. Older rigs, with their diminishing efficiency, will need to be able to sell Bitcoin their Bitcoins at considerably higher prices, especially if electricity costs spike.

The Silver Lining For Bitcoin HODLers...

There's a popular belief that with fewer Bitcoins entering the market, demand might outstrip supply, potentially driving up prices. The low efficiency miners that would be eliminated are also typically the ones who immediately sell everything they earn, so removing their constant supply of new coins to the market could be good for anyone holding bitcoin.  

Blockware Solutions' comprehensive report also illustrates how cutting-edge equipment like the Antminer S19 and Antminer S19XP have a lower threshold for profitability and should continue to bring a profit for miners using them post 2024.

When you hear those estimates of "$1 million bitcoin" - this is what they're talking about, and why the dates they give are 15-30 years away.  Because with a steady, fairly reasonable growth rate, 20 years from now Bitcoin could be incredibly popular, and the supply of new coins so small, the only option buyers will have is to will continually raise the amount they're willing to pay.

The more difficult it becomes for someone to get Bitcoin, the tighter  HOLDers will grip on to what they have.

Author: Mark Pippen
London Newsroom
GlobalCryptoPress | Breaking Crypto News

Fancy Crypto - Cryptocurrency Mining Platform Now Gives Users 7 Different Ways To Start Mining Crypto...

 [Crypto Press] -
 FancyCrypto Cloud Mining Now Provides 7 Different 'Package' Options for Accelerated Performance. With inflation issues, cost-of-living woes, and the threat of a recession, we're all reevaluating our options, making smart decisions is more important now than ever. 
This seach is leading many to an option that is seeing surprising growth in 2023, that is cloud mining. This alternative mining solution is making it much easier to earn cryptocurrency by mining it instead of buying it.  It is proven to be more efficient than regular mining and has real potential for even the most inexperienced miner. 
Fancy Crypto is leading the pack right now when it comes to user-friendly packages for a steady passive income stream. So, why is cloud mining the way forward right now, why should you turn to Fancy Crypto, and what packages are on offer?
Current Trends Indicate More People Turning To Cryptocurrency Mining...
There are different ways to participate in the crypto world, one of the most popular and rewarding right now is cloud mining. The trend has grown globally as users realize not just the potential to grow their cryptocurrency holdings without having to buy crypto from an exchange.
One of the biggest benefits of all is the beginner-friendly approach. There are understandable concerns about getting started with cryptocurrency because at first it can sound too technical and forign However, you aren't jumping head-first into some extreme futuristic world that's too hard to understand, the best platforms make everything as simple and stress-free as possible. This includes simple packaging options and settings to build profit day by day. As a result, countless users with no technical degree or financial experience succeed with ease.
Another major appeal of cloud-based mining is that the loud, high-heat mining rigs run remotely, and are supervisied by Fancy Crypto. Power costs are a major deturrent for many people but this remote method of operating allows for FancyCrypto to select locations with low cost energy sources. There are no concerns about creating a power-hungry mining set-up at home thatw ill have your electric bill skyrocketing. Just select the right package for you, sit back, and the hardest parts are handled.

Turn To Fancy Crypto For The Most Trustworthy And Accessible Mining Platform.

Because of the uncertainty with the current economic climate and the need for a reliable secondary income stream, we all need a Crypto mining platform we can trust. That is where Fancy Crypto can help. This reliable service has over 360,000 people working on their strategies across the world. They turn to this sophisticated mining tool time and time again because of the balance between the high-end efficient software and the user-friendly features. Here are some of the main reasons why Fancy Crypto is such a popular choice right now.
- There is a lot of potential to earn and build high profits from this smart platform. You can set it to work to mine the best options with a relatively hands-off approach and know that you'll reap the rewards. You're looking at between 2-10% of the global cloud mining hash rate.
- You can see your revenue build in real-time. This is so important for users looking to gain a little peace of mind in leaner times. There is a sense of relief when you get the daily profits reports and can see real-time income instead of a lot of expenses and bills.
- On the subject of expenses and bills, you don't have to worry about that here either. There are upfront costs involved in the packages, but you don't have to be concerned with hidden fees or little clauses in the small print that might trip you up and damage your profits. You can sign up, get set up, and focus on mining and making money. If you want to continue with another option, you are free to do so.
Because of all this, anyone can get started and build their passive income stream at home with ease. If this sounds like the ideal option for your next venture into the world of cryptocurrency, you need the right package.
Choosing The Right Package...
The package system of Fancy Crypto helps to set it apart from the crowd even further. In a time where it feels like we're losing control of financial options, FancyCrypto's packages were created with the goal of everyone finding one that meets their goals. 
From ow-end beginner options to test the waters, to the high-end long-term contracts - these and everything in-between are ready to go!.
Currently supported coins for mining include:  Bitcoin, Ethereum, Litecoin, Dogecoin.
You can start small and work your way up as needed. You can even broaden your options with the affiliate program for referrals. Earnings are distributed every 24 hours. 
Are you considering joining the cloud mining boom currently happening in the crypto world?

It used to take thousands of dollars to start mining crypto professionally, now with the cost of equipment no longer a concern you can start small and within your comfort zone. Once you're up and running, watch how your miners are performing for you, then decide if it's worth expanding. "It's important to Fancy Crypto is that our users always know that they are the ones in control  - they call the shots, and only they decide how fast, or slow, they want to grow as miners" explains FancyCryto. 
About Fancy Crypto:
Fancy Crypto has revolutionized the world of cryptocurrency and become the go-to solution for users who want a feature-rich, highly profitable, and affordable cloud mining experience.
For more details visit
Questions? Contact

Media Contact
Company Name: FancyCrypto
Contact Person: Joel Bryce
City: Hamshire
Country: United Kingdom

Information Provided via Press Release
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Miners Kick Off the Year STRONG - Bitcoin Mining Profits UP by Nearly 50% So Far in 2023...

Bitcoin mining 2023

These highs have not been witnessed since early November of last year, just before the FTX meltdown and accompanying drop in bitcoin's price.

Based on data from the blockchain explorer, miners were making about $16.1 million per day at the start of the year. In the meantime, as of 30 January 2023, the amount is $23.8 million daily. In this light, January's growth rate stands at 48%.

Because miners are paid in BTC, the value of Bitcoin has major significance. On that note, after beginning the month at around  $16,500, January ended around $23,000.

The mining profitability increase began to stand out about halfway through January, when profitability for miners hit USD 77 PH/day, signaling a clear upward trend in miner performance metrics.

After a depressing 2022 characterized by a significant bear market and a 65% loss in BTC's market value, miners are optimistic about 2023 with their surprisingly strong start. 

Author: Adam Lee 
Asia News Desk Breaking Crypto News

The Cloud Mining Platform for All of us, MineDollars, has Officially Launched…


MineDollars is mobile cloud-mining software that enables anyone to mine Bitcoin from the comfort of their own home.

Normally, mining it necessitates the procurement of expensive equipment. MineDollars' cryptocurrency cloud mining, on the other hand, allows customers to mine at home without having to purchase pricey equipment.

"Our mission is to make cryptocurrencies more accessible to everyone; the traditional mining method is expensive and complicated, so we wanted to come up with an alternative." said a spokesperson for MineDollars.

What exactly is MineDollars?

MineDollars is a cloud mining platform with over 320,000 users, it is quickly becoming a popular choice. Mining is the process of looking for blocks of bitcoin to process. This is done for you automatically using MineDollars. Each attempt is referred to as a 'hash' in the industry.

Do you think it's a big deal? That's right, it is! MineDollars has mining farms in numerous countries and has invested in data centers across Europe and Asia. Its mining methods, for example, are powered by renewable energy sources, making it both an environmentally beneficial crypto enterprise and a profitable one. Let's take a look at why investors are flocking to MineDollars.

Why Should You Hire MineDollars?

Here are a few reasons why users should use MineDollars as their Cloud Mining platform:

Each member is assigned a Personal Manager who will assist them throughout the process.

The minimum investment is only $10, so anyone who is new to cryptocurrency and wants to learn more can do so with a minimal sum.

Users can buy new mining contracts and reinvest whenever they choose.

A thorough dashboard provides users with real-time earnings and investment statistics, allowing them to be in charge at all times.

MineDollars also has the following notable features:

- The company has data centers in different parts of the world, including Asia, Europe, and America.

- The company uses solar, wind and electricity for mining.

- It rewards all users with a sign-up bonus of $10 that can be withdrawn.

- It offers a referral program where you get a 3% commission for referring friends.

- Minedollars follows FCA regulation and also operates under CySEC and ASIC.

- You can withdraw your funds on a daily basis.and the funds will be in your account within the hour.

- The system is secured and protected using DDos protection and SSL.

- It offers full guarantee for all investments and has a team of qualified analysts and experts 7/24 working daily to ensure consistent customer rewards. 

Users can then rent one of their miners and start earning passive revenue as soon as they start!

More Info Visit Their Official Site:

Terry Desylvia

Information Provided via Press Release
The Crypto Press Association | Crypto & NFT Press Release Distribution