Chips off the new Block: Jack Dorsey’s fintech launches bitcoin mining project
Twitter founder Jack Dorsey’s company Block says it will make bitcoin mining more accessible, just months after the US became the top destination for creating the cryptocurrency. However, the announcement shouldn’t surprise anyone as Block founding CEO Dorsey has made no secret of his enthusiasm for cryptocurrencies. In December he even went so far as […]
How El Salvador is Banking the Un-Banked with Bitcoin
Today, approximately 31% of the world is unbanked, meaning that nearly two-billion people are denied access to financial products and services because they do not meet traditional qualification standards. The reliance on traditional data as a verification method disproportionately affects those in developing countries and widens the disparity between the wealthy and the impoverished. As […]
Bitcoin mining has totally recovered from Chinese ban
Whinstone CEO Chad Harris takes CNBC on a tour of the largest bitcoin mine in North America. Bitcoin mining has totally recovered from the Chinese crypto crackdown that took more than half the world’s miners offline virtually overnight earlier this year. The recovery is measured by looking at hashrate, a term used to describe the computing […]
After China’s Crypto Ban, Who Leads in Bitcoin Mining?
Bitcoin Mining Moves to America Bitcoin mining is a process that verifies transactions on the blockchain ledger, while also bringing new bitcoins into circulation. To be successful at this, cryptominers require vast amounts of computing power, meaning electricity becomes one of their most significant costs. This pushes them to locate wherever electricity is cheapest. For […]
Miami | Why is Bitcoin Mining Important?
Amanda Fabiano (Head of Mining at GalaxyDigitalHQ), Darin Feinstein (Founder of CoreScientific), and Jesse Peltan (CTO at HODL Ranch) explain why Bitcoin mining is important. They discuss the role of Bitcoin energy’s use in securing the Bitcoin network and debunk myths surrounding Bitcoin’s energy usage. Moderated by BTC Sessions
Dubai | World Digital Mining Summit
Darin Feinstein at the 2021 World mining summit
UAE-Based Phoenix Technology Consultants Places Order for $650M Worth of Crypto Mining Rigs
UAE-based Phoenix Technology Consultants has signed a $650 million order for crypto mining rigs, one of the largest purchases on record, CEO Munaf Ali said at the World Digital Mining Summit (WDMS), which started in Tuesday in Dubai. Deliveries of the “new generation” machines will start in 2022. Phoenix will also place orders for over […]
U.S. officially the top destination for bitcoin miners, beating out China for the first time
The U.S. is now the number one destination for bitcoin miners, eclipsing China for the first time ever. While it was already trending in that direction, new data from Cambridge University released early Wednesday makes it official. As of July, 35.4% of bitcoin’s hashrate – an industry term used to describe the collective computing power of miners – is […]
Institutional Interest in Crypto Miners is Peaking
As China is working to shut down Bitcoin mining, the U.S. is becoming the new hub for the industry. As of April 2021, they account for 17% of all of the world’s Bitcoin miners. This is due in large part to governments and businesses being more open to the use of cryptocurrencies. Darin Feinstein, Founder […]
Core Scientific Taps Reffett Associates to Recruit VP Investor Relations
Steve Gitlin, who previously served as the vice president and chief marketing officer for AeroVironment, has been appointed as the new vice president of Core Scientific. Mr. Gitlin will report to Core Scientific’s chief financial officer Michael Trzupek, and he will be responsible for leading the transition of Core Scientific to a publicly-traded company. Mr. […]