In a nutshell: The Mechanicville Hydroelectric Plant, near Albany NY, is pretty much the oldest renewable power plant still in operation in America. Nowadays, it mainly uses its original equipment from 1897 to power a Bitcoin mining farm.In the 1980s, the National Grid was considering shutting down the defunct plant when Albany Engineering Corp. agreed to operate it … [Read more...] about 124-year-old hydropower plant uses its energy to mine Bitcoin
Cryptocurrency
Ukrainian law enforcement has shut down 3,800 PS4 crypto-farm
WTF?! On Thursday, the Security Service of Ukraine (SSU) announced that it had shut down a cryptomining operation in the town of Vinnytsia, seizing more than 500 GPUs and 50 processors - and a bunch of Playstation 4s. 2013-era tech might not be great for mining, but they don't need to be when you have 3,800.While the GPU market is starting to improve and dedicated ASICs are … [Read more...] about Ukrainian law enforcement has shut down 3,800 PS4 crypto-farm
China continues crackdown on cryptocurrencies
The Central Bank of China has called for the closure of a company suspected of engaging in cryptocurrency transactions.It is a new turn of the screw that cryptocurrencies undergo on behalf of the Middle Empire. On July 7, 2021, the Central Bank of China called for the closure of a company that “was suspected of providing software services for virtual currency … [Read more...] about China continues crackdown on cryptocurrencies
Buy bitcoin on N26? The neobank tells you
“We believe that we can bring great value to our customers by integrating crypto into their banking experience,” says N26.N26 customers will no longer have to envy Revolut or ogle cryptocurrency exchanges like Coinbase and Binance. Soon, the German neobank's app will open its own service to buy and trade digital coins like Bitcoin, Ethereum, and possibly other … [Read more...] about Buy bitcoin on N26? The neobank tells you
Why mining Bitcoin is now so much easier
Bitcoin (BTC) mining has recently become much easier. Since the exodus of mining farms outside of China, blockchain has seen the biggest drop in the difficulty of mining BTC since 2009. This collapse is linked to the network's mining capacity. To mine Bitcoin, miners rely on powerful computing computers. These computers are responsible for performing complex mathematical … [Read more...] about Why mining Bitcoin is now so much easier
Coinbase bets on a savings account at 4%
Coinbase's new secret boot, based on USDC (its stablecoin).Cryptocurrency buying platforms must reinvent themselves in an attempt to stand out from the competition, continue to be profitable even when asset prices collapse and public authorities tighten the screw. The American Coinbase, on the stock exchange, has just announced a series of news including the arrival of a … [Read more...] about Coinbase bets on a savings account at 4%
Fall of Bitcoin, until when? For JP Morgan, you have to look at this simple indicator!
There are many conjectures about the end of the Bitcoin bear market. When they come from institutional players like the investment bank JP Morgan, it is always interesting to take them into account. Let's discover the latest analyzes provided by JP Morgan on the price of Bitcoin.JP Morgan's opinion on the fall of BitcoinNikolaos Panigirtzoglou is an analyst at JP … [Read more...] about Fall of Bitcoin, until when? For JP Morgan, you have to look at this simple indicator!
Bitcoin Mining Becomes Cleaner And Cleaner, Report Says BTC Price Up
In a report released this week, the Bitcoin Mining Council, an organization that brings together companies whose primary business is mining Bitcoin, claimed that BTC mining now relies on an energy mix that is over 50% renewable.“Mining Bitcoin uses negligible amounts of energy, quickly becomes more efficient, and is fueled by a higher mix of sustainable energy than any … [Read more...] about Bitcoin Mining Becomes Cleaner And Cleaner, Report Says BTC Price Up
Cryptocurrency: A user of the dating app Grindr was scammed for 23,000 euros
A scam is currently targeting users of the Grindr dating app. A scammer is indeed trying to convince certain users to deposit money on a cryptocurrency exchange platform. The deposited funds are then recovered by the criminal before disappearing. In a survey published on July 3, 2021, The Guardian recounts the misadventure of James Evans, a young man who uses Grindr, the … [Read more...] about Cryptocurrency: A user of the dating app Grindr was scammed for 23,000 euros
Thailand files complaint against cryptocurrency exchange Binance
Thailand's financial authorities have filed a lawsuit against Binance for "operating a digital asset trading platform without a license to operate." Binance, the world's largest cryptocurrency exchange, is having a hard time.Bad news is mounting for Binance. The world's largest cryptocurrency exchange is the target of a criminal complaint from Thailand's financial … [Read more...] about Thailand files complaint against cryptocurrency exchange Binance
