Increasing Support For Wind Power And Efficient Bitcoin Mining
Mining News Brief High Levels of Public Support For Wind Power Wind power is supported by a large percentage of the U.S. population. In fact, public sentiment for renewable energy sources exceeds that of legacy energy sources in the U.S., according to research from Canary Media and the Pew Research Center. As more U.S. citizens […]
Less Than 10 Percent Of Bitcoin Remain Unmined
Mining News Brief Less Than 10 Percent Of Bitcoin Remain Unmined Less than 10% of all bitcoin remains to be mined. The other 90+% has already been mined and is currently held by miners, exchanges, corporations, financial institutions, countries, and other bitcoin investors. What Is An Issuance Schedule? As you may know, Bitcoin is an […]
Bitcoin Mining As A Carbon Management System
Mining News Brief Bitcoin Mining As A Carbon Management System As we stated last week, bitcoin miners will seek the lowest cost electricity within reason to power their operations. Many miners travel to remote locations to procure competitive electricity rates from stranded wind and solar farms, which often generate electricity that the grid cannot accommodate. […]
What Are The Advantages Of Mining Bitcoin With Renewable Energy?
Mining News Brief What Are The Advantages Of Mining Bitcoin With Renewable Energy? An increasing number of bitcoin mining companies are adding renewable energy capacity to their portfolios as they anticipate the global transition towards a carbon-free energy grid. Currently, in the United States, electricity prices range from approximately $0.10 k/Wh to $0.30 k/Wh. MiningStore […]
Crypto Market Cap Exceeds 3 Trillion USD
Mining News Brief New Data From U.S. Bureau of Labor Statistics Amplifies Inflation Concerns The U.S. Bureau of Labor Statistics has released its monthly economic news release summarizing the consumer price index. These reports contain several different indexes (Energy Index, CPI and CPI-U) that each measure a particular collection of goods. What Is The Energy […]
Bitcoin Price Hits All-Time High As Bitmain Reveals New Antminer S19XP
Mining News Brief Bitmain Announces Antminer S19XP Bitmain has announced the pending release of the Antminer S19XP. The original leak stated that the S19XP would operate with 150 TH/s, but the official release materials from the company listed 140 TH/s. One important benefit with the new S19XP is the impressive efficiency gain as compared to […]
Will Your Bank Soon Hold Bitcoin?
Mining News Brief “I think that we need to allow banks in this space” – FDIC Chair Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC) has stated that she desires more clarity from federal regulators so that banks may freely engage in cryptocurrency services without fear of agency enforcement actions. (Reuters) “If we […]
Cypherpunk Holdings Enters Agreement With MiningStore
Mining News Brief Cypherpunk Holdings Enters Agreement With MiningStore Cypherpunk Holdings is a sector leader for cryptocurrency, privacy and cryptography focused investments and now mining. The company recently announced an agreement for a large-scale hosted cryptocurrency mining operation with MiningStore. Under this agreement, Cypherpunk has purchased 25 Bitmain S19J Pro miners for USD $300,000 which […]
Square CEO, Jack Dorsey, has interest in developing an open and collaborative bitcoin mining system
Mining News Brief Square CEO, Jack Dorsey, tweeted about his interest in developing an open and collaborative bitcoin mining system. (Jack’s Tweet) “Square holds approximately 8,027 #bitcoin, acquired at an aggregate purchase price of $220,000,000 and an average price per bitcoin of $27,407.” (BTC Magazine) The U.S. Federal Government Plans To Lease And Develop Offshore […]
U.S. Senators Demand Treasury Study on Bitcoin Mining
Mining News Brief This week, we will begin by introducing several recent events that give context to our new email series. Most notably, the Build Back Better agenda, how Bitcoin mining can mitigate the financial risk of losing surplus or stranded energy, and the growth in global Bitcoin adoption despite China’s prohibitions. 1 U.S. Senators […]
El Salvadors Chivo Wallet Offers Fuel Subsidy
Table of Contents Mining News Brief El Salvador’s Chivo Wallet Offers Fuel Subsidy Brazilians Set to Vote on Cryptocurrency Bill DOJ to Launch National Cryptocurrency Enforcement Team SEC Approves One ETF, Delays Others Network Health and Hash Rate Realized Market Cap Hits ATH Cryptocurrency Transaction Volume Increases in Europe, Asia, and Oceania Mining Media Article: […]
Biden administration has stated its desire to expand and extend clean energy tax credits.
MiningStore’s Report on Bitcoin Mining and Renewable Energy MiningStore is a Bitcoin mining company powered by Wind and Grid energy. Each week, our VIP newsletter will rehash current events from around the world and how those events affect bitcoin miners and renewable energy producers. Table of Contents Mining News Brief Wind And Solar Adoption In […]