Page 6 - Genesis Mining News Today

Analysis Since the exuberant crypto bull run of 2017, regulators have increased their activity in the industry. United States governing bodies such as the Securities and Exchange Commission, the Department of Justice and the Commodity Futures Trading Commission have all pursued various types of legal enforcement.  From December 2020, there has been an even further regulatory push, including a proposal from the Financial Crimes Enforcement Network aimed at heightened crypto wallet overwatch. ...

Inside the dirty world of Bitcoin mining The energy requirements of Bitcoin are expected to double this year, but some miners are turning to renewables to clean up their act 28 January 2021 • 12:00pm Today in Norilsk, the world’s largest northerly city, the weather is minus 32  degrees celsius, about average for the region where conditions can reach 50 below. The Russian city within the Arctic circle is known for its heavily polluting nickel mines, and acid rain and smog are common.  But ...

Standard Hashrate Group ("SHG") is an open platform where prominent miners standardize and tokenize their BTC hashrate. Today, SHG is pleased to announce Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia as tokenization miners. SHG welcomes these industry-leading companies to tokenize a total of 25 PH/s of Bitcoin hashrate into Bitcoin Standard Hashrate Tokens ("BTCSTs").

BTCST Welcomes Top Bitcoin Mining Partners including BTC.TOP and Genesis Mining HONG KONG, Jan 25, 2021 - (ACN Newswire) - Standard Hashrate Group (SHG), the project team behind the Bitcoin Standard Hashrate Token (BTCST), today welcomed several world-class mining institutions as partners. Joining the SHG project as tokenization miners are Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia Group, each major stakeholders in the current mining industry. Alex Zhao, CEO of SHG, said that...

Reading Time: 2 minutes by Evan Ezquer on January 13, 2021&nbspRegulation On Jan 8, two legislators in Kentucky have recently submitted a bill that aims to make the US state a very attractive option for cryptocurrency miners in the form of tax breaks. Kentucky Crypto Mining Bill The proposal was submitted to the General Assembly, which would see Bitcoin and other cryptocurrency miners enjoy some tax exemptions. The legislators of the bill are Republican lawmakers, Steven Rudy and Chris Freelan...

Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the ‘Biggest Developments’ China has the largest concentration of bitcoin miners worldwide with estimates noting the country captures anywhere between 50-65% of the global hashrate. Xinjiang, the autonomous region of the People’s Republic of China, ostensibly accommodates 35% of the hashrate. This week a regional report from China and statements from the head of operations at Gene...

The region recorded the wettest weather in over 20 years, increasing HEP production. Per Genesis Mining’s head of operations, the firm’s profits tripled over the course of 2020. Norway had the lowest electricity prices in the International Energy Agency. The Nordic region has once again become profitable for crypto miners after a period of high electricity costs. A report unveiled this news on December 27, noting that this year recorded the wettest weather and mild temperature in more than ...

Bitcoin price hits new all-time high above $24,000 as institutions drive up demand Image via Unspalsh This week CryptoCompare data shows the price of Bitcoin (BTC) moved up from around $19,1000 at the start of the week to hit a new all-time high above $24,150 before enduring a correction that saw the flagship cryptocurrency’s price dip to $22,800 at press time. Ether (ETH), the second-largest cryptocurrency by market capitalization, moved from $580 to a 4670 yearly high, far ...

Genesis Mining Is Converting Excess Bitcoin Datacenter Heat Into Greenhouse Power in Sweden One of the largest bitcoin mining operations in the world, Genesis Mining, has been working on an experiment with Systemair, Lulea Technical University, Research Institute of Sweden, and the local Boden municipality. The teams in Sweden are developing a system that converts excess heat from Genesis’s bitcoin mining to power greenhouse operations. Bitcoin mining is extremely competiti...

Bitcoin breaks records, what happens next, Coinbase IPO: Hodler’s Digest, Dec. 13–19 The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link!   Years of price falls and drama followed. Nonetheless, believers remained confident that one day, one day, And on Dec. 16, 2020, that day finally came. In quick succession, BTC smashed through $20,000, $23,800. This stumbling block was eviscerated over th...