(Bloomberg) — Bitcoin miners are beginning to sell tokens they’ve hoarded to cover burgeoning costs with the prospects for industry growth slowing and the price of the largest cryptocurrency showing few signs of rebounding following the recent collapse from record highs. Miners transferred about 195,663 coins to exchanges in May, the biggest monthly increase since […]
Read More(Bloomberg) — Shares of Coinbase Global Inc. closed at their lowest ever amid a broad-market tumble and a fresh warning from Mizuho Securities about the potential of a revenue miss in the first quarter. The largest U.S. cryptocurrency trading platform fell 3.1% to $185.63 on Tuesday. After the three-day decline, shares are down nearly 50% […]
Read MoreCrypto mining, natural resources, and the environment are hot topics for governments and the crypto market at present. China’s ban on Bitcoin (BTC) mining put the spotlight on crypto mining and the environment. While governments have taken greater interest, manufacturers of crypto mining equipment have yet respond to the increased level of scrutiny, until now… […]
Read More(Bloomberg) — Bitcoin has a long way to drop before mining the digital token becomes unprofitable for North America’s largest crypto mining company. After factoring in energy and hosting costs, the breakeven rate on Bitcoin for Marathon Digital Holdings Inc. is roughly $6,500, according to Fred Thiel, the Las Vegas-based company’s chief executive officer. Even […]
Read MoreGevo, Inc. (GEVO) Gevo, Inc. operates as a renewable fuels company. The company commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives. Its products also include renewable biodiesel, isooctane, isobutanol, sustainable aviation fuel, isobutylene, ethanol, and animal feed. Gevo, Inc. has a strategic alliance […]
Read MoreJack Dorsey says that Square is “considering” building its own Bitcoin mining system using custom silicon and open source software. “Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide,” Dorsey wrote in a Twitter thread Friday. He added that such a project would follow […]
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