Mining

New York officials denied required air permit renewals for a bitcoin-mining power plant on the grounds that it was a threat to the state's climate goals. The permitting decision was another example of New York putting the brakes on a cryptocurrency bonanza that has alarmed environmentalists. It also comes at a time when cryptocurrency prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny. The state's permitting decision involved Greenidge Generation, an old coal-fired plant…

According to a report by Bloomberg this morning, the cryptocurrency mining industry is dying at a rapid pace. With many of the world's major cryptocurrencies, such as Bitcoin and Ethereum, crashing, mining is no longer a sustainable form of income for many people. As a result, miners are selling off the best GPUs in droves, causing GPU prices on the second-hand market to plummet as much as 50% in recent months. (Bloomberg's data starts at the end of May) .This is great news for PC gamers and means the used GPU market is…

Bitcoin miners in New York state faced a regulatory blow today as the state denied air permits for a gas-fired power plant used to mine Bitcoin. It’s the latest step that New York has taken to crack down on crypto mining as it tries to meet its goals on climate change. The decision was made for the Greenidge Generating Station in New York’s Finger Lakes region. Bitcoin mining brought new life and renewed controversy to the embattled plant in 2020. That drew outrage from some local residents worried about how the plant…

Take a look here to devise the best cryptocurrency stock to buy now between Canaan and Hut 8 Mining All eyes are on cryptocurrencies’ rises and fall as their popularity grows and investor interest continues to expand. According to the Cryptocurrency Market 2022 report, published by Research and Markets, the global cryptocurrency market was worth US$1.78 trillion in 2021. The market is projected to grow at a compound annual growth rate of 58.4% from 2021 to 2027 and is expected to reach US$32.42 trillion by…

The cryptocurrency market is growing with every passing day. Crypto miners have always been keen on making the best of the opportunities available. It is because of this very reason that Ethereum mining software has become quite prominent, of late. On that note, have a look at the top 10 Ethereum mining software for crypto miners in 2022. Cudo Miner Cudo Miner is one crypto miner tool wherein crypto miners can earn as much money as possible from their PC or laptop. This is an absolutely easy-to-install,…

Cryptocurrency mining is a relatively new concept that started slowly and has, over about a decade, developed into an entire industry with a wild-west-gold-rush reputation. The mining of “digital gold” in the form of cryptocurrencies is often painted as a get-rich-quick scam, with comparisons to tulip mania and the gold rushes of years past. Indeed, the industry is rife with hype, scams, and misleading promotions, and there’s a lot of room for error. However, there are profitable mining ventures, and there is still…

LONDON—Commodities giant Glencore GLNCY -1.05% PLC said Friday it made more money trading oil, metals and other commodities in six months than it had expected to make all year, citing unprecedented volatility in markets in the wake of the global recovery from the pandemic and the invasion of Ukraine. Glencore said its trading division expects to post half-year earnings before interest and taxes of more than $3.2 billion, at the top end…

ADELAIDE, Australia—The world’s largest mining company abandoned the sale of its last thermal coal mine, and said it would aim to close the Australian pit in 2030. Despite record-high coal prices, BHP Group Ltd. said it failed to find a buyer for the Mt Arthur mine, which is one of Australia’s biggest coal operations but is technically complex and will have a large cleanup bill when it closes. The decision was welcomed by some activists, who have been urging big miners to…

Millions of electric vehicles will be scrapped in the coming years. For the batteries that power them, that won’t be the end of the road. Eventually, auto makers and recycling companies want to harvest valuable materials from old EV batteries to make new ones. But before they are recycled, used batteries could be given a second life on the electricity grid. Millions of electric vehicles will be scrapped in the coming years. For the batteries that power them, that won’t be the end of the…

MAXUSDT Links Official Website Registration Links Facebook Twitter Telegram Channel White Paper Certificate Telegram Customer Support Whatsapp Live Chat Support Since Bitcoin reached its second all-time high, crypto mining has never gone out of style. However, the concept and idea of cryptocurrency mining have evolved over time. Cloud mining services have become an asset for people who do not want to go the traditional route because it involves fewer expenses and higher profits.…