The Positive Impact of Bitcoin Mining on Energy Grid Stability
Bitcoin mining has been a subject of controversy due to the high energy consumption associated with the process. However, there is another side to the story that is often overlooked – the potential positive impacts of bitcoin mining on the stability of an energy grid. Many energy grids have excess capacity during off-peak hours, which…
Montana Protects Bitcoin and Crypto Mining Rights With New Mining Bill
TDLR The Montana state senate has passed a bill called “Right to Mine” designed to protect cryptocurrency mining companies from unfair utility rates. The bill is a significant step forward for crypto mining and aims to encourage mining operations within the state. In the United States, crypto mining has long been a contentious issue, with…
Exxon is Mining Bitcoin with Excess Gas To Reduce Emissions
Even with natural gas prices at all-time time highs, Big Oil in the US is turning their excess flare gas into bitcoin.
How Bitcoin Miners and Wholesale Electricity Markets Work Together
TDLR Bitcoin miners can act as controllable loads and stabilize the electrical grid by using wholesale electricity markets to purchase energy directly. This collaboration between Bitcoin miners and energy providers offers solutions to the challenges posed by the increase in reliance on weather-dependent renewable energy sources. As the world shifts towards renewable energy sources, the…
The Majority of Bitcoin Mining is Fueled by Sustainable Energy
TLDR: Bitcoin mining leverages 52.6% sustainable energy, making it an appealing ESG investment. Bitcoin mining has been a topic of controversy in recent years due to concerns over its environmental impact. A 2020 study by Cambridge University found that only 39% of Bitcoin mining was powered by renewable energy sources. However, a more recent study…
Russia Considering Bitcoin Payments for Oil and Gas Exports
The USD is crushing fiat currencies world wide and Putin is considering accepting Bitcoin as a payment for his Oil and Gas exports.
Bitcoin Ordinals Can Revolutionize The Mining Industry
TLDR NFTs could revolutionize the way miners are incentivized in the future. Bitcoin has been around for over a decade, but it’s still evolving. One of the latest developments is the use of Bitcoin ordinals – data inscriptions that give miners a glimpse at what the future of miner extractable value (MEV) could be. While…
The Rise and Fall of Tokenized Bitcoin Hashrate Products
During the 2020-2022 cryptocurrency bull market, tokenized Bitcoin hashrate products gained immense popularity. Several hashrate tokens were launched during this period with the aim of providing an easy and profitable way of gaining exposure to the mining industry. However, these tokens continue to prove their immaturity and fall short of delivering their promised benefits. Poolin’s…
Miners Might Have Capitulated, The Bottom Is Near
Every bitcoin bear market ends in capitulation and the mining sector is getting close to reaching it.