Tag: Hut 8 Mining
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The Crypto Climate Accord and a carbon free future for cryptocurrency
We need to talk about cryptocurrency’s carbon problem. Right now the Bitcoin network alone gobbles up more power than the entire nation of Sweden. That’s a big network. It spits a new block reward of 6.25 bitcoin every ten minutes, each worth approximately $61,568.60 at the time of writing, and Bitcoin is presently down a…
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This Week in Crypto: Typical Bubble edition
It’s getting a little hard to keep track of who does and who doesn’t like Bitcoin. This week, George Soros offered an endorsement whereas three years ago he panned it, calling it a “typical” bubble. The head of Soros Fund Management argued thi sweek that it has even more long term potential. “I’m not sure…
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This Week in Crypto: News You Can Trust Edition
Because we’re all about value let’s start this out with some fake news. Walmart (WMT.NYSE) decidedly did not partner with Litecoin, despite news published earlier this week that did the rounds with multiple sources. Charlie Lee, the brain behind Litecoin and leader of its peoples, said the news was fake. Walmart quickly quashed it on…
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This week in crypto – sweating to death edition with RIOT.Q, CSTR.C, TAAL.C, HUT.T, NDA.V, LNK.C, COIN.Q, IDK.C, BIGG.C, PYPL.Q, VHI.V, GBLC.C
Here’s an interesting stat to start this crypto roundup off: “A study published in the journal Nature Climate in 2018 concluded that the growth of bitcoin could produce enough emissions by itself to raise global temperatures by 3.6 degrees Fahrenheit (2 degrees Celsius) as soon as 2033.” The publication is three years old, which means…
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This Week in Crypto: A cryptocurrency and blockchain roundup featuring LNK.C, MARA.Q, CSTR.C, HUT.T, BTCS.OTCQB, CWRK.C, GLXY.T, APP.C, GBLC.C
Most of the news you’re going to find on public companies in the crypto and blockchain space is going to be on mining. Sometimes you’ll see a company on the periphery of decentralized finance, or in the burgeoning sub-sector of cryptocurrency custodianship, but mostly it’s miners. This week isn’t much different. But mining itself also…
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Why your crypto bets are down and what’s to be done?
Bitcoin’s down almost half of its high point mark achieved earlier this year, and naysayers are chuckling about the things they’ve always known about the currency. Like they always do whenever crypto hits the skids, which it does ever so often. It’s a common occurrence, and common enough that folks involved will keep quiet during…