Mining

Alawad Fund selected MetaBitcoin (MBTC), which implements all Bitcoin ecosystems identically within the metaverse ecosystem, as its first investment destination. Jointly with prominent partners, Alawad Fund plans to invest in promising blockchain projects, virtual-asset startups, cryptocurrency exchanges, and bitcoin mining. On March 26, Alawad Fund was launched in Dubai, the city attracting global attention as…

Iran’s Ministry of Energy has decided to cut down the supply of electricity given to the authorized crypto mines units of the country to ensure the enough power supply for the citizenry. This decision will be implemented on June 22, Tehran Times reported. A spokesman for the Iranian Energy Ministry, Mostafa Rajabi Mashhadi, said that…

The shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS) will cut power consumption sharply – and leave some expensive technology searching for new uses, write Olga Kharif and David Pan on Bloomberg. The Ethereum mining community is a diverse bunch, geographically and demographically. There’s a 28-year-old translator in Ukraine, running computing hardware on his balcony to…

Oman’s sovereign wealth fund has acquired a $350 million stake in Crusoe Energy Systems – a US company that helps fossil fuel producers reduce gas flaring by using stranded flared gas to power crypto mining. According to Crusoe’s CEO, the first pilot project could be launched by the end of this year. According to Bloomberg,…

Major Bitcoin miners in the US are looking at the Middle East, Europe, and other regions to expand their energy-intensive industry, Bloomberg reported. They are seeking low local electricity prices and liberal regulations on crypto mining. “We are geographically diversified in the US … but we are also looking outside the US,” Mike Levitt, chief…

The 19th millionth Bitcoin (BTC) was mined on Friday, a landmark occasion for the world’s first and biggest cryptocurrency. Yet 2 million Bitcoin to be mined until about the year 2140. Meanwhile, Bitcoin network difficulty reached a new all-time high. The Bitcoin (BTC) network reached a milestone on Friday, April 1, 2022, after records show…