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Bitcoin Mining Emissions Intensity Reaches New Low Amid Shift to Sustainable Energy Sources

Bitcoin mining has become more sustainable and environmentally friendly, with emissions intensity dropping to its lowest level ever, below 300g/KWh. The decline is due to the use of more sustainable energy sources and more efficient mining hardware.

Greenidge Generation Bitcoin Mining Facility in Upstate New York Faces Environmental and Economic Controversy

Greenidge Generation, a bitcoin mining facility in New York, has become a controversial topic in the debate over the environmental impact of mining. While some locals support the facility, others have raised concerns about its contribution to harmful algal blooms in Seneca Lake.

Bhutan Embraces Blockchain and Bitcoin Mining for Economic Growth

Bhutan, a Himalayan kingdom known for its unique focus on 'Gross National Happiness' as a development indicator, is incorporating new-age technology such as blockchain and drone innovation into its traditionally rural economy. Druk Holding & Investments (DHI), Bhutan's state-owned commercial holding enterprise, is leading the charge in technological adoption in the country. DHI recently partnered with Bitdeer, a Singapore-based crypto company, to raise $500 million for a crypto mining business. Bhutan's Bitcoin mining aspirations are grounded in the abundance of its hydropower resources, which could potentially make it the "biggest Bitcoin miner per capita in the world." However, the volatile nature of the crypto industry poses challenges to DHI's ambitious plans.

Marathon Digital Holdings Pledges To Match Up to $500,000 in Donations to Non-Profit Bitcoin Research and Development Firm Brink

Marathon Digital Holdings, a Bitcoin mining company, has pledged to match donations up to $500,000 to non-profit Bitcoin research and development firm Brink on a two-for-one basis during the Bitcoin 2023 conference in Miami Beach, Florida. After the conference, they will match additional donations on a one-for-one basis until December 31.

Bitcoin Mining Difficulty Hits New All-Time High, Signaling Increasing Network Competitiveness

Bitcoin's mining difficulty has reached an all-time high, indicating a competitive network and increased interest in the cryptocurrency. This rise in difficulty may be a precursor to a potential increase in Bitcoin adoption, leading to significant growth in its value and market demand. However, as mining becomes more challenging, it impacts the profitability of miners, which is closely tied to Bitcoin's spot price. The recent decline in weekly jobless claims in the US defies recession concerns in the labor market. Meanwhile, Bitcoin's technical outlook shows bearish indicators, with resistance at the $26,850 level and support at $26,000. The Cryptonews Industry Talk team has curated a list of 15 promising cryptocurrencies for 2023 that demonstrate strong potential for growth.

Bit Digital Expands Bitcoin Mining to Iceland Amid US Regulatory Pressure

New York-based Bitcoin mining company Bit Digital is expanding its infrastructure in Iceland by placing 2,500 newly bought mining machines there. The move is in response to growing regulatory pressure and a proposed cryptocurrency mining tax in the United States.

GoMining: Making Bitcoin Mining More Accessible and User-Friendly

GoMining is a Bitcoin mining venture that aims to make mining accessible to a wider audience by offering user-friendly options such as decentralized staking and NFT-based mining rewards. The project owns and operates a large number of BTC mining rigs across nine separate data centers located in the UAE, Norway, and Kazakhstan.

Bitcoin Mining Startup Cormint Raises $30M Series A to Build Texas Data Center

Bitcoin mining startup Cormint Data Systems has raised $30 million in a Series A funding round co-led by its president to build a data center with 2.4 exahash/second (EH/s) of computing power in Fort Stockton, Texas.

The Importance of Self-Custody and Arguments For and Against Bitcoin Mining

Bitcoin mining has faced scrutiny from some countries due to the amount of electricity consumed in the process, leading to discrimination against Bitcoin mining facilities. However, some crypto experts argue that BTC mining could bring more good than harm if given the essential resources, such as renewable energy sources.

Abu Dhabi to Host First Large-Scale Bitcoin Mining Operations in the Middle East

Abu Dhabi is set to become the home of the first large-scale bitcoin mining operations in the Middle East, with Marathon Digital Holdings and Zero Two developing a complex called Abu Dhabi Global Markets JV Entity.