Introduction In the dynamic realm of digital currencies, crypto mining emerges as a significant endeavor. Yet, amidst the enthusiasts and investors in Australia, a pressing question lingers: “Is crypto mining profitable in Australia?” As the digital currency landscape is perpetually in flux, knowing the profitability of crypto mining within Australia’s diverse context necessitates an in-depth...Continue Reading
Introduction to Bitcoin Mining Australia Bitcoin mining is the heart of the Bitcoin network. It’s a process that involves validating transactions and adding them to the blockchain, Bitcoin’s public ledger. This critical role helps maintain the network’s security and introduces new bitcoins into the system. Let’s dive deeper into what Bitcoin mining Australia and learn...Continue Reading
The Bitcoin mining sector achieved its highest annual earnings on November 12, surpassing $44 million in combined block rewards and transaction fees.Continue Reading
The energy-intensive nature of Bitcoin mining has sparked heated debates. Supporters claim it brings climate advantages, enhances grid stability, curbs methane emissions, and promotes renewable energy. MIT have gone ahead and analyses these claims. Continue Reading
A report from Arcane, published by CoinTelegraph, has indicated that While innovations in chipset manufacturing have helped reduce operational costs related to Bitcoin mining, a report has revealed the market’s potential to transform the energy industry. Bitcoin Mining is said to be responsible for approximately 137 terawatt hours of energy consumption per year according...Continue Reading
The global Bitcoin mining industry had a sustainable electricity mix of 59.5% during Q2 of the year, or a marginal increase compared with Q1, according to the latest quarterly survey conducted by the Bitcoin Mining Council. The latest Q2 report also details how energy efficiency among Bitcoin miners is on the rise. The...Continue Reading
State Senator Introduces Bill to Make Bitcoin Legal Tender in Arizona In the last 24 hours, state Senator Wendy Rogers, a Republican, has introduced a bill in Arizona that would make Bitcoin legal tender in the state. This follows another Republican, Don Huffines, a current candidate for Texas governor, exclaiming he would...Continue Reading
Intel set to release “ultra-low-voltage energy-efficient Bitcoin mining ASIC” Leading tech giant Intel, one of the largest computer processor manufacturers, is set to release their new specialised “ultra-low-voltage energy-efficient Bitcoin mining ASIC” known as the “Bonanza Mine”. Although Intel are yet to state anything publicly, Tom’s Hardware reporters noticed that they...Continue Reading
AFL 5 YEAR $25M Partnership with Crypto.com Australian Football League (AFL) has landed a monumental five-year partnership with leading cryptocurrency marketplace and exchange, Crypto.com. Per the AFL’s website, “the new partnership will see Crypto.com become the Official Cryptocurrency Exchange and Official Cryptocurrency Trading Platform of AFL and AFLW”. The Singapore based cryptocurrency marketplace and exchange...Continue Reading
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